Gold is a very precious metal on this planet and its demand id increasing day by day. If you need fast cash, then you can take a loan against your gold. Gold Loans provide quick cash against your gold and are easily accessible.

Why one should choose Gold Loan in Gangtok?

  1. It is a safe and reliable Loan scheme.
  2. No credit history or income proof is required.
  3. A person can avail a minimum loan amount from R s 30,000 and onwards.
  4. A person should have a minimum of 20 Gram gold to avail the loan.
  5. No penalties are involved.

Gold Loan Gangtok Interest Rates:

In general Loan on Gold, the credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of personal loan or any other kind of loans. Though the gold loan rate keeps on changing with the passage of time as well as person to person. The Gold Loan in Gangtok is available at 1% per month interest rate.
1. Gold Loan Interest rate - 10.70 %
2. Also, offer low processing fee -  0.85%
3. Further, pre-closer charges range from 0 – 2 %.
4. Besides Tenure minimum six months; maximum five year
5. Lastly Amount - Thousand to a crore    
 
 

Gold Loan in Gangtok Eligibility:

1. Firstly, The age of the customer should not be less than 18 years.
2. Secondly, The applicant should be a citizen of India.
3. The applicant should have gold in an appropriate form.
4. The quality of the gold should be 18 karats to 22 karats.
 

Gold Loan Features In Gangtok:

  1. You get 100% Safety & Security of your Gold Jewelry
  2. Get your Loan process in less than 30 minutes
  3. Enjoy Anytime Liquidity.
  4. No EMI's
  5. Lower Interest Rates
  6. Simple documentation and fast processing.
  7. The rate of interest is payable the only amount of the overdraft that you utilized.

Know More - Gold Loan: Factors to Remember

 

Gold Loan In Gangtok Documentation Process:

1. Firstly, an Identity Proof is required. It can be an Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport.
2. Secondly,  One proof of residence is also required while applying for a gold loan; it can also be an Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills of last three months with the name of the applicant.
3. Two colored photographs.    
 

About Gangtok:

Gangtok is Capital of Sikkim. Gangtok is in the Shivalik Mountains of the east Himalaya, at an elevation of 1,437 meters (4,715 ft).Gangtok is at the hub of Sikkim’s travel industry.

Gold Loan Interest Rate of Different Banks - Updated on 2019

 
Bank  Gold Loan Rate 
HDFC Bank 10.75%
Yes Bank  10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan  12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%