Have you been thinking about applying for a loan but don’t know which one is the best? Is your business suffering from significant financial loss and you need funds? Is your son is getting married, and you need extra cash liquidity to funds wedding expenditure? Then we have a solution for you.

With a little help from Gold Loan Jalpaiguri, you can quickly get rid off from all your financial worries in no time. As you need to provide collateral, this loaning scheme is said to be a secure way of taking a loan amount from the bank. You can use your gold pendants, your gold earrings as collateral against the principal amount of loan.

About Gold Loan Jalpaiguri

If you are looking for a loan that provides fast and quick cash, then you can avail a Gold Loan. It is a loan that provides money to people according to the market value of gold. The loan is secured in nature and demands an asset to pledge as collateral with the lender.

Read More - About Gold Loan

Gold Loan Japaiguri Interest Rates

10.70% is the minimum annual interest rate you can expect on these loans. As a result, the monthly rate of interest becomes less than 1%. It also comes with foreclosure facility meaning you can close the loan amount before the tenure ends allowing you to skip the remaining Emi’s and their respective interest rates. The foreclosure charges range from 0-3% of the total loan amount.

 

Know More - Gold Loan Interest Rate

Benefits of taking Gold Loan Jalpaiguri

  1. Secured Loan.
  2. Flexible repayment techniques.
  3. Assured security of your Gold jewelry.
  4. Quick Loan disbursal.
  5. Loan amount starts from Rs 30,000.
  6. Minimal documentation.
  7. In-house Gold evaluation.

Know More -  Gold Loan Features and Benefits

 

Eligibility for avaling Gold Loan 

  1. Applicant’s Age must be above 18 years and below 65 years
  2. Applicant must be an Indian citizen
  3. Minimum gold must be 10 gm to avail gold loan 
  4. Gold must be between 18 carats to 22 carat
  5. A gold loan can be availed only on jewelry

Know More - Gold Loan: Factors to Remember

Why gold loan is the best loaning option?

  1. First of all, the gold loan comes with Low-interest rates.
  2. After that, it provides High LTV to the customers.
  3. The documentation process is fast and hassle-free
  4. Thus, you can expect your loan to get approval within 15 minutes of applying.
  5. Furthermore, these loans don’t require a good banking history.
  6. Therefore, anyone can apply for this loan without facing any problem.
  7. Moreover, you can apply for this loan online and save your time.
  8. Gold Loan comes with multiple repayment options.
  9. Besides, these loans come with quick Loan disbursal you can expect your credit to get disbursed in less than 24 hours.
  10. The Loan amount starts from Rs 18,000 and can go up to 1 core. As a result, these loans can help you with both your big and small financial needs.

Know More - Top Reasons why Gold Loan is the best borrowing option

Why one should choose Gold Loan in Jalpaiguri?

  1. It is a secured loan that demands gold assets to be pledged with the lender.
  2. The Loan amount is based upon the quantity of gold provided by the customer.
  3. The processing time is less as it hardly takes 15 minutes to acquire the money.
  4. It involves simple procedure and fast disbursals.
  5. There is no restriction to use the loan amount.

Documentation required for taking a Gold Loan 

  1. Identity Proof: Voters ID card/ Driving License /Passport Copy
  2. 2 passport size photographs.
  3. Address Proof: Passport copy/Trade license /Shop & Est. License/Sales Tax certificate/
  4. Ration card/ Tel, Electricity Bill/ Rental bill
  5. Signature Proof: Banker's verification/Cheque /Passport Copy/Driving License.

About Jalpaiguri:

Jalpaiguri  is a city in the state of West Bengal in India. It is the headquarters of Jalpaiguri district, and the divisional headquarters of the North Bengal region. The town lies on the banks of the Teesta River, possibly the second largest river in West Bengal after the Ganges.

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FAQs About Gold Loan 

  1. How does  Gold Loan work?
     Loan on gold is very simple to understand. The Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.
  2.  Gold Loan is secured?
    Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.
  3. What happens when you don’t repay a Gold Loan?
     If the borrower is unable to return the gold loan on time, then the bank is liable to sell his gold ornaments.
  4. To get a gold loan do I need a co-applicant?
     No, to avail Gold loan you don’t need any co-applicant 
  5. Is Gold loan better than a Personal loan?
    Yes, a Gold loan is better than personal Loan because in Gold Loan banks/NBFC's takes Gold ornament as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.
  6. What is the best online platform to avail gold loan?
    Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.
  7. Is there any fee payable for the Gold Loan?
    Yes, you have to pay the loan processing fee (non-refundable) as well as Valuation fee.

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%