Gold Loan is the best and cheapest way of getting finance. It can help you when you are in urgent need of cash at any time like an accident, marriage, education expenses etc and have no other ways of arranging funds. It is a really a handy option where one can take jewelry to the lender and get money against it.

Why one should Apply for Gold Loan Puri?

  1. Low interest rates
  2. No prepayment charges
  3. No need of a cosigner
  4. No EMI, service only interest
  5. No credit checks
  6. Minimal Documentation
  7. Easy repayment schemes
  8. No hidden charges
  9. Fast Loan Approvals

Gold Loan Puri Interest Rates

Gold Loan Scheme

Loan Tenure / Period

The rate of Interest (p.a.)

TrueValue Loan

 12 months

12.5 % to 15.5 %

 

12.5 % to 15.5 %

Gold Loan Scheme

True Value Loan

Loan Tenure / Period

Minimum Tenure: 6 months

Maximum Tenure: 24 months

Gold Loan Puri Features

  1. You can avail Loan up to Rs.1 Crore or more & up to 70% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery
  3. Get your loan processed in less than 30 minutes
  4. Enjoy Anytime Liquidity.
  5. No EMI, Service only Interest and enjoy the Loan facility
  6. Lower Interest Rates
  7. Simple documentation and fast processing
  8. Overdraft limit varies depending on the market rate of gold.
  9. The interest rate is payable the only amount of the overdraft that you use.

Advantages of Taking a Gold Loan Puri

  1. No income and salary criteria - Gold loans do not require any documentation or validation for income or salary of the person, so even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return of the money.
  2. Can be provided in cases of bad credit history as well as the low-income level
  3. Relatively lower interest rates - Another advantage of taking a gold loan is that they are available at low interest rates, say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
  4. You need to repay only the interest - You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
  5. Total Convenience -The most convenient of all the loans is a gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.
  6. Less processing time -No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.

 Documents Required for Gold Loan

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

 Additional Documents Required:

The banks generally demand the above-given documents. However few banks demand some additional documents, which are mentioned below:

  1. Land Proof: In case of Agriculture Loan of more than Rs. 1 lakh Proof is not required for allied agriculture purposes.
  2. A Demand Promissory Note
  3. Certificate by the Jewel Appraiser (Bank will arrange).
  4. Income Proof: Salary Certificate and Form No.16.

Gold Loan Procedure:

Step 1. A borrower needs to submit a short application form to the Lender with Gold assets.

Step 2. The lender analyzes the assets offered by the applicant (including the purity and weight of gold).

Step 3. The Loan is sanctioned after checking the authenticity of the gold.

*The whole process takes 10-15 minutes or an hour.

How to Apply?

Visit www.dailabank.com

About Puri 

Puri is a city and the headquarters district of Puri district which is situated on the Bay of Bengal from the southern state of the capital Bhubaneswar in the Indian state of Orissa. After the 11th century, it is also known as Jagannath Puri which is located in this city. It is the Hindus city which is holy as a part of the Char Dham pilgrimages. There are one of the best beaches for swimming in India.

 

Other Leading Gold Loan Providers in Puri
Manappuram Gold Loan Axis Bank Gold Loan HDFC Gold Loan Other Gold Loan Providers

 


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