Loan against Gold ornaments is designed to simplify your urgent financial needs and that too within just a few minutes. You need not sell your valuable gold ornaments. Gold Loan is the fastest and convenient way of solving all your problems.

Why one should choose Gold Loan  Meerut?

  1. A person should have a minimum of 20 Gram gold to avail the Loan
  2. Safe custody of your valuable asset
  3. Pay interest for the exact period of Loan.
  4. Higher Loan amount depending upon Purity
  5. Loans given in as little as five minutes
  6. Simplified paperwork
  7. Online application for the gold Loan

Gold Loan 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 time to time as well as person to person. 
1. The gold loan is available at 1% PM interest rate.
2. Gold Loan Interest rate - 10.70 %.
3. Moreover, offer low processing fee that is  0.85%.
4. Further, pre-closer charges range from  0 – 2 %.
 
 
 
Features of Gold Loan Meerut
  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 Jewelry
  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.

Eligibility

  1. Whether you are a salaried person, self-employed or a professional, Gold Loan is designed to suit your requirements.
  2. The minimum loan amount for taking a gold loan is Rs. 25,000. The maximum loan amount will depend upon the weight of the gold, profile of the customer, etc.
  3. Minimum age of applicant: 21 years
  4. Maximum age of applicant at loan maturity: 65 years
  5. Gold jewelry should be owned by the applicant or any of the family members.

Advantages

  1. No income and salary criteria
  2. 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.
  3. Can be provided in cases of bad credit history as well as low-income level
  4. 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.
  5. 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.
  6. 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.
  7. 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.

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

Documents Required for Gold Loan

  1. Land Proof: In case of Agriculture Loan of more than Rs. 1 lac. The 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 our website www.dialabank.com

About Meerut

Meerut is a city in Uttar Pradesh, India. It is an ancient city and also known as the "Sports City of India".

Other Cities Near Meerut where Gold Loan is Available

Gold Loan Bareilly Gold Loan Allahabad
Gold Loan Gorakhpur Gold Loan Aligarh
Gold Loan Kanpur Gold Loan Lucknow
Gold Loan Saharanpur Gold Loan Moradabad
Gold Loan Varanasi Gold Loan Sahibabad

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%