Your every dream will be possible with Gold Loan. The yellow metal is purchased by every family in every festive season. Gold signifies the status of an individual. In this, no credit checks are required. It is the net loan available in the market with less hassle and trouble. Get instantly financed for all your dreams. You can use the Gold Loan to fulfill your personal needs. You can start a new business by using the given amount of loan. Farmers can use the gold loan for agricultural purposes. You can also use this amount of loan to get over the financial crises. This loan can also apply for educational purposes.

Gold Loan Mumbai 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 Mumba 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    
 
 

Who can get a gold loan?

The person with 10 gram of Gold can avail Gold Loan.

Know More - Gold Loan and Loan Against Property

Why should one choose Gold Loan Mumbai ?

  1.  Less processing charges.
  2. No hidden charges.
  3. Fast Loan disbursal.
  4. No credit checks.
  5. No co-signer needed.
  6. Prepayment facility.

Gold Loan in Mumbai 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 In Mumbai 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.

 

Gold Loan Features In Mumbai

  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.

 

How to Apply?

  1. A person can easily apply online on www.dialabank.com.
  2. The process is very easy and hassle-free.
  3. The documentation process is very less as well.

 

About Mumbai

Mumbai is one of the most populated cities of India. The city is in Maharashtra. The population of the city is 1.84 crores. Mumbai is also a heart of Bollywood film industry and it is one of the Metro Cities in India. To get Gold Loan in Mumbai is very easy when you apply through Dialabank. We offer you the lowest interest rate as compared to others in the market. Call us 9592046860 or  (enter area) 60011600 for more details.

 

Difference Between a Personal Loan and a Gold Loan

A personal loan comes into the category of unsecured loans however a gold loan is a secured loan. The consequence of this is the rates of interest of a personal loan are quite high because of high risk.

  1. Firstly, bank provides a gold loan at very low rates of interest. The Interest Rate is 11% per annum and onwards.
  2. Next, Loan processing charges are 1 percent plus GST.
  3. Also, Valuation Fee will be Rs. 250 for a loan up to Rs 1.5 lacs and Rs. 500 for a loan which is over and up to Rs. 1.5 lacs.
  4. Furthermore, Foreclosure charges: If closed within three months then it will be 2 percent with GST foreclosure charges and if closed within six months later it will be 1 percent plus GST foreclosure charges.
  5. Moreover, Charges you pay for late loan payment, are 2 percent per annum as penal interest over and up to interest rate.
  6. Besides, Renewal processing fees will more than Rs. 350 including tax.
  7. Finally, Prepayment or part payment charges will be more than 2 percent including GST (within three months).

 

Bank

 Interest Rates
HDFC Bank Gold Loan 10.00% - 14.50%
ICICI Gold Loan 10.00% - 16.10%
Muthoot Finance Gold Loan 12.00% - 24.00%
Axis Bank Gold Loan 14.50% - 17.00%
Manappuram Gold Loan 19.00% - 26.00%
Yes Bank Gold Loan 10.00% - 15.99%
Bank of India Gold Loan 19.00% - 26.00%
Federal Bank Gold Loan  11.75% - 13.50%
IIFL Gold Loan 12.00% - 12.00%
Central Bank of India Gold Loan 12. 90% - 14.65%
Canara Bank Gold Loan 12.65% - 12.65%
Andhra Bank Gold Loan 11.70% - 10.45%
Induslnd Bank Gold Loan 11.15% - 15.75%
PNB Gold Loan 10.75% - 11.75%
Bajaj Finance Gold Loan 14% - 26%
Bandhan Bank Gold Loan 11.5% - 14.5%
DCB Bank Gold Loan 14% - 16%
SBI Gold Loan 11.05%-15%
Indian Bank Gold Loan 10.00% - 15.99%
UCO Bank Gold Loan 19.00% - 26.00%
Kotak Mahindra Bank Gold Loan 11.75% - 13.50%
Syndicate Bank Gold Loan 12.00% - 12.00%