About Gold Loan

If you are looking for a finance option to meet the emergency requirements of life, then you can consider availing a Gold Loan in Anjar.

It is a scheme that requires gold assets to be pledged as collateral with the lender.

The loan is a multipurpose scheme that can be used for any purpose according to the requirement.

Why one should choose Gold Loan in Anjar?

  1. No co-signer needed.
  2. Prepayment facility.
  3. Flexible preclosure way.
  4. Premiums calculated on daily reducing balance.
  5. Fast Loan Approvals

Rate of Interest And Other Charges

Interest Rate

Gold Loan interest rate

10.50% onward

Processing fee

1.50%

Lone Tenure

3month to 36month

Loan Amount

RS.18k to RS. 1cr

The purity of eligible gold

18carat to 22carrat

 

Collateral Required

Gold Jewellery / Gold Bars

Loan Tenure

6 Months / 12 Months (can be renewed up to 3 Years)

Max Funding

Up to 90% of Gold Value

Pre Closure Charges

0 % to 2 % of the outstanding loan amount

 

Eligibility

ELIGIBILITY

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 21 years

Maximum (at loan maturity): 60 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

Salaried

Self-employed 

Documentation

Documentation

Borrower Identity

Two passport size colored photographs

Proof of Identity

Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.

Residence Proof

Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.

Signature Proof

Passport Copy/Driving License/Banker's verification/cheque

Other Documents

Additional Documentation

Land Proof

In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not necessary for allied agriculture purposes.

Demand Promissory Note

Certificate by the Jewel Evaluator(Bank will arrange).

Income proof

Salary Certificate and Form No.16.

Features and Benefits

Following are the Features of Gold Loan:

  1. The greatest funds which the banks and NBFCs can be of the amount of Rs 1 Crore.
  2. The gold of the applicants will be kept safely and securely with the banks.
  3. The loans can be applied at any time whenever you want.
  4. The rate of interest on these loans is lower than any other loan.
  5. The documents which are required in these loans are very less.
  6. The fast processing of these loans is also an advantage.
  7. The facility of the overdraft can be opted from the lenders and the rate of interest is chargeable only on the part of the amount you use.

About Anjar:

The town of Anjar is a municipality in Kutch district, the state of Gujarat. Anjar is situated nearly 10 miles from the Gulf of Kutch. It is the oldest city in Kachchh. Vasanbhai Gopalbhai Ahir is the M.P from Anjar.