About Gold Loan

Loan Against Gold or Gold Loan is the fastest and stable type of loan. Consumers get money uprightly, just after submitting their papers in the financial institutes.

Why one should choose Gold Loan in Chhatral?

  1.  Fast Loan disbursal.
  2. No credit cheques.
  3. No co-signer needed.
  4. Prepayment facility.
  5. Fast Loan Approvals.

Gold Loan Chhatral Eligibility

  1. Minimum Age of the Applicant- 18 Years
  2. Maximum Age of the Applicant- 70 Years
  3. Minimum Amount you can take by pledging your Gold Ornaments- INR 18000
  4. The minimum amount of Gold for your Cash disbursal of INR 18000 is 10 gms
  5. The purity of the pledged Gold should be between 18 karats to 22 karat
  6. The gold ornaments against which you are asking for a loan should be owned by the borrower or his/her family members.

Features of Gold Loan Chhatral

Following are the Features of Gold Loan:

  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

Following are the Advantages of a Gold Loan:

  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 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.

Interest Rates

Gold Loan Scheme

Loan Tenure / Period

The rate of Interest (p.a.)

TrueValue Loan

 12 months

12.5 % to 15.5 %

 

About Chhatral :

The Chhatral is a town in Gujrat. It is very easy to apply for a gold loan online in Chhatral. Visit www.dialabank.com. Call 9592046860 to get more information.