About Gold Loan

The beauty of Gold Loan is that it is the most secure and low-interest loan available in the market. This loan can be taken by any person of any class. It is the fastest way to get instant cash against gold.

 Why one should choose Gold Loan in Badgam?

  1. Easy repayment schemes.
  2. No credit checks
  3. Minimal Documentation
  4. Easy repayment schemes
  5. The Loan gets sanctioned in just a few minutes.

No hidden charges.  

The 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

 

ELIGIBILITY

Age

Minimum:18 year

Maximum: (at loan maturity): 60 year

Gold requirements

Minimum: 10 gram of gold

Loan Amount

Minimum:15k

Maximum: No Limit

Citizenship

Indian

Employment Status

Salaried

Self-employed 

 

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.

Income proof

Salary Certificate and Form No.16.

Features and Benefits

Following are the Features of Gold Loan:

  1. The cost of Rs. 1 Crore can be availed in these loans.
  2. The gold deposits will remain secure and sound with the lenders.
  3. The availability of a gold loan is forever.
  4. The low rate of interest is available on these loans. If these loans are used for agricultural businesses then this loan can be of lower rates of interest.
  5. Vey fewer count documents are required for the loans.
  6. The processing of these loans can be completed in hours.
  7. The facility of overdrafting is also available.

About Badgam:

The City of Budgam District is the state of Jammu & Kashmir, India. Its headquarters is Budgam and it was produced in 1979