About Gold Loan

There are times when a person needs cash immediately. Such a situation, one can think to apply for a Gold Loan. It is a scheme where a person has to provide collateral to the lender and lender gives the money according to the value of the collateral. Gold Loan is easily available within a few minutes and with instant cash, you can fulfill all your dreams.

Why one should choose Gold Loan in Chamkaur Sahib?

  1.  No EMI, service only interest
  2. No credit checks
  3. Minimal Documentation
  4. Easy repayment schemes
  5. The Loan gets sanctioned in just a few minutes.
  6. The money is offered to the customer after a quick evaluation of gold.

Features of Gold Loan Chamkaur Sahib

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.

Gold Loan Chamkaur Sahib Eligibility

  1. First of all the age of the applicant should be more than 18 years.
  2. After that, the maximum age of the applicant can be 70 years.
  3. The applicant should be a citizen if India.
  4. The applicant should have gold more than 10 grams.

Documents Required for Gold Loan Chamkaur Sahib

  1. Proof of Identity:Aadhar Card/ Passport Copy/ Voters ID card/ Driving License.
  2. Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate. 
  3. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
  4. 2 passport sizecolored photographs.

Additional Documents Required:

The banks generally demand the above-given documents. However few banks demand someadditional documents, which are mentioned below:

  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.

 Interest Rate

Gold Loan Scheme

Loan Tenure / Period

The rate of Interest (p.m.)

TrueValue Loan

 12 months

1% p.m

 

About Chamkaur Sahib:

Chamkaur Sahib is a subdivisional town in Ropar district of Punjab. It is famous for the battle of Chamkaur. The major language spoken here is Punjabi.