Gold Loan Dhand

If you are in urgent requirement of cash, you should go for Gold Loan. Sanctioning of this loan requires only a few minutes. It offers the safety of your gold. Your gold will be kept in the bank in a safety lockers till you pay the lump sum amount taken. 

 Why one should choose Gold Loan in Dhand?

  1.  Easy repayment schemes.
  2. No hidden charges.
  3. Fast Loan approvals.
  4. 100% Safety & Security of your Gold Jewellery.
  5. Get your loan processed in 30 minutes.

Eligibility Criteria Gold Loan Dhand:

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 18 years

Maximum (at loan maturity): 70 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

Salaried

Self-employed


Features of Gold Loan Dhand:

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.  Lower Interest Rates
  6. Simple documentation and fast processing.
  7. Overdraft limit varies depending on the market rate of gold.
  8. The interest rate is payable the only amount of the overdraft that you use.

Advantages of Taking a Gold Loan Dhand:

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.

 Documents Required for Gold Loan

  1. Proof of Identity: 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 size photographs.

Additional Documents Required:

The banks generally demand the above-given documents. However few banks demand some additional 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. 

 Gold Loan Interest Rate

Bank

Gold Loan Interest Rate

Get The Best Offer

Muthoot Finance

12.00% - 24.00%

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Manappuram Gold Loan

12.00% - 26.00%

Apply Now

HDFC Bank

10.00% - 15.50%

Apply Now

ICICI Bank

10.00% - 16.50%

Apply Now

State Bank of India

13.95% - 14.45%

Apply Now

 

About Dhand:

The City of Dhand has a Temple of associates which goes back to 1695 AD, situated at the village Pohir District Ludhiana. Dhand is about 30 km from Ludhiana on Ludhiana Malerkotla Road.