Need immediate cash to tackle the imminent financial crisis? Then don’t worry because the gold loan is the only loan which is processed under 30 mins. And the loan amount will be credited directly into your account which can be directly used for any financial requirement and the paperwork is very less, and the loan disbursement generally happens under 30 minutes. Gold Loan is a loan which requires the borrower to pledge the ornaments as a security to the lender.

This loan offers you instant cash when you are in an emergency. This loan can be used as a multipurpose loan that can help you to tackle all types of financial problem.

About Gold Loan Ferozpur

Gold Loan is specially designed for those people who need quick cash for their sudden economical needs. Gold Loan is the financial assistance offered by banks against the gold asset owned by your. It is a loan available with simplified procedures and fewer hassles.

Read More - About Gold Loan

Gold Loan Ferozpur Interest Rates

10.70% is the minimum annual interest rate you can expect on these loans. Therefore, the monthly interest rate would end up being lower than 1%. Also, you can foreclose your mortgage by paying the preclosure charges. In addition to this, the required loan amount is also a factor while determining the gold loan interest rates.

Know More - Gold Loan Interest Rate

Eligibility for avaling Gold Loan 

  1. Applicant’s Age must be above 18 years and below 65 years
  2. Applicant must be an Indian citizen
  3. Minimum gold must be 10 gm to avail gold loan 
  4. Gold must be between 18 carats to 22 carat
  5. A gold loan can be availed only on jewelry

Benefits of taking Gold Loan Ferozpur

  1. In-house gold evaluation.
  2. Improves customer service in short response.
  3. Safe custody of your valuable asset.
  4. Pay interest for the exact period of Loan.
  5. Higher Loan amount depending upon Purity.

Know More -  Gold Loan Features and Benefits

Documentation required for availing Gold Loan

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

Why Gold Loan is the best loaning option?

  1. See gold loan comes with lowest interest rates along with hassle-free documentation process.
  2. Also, if your application meets all the criteria, your loan gets approval within 15 minutes of applying.
  3. After that, no credit checks are required.
  4. Likewise, minimal Documentation is required to get a gold loan.
  5. In addition to this, secure repayment schemes
  6. The documentation process is very less in a Gold Loan.
  7. The interest rates are much low than the personal loan.
  8. The applicant can choose the tenure of the loan according to their convenience.
  9. Furthermore, the bank/ nonbanking financial company provides fireproof security to the gold ornaments of the customer.

Know More -  Gold Loan Features and Benefits

How to Apply Gold Loan Ferozpur Online?

  1. Firstly, visit our website that is Dialabank
  2. Secondly, the applicant has to fill a form Online which involve necessary information.
  3. After this, you will get a call back from our Relationship Manager to clear all doubts as well as to assist you in the entire process of the Gold Loan.
  4. Next, the applicant can check his /her eligibility for further clarification of the approval of a gold loan.
  5. Moreover, Submit all the documents need as proofs in the bank.
  6. Gold loan is approved in some minutes and disbursed within a day.
  7. Lastly,  call us directly for any quires at 9592046860, to clear any doubts.

Why one should choose Gold Loan in Ferozepur ?

  • The Loan gets sanctioned in just few minutes.
  • The money is offered to the customer after a quick evaluation of gold.
  • It is free from the hassle of long paperwork.
  • Low interest rates.

Know More - Top Reasons why Gold Loan is the best borrowing option

About Ferozepur:

District of Ferozepur is one of the 22 districts in the state of Punjab in North-West Republic of India. The surface is level with the exclusion of a few sand-hills in the south & south-east.

FAQs About Gold Loan 

  1. How does  Gold Loan work?
     Loan on gold is very simple to understand. The Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.
  2.  Gold Loan is secured?
    Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.
  3. What happens when you don’t repay a Gold Loan?
     If the borrower is unable to return the gold loan on time, then the bank is liable to sell his gold ornaments.
  4. To get a gold loan do I need a co-applicant?
     No, to avail Gold loan you don’t need any co-applicant 
  5. Is Gold loan better than a Personal loan?
    Yes, a Gold loan is better than personal Loan because in Gold Loan banks/NBFC's takes Gold ornament as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.
  6. What is the best online platform to avail gold loan?
    Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.
  7. Is there any fee payable for the Gold Loan?
    Yes, you have to pay the loan processing fee (non-refundable) as well as Valuation fee.

Gold Loan Interest Rate of Different Banks - Updated on 2019

Bank  Gold Loan Rate 
HDFC Bank 10.75%
Yes Bank  10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan  12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%