Are you looking for a loan which comes with the lowest interest rate?  Is your business suffering from a financial crisis? Are thinking about expanding your business but don’t want to risk your savings? Then we have a solution for you with gold loan Rewari you can full-fill all your dreams without having to worry about massive interest rate amount. In addition to this, as you pledge collateral against the loan amount the interest rates are quite low. As a result, this loan is one of the most availed loaning schemes of all time.

Gold Loan Hoshiarpur

Life is not a bed of roses; there are times when your financial status is not supporting you. Don’t worry. Go for Gold Loan. It is the best way to turn your dreams into reality. It is the fastest and most secure loan available in the financial market.

If you are looking for a loan, then the gold jewelry lying in lockers can help you in arranging finance. Nowadays, banks are offering Gold Loans that require you to place gold ornaments as security with the lender, and you get instant cash against it.

Read More - About Gold Loan

Gold Loan Hoshiarpur Interest Rates

10.70% is the minimum annual interest rate you can expect on these loans. As a result, the monthly rate of interest becomes less than 1%. It also comes with foreclosure facility meaning you can close the loan amount before the tenure ends allowing you to skip the remaining Emi’s and their respective interest rates. The foreclosure charges range from 0-3% of the total loan amount.

 

Know More - Gold Loan Interest Rate

What is Gold Loan?

Gold Loan is the best financial tool that helps an individual to cater the required amount of money without any hassle. A person who is not eligible for any other loan can apply for Gold Finance. Taking Loan against Gold is the best option to overcome all of the financial issues.

Why one should apply for Gold Loan in Hoshiarpur?

  1. Minimal Documentation
  2. No EMI, service only interest
  3. In-house gold evaluation
  4. Available within a time period of 30-60 Mins
  5. You can enjoy a maximum tenure period of 6 to 12 Months.
  6. Fast Loan Approval
  7. A person should have a minimum of 20 Gram gold to avail the Loan.
  8. No penalties are involved.
  9. Easily available
  10. No credit checks
  11. Simple Procedures

Benefits of taking Gold Loan Hoshiarpur

  1. Personalized Service - Our trained Relationship Managers will understand your requirements and your profile and help you find the most suitable Gold Loan offer.
  2. Rate Comparison - We help you understand the details of all costs involved in taking a Gold Loan and help you find the Cheapest Offer.
  3. Research - Benefit from our detailed research on all the products from the leading Gold Loan players in the market and make the right choice.
  4. Zero Charges - Dialabank offers personalized service to its customers at zero fees. Use our services to find the right Gold Loan deal at no extra cost.
  5. Unbiased and Transparent Search - Our objective is to simplify your Gold Loan search and we provide information in an unbiased and transparent manner.

Know More -  Gold Loan Features and Benefits

Gold Loan Eligibility Criteria

The minimum loan amount for taking a gold loan is Rs. 25,000. The maximum loan amount will depend upon the weight of the gold, profile of the customer, etc.

  1. Minimum age of applicant: 21 years
  2. Maximum age of applicant at loan maturity: 65 years
  3. Gold jewelry should be owned by the applicant or any of the family members.
  4. Attractive interest rates
  5. Safety and security of your gold jewelry
  6. Flexible repayment options
  7. No hidden charges

Know More - Gold Loan: Factors to Remember

Advantages of Taking a Gold Loan in Hoshiarpur

  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 the 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.

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

 Documents Required for Gold Loan

  1. Proof of Identity: Passport Copy/ Voters ID card/ Driving License/Adhaar card/PAN card.
  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 lakh 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.

How to Apply Gold Loan Hoshiarpur 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.

Know More - Best Gold Loan Services

About Hoshiarpur

Hoshiarpur is a city and municipal council district in the state of Punjab, India and one of the oldest districts of Punjab. Hoshiarpur is in the Doaba region of Punjab.  It was founded, according to tradition, during the early part of the 14th century.

Know More - Gold Loan Near Me

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%