If you are in need of loan and suffering from bad credit, you can go for Gold Loan. It is a loan that can be used by a person to mitigate all of the financial worries without any hassle. Gold loan is the only loan which is disbursed very quickly as compared to the other loans. It is due to the fact that gold loan does not require any lengthy paperwork or different types of credit assessment of the applicant.

You have to show up with gold more than 10gm in the bank, and after the evaluation of the gold and some necessary documentation, your loan will be processed under thirty to forty minutes. Also, the applicant is given a wide range of options to pay the interest depending upon your convenience.

About Gold Loan Jagraon

Why worry so much for higher education of your child. If you have gold, you can go for gold Loan. It is the best financial service available in the market. It is the fastest and most secured loan. The beauty of this loan is that it is sanctioned in within a few minutes. Gold Loan is the best way to turn your dreams into reality.

Read More - About Gold Loan

Gold Loan Jagraon Interest Rates

10.70% is the annual interest you can expect to get on gold loan which indeed makes up to less than 1% interest rate monthly. The interest rate gets decided by the evaluation of collateral by its weight and purity. You can close the loan before the tenure period by choosing foreclosure feature. By doing this, you will get the possession of your gold, and you will skip the remaining Emi’s and their respective interest rate amount. The Foreclosure charges range from 0-3% of the total loan amount.

 

Know More - Gold Loan Interest Rate

Why one should choose Gold Loan in Jagraon?

  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.

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

Eligibility for Availing Gold Loan jagraon

  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

Know More - Gold Loan: Factors to Remember

Following are the Features of Gold Loan

  1. The largest funds which the banks and NBFCs can give are of the value of Rs 1 Crore.
  2. The gold of the customers will be kept safe and secure with the banks.
  3. The loans can be withdrawn at any time whenever the applicants want.
  4. The rate of interest on gold loans is very minimal.
  5. The papers which are required in these debts are very less in numbers.
  6. The fast processing of these loans is another profit.
  7. The provision of the overdraft can be selected by the applicants and the rate of interest is payable only on the amount you use.

Know More -  Gold Loan Features and Benefits

Documentation For Gold Loan Jagraon

  1. Borrower Identity: Two passport size colored photographs
  2. Proof of Identity: Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.
  3. Residence Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
  4. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque

Additional Documents Required

  1. Land Proof: In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.
  2. Income proof: Salary Certificate and Form No.16.

How to Apply for Gold Loan Jagraon 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 Jagraon:

The City of Jagraon is a municipal council and it is a rural police district. It is a sub-part of the Ludhiana in Punjab State, India. It is more than 3 centuries old. It is situated at almost the geographical center of Punjab state which is 16 kilometers from the River Satluj.

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%