Are you in urgent need of financial help but not able to decide which loan to take? Looking for a way to get fundings for your daughter’s higher education? Thinking about buying a new machine for your business to increase productivity but don’t have enough funds? Then we are here to help. With Gold Loa Kaithal you can get rid of all your financial worries in a short amount of time. With this loaning scheme, you can provide financial aid to yourself. This loan is said to be one of the most availed loaning schemes of all time. You can get this loan anytime you want as it does not require any credit score limitations.

About Gold Loan Kaithal

Gold Loan is the simplest and most secured loan. It is the most convenient loan option available in the market. All you need to do is pledge your gold with a financial lender and turn your dreams into reality. The rate of interest offered with gold loan is quite low.

Read More - About Gold Loan

Gold Loan Kaithal Interest Rates 

  1. Gold Loan interest rates usually 1% per month.
  2. Besides that, the quality and weight of the gold ornaments also pay a significant role while deciding the gold loan interest rates.
  3. Even, you can close your loan before the tenure period by providing the pending loan amount along with foreclosure charges.
  4. By using this facility, you can easily save a couple of bucks as you skip the remaining Emi’s and their respective interest rate amount.
  5. Furthermore, the tenure period of the gold loan is six months to 5 years.
  6. There are no or almost negligible processing charges.
  7. The foreclosure charges range from 0-3% of the total loan amount.

Know More - Gold Loan Interest Rate

Why Gold Loan is the best loaning option?

  1. See, Manappuram is a household name in a gold loan. Thus, you don’t need to worry about your gold being altered or being stolen, etc.
  2. No hidden charges
  3. Fast Loan Approvals
  4. Easy repayment schemes.
  5. Also, they provide the lowest interest rate in comparison to any other NBFCs and Banks.
  6. In addition to this, the gold loan comes with minimal documentation process as it’s a secured loan.
  7. The loan amount depends on the collateral gold. Therefore, you will be getting around 75% of your gold in market value as the principal amount.

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

Eligibility for taking 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

Know More - Gold Loan: Factors to Remember

 Benefits of Gold Loan over Personal Loan 

  1. First, it has a flexible repayment technique.
  2. Secondly, assured the security of your Gold jewelry.
  3. The borrower gets a flexible repayment structure with a gold loan.
  4. This type of Loan requires less documentation. So it makes the process simple and easy.
  5. The processing time takes for approving the loan is lesser than other types of loans. So it is the best option when you need immediate financial help.
  6. The interest rate charged by the lenders is much lower when compared to any other type of loans.
  7. The applicant of the loan is not required to disclose his income or salary. Non-working individuals can also take up a gold loan.
  8. In addition to this, these loans come with quick Loan disbursal you can expect your credit to get disbursed in less than 24 hours.
  9. The Loan amount starts from Rs 18,000 and can go up to 1 core. As a result, these loans can help you with both your big and small financial needs.

Know More -  Gold Loan Features and Benefits

Documentation required for availing Gold Loan Kaithal

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

Why one should choose Gold Loan in Kaithal?

  • No need of the cosigner
  • Less processing charges.
  • No hidden charges.
  • Fast Loan disbursal.
  • No credit checks.
  • No co-signer needed.
  • Prepayment facility.

How to Apply Gold Loan Kaithal 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 Kaithal:

The City of Kaithal is a municipal council in Haryana State, India. It was before a part of Karnal District and later, Kurukshetra District until 1-11-1989. It shares the general boundary with Patiala, Kurukshetra, Karnal, and Jind.

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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%