About Gold Loan

With increasing inflation and high-status lifestyle doesn’t allow you to save money these days. There are times when we need instant cash at that time do not forget about the gold kept in the locker. Unlock the value of gold and turn your dreams into reality. Gold Loan is the best loan option available in the market.

Why one should choose Gold Loan in Machhiwara?

  1. No hidden charges
  2. Fast Loan Approvals
  3. Simple documentation and fast processing
  4. Overdraft limit varies depending on the market rate of gold
  5. The interest rate is payable the only amount of the overdraft that you use

Following are the Features of Gold Loan:

  1. The amount of Rs 1 Crore can be approved in gold loans.
  2. The gold ornaments will remain more secure in the hands of banks and NBFCs than in your lockers.
  3. The loan amounts can be taken out at any time.
  4. The rates of interest on gold loans are minimal for the people who want to make its usages in agriculture.
  5. The papers which are required by the lenders are low in counting.
  6. The processing time of the gold loans is only a few minutes, fastest of all.
  7. The over drafting can be a profit for the applicants.

Rate of Interest for Gold Loan Machhiwara

  1. Interest rate starts at 10.5% p.a.
  2. Loan tenure is in between 1 and 4 years.
  3. The pre-closure charge of these loans is in between 0% and 2% of the outstanding loan value.

Eligibility for Gold Loan Machhiwara



Minimum: 18 year

Maximum (at loan maturity): 70 year

Gold requirements

Minimum 10 gram of gold

Loan Amount

Minimum: 15k

Maximum: No Limit



Employment Status




Documents required For Gold Loan Machhiwara

  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

The banks generally demand the above-given documents. However few banks demand some additional documents which are as follows

  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.

About Machhiwara:

The City of Machhiwara is a Nagar Panchayat in the Ludhiana district of Punjab State, India. It is famous for Gurudwara Sri Charan Kanwal Sahib named after the Guru's feet that are compared to the lotus flower.

How to Apply?

Apply online on www.dialabank.com

Check the eligibility        

Call the helpline number 600-11-600 or 95920-46860

Visit the bank

Submit all the documents

Get the loan

We assure you that we will provide you with the lowest interest rate on your gold as compared to others call us 95920-46860 for more details.