Ever now and then, we find ourselves stuck in some financial problem in which we don’t know how to get out, so we find ourselves seeking help through different kind of aids available in the market. Gold loans is one that helps that an individual can avail to get remedy from his problem as this loan is provided by many financial companies with easy terms and conditions. A person who is not eligible for other loans due to his bad credit history and want money immediately can go for this loan option.
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What is Gold Loan?
Gold loan Thiruvallur Interest rate.
- The gold loan is available at 1% per month interest rate.
- Gold loan interest rate - 10.70 %.
- offer a low processing fee that is 0.85%.
- Pre-closer charges range from 0 – 2 %.
Eligibility criteria to apply for gold loan in Thiruvallur
- A person should have a minimum of 20 Gram gold to avail the Loan.
- No penalties are involved.
- In house gold evaluation.
- Available within a time period of 30-60 Mins.
- You can enjoy a maximum tenure period of 6 to 12 Months.
Documents Required for availing Gold Loan
- Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
- Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
- Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
- 2 passport size photographs.
CIBIL Score Matters in Gold Loan?
Key benefits of gold loan.
- Personalized Service: our relationship manager will provide you information you wish to know and will understand your problem as well. They will help you to find the most suitable gold loan offer.
- Comparison Rate: it is our concern to give you all the details regarding all the cost involved in taking the gold loan and will help you to find the best offer.
- Research: to help you to choose the product from the leading players in the market we do a detailed analysis.
- Zero Service Fees: Our Company charges zero percent of commission from its customer. We help you to find the right Gold loan deal at no extra cost.
- Transparent Research: we as a company treat each of our applicants equally, there is no biasness in our services and in the criteria of taking a loan.
How to apply online for Gold Loan?
Applying for the Gold Loan in Anantapur is effortless. So must take the benefit of evolved technology and apply for a Gold loan without going anywhere.
- Firstly, You have to visit the Online Gold Loan and need to fill up the application form.
- Secondly, Then Customer representative will contact you and confirm some of the details. Then they will let you know the eligibility and fix your appointment with the banker.
- In addition, you need to visit once at the time of submission of Gold. Finally, you will enter the bank with the Gold and exit with the sanctioned loan.
Thiruvallur is a town in Indian state of Tamil Nadu. It is located on the banks of cooum river from downtown chennai [Madras],In the western part of thr Chennai Metropolitan Area. It is one of the fastest developing suburbs in India.
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FAQs About Gold Loan
How does Gold Loan in 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.
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.
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.
To get a gold loan do I need a co-applicant?
No, to avail Gold loan you don’t need any co-applicant
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.
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.
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.