Gold Loan is the best option available for the loan seekers at very best interest rates. Several financing authorities are available in market dealing with these Loans. The borrower should go for the best deal with the best offer available.

About Gold Loan Amalner

See gold loan is nothing but a financial product in which bank and NBFC provide required funds to the borrower by taking in possession of their gold ornament as a security against the principal loan amount. This said the gold loan is one of the most availed loaning scheme of all time as the borrower is free to use the loan amount in any way he/she wants bank has no restriction on the loan expenditure. You can apply for this loan online and save your precious time.

Read More - About Gold Loan

Gold Loan Amalner 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

Interest Rates

Starting @ 1% per month

Collateral Required

Gold Jewellery / Gold Bars

Loan Tenure

6 Months / 12 Months (can be renewed up to 3 Years)

Max Funding

Up to 90% of Gold Value

Pre Closure Charges

0 % to 2 % of the outstanding loan amount

 
 

Following most suitable offer for Gold Loan Amalner:

  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 best Offer on these loan.
  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.

Gold Loan Amalner Eligibility

  1. First of all the age of the applicant should be more than 18 years.
  2. After that, the maximum age of the applicant can be 70 years.
  3. The applicant should be a citizen if India.
  4. The applicant should have gold more than 10 grams.

Features of Gold Loan Amalner

Following are the Features of Gold Loan Amalner:

  1. You can avail Loan up to Rs.1 Crore& up to 90% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery / Bars
  3. Get your loan processed in 30 minutes
  4. Enjoy Anytime Liquidity
  5. No EMI, Service only Interest and enjoy the Loan facility
  6. Lower Interest Rates
  7. Simple documentation and fast processing.
  8. Overdraft limit varies depending on the market rate of gold.
  9. The interest rate is payable the only amount of the overdraft that you use.

Know More -  Gold Loan Features and Benefits

Advantages of Taking a Gold Loan Amalner

Following are Best Advantages of Gold Loan Amalner:

  1. No income and salary criteria- Gold loans do not require any qualifications for income or salary of the person. So even if you are unemployed and unsalaried you can still avail of a gold loan. This is because you are pledging a valuable asset, gold in return of the money.
  2. Available also in case of bad credit history or low-income level.
  3. Relatively Lower interest rates- The another advantage of taking a gold loan is that they are available on 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 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 90% 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

Required Documents for Gold Loan Amalner

Required the following important Documents for the Gold Loan Amalner:

  1. Identity Proof (Passport Copy/ Voters ID card/ Driving License).  
  2. Proof of Address (Ration card/ Tel, Electricity.Bill/ Rental Agr./ Passport copy/ Trade license /Shop & Est. License/Sales Tax certificate). 
  3. Signature Verification Proof (Passport Copy/Driving License/Banker's verification/cheque) 
  4. 2 passport size photographs.

Know More - Gold Loan: Factors to Remember

Offline Process

The applicant also has an option to avail a Gold Loan from the nearby branches. To do so, search Gold Loan near me on google. It will enlist all the nearby branches from where you can avail the loan. Then, you will have to visit again and again until the loan approval. Thus, it can be a very tiring and time-consuming process. You can avail this loan from banks and NBFCs near you. As well as to find a branch that is nearby, search Gold Loan near me. Google will enlist all the Gold Loan providers near you.
 

About Amalner

The city of Amalner is a municipal council in Jalgaon district, the state of Maharashtra. It is situated on the bank of the Bori River. It is the birthplace of the Wipro Company. Amalner had a population of 91,456.

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%
 

 

 

 

 

 

 

 

 

 

 

 

 

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.