Are you thinking about taking a loan from the bank but don’t have enough CIBIL score?  Is your business suffering from financial loss and you are looking for some extra help? Then we are here to help. With Gold Loan Amravati you can get the required funds at a lower interest rate. In every Indian household, you will find gold in one form or the other. Thus, people can easily take this loan without having to worry about their CIBIL score or banking history. It is mandatory that an applicant must have gold to avail this loan.

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What is Gold Loan Amravati?

Money requirement is not an endless issue. A person needs funds for many reasons. Many times a situation comes in your life when your spending just exceed your monthly income. In this situation, you can take help of Gold Loans to avail fast cash and by providing no other security or documentation.

Read More - About Gold Loan

Gold Loan Amravati Interest Rates

10.70% is the minimum annual interest rate you can expect on these loans. As a result, the monthly rate of interest becomes less than 1%. It also comes with foreclosure facility meaning you can close the loan amount before the tenure ends allowing you to skip the remaining Emi’s and their respective interest rates. The foreclosure charges range from 0-3% of the total loan amount.

Know More - Gold Loan Interest Rate

Benefits of Taking Gold Loan Amravati

  1. See first of all, with a brand name such as Manappuram you don’t need to worry about any kind alteration or damage to your gold ornament. Manappuram keeps it keeps your collateral locked in their vault.
  2. Furthermore, the documentation process is faster than other loaning schemes; this is because an applicant is pledging gold ornament banks don’t rely on documents for the applicant’s evaluation.
  3. As a result, gold loan request gets approval in less than 30 minutes.
  4. The loan amount solely depends on the applicant’s collateral.
  5. As a result, you can expect the loan amount to be 70% of your collateral’s in market value.
  6. In addition to this, a gold loan is said to be one of the fastest ways can take the loan amount.
  7. Therefore, the disbursal of the loan takes place in less than 24 hours.
  8. Both salaried and self-employed are eligible to take this loan.

Know More -  Gold Loan Features and Benefits

Eligibiltiy for taking Gold Loan Amravati

Gold Loan is very easy to access; every person who has gold ornament weighing more than 10 grams is eligible to get a gold loan. But there are some more conditions that a customer needs to fulfill these are:

  1. First of all the age of the applicant should be more than 18 years. After that, the maximum period of the customer can be 70 years.
  2. The applicant is required to be a citizen of India.
  3. One more important thing is that customer should have gold weigh more than 10 grams.
  4. The purity of the gold should lie in between 18 karats to 22 karats.

Know More - Gold Loan: Factors to Remember

Required Documentation for Gold Loan Amravati

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

Advantages of Taking Gold Loan Amravati

  1. Convenient loan scheme.
  2. No credit checks.
  3. A person should have a minimum of 20 Gram gold to avail the Loan.
  4. Pre-closure facility.
  5. Less paperwork.

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

How to Apply for Gold Loan Amravati?

Online Process

You can apply for Gold Loan Amravati Online. The process of application is very easy as well as simple. Moreover, there are a few steps to apply for an online Gold Loan.
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.
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 loan from HDFC Gold Loan Branches. As well as to find a branch that is nearby, type Gold Loan near me on google search. After that Google will enlist all Gold Loan provider near your area.
Gold Loan Scheme Loan Tenure / Period Rate of Interest (p.a.)
TrueValue Loan  12 months 12.5 % to 15.5 %

About Amravati:

Amravati is a city in the state Maharashtra, India. It is the seventh most populated metropolitan area in Maharashtra. It is also the administrative headquarters of the Amravati district.

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%