Gold is the most valuable metal and its price is increasing day by day. There are many people who took the benefit of their gold in their bad times by applying for Gold Loan. This loan requires you to submit the jewelry to the lender and the lender will provide you money according to the market rate of gold. Gold loan is usually a suitable option for those who need immediate cash and want to avoid the lengthy process of paperwork and other required formalities while availing any other type of loan.

Because in the gold loan you have to have at least 10 gm of gold and after the proper valuation of gold in the bank, your loan will be processed under just 30 minutes. The whole process is hassle-free, and the precious gold will be kept in the secured bank lockers like HDFC Bank, YES Bank till the tenure of the gold loan.

About Gold Loan Bhusawal

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.

Read More - About Gold Loan

Gold Loan Bhusawal Interest Rates

  1. 10.70% is the annual interest rate you will be getting on these loans.
  2. Therefore, if you calculate your monthly interest rate will come out to be less than 1%.
  3. In addition to this, the gold loan tenure period starts from 6 months and can last up to 5 years if required.
  4. You can close your loan before the tenure period by availing foreclosure feature.
  5. The foreclosure charges range from 0-3% of the total loan amount.

Know More - Gold Loan Interest Rate

Eligibility for Taking Gold Loan Bhusawal

  1. The minimum loan amount for taking a gold loan is Rs. 18,000. The maximum loan amount will depend upon the weight of the gold, profile of the customer, etc.
  2. First of all the minimum age of applicant: 18 years
  3. After that the maximum period of the applicant at loan maturity: 70 years
  4. Gold jewelry should be owned by the applicant or any of the family members.

Know More - Gold Loan: Factors to Remember

Required Documents for Gold Loan Bhusawal

  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. Two passport size photographs.

Know More  Factors to keep in mind before availing a Gold Loan

Following most sutable offer for Gold Loan Bhusawal

  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 Cheapest Offer.
  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 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.

Features of Gold Loan Bhusawal

  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 andhttps://www.dialabank.com/gold-loan.cfmhttps://www.dialabank.com/gold-loan.cfm
  8. Overdraft limit varies depending on the market rate of gold.
  9. Interest rate is payable only amount of the overdraft that you use.

Know More -  Gold Loan Features and Benefits

Advantages of Taking a Gold Loan Bhusawal

  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 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.

How to Apply for Gold Loan Bhusawal 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 Bhusawal

The city of Bhusawal is a municipal council in Jalgaon district, the state of Maharashtra. It had a population of 204,016. It is located on the bank of Tapi river, is the biggest taluka of Jalgaon 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%