About Gold Loan

The loans which are given to the people on the basis of the gold collaterals are called gold loans.

The banks and NBFCs are providing the loans and keeping the gold safe to make the lives of the people safer and easier.

The loans might have the same values as of the gold.

Gold Loan Interest Rates:

Check the Interest Rates for Gold Loan.

  1. The rate of the interest in these loans begins at 10.5% p.a.
  2. The time of the loan is 1 to 4 years.

Why should one choose Gold Loan in Aonla?

These loans can have the provisions of pre-closures that means you can close the loans before the maturity of these loans.

Very less of the applicant’s papers are needed in these loans.

The least value of these loans can be of Rs. 18,000/-

The penalties in these loans are eliminated

Gold Loan Interest Rate

 Interest Rate

Gold Loan interest rate

10.50% onward

Processing fee

1.50%

Lone Tenure

3month to 36month

Loan Amount

RS.18k to RS. 1cr

The purity of eligible gold

18carat to 22carrat

 

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

Eligibility

ELIGIBILITY

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 21 years

Maximum (at loan maturity): 60 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

Salaried

Self-employed 

Documentation

  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

Other Documents

  1. Land Proof - In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not nessasary for allied agriculture purposes.
  2. Income proof- Salary Certificate and Form No.16.

Features and Benifits

Following are the Features of Gold Loan:

  1. Rs 1 Crore can be availed in these debts.
  2. The securities of gold promises will be more than ever with the lenders.
  3. The loans can be taken into the life at anytime and anywhere they want.
  4. These loans are given to the applicants on the low-interest rates.
  5. The count of documents which are needed for these loans is lesser than any other loan.
  6. The loans are available in just few minutes.
  7. The gold loan in Aonia has the facility of overdraft.

About Aonla

Aonla is a city and a municipal board in Bareilly district in the state of Uttar Pradesh, India.  It had a population of 45,263 (As of 2001 India census )Males constitute 52% of the population and females 48% and an average literacy rate of 79%, higher than the national average of 59.5%; with 91% of the males and 69% of females literate. 15% of the population is under 6 years of age