About Gold Loan

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. Gold Loan is the only loan in the market which could be available within 5 to 10 minutes with an ease. In India, several lending institutions, private banks, and credit unions are available that provide Loan against Gold at low interest rate. 

Gold Loan Interest Rates

  1. The 10.5% is the starting of the interest rate which is being asked by the banks.
  2. The 4 years of time is usually granted in these loans.
  3. Why should one choose Gold Loan in Auraiya?
  4. The loans do have the convenience of pre-payment of the amount.
  5. A few documents are needed in this loan.
  6. Rs 18,000/- is the smallest amount which can be given in these loans.
  7. There no fines are asked in these loans.

 

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

Borrower Identity

Two passport size colored photographs

Proof of Identity

Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.

Residence 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

Other Documentation

Additional Documentation

Land Proof

In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not necessary for allied agriculture purposes.

Demand Promissory Note

Certificate by the Jewel Evaluator(Bank will arrange).

Income proof

Salary Certificate and Form No.16.

Features and Benefits

Following are the Features of Gold Loan:

  1. The lenders provide Rs 1 Crore as the greatest amount in these loans.
  2. Greater safety and security will be provided by the lenders to your gold.
  3. Anyone can apply for these loans at any time they want.
  4. The rates of interest will be reduced for the loan amounts which are being used for agriculture.
  5. The minimum number of documents is provided in these loans.
  6. The processing time in these loans is of a few hours.
  7. The over drafting can be a help for the applicants for saving the money.

About Auraiya

The City of Auraiya is a municipal board in the Indian state of Uttar Pradesh in Auraiya district. It is the district headquarters as well. Dibiyapur RS is nearest Railway Station. Kanpur Airport is the nearest airport. On 17-09- 1997, 2 tehsils named Bidhuna and Auraiya were separated from district Etawah to form the new district named as Auraiya. It is located on National Highway no. 2 and 64 km. in the east of district headquarter of Etawah and 105 km. in the west of Kanpur city.