Have you been thinking about applying for a loan but don’t know which one is the best? Is your business suffering from significant financial loss and you need funds? Is your son is getting married, and you need extra cash liquidity to funds wedding expenditure? Then we have a solution for you. With a little help from Gold Loan Balotra, you can quickly get rid off from all your financial worries in no time. As you need to provide collateral, this loaning scheme is said to be a secure way of taking a loan amount from the bank. You can use your gold pendants, your gold earrings as collateral against the principal amount of loan.

About Gold Loan Balotra

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.

Read More - About Gold Loan

Gold Loan Balotra Interest Rates

Gold Loan interest rates are usually 1% per month. However, these rates change from time to time. Besides that, the quality and weight of the gold ornaments also pay a significant role while deciding the gold loan interest rates. In addition to these, the required loan amount is also a factor while determining the gold loan interest rates.About Balotra

 

Benefits of Taking Gold Loan Balotra

  1. See it has the lowest interest rate in comparison to other loaning schemes.
  2. The documentation process is fast. Thus, your loan gets approval within 15 minutes of applying.
  3. Also, it comes with foreclosure ability meaning you can close the loan before the tenure period ends.
  4. The foreclosure stays in between 0-3% of the total loan amount.
  5. In addition to this, a gold loan is one of the fastest ways one can get the funds from a bank and NBFC.
  6. As a result, the disbursal of the loan takes less than 24 hours to complete.
  7. Furthermore, you can expect to get the loan amount to be around 80% of your collateral’s actual in market value.

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

Eligibility for applying Gold Loan 

  1. See your age should be in between 18 years to 65 years at the time of applying.
  2. Also, the gold which you are pledging against the loan amount should be more than 10 grams
  3. In addition to this, the purity of collateral gold should be in between 18 Karats to 22 Karats.
  4. Your gold should not be in raw form.

Know More - Gold Loan: Factors to Remember

Documentation required for avaling Gold Loan Balotra

  1. First of all one proof of identity is needed to apply for a Gold Loan.
  2. Identity Proof: Aadhar card/PAN Card/ Driving License/Voter ID Card.
  3. After that one residence proof is required to get a Gold Loan.
  4. Address Proof: Aadhar card/PAN Card/ Driving License/Voter ID Card/ Ration Card
  5. If the applicant is living on rent, then the following documents can be accepted as proof of residence.
  6. For Rental: Rent Agreement on the name of the applicant or utility bills of the last three months with the name of the applicant.
  7. For Own Property: Address proof such as Aadhar Card or Voter ID Card
  8. One copy of PAN Card
  9. Passport sized colored photographs.

Know More -  Things to keep in mind before availing a Gold Loan

Why Apply for Gold Loan Balotra with DialaBank?

  1. See with DialaBank you can easily apply for a gold loan without having to go anywhere.
  2. Also, when you apply for a gold loan with us, we make sure you get the lowest interest rates.
  3. Our RM are specially trained to provide answers to your loan queries.
  4. In addition to this, your loan request will always get backed by the financial professional.
  5. DialaBank will find the best deals and offers for you near your location. You are thus saving your time and money.
  6. Finally, our service is entirely free.
  7. Yes, you heard that right you don’t need to pay us a thing.
  8. Customer satisfaction is our top priority.
  9. The borrower gets a flexible repayment structure with a gold loan.
  10. This type of Loan requires less documentation. So it makes the process simple and easy.
  11. Processing time take for approving the loan is lesser than other types of loans. So it is the best option when you need immediate financial help.
  12. Interest rate charged by the lenders is much lower when compared to any other type of loans.

Know More -  Gold Loan Features and Benefits

About Balotra

The city of Balotra is Barmer District of Rajasthan state in India. It is about 100 km from Jodhpur. It is famous for hand block printing and textile industry and for an annual desert and tribal fair at Tilwara. The town is well connected with Jodhpur by rail and buses at frequent intervals. Famous Rani Bhatiyaniji temple is also here in village named Jasol 4 km from Balotra. Balotra is located the famous Jain Temple Nakoda. The place receives religious devotees from across India. The town is home to more than 5,000 textile units and is located on the coast of the river Luni. It had a population of 61,724.

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%