Trying to buy a new smart TV but don’t want to spend your savings? Are you thinking about taking a loan but don’t know which one is the best deals? Are you going through some rough times in your life and need for financial help? Then Gold Loan Banswara is the option for you. In addition to this, a gold loan is said to be one of the fastest ways one can get the required funds in a time of needs as it is quickest and has a hassle-free process. Moreover, as it is a secure way of taking a loan amount both banks and NBFCs are more than willing to provide you the loan amount at a much lower interest rate.

Read More - About Gold Loan

About Gold Loan Banswara

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 Banswara Interest Rates

10.70% is the minimum annual interest rate you can expect on these loans. Therefore, the monthly interest rate would end up being lower than 1%. Also, you can foreclose your mortgage by paying the preclosure charges. In addition to this, the required loan amount is also a factor while determining the gold loan interest rates.

Know More - Gold Loan Interest Rate

Benefits of Taking Gold Loan Banswara

  1. Fast Process: First of all, Gold Loan is approved and disbursed very quickly and easily. The loan gets passed in an hour.
  2. Fewer Documents: Next, the documentation process is very easy and less, very basic documents are required for HDFC gold loan.
  3. Transparent System: Furthermore, the bank provides full transparency to the customer, that is, there are no hidden charges.
  4. Amount of Loan: Moreover, The minimum amount of loan that HDFC provides to the customer is Rs. 50000. Also, It can be less than Rs — 50000 in rural areas.
  5. Safety of Jewelry: One important thing to note is that the bank is liable completely for the security of your gold. Thus, the gold is kept in fireproof security. 
  6. Loan Tenure: Also, The tenure of the loan can be from 1 year to 4 years. Hence, You can choose according to your comforts.
  7. Benefits for Farmers: HDFC bank provides some special offers for agricultural purposes. That is, the bank offers a slight low Gold loan interest rate for a Gold loan for agricultural use.
  8. No Debt Burden: Importantly, There can be situations in which an applicant is not able to repay the loan amount in such a case the applicant will not be under debts as the bank will only confiscate the ornaments.
  9. No Income bounds: There are no restrictions on the salary or income of the applicant hence, anyone with any income rage can avail a gold loan.

Eligibility for taking Gold Loan Banswara

  1. First of all the minimum age of applicant: 18 years
  2. After that the maximum period of the applicant at loan maturity: 70 years
  3. Gold jewelry should be owned by the applicant or any of the family members.

Know More - Gold Loan: Factors to Remember

Reqruired Documentation for avaling Gold Loan 

  1. Identity Proof (Aadhar Card/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. Lastly, two passport size photographs.

Why gold loan is the best option for taking a loan?

  1. The interest rates are easily affordable making it one of the most availed loaning schemes of all time.
  2. After that, the process of application is straightforward and straightforward; anybody can apply for a gold loan in 2 minutes on the mobile.
  3. Besides that, the rate of interests is quite low because the gold loan is considered as a secured loan.
  4. In addition to this, your loan request gets approval in less than 30 minutes of applying if all the documents meet the required criteria.
  5. As a result, the loan process is hassle-free and fast.
  6. Moreover, the loan amount solely depends on the applicant’s collateral gold ornament.
  7. Thus, you can expect the loan amount to be in the range of 20,000 Rs to 1 Crore making this loan useful for both big and small financial needs.
  8. Lastly, the disbursal of gold loan can be done in less than 24 hours.
  9. Therefore in you are in urgent need of money this loan is the best option for you.

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

How to Apply Gold Loan Banswara 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.

About Banswara

The city of Banswara is Banswara District in south Rajasthan, India. The princely state of Banswara was founded by Maharawal Jagmal Singh. It is named for the "bans" or bamboo forests in the area. Banswara is also known as 'City of Hundred Islands'. The city is governed by City Council which comes under Banswara Urban Agglomeration. Banswara has a population of 100,128. It is situated amidst the Aravali valley, Banswara represents tribal culture in Rajasthan.

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%