A financial problem can occur anytime, and most of the times we are not prepared, and thus, in urgency, we make a wrong decision and get ourselves a loan which has a high-interest rate amount. What if we tell you, you can take credit at a lower interest rate and use it for any of your loan use? You might think we are bluffing, but that’s true. With Manappuram Gold Loan Bhaghpatyou can quickly get the required funds at affordable interest rates. In this loaning scheme, the applicant receives the desired loan amount from the lender by pledging his/her gold ornaments against the principal amount of investment making it a secure way of taking a loan. Thus, banks provide this loan at affordable interest rates.

About Gold Loan Beawar

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. Borrower should go for the best deal with 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 Beawar Interest Rates

The Gold loan is available at 1% per month or 10.75 percent per year. For more unbiased and expert advice, please call us now at 9878981166.The tenure of Gold Loan is 12 months, so make sure that you pay during this term to avoid any additional charges.

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Eligibility for Availing Gold Loan Beawar

  1. Applicant’s Age must be above 18 years and below 65 years
  2. Applicant must be an Indian citizen
  3. Minimum gold must be 10 gm to avail gold loan 
  4. Gold must be between 18 carats to 22 carat
  5. A gold loan can be availed only on jewelry

Know More - Gold Loan: Factors to Remembe

Documentation required for Taking Gold Loan

  1. Proof of Identity: Aadhar Card/PAN Card/Passport Copy/ Voters ID card/ Driving License.
  2. Address Proof: Aadhar Card/PAN Card/Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
  3. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
  4. Two passport size colored photographs.

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

Why Gold Loan is the best loaning option?

  1. Firstly, being a secured gold loan has the lowest interest rate in comparison to other loaning schemes.
  2. Moreover, the documentation process is fast, and banks require minimal documentation.
  3. In addition to this, the applicant gets a high loan to value ratio.
  4. The loan amount solely depends on the quality and quantity of the collateral.
  5. As a principal amount, you are getting almost 75% of the real value of your collateral gold.
  6. You get 100% Safety & Security of your Gold Jewellery. Thus, your gold ornament is entirely safe.
  7. Also, these loans have simple documentation and fast processing.
  8. In addition to this, the overdraft limit varies depending on the market rate of gold.

Know More -  Gold Loan Features and Benefits

How to Apply Gold Loan Beawar Online? 

  1. Visit DialaBank
  2. Fill all the required details so that we can reach out to you.
  3. Then you will be guided through every step of the loan process.

About Beawar

The city of Beawar is Rajasthan, India. It was the capital of Merwara state of Rajputana. The population of Beawar is 3, 25,000. It is located 184 kilometers southwest of the state capital Jaipur, amidst Aravali hills. The city used to be a major center of trade, especially in raw cotton and used to have cotton presses and the Krishna cotton mills. It is the largest producer of cement in northern India and home to Shree Cement. Beawar lies in mineral-rich region having reserves of feldspar, quartz, asbestos, soapstone, magnesite, calcite, limestone, mica, emerald, granite, and masonry stone. It is a hub of small scale industry.

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%