Are you looking for a way to purchase a new machine for your business to lower the cost of production? Is your company going through some rough time and you need some extra financial help? Getting intimidated by so many different loaning schemes that you are not able to decide which one to take? We are here to help you. With Gold Loan Bhilwara  you can quickly get the required funds to turn your dream into reality. You can use it for paying your medical expenses, or you can use it for funding your daughter’s college fee. In addition to this, as you are providing collateral banks are more than willing to offer you lower interest rates on these loans.

About Gold Loan Bhilwara

Gold is one of the most precious metals of India. It is used by most of the people to beautify themselves. However one can utilize the power of gold in any financial crunch. Gold Loan is a reliable and convenient loan scheme to eliminate all of the financial worries. It is a secured loan available within few minutes.

Read More - About Gold Loan

Gold Loan Bhilwara Interest Rates

  1. 10.70% is the minimum annual interest rate you can get on these loans.
  2. Therefore, the monthly interest rate is less than even 1%. 
  3. Also, the loan amount is 75% of in market value of your collateral.
  4. In addition to this, these loans come with foreclosure charges. As a result, you can pay the loan amount before the tenure and get your gold back from the bank.
  5. The foreclosure charges stay in between 0-3% of the total loan amount.

Know More - Gold Loan Interest Rate

Benefits of Taking Gold Loan over Personal Loan

  1. See gold loan comes with a much lower interest rate in comparison to any other loaning scheme.
  2. This is because the applicant is providing collateral against the loan amount.
  3. Also, the documentation process is quite fast and hassle-free.
  4. Moreover, you can get your loan request to get approval from NBFC in less than 15 minutes.
  5. The disbursal of the loan takes only about 24 hours to process.
  6. The gold loan comes with multiple repayment options thus making it easier for the applicant to pay the principal amount back.
  7. You are free to use the loan amount in any way you want you can use spend it on yourself or on your business NBFC’s and banks have no restriction on the loan expenditure.

Know More -  Gold Loan Features and Benefits

Eligibility for avaling Gold Loan Bhilwara

  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

Documentation required for taking Gold Loan

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

Why one should choose Gold Loan in Bhilwara?

  • A person should have a minimum of 20 Gram gold to avail the Loan.
  • No penalties are involved.
  • In house gold evaluation.
  • Available within a time period of 30-60 Mins.
  • You can enjoy a maximum tenure period of 6 to 12 Months.

Know More - 5 Must factor to keep in mind before availing a Gold Loan

How to Apply for Gold Loan Bhilwara 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.

Know More - Best Gold Loan Services

About Bhilwara

The city of Bhilwara is in Mewar region of Rajasthan, India. Bhilwara has a population of 2,410,459. The major industry is textiles with more than 400 manufacturing units in the town. It is also the only center in the country producing insulation bricks.

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%