What if we tell you, you can quickly get rid of all your financial problems in no time? Whether you are looking for funds to pay your son’s college fee or you are looking for funding to get yourself a new machine to increase your business productivity, Gold Loan Bundi can help you with it. In addition to this, gold loan or loan against the gold is one of the most availed loaning schemes because of its low-interest rate and easy repayment options. As you pledge collateral against the loan amount, the interest rates are quite low. You can avail this loan online and save the hassle of going to a branch.

Read More - About Gold Loan

About Gold Loan Bundi

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 loan deal with the best offer available.

Gold Loan Bundi Interest Rates

10.70% is the minimum rate of interest you can expect on these loans. Thus, you need to pay less than 1% monthly interest rate. Also, you will be getting 75% of your gold’s in market value as a principal amount of loan. While talking about the interest rate, it is good we mention you that gold loan comes with foreclosure ability meaning you can close this loan before the tenure period ends and get your gold back from the bank. The foreclosure penalty ranges from 0-3% of the total loan amount.

Know More - Gold Loan Per Gram

Eligibility for Gold Loan Bundi

  1. Loan Amount: Minimum 18k and Maximum depends upon the weight of the gold
  2. Age: Minimum: 18 years and Maximum (at loan maturity): 70 years
  3. Citizenship: Indian
  4. Gold requirements: Minimum 10 gram of gold
  5. Employment status: salaried/ self-employed

Know More - Gold Loan: Factors to Remember

Required Documents for Gold Loan Bundi

  1. Identity Proof: 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. 2 passport size photographs.

Other Required Documents

  1. For farmers, the banks and NBFCs offer low rates of interests on the gold deposits.
  2. For this, the applicants have to provide the agricultural documents and also the income proof.

Features of Gold Loan Bundi

  1. You can avail Loan up to Rs.1 Crore & up to 90% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery / Bars
  3. Get your loan processed in 30 minutes
  4. Enjoy Anytime Liquidity
  5. No EMI, Service only Interest and enjoy the Loan facility
  6. Lower Interest Rates
  7. Simple documentation and fast processing.
  8. Overdraft limit varies depending on the market rate of gold.
  9. The interest rate is payable the only amount of the overdraft that you use.

Know More -  Gold Loan Features and Benefits

Advantages of Taking a Gold Loan Bundi

  1. No income and salary criteria- Gold loans do not require any qualifications for income or salary of the person. So even if you are unemployed and unsalaried you can still avail of a gold loan. This is because you are pledging a valuable asset, gold in return of the money.
  2. Available also in case of bad credit history or low income level.
  3. Relatively Lower interest rates- The another advantage of taking a gold loan is that they are available on low interest rates, say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
  4. You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
  5. Total Convenience- The most convenient of all the loans is a gold loan because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 90% of its market value immediately.
  6. Less processing time- No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.

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

Find the most suitable offer for Gold Loan Bundi

  1. Personalized Service: Our trained Relationship Managers will understand your requirements and your profile and help you find the most suitable Gold Loan offer.
  2. Rate Comparison: We help you understand the details of all costs involved in taking a Gold Loan and help you find the Cheapest Offer.
  3. Research: Benefit from our detailed research on all the products from the leading Gold Loan players in the market and make the right choice.
  4. Zero Charges: Dialabank offers personalized service to its customers at zero fees. Use our services and get best Gold Loan deal at no extra cost.
  5. Unbiased and Transparent Search: Our objective is to simplify your Gold Loan search and we provide information in an unbiased and transparent manner.

How to Apply Gold Loan Bundi 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 Bundi

The city of Bundi is the Hadoti region of Rajasthan state in northwest India. Bundi is of particular architectural note for its ornate forts, palaces and stepwell reservoirs known as baoris. It is the administrative headquarters of Bundi District. It had a population of 88,312.

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%