Yes Bank Gold Loan
Yes Bank is one of the most renowned banks in India. It offers a low rate of interest and quick disbursals with minimal documentation. Why let go of opportunities and dreams due to the financial crisis when you have the gold power with you. Idle Gold in your safe will not give you anything but Yes Gold Loan will give you a chance of fulfilling your dreams. Yes Bank offers Gold Loan at a low rate of interest. The process of getting a Gold Loan is very quick and easy.
Gold Loan is basically a loan against gold. Gold is kept as security. After proper verification of Documents and gold, Loan is sanctioned. It requires minimal documentation. So from now don’t think much and fulfill your dreams by applying for Yes Bank Gold Loan.
- Yes Bank offers very Low Rate of Interest to the customer.
- Bank provides the facility of quick disbursal to the customer
- Yes Bank offers quick processing
- Simple Documentation
- Minimum Documentation required
- It charges low processing fees
- It offers a low rate of interest
- Guarantor/collateral are not required
Basic KYC documents are required for a Yes Bank Gold Loan
The Bank does not check your CIBIL Score for the approval of the gold loan
The following documents are required along with your Gold Loan application:
- Passport (not expired)
- Diving License (not expired)
- Voters ID Card
- Aadhaar Card issued by UIDAI
- PAN (Permanent Account Number) Card (along with any of the above documents)
- Age of the applicant must be 21-65 years
- Applicant should have a stable source of income
- Gold of purity should range between 18 karat-22 karat purity
Rates and fees
- Yes Bank offers a rate of interest of 11%
- Processing Fee charges in YES Bank are 1.5%
- Yes Bank charges Prepayment at the rate 2% if the loan is closed within 3 months
- Loan sanctioned against gold is minimum of Rs 25,000 and maximum 50 lakhs
The easiest way of applying for a gold loan in Yes Bank
Gold Loan in Yes Bank can be easily applied. The applicant will be having two choices. They can apply for a gold loan offline and online too. The applicant can easily apply online on the site www.dialabank.com by filling up the form of Gold Loan by giving some information and personal detail. After that Bank representative will get notified and they contact the applicant. They will confirm some of the details and let you know if you are eligible for the Gold Loan in Yes Bank or not. They will tell the applicant the rate of interest offers by Yes Bank. Applicant needs to visit the bank with the gold against which he/she is taking a gold loan. Then Loan will get sanctioned. If the applicant wants to take the loan offline then he/she needs to visit the bank to know the eligibility and for the approval and then to deposit the gold for the loan.
How to Apply?
- You can easily apply for a gold loan online on www.dialabank.com.
- After that, you have to fill the form online with your name, contact number, and other asked fields.
- The moment you fill the form you will get a call back from our side, and you can get all the required information and guidance.
CIBIL score and Gold Loan
CIBIL score is a very important part of a person’s financial life. If you deal properly with your loans and the credits then your CIBIL score will be definitely high, otherwise, it will be low. So if your CIBIL score is below 550 then you might have a problem in getting a gold loan. On the other hand, if your CIBIL score is good you will get a gold loan instantly.
Is Gold Loan Secured?
Yes, the gold loan comes in the category of secured loan. You pledge your gold to the bank as a security, so lenders have a less risk of security and so the rates of interest are not that high unlike in a personal loan. Furthermore, you can use this amount of loan to fulfill your personal needs too.
Why only Dialabank?
- Dialabank is India’s first financial helpline company.
- After that, on the website of Dialabank, you will get very low rates of interest.
- One more thing is that if you apply on www.dialabank.com you don’t have to go to the bank to submit the documents the bank will provide you a document pickup facility from your doorstep.
Role of CIBIL score in Yes Bank Gold Loan
CIBIL score plays important role in Yes bank gold loan. It’s not like your CIBIL score is required to be very high, but it should not be less than 550. Basically, your CIBIL score represents your banking behavior.
What is a CIBIL score?
First of CIBIL is a company of India that has all the information about the customer’s credits. The range of the CIBIL is in between 300 to 900. The better your banking the more will be your CIBIL score. If customers’ banking is not good or if the customer is a defaulter in any case then his/her CIBIL score goes down.
Which is better among Yes Bank Gold Loan or Yes Bank Personal Loan?
If a customer has to choose in between the yes bank personal loan and yes bank Gold Loan then he/she is advised to apply for a Yes bank gold loan, the reason after this is gold loan is a secured loan and so are the interest rates are low as compared to the personal loan.
How Yes Bank Gold Loan is different from Yes Bank Gold Loan?
Yes Bank Gold Loan is different from the Yes Bank Gold Loan because the personal loan is an unsecured loan so its interest rates are very high. However, in the case of the gold loan, the rates of interest is low because it is a secured loan.
What if the customer does not repay the loan amount on time or refuse to repay the loan amount?
If the customer gets unable to repay the loan amount then the bank recovers the loan amount with the rate of interest by selling the pledged gold and the bank is liable to do so. The customer can’t ask any help from the court too, because he/she is a defaulter and along with this the CIBIL score of the customer also gets down that will create problem to the customer for getting other loans in future. Besides that, it is not that easy to rebuild the credit score again in a day. It will take a lot of time.
The process of Yes Bank Gold Loan
- First of all the customer has to apply online for the gold loan.
- After that, if the customer is eligible he/she has to submit the required documents to the bank.
- Now the valuation of the gold loan takes place in the bank by the jeweler.
- And the customer gets the amount of loan in the form of cash or in his/her bank account as he/she is comfortable with.
Advantages of the Yes Bank Gold Loan
- First of all, you will get the loan amount at low rates of interest.
- After that, the bank takes the whole responsibility for your gold ornaments without any other additional charges. On the other hand, if you especially go to the bank to put your gold ornaments especially in the bank the bank will charge you.
- One more thing is that if you are eligible then your loan gets disbursed in few minutes and unlike other loans, the documentation process is very simple and less.
How to Apply for Yes Bank Personal Loan Online?
- A person can easily apply for a Yes Bank Loan online in 2 minutes.
- First of all the applicant has to visit www.dialabank.com online.
- The process of documentation is very easy and simple.
- For more information, you may call on 60011600.