Gold is considered a symbol of pride, especially in India, buying and selling gold is an old tradition of Indian culture. However, the availability of gold loan provides a different scenario of how people use this precious metal. Nowadays, people buy gold, not for their status symbol but to secure their future.

What is Gold Loan?

The process of pledging of money against gold is available from ancient days, but today the process has become formal and transparent with an entry of organized financial players. It is considered to be the secured loan where the person seeking to borrow has to pledge their gold ornaments for security. Therefore, if you have any financial issues, you can easily overcome them by taking advisory services Dialabank. 

Read More - About Gold Loan

Gold loan  Interest rate in Tilakwadi Belgaum

The part of a loan that is charged as interest to the borrower, which is considered as an annual percentage of the loan is said to be the interest rate. The gold loan is provided at the best interest rate as compared to unsecured loans.

  1. The gold loan is available at 1% per month interest rate.
  2. Gold loan interest rate - 10.70 %.
  3. offer a low processing fee that is  0.85%.
  4. Pre-closer charges range from  0 – 2 %.

 Read about-What happens when you don’t pay a Gold Loan?

Features of Gold Loan Tilakwadi Belgaum

  1. You can avail Loan up to Rs.1 Crore or more & up to 70% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery
  3. Get your Loan processed in less than 30 minutes
  4. It takes just a few minutes to sanction a loan.
  5. The money is offered to the customer after a quick evaluation of gold.
  6. It is free from the hassle of lengthy paperwork.
  7. Easy repayment schemes.
  8. Minimal Documentation.
  9. Low-interest rates.
  10. Enjoy Anytime Liquidity

 Read about-What happens when you don’t pay a Gold Loan?

Eligibility of Gold Loan Tilakwadi Belgaum

  1. Must be  an Indian citizen
  2. Must have gold more than 10gm
  3. Should be between the ages of 18 and 65 years

Documents required  for Gold Loan Tilakwadi Belgaum

  1. Proof of Identity: Driving License/Passport Copy/ Voters ID card
  2. Address Proof: Tel, Electricity Bill/ Rental bill/ Passport copy /License-Sales Tax certificate/Ration card/ /Trade license /Shop & Est. 
  3. Signature Proof
  4. Passport Copy
  5. Banker's verification/cheque.
  6. Driving License
  7. 2 passport size photographs.

How to Apply Online in Tilakwadi

Take the benefit of advanced technology and use for it without going anywhere effortlessly.

  1. Firstly, You have to visit the site of Dialabank online for it and then you need to fill up the application form.
  2. Secondly, the relationship manager will contact you for confirming some of the details. Afterwards, they will let you know the eligibility and other available offers according to your profile and will fix your appointment with the Banker.
  3. After that, you need to visit the bank for once at the time of submission of gold and will exit with the sanctioned loan.

About Belgaum(Tilakwadi)

Belgaum also was known as Belgaon, Belagavi, and Venugrama which is bamboo village is a city in the state of Karnataka located in the northern part along with the Western Ghats. It is also the administrative headquarters of the Belgaum division and Belgaum district. The Government of Karnataka has proposed making Belgaum the second capital of Karnataka. Hence a second state administrative building Suvarna Vidhana Soudha was inaugurated on 11 October 2012.

 Click to know more- Gold Loan Near Me

FAQs About Gold Loan

  1. How does Gold Loan in 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%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Know More About Gold Loan

  1. 3 Best Methods Repaying Gold Loan
  2. 4 Different Ways of Repaying Your Gold Loan
  3. Gold Loan From Top banks And NBFCs in India
  4. Gold Loan Near Me

* For any assistance regarding Gold Loan, call us on 95920-46860, our trained Relationship Managers will solve all your queries.