Gold Loan is a secured loan that provides financial aid to the customer to fulfill their financial needs. In a gold loan basically, the customers put their gold ornaments in the bank’s locker and get back when loan completes.

Forms of Gold Accepted in Gold Loan

All kind of gold jewelry (Weight more than 10 Grams) is accepted.

  1. Gold Coins (Weigh less than 50 Grams) are also acceptable.
  2. The raw form of gold is not accepted.
  3. The raw form of gold is not acceptable

Gold Loan Colaba Benefits

1. Firstly the Low-interest rate.
2. Secondly Faster processing as well as quick disbursal.
3. Thirdly, Your Gold ornament is safe as well as secured in a bank locker.
4. You can use the gold loan amount of money for any personal purpose.
5. Less paperwork 
6. Furthermore, Flexible repayment options moreover lower monthly outflow.
7. Beside that no processing fees.
8. No foreclosure charges.
9. Bad credit history, not an issue.
10. Instant Processing and Disbursal.
11. The loan is sanction very transparently.
12. Lastly, the applicant can borrow in thousands to a crore.
 

Gold Loan Colaba Interest Rates

In the case of Gold Loan, the credit is available at a low-interest rate. This is because the loan on gold comes in the category of secured loans. Moreover, the interest rate of gold is less than that of other loans. Though the Gold Loan rate keeps on changing with the passage of time as well as person to person. Gold Loan in Colaba  is available at 1% per month interest rate.
 
1. Gold Loan Interest rate - 10.70 %
2. Also, offer low processing fee -  0.85%
3. Moreover, Pre-closer charges range from 0 – 2 %.
4. Besides Tenure minimum of six months; maximum five year
5. Lastly Amount - Thousand to a crore
 

Types Of Gold Accept By Bank's / NBFC

Forms of Gold Ornament accept by the bank, but there is some limitation, ie.
1. Firstly the purity of the gold jewelry should lie in between 18 Karats to 22 Karats.
2. After that, the bank accepts the gold in the form of ornament.
3. Besides, that bank refused to take the raw gold for the Gold Loan.
4. Furthermore, you can get a gold loan by using gold coins that weigh less than Grams.
 

Gold Loan Colaba Features

  1. No income & salary criteria- Firstly, this service does not require any income check of the applicant
  2. CIBIL Score - Also, No CIBIL/Credit score is checked by the Banks/NBFC.
  3. Need to repay only the interest -  applicant has the option to pay only the interest during the tenure period of the entire gold loan
  4. Total Convenience - Also, the gold loan is the most convenient service in comparison to other services as it is known as a secured loan.
  5. Less Processing Time-  Lastly, No tedious, as well as lengthy documentation, is required in case of gold loans
 

Gold Loan Colaba Eligibility 

1. Firstly, The age of the customer should not be less than 18 years.
2. Secondly, The applicant should be a citizen of India.
3. The applicant should have gold in an appropriate form.
4. The quality of the gold should be 18 karats to 22 karats.
 

To Get Gold Loan in Colaba Documents Required 

  1. Identity Proof: Verification documents required should be specifically among the following: Voter ID /Ration card /Aadhar card /Valid  Passport
  2. Signature Proof: The documents required as signature proof includes: Passport Copy/Banker’s verification/cheque
  3. Residence Proof: The documents required as proof of residence are: Telephone Bill/ Electricity Bill/ Rental bill /Trade license /Shop & Est. License/Sales Tax certificate.
  4. Documents required for the farmers are namely: Land Proof and Income proof
  5. Other: Two passports sized colored photographs.
 

How to apply for the Gold Loan Colaba?

Applying for the Gold loan in Colaba  is effortless. So take the benefit of evolved technology and apply for a Gold loan without going anywhere. 
1. Firstly, You have to visit Online Gold Loan and need to fill up the application form.
2. Secondly, Then Customer representative will contact you and confirm some of the details. Then they will let you know the eligibility and fix your appointment with the banker. 
3. After that, The banker will come to your doorsteps to collect the required.
4. Besides that,  You need to visit once at the time of submission of Gold. After that, you will enter the bank with the gold and exit with the sanctioned loan.
 

Why Dialabank for online Gold Loan in Colaba?

1. First of all, www.dialabank.com offers a very easy process of application of the gold loan.
2. Secondly, the customer gets a good comparison of the interest rates of other banks as well.
3. Furthermore, the company provides the document pickup facility from your doorstep.
4. Finally, you will get the best as well as the lowest interest rate. Moreover, for more information call 9592046860 or 60011600 with your city code.

About Colaba

Colaba is also known as Kulaba is a part of the city of Mumbai India, as well as even a Lok Sabha constituency.  Besides that during Portuguese rule in the 16th century, the island was known as Candil after the British took over the island in the late 17th century, it was known as Colio.To get Gold Loan in Colaba is very easy when you apply through Dialabank. We offer you the lowest interest rate as compared to others in the market. Call us 9592046860 or  (enter area) 60011600 for more details