Assam Gramin Vikash Bank Gold Loan Documents Required

Features of Assam Gramin Vikash Bank Gold Loan

Following are some of the features of the Assam Gramin Vikash Bank Gold loan :

• The interest rate of the gold loans is very less compared to other loans. If you look at the case of Personal loan interest rate varies from 12% to 19% per annum for a personal loan whereas for a gold loan it is between 7% to 15% per annum.
• Gold loans are a type of secured loan where gold acts as collateral. If you apply for a gold loan, the loan distribution process is very fast you can get the loan processed with an hour.
• For a good loan application, you do not need a credit history. A credit score is a numerical value used to analyze while taking any loan, if your credit score is not good loan request is declined but in the case of secured loans like a gold loan, this doesn’t come into the picture as gold is kept ensuring security.
• Anyone between 18 to 65 years can apply for a gold loan.
• Assam Gramin Vikash Bank Gold Loan Documents Required doesn’t contain income proof.  You can get a loan without showing income proof documents.
• The Gold loan has the option of pay interest rate only in this you only pay interest rate every month, the principal amount can be paid in a lump sum at the end of the gold loan.

Assam Gramin Vikash Bank Gold Loan Comparision with banks

Assam Gramin Vikash Bank Gold Loan EMI calculator

When you apply for any loan, the repayment process is done on monthly basics through equated monthly installments mostly known as EMI. This EMI is the amount to be paid by the borrower on monthly basics.

Don’t know how to calculate an EMI? DialaBank has made an EMI calculator to help you in calculating the total loan cost. You have to put your loan amount, interest rate, and time period of the loan. We will give you approx EMI to be paid by you every month till the loan is ended.

To know more about Assam Gramin Vikash Bank Gold Loan you can contact DialaBank on 9878981166.

Assam Gramin Vikash Bank Gold Loan Documents Required

Mentioned below are Assam Gramin Vikash Bank Gold Loan Documents Required

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Assam Gramin Vikash Bank Gold Loan Documents Required – FAQs

✅ Can I close my loan in 2 payments?

The loan can be closed in 2 payments after paying the full amount of the loan.

✅ What is the difference between personal and gold loans?

A personal loan is a type of unsecured loan in which you pay a big amount of interest rate whereas a gold loan is a type of secured loan with less interest rate.

✅ Do we need to have a bank account to get a gold loan?

No, You can get your gold loan without having a bank account in the same bank.