Assam Gramin Vikash Bank Gold Loan

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Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

About Assam Gramin Vikash Bank Gold Loan

Assam Gramin Vikash Bank is a rural bank which was established in 2006. This bank was formed after the merger of Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank, and Subansiri Gaonlia Bank. These 7 regional zones cover 413 branches. It is one of the leading banks of Assam to provide financial services to the people.

Gold Loan is a financial facility that provides help to customers in a time of financial crisis. It is a type of secured loan in which the loan amount depends upon the quality and quantity of the Gold Jewellery kept as security.

Assam Gramin Vikash Bank Gold Loan Eligibility

Being eligible for a gold loan is easier in comparison to other loans:

  1. To begin with, the age of the applicant should lie between 18 years to 70 years.
  2. Secondly, the applicant should be a citizen of India.
  3. Next, The quality of gold should be from 18 Carat to 22 Carat in order to get a loan.
  4. In addition, Another equally important criteria are the weight of gold which should be more than 10 grams.
  5. Furthermore, Anyone can apply for a Gold Loan whether you are a salaried applicant or self-employed.
  6. Finally, In order to avail a Gold Loan on agriculture land, one has to submit the land proof to the bank.

Documents required for Assam Gramin Vikash Bank Gold Loan

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

Assam Gramin Vikash Bank Gold Loan Interest Rate

Assam Gramin Vikash Bank Gold Loan

  1. First of all, The Gold Loan Interest Rate starts at 10.70%-12% per annum.
  2. Secondly, The financial organizations provide these loans for 1 to 4 years.
  3. In addition, The pre-closure charges are in between 0% to 2% of the value of the loans.

Why Choose Assam Gramin Vikash Bank Gold Loan?

  • No income and salary criteria- To begin, 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.
  • CIBIL Score: Secondly, Gold Loan is also available in case of bad CIBIL Score or low-income level.
  • You need to repay only the interest- Thirdly, 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.
  • Total Convenience- Furthermore, 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 80% of its market value immediately.
  • Less processing time- Finally, 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.

How to Apply for Assam Gramin Vikash Bank Gold Loan?

  • Visit Dialabank
  • Fill the Gold Loan form.
  • Wait for our relationship manager to contact you.

Avail your Gold Loan with Dialabank and get personalized assistance

FAQs About Assam Gramin Vikash Bank Gold Loan

Q. How much Gold Loan can I get per gram in Assam Gramin Vikash Bank?

The per gram Gold Loan rates in Assam Gramin Vikash Bank depends on the rate of gold in the market and the quality of the gold that is to be pledged.

Q. What is Assam Gramin Vikash Bank Gold Loan?

Assam Gramin Vikash Bank gives the facility of Gold Loan to fulfil the financial requirements of the borrower at a competitive rate of interests for a tenure of your choosing which can be used for any purpose other than speculative reasons.

Q. What is the Gold Loan interest rate in Assam Gramin Vikash Bank?

Rate of Interest charged by the bank on Gold Loan depends upon the amount of the loan that is to be borrowed. The rate of interest charged is lower in case of Gold Loan as it is a fully secured loan and the bank has no risk in lending it.

Q. How to pay Assam Gramin Vikash Bank Gold Loan online?

You can repay the Gold Loan using various convenient options given by the bank. Contact the customer care executive or loan officer for more details.

Q. How to apply Gold Loan in Assam Gramin Vikash Bank?

Applying for the loan from Assam Gramin Vikash Bank is a hassle-free and easy process. You just need to visit the branch of the bank with your gold and documents or you can apply for it online through Dialabank’s digital platform to avail the best deals.

Q. How to renew Assam Gramin Vikash Bank Gold Loan online?

The renewal process requires your presence in the bank branch. You need to carry all loan-related documents with you and get the gold revalued for renewal.

Q. How to take Gold Loan from Assam Gramin Vikash Bank?

Taking Gold Loan from Assam Gramin Vikash Bank is a convenient process. You just need to apply for it by visiting the branch or online through Dialabank.com. The bank gives quick approval and disbursement after evaluation of gold if the documents are in order.

Q. What is Gold Loan in Assam Gramin Vikash Bank?

Assam Gramin Vikash Bank provides an advance against gold as security for fulfilling the urgent requirement of funds. The bank provides the service at competitive interest rates and can be used for personal or professional use. The bank gives easy repayment options as well.

Q. How to get Assam Gramin Vikash Bank Gold Loan?

Just apply for the loan by visiting the nearest bank branch and get your gold evaluated. Accept the offer made by the banker and get quick disbursement of funds. You can do all this from the comfort of your home by applying through Dialabank.com

Q. How to check Assam Gramin Vikash Bank Gold Loan status?

Checking the status of your loan application can be done by visiting the home branch and contacting the loan officer associated with your file. However, the bank gives quick disbursal after approval and checking the status is only required in a few rare cases.

Q. How to close Assam Gramin Vikash Bank Gold Loan?

Closure of the loan takes place once you have completed the payment for the amount that was due for your loan. The bank gives you NDC and your ornaments after realisation of the full amount.

Q. How to renew Assam Gramin Vikash Bank Gold Loan?

You need to get the gold revaluated and new terms are required to be agreed upon for completing the renewal process. You may be charged a renewal processing fee as well.

Q. What happens if someone defaults Assam Gramin Vikash Bank Gold Loan?

If someone defaults the repayment schedule for Gold Loan from Assam Gramin Vikash Bank the bank charges a penalty fee from the borrower and also auctions off the gold for the recovery of the amount if the amount.

Q. How many branches of Assam Gramin Vikash Bank Gold Loan?

The bank is divided into 8 regional zones. There are 474 branches across 33 districts of Assam through which the bank is operating among these zones.

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