Capital First Bank Gold Loan Documents Required

GOLD LOAN @ 0.57%*
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⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.57% p.m.

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    Capital First Bank Gold Loan Documents Required

    Features of Capital First Bank Gold Loan

    Capital First Bank Gold Loan Documents Required

    Capital First Bank Gold Loan Documents Required information is an asset for the gold loan applicants, but to know the features of a gold loan is also important, hence these are as follows:

    • High loan amount: With a gold loan, you can borrow as much as you want against your pledged jewellery. Lenders use the Loan-to-Value Ratio to determine the loan amount (LTV). This ratio can range from 65 % to 90 % in the case of a gold loan.
    • Repayment Flexibility: Another benefit of applying for a Gold Loan is the ability to choose the repayment option that is most convenient for you. Any lending facility requires payback, and you can choose from a variety of gold loan repayment options if you have Capital First Bank Gold Loan Documents Required.
    • EMI Method: This is a monthly paid tenure. The principal and interest are to be paid every month.
    • Faster Processing: A gold loan may be the greatest alternative for someone who needs a loan quickly. When compared to other sorts of loans, gold loans are a lot speedier. The only procedural step is to complete the papers and authentication, after which the loan money is disbursed into the account.
      However, disbursing the funds does not take long.
    • Lower Interest Rates: Everyone wants a lower interest rate on the lending facility. A Gold Loan could be the ideal option for you because it is a secured loan. Lenders charge lower loan rates as a result of this. Additionally, the gold will be utilised as loan collateral. Gold Loan interest rates range from 9% to 20% per year, with an average of 10% to 16% per year with Capital First Bank Gold Loan Documents Required.
    • Interests paid regularly: Amount to be paid on regular intervals – monthly, quarterly, semi-annually, or annually and the principal at the end of the term.
    • Payments made in Advance: Payment will be a complete interest payment in the starting and principal amount at the end of the term.
    • There is no requirement for credit history: A gold loan may be a good choice because the lenders do not consider the credit history while approving the loan. This is due to the security supplied in the shape of gold ornaments or bank-minted money. A gold loan is ideal for those who are looking for a loan with lenient eligibility requirements.
    • Security of Physical Gold: It is the lender’s responsibility to keep the physical gold safe. Borrowers do not have to worry about it because it is generally kept safe in the bank’s locker. The bank returns the gold once they have paid back the loan.

    Visit Dialabank to know more about Capital First Bank Gold Loan. Compare the gold loan from market-leading financial institutions across the country.

    Capital First Gold Loan Comparision with banks

    Bank / NBFC Rate Per Gram Interest Rate Gold Loan Tenure Min – Max Loan Amount
    ₹ 3,506 to ₹ 4,621 0.099 3 to 24 months ₹ 10 thousand to 5 crore
    ICICI Gold Loan ₹ 3,506 to ₹ 4,621 0.1 6 to 12 months ₹ 10 thousand to 5 crore
    ₹ 3,506 to ₹ 4,621 0.12 7 days to 36 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1225 12 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1025 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1 3 to 36 months ₹ 10 thousand to 5 crore
    SBI Gold Loan ₹ 3,506 to ₹ 4,621 0.0975 12 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.075 3 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 10 thousand to 5 crore
    IIFL Gold Loan ₹ 3,506 to ₹ 4,621 0.12 11 months ₹ 3 thousand to 50 lakh

    Capital First Gold Loan EMI calculator

    Capital First Gold Loan Documents Required

    Capital First Bank Gold Loan Documents Required are shown in the following table.

    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

    Capital First Gold Loan Documents Required – FAQs

    How many types of gold loans are available?

    There are 2 types of gold loans provided by the lenders:

    1. Gold loan
    2. Realty Gold loan.

    However, the repayment of gold loans and liquid gold loans can be 36 months if you have Capital First Bank Gold Loan Documents Required.

    Is a gold loan a good option?

    Gold loans are regarded as a secure investment if you have Capital First Bank Gold Loan Documents Required as the jewellery will be safe and secured.

    What is the gold loan eligibility criterion?

    Applicants must be over 18 and have gold to be mortgaged with Capital First Bank Gold Loan Documents Required to qualify for a gold loan.