Chaitanya Godavari Grameena Bank Gold Loan

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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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About Chaitanya Godavari Grameena Bank Gold Loan

Chaitanya Godavari Grameena Bank Gold Loan

On 3rd March 2006, Government of India, Ministry of Finance announced to merge of two regional rural banks Godavari Grameena bank and Chaitanya Grameena Bank by combining these two banks gave birth to a new Regional Rural Banks known as Chaitanya Godavari Grameena Bank.
It’s a head office at Guntur in state Andhra Pradesh. Furthermore, the company provides financial services to customers like Gold Loan, Wealth management services and also Agriculture Loans.

Gold Loan is a type of financial service, in which the applicant has to put the gold ornament in the bank in return of loan amount. In this, the gold is considered as collateral by the bank. That further means, the applicant has to repay the amount of loan within the period of the loan.

If one fails to do so, the ornaments are confiscated by the banks. Furthermore, this is one of the popular services as Gold Loan Interest Rates are quite less in comparison to other services.

Chaitanya Godavari Grameena Bank Gold Loan Interest Rate

In general Loan on Gold, the credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of personal loan or any other kind of loans.

Though the Gold loan rate keeps on changing with the passage of time as well as person to person. Chaitanya Godavari Grameena Bank Gold Loan is available at 1% per month interest rate.

  • Chaitanya Godavari Grameena Bank Gold Loan Interest rate – 10.70 %
  • Offer low processing fee –  0.85%
  • Pre-closer charges range from 0 – 2 %.
  • Tenure minimum six months; maximum five year
  • Amount – Thousand to a crore

Chaitanya Godavari Grameena Gold Loan Bank Advantages 

  1. Less Documentation Process – Firstly, Documentation requirements for availing a Gold Loan from Chaitanya Godavari Grameena Bank are quite less. The applicants are not asked to provide lengthy proofs to avail the financial service.
  2. Easy to get – Another feature is, Availability of Chaitanya Godavari Grameena Bank Gold Loan service is excellent. That is, people can easily avail a gold loan at nearby branches. It is not tough to find a nearby branch.
  3. CIBIL Score – In addition to this, Credit Score does not matter in this service, that is, the applicant does not have to worry about low credit repayment history. If anybody has a bad repayment history, they can improve the same by taking a Gold Loan.
  4. Processing Fees – Furthermore, Chaitanya Godavari Grameena Bank does not charge any processing cost for a loan application. Most of the banks charge a fee, but in the case of this company, there are no charges of availing a Gold Loan.
  5. Tenure- Also, Chaitanya Godavari Grameena Bank Bank provides a flexible period of the loan. It starts at one year and can go up to 1 year.
  6. Safety – Moreover, the protection of ornaments is the responsibility of the bank. That is, the applicant does not have to worry about the ornaments they have deposited.
  7. Simple Process – Last but not least, the system of this service is very transparent. That is, Chaitanya Godavari Grameena Bank does not hide anything from the customers.

Chaitanya Godavari Grameena Bank Gold Loan Documentation

  • Identity Proof is required. It can be an Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport.
  • One proof of residence is also required while applying for a gold loan; it can also be an Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills of last three months with the name of the applicant.
  • Two colored photographs.

Additional Documentation for Chaitanya Godavari Grameena Bank Gold Loan

  • Land Proof – In the case of Agriculture Loan on gold of more than Rs. 1 lac. The proof is not needed for allied agriculture purposes.
  • Income Proof or Salary Certificate as well as Form No.16

Process for Chaitanya Godavari Grameena Bank Gold Loan

1. The bank checks the purity of the gold.

2. The bank verifies the market rate for gold and the price of the previous day is take into consideration

3. The LTV (Loan to Value) set by the RBI is 75%.

4. If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges deducted from your Gold loan amount.

5. After signing the agreement, the loan amount is disbursed to your account.

Why Dialabank for online Chaitanya Godavari Grameena Bank Gold Loan?

  1. www.dialabank.com offers a very easy process of application for Online Gold Loan
  2. The applicant gets a good comparison of the gold interest rates of other banks as well.
  3. The company provides the document pickup facility from your doorstep.
  4. You will get the best as well as the lowest interest rate. Moreover, for more information call 9592046860 or 60011600 with your city code.

Gold Loan VS. Personal Loan

  • You get at least 75% of their actual gold value as a Gold Loan amount.
  • Gold loan application takes only  1-day processing time and an hour to disburse.
  • Gold Loan customers can repay the loan before time with no foreclosure charge
  • You get lower or in some cases no processing fees
  • A borrower with low credit score/CIBIL can even get Gold Loan
  • Bank give loan amount by your Gold purity
  • Borrowers with low credit score/CIBIL can also get Gold Loan

FAQs About Chaitanya Godavari Grameena Bank Gold Loan

Q. How much Gold Loan can I get per gram in Chaitanya Godavari Grameena Bank?

The gold loan is given at a rate of ₹800 per gram. The amount of the loan is based on the quality of the gold ornaments that are pledged to the bank. The bank does not accept gold ornaments below 20K.

Q. What is Chaitanya Godavari Grameena Bank Gold Loan?

Chaitanya Godavari Grameena Bank gives Gold Loans at attractive rates of interest for a tenure of up to 12 months. The loan can be used for fulfilling personal or professional monetary needs.

Q. What is the Gold Loan interest rate in Chaitanya Godavari Grameena Bank?

The Rate of Interest charged by the bank on Gold Loan starts from 10.70% per annum depending upon the amount that is to be borrowed. The bank charges low processing fees on the loan as well.

Q. How to pay Chaitanya Godavari Grameena Bank Gold Loan online?

You can pay for your Gold Loan from Chaitanya Godavari Grameena Bank as a bullet payment at the end of tenure. The tenure for the loan can be a maximum of 12 months. The bank gives you easy payment methods.

Q. How to apply Gold Loan in Chaitanya Godavari Grameena Bank?

To apply for a Gold Loan, you need to visit the nearest branch to submit a form with the requisite documents. You can also apply online at Dialabank to get the best deals on your gold loan.

Q. How to renew Chaitanya Godavari Grameena Bank Gold Loan online?

Renewal procedure requires the presence of the borrower in the bank as your gold has to be evaluated. For detailed information, you can visit the nearest branch.

Q. How to take Gold Loan from Chaitanya Godavari Grameena Bank?

Taking Gold Loan from Chaitanya Godavari Grameena Bank is a hassle-free process. The bank requires an income proof to approve your Gold Loan application. Just visit the branch and avail a quick disbursing Gold Loan.

Q. What is Gold Loan in Chaitanya Godavari Grameena Bank?

Chaitanya Godavari Grameena Bank provides Loan against Gold services to individuals with a steady income who are above the age of 21 years and in possession of some gold above 20K. You can use this amount for personal, business or agricultural purpose. Repayment is done on EMI basis.

Q. How to get Chaitanya Godavari Grameena Bank Gold Loan?

Get quick disbursing Gold Loan from Chaitanya Godavari Grameena Bank by visiting the nearest branch with your Gold and fulfil your financial needs. You can also visit Dialabank to apply for your Gold Loan needs and avail personalized assistance.

Q. How to check Chaitanya Godavari Grameena Bank Gold Loan status?

You can easily track your Gold Loan by contacting the bank branch either in person or through their customer care number.

Q. How to close Chaitanya Godavari Grameena Bank Gold Loan?

You can close your Gold Loan once the repayment schedule is completed and the bank has realised the full amount that was due. Your gold is then released and returned back to you.

Q. How to renew Chaitanya Godavari Grameena Bank Gold Loan?

You can renew your Gold Loan from the same branch where the loan was initially approved. Your pledged gold is first released then revalued according to the current market rates.

Q. What happens if someone defaults Chaitanya Godavari Grameena Bank Gold Loan?

If someone is unable to repay the loan amount, the bank charges a penalty fee and your credit score also gets affected negatively.

Q. How many branches of Chaitanya Godavari Grameena Bank Gold Loan?

We have 219 branches spread over three districts and have headquartered in Guntur, Andhra Pradesh.

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