About Dhanlaxmi Bank Gold Loan
Dhanlaxmi Bank is a private sector bank which was set up in 1927. Headquarter of the bank is in the state of Kerala. It became a commercial bank in 1977. Bank serves its customers with so many financial products like Loans, banking as well as credit cards. Moreover, Dhanlaxmi Bank provides Gold loan with a low-interest rate as well as the gold loan is disbursed very quickly i.e within an hour. Gold Loan’s whole process takes just few minutes for the approval.
Dhanlaxmi bank provides a Gold loan. Bank/financial organization will take care of all the gold/jewelry, and it will return to you whenever you pay back that particular amount of loan with interest to the bank/financial company.
|Dhanlaxmi Bank Gold Loan at a Glance|
|Interest Rate||Starts at 9.90%|
|Gold Loan Per Gram||₹1755 to ₹2145 depending on the purity of gold|
|Tenure||Up to 12 months|
Dhanlaxmi Bank Gold Loan Interest Rate
Dhanlaxmi Bank Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged with depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates offered by the Dhanlaxmi Bank are lower in comparison to other loans because it is a fully secured loan.
The Gold Loan interest rates in the Bank starts at 9.90% per annum.
Dhanlaxmi Bank also charges some additional fees along with the rate of interest in some cases, which are :
- Processing fee – 1% of the loan amount or ₹1000 whichever is higher
- Documentation charges
- Gold Valuation charges
- The bank charges no additional fees for part payment or the foreclosure of the Gold Loan.
Why Gold Loan preferred over other loans?
Gold Loan is beneficial in many ways but most important is that your gold will be in the safest place. Dhanlaxmi Bank takes full guaranty of your gold ornament. Besides that, very less paperwork is required to complete these formalities to avail Gold Loan. Also, Gold Loan offers low-interest Rate as compare to other Loans.
Why Should You Choose Dhanlaxmi Bank Gold Loan?
So many banks and non- financial organizations provide a Gold Loan. Then why should you choose Dhanlaxmi Bank for a Gold Loan? Here are some reasons
- The bank is very dedicated to its customers.
- High Loan amount from a minimum in thousands to a crore.
- Quick processing.
- Bad credit history/ CIBIL score, not an issue.
- Instant Processing and Disbursal.
- The lowest interest rate on Dhanlaxmi Bank Gold Loan.
- Minimum documentation required to avail Dhanlaxmi Bank Gold Loan.
- Flexible repayment options
Dhanlaxmi Bank Gold Loan Rate per Gram
The amount of Gold Loan that you get per gram of your gold is directly dependent on the purity of your gold and the current prevailing rates of that purity of Gold in the market. The rate of gold changes daily in the market and therefore, the Dhanlaxmi Bank Gold Loan Rate per Gram also varies every day. Dhanlaxmi Bank gives a funding of up to 70% of the total market price of your Gold keeping the remaining 30% as security margin.
You will get ₹1755 to ₹2145 for a gram of Gold depending on its purity and the market price for your Dhanlaxmi Bank Gold Loan.
**Keep in mind that only the weight of gold is considered and not the weight of stones on your jewellery**
Dhanlaxmi Bank Gold Loan Eligibility
Gold Loan is a financial product provided by the Dhanlaxmi Bank which caters to your needs of short term or long term funds. It is easy to avail financial service provided by banks at low rates of interest and also requires minimal documentation for the same. Dhanlaxmi Bank gives you the Loan amount within an hour of application as the valuation and approval process is quickly done keeping in mind your urgency regarding the need for funds.
Major Eligibility criteria for availing the Dhanlaxmi Bank Gold Loan is:
- The applicant should be a permanent Indian citizen who is at least 18 years of age and not more than 70 years (In most cases).
- The applicant should be the rightful owner of the Gold that he/she wishes to pledge with the bank.
- The Minimum weight of Gold that can be pledged is 10 grams and the applicant becomes ineligible for Gold Loan if he/she has less than 10 grams of gold.
- The Minimum purity of Gold required to be eligible for Loan is 18 carats. Also, Gold coins issued by banks are accepted up to 50 grams (In most cases).
- 24 Carat Gold in any form, Gold bars, Gold biscuits, and etc. are not recognised as valid forms of Gold to be kept as security for the Dhanlaxmi Bank Gold Loan.
- A good Credit or CIBIL score is not required to apply for the Gold Loan as it is a fully secured financial service against your Gold as collateral security.
Dhanlaxmi Bank Gold Loan Documents Required
Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the Dhanlaxmi Bank wherein funds are provided for fulfilling the financial needs of the applicant. The gold ornaments of the applicant are kept as security by the bank in exchange for the funds. The entire Dhanlaxmi Bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures high security of your gold ornaments till the loan is closed.
Documents required for Applying for Dhanlaxmi Bank Gold Loan are :
A duly filled and signed Gold Loan application form shall be submitted along with the following documents:
- 2 latest passport-sized photographs
- Basic KYC documents :
- Identity Proof (Only one is required): Aadhar Card, Pan Card, Passport, Voter ID, and etc.
- Residence Proof (Only one is required): Aadhar Card, Pan Card, Voter ID, Ration Card, Electricity or Water Bills in the name of the applicant, or Rental Agreement(In case you live in a rented house).
- Agricultural Land Proof and Income Statement of the applicant are required in the case the applicant wants the Dhanlaxmi Bank Gold Loan for Agricultural purposes.
- If you are an existing customer of the bank you may not be required to submit any documents as the bank will already have your verified details.
**Any other documents as requested by the bank shall be duly submitted.**
Dhanlaxmi Bank Gold Loan Apply Online
Applying for the Dhanlaxmi Bank Gold Loan service is a simple and hassle-free process which can be done from the comfort of your home. You can do it online by visiting the bank’s official website and submitting a form with basic information regarding yourself and the Gold Loan you wish to avail. You will then need to visit the branch with the required documents and your gold.
You can also apply with Dialabank by following the below mentioned steps to get a Gold Loan as per your need.
- Visit Dialabank’s digital platform, where you will have to just fill a form without any registration.
- Our Relationship Manager will contact you and assist you throughout the Gold Loan process and guide you in fulfilling your financial needs.
- You will get personalised service giving you the option of comparing and taking the best deal according to your needs without any extra charges.
- With Dialabank you can compare the different offers and schemes from different banks on the basis of funding provided and the rate of interest charged to choose the best loan deal for yourself.
Use of Dhanlaxmi Bank Gold Loan
The funds acquired by availing the Dhanlaxmi Bank Gold Loan service can be used for a number of purposes such as:
- To finance any personal expenses such as a wedding, travel, payment of higher education fees, and etc.
- For all your business needs such as buying raw material, expansion of business, and etc.
- You can also avail a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.
Why Dialabank for online Dhanlaxmi Bank Gold Loan?
- Firstly www.dialabank.com offers a very easy process of application for Online Gold Loan.
- After that, the applicant gets a good comparison of the gold interest rates of other banks as well.
- Furthermore, the company provides the document pickup facility from your doorstep.
- Lastly, you will get the best as well as the lowest interest rate. Moreover, for more information call 9592046860 or 60011600 with your city code.
FAQs About Dhanlaxmi Bank Gold Loan
Q. How much Gold Loan can I get per gram in Dhanlaxmi Bank?
The per gram Gold Loan ranges between ₹1755 to ₹2145 and it is subject to change based on the purity of your gold and the market prices. Dhanlaxmi Bank provides Gold Loans at competitive interest rates for the customers in need of urgent funds.
Q. What is Dhanlaxmi Bank Gold Loan?
Dhanlaxmi Bank offers loans against gold at competitive rates of interest which depends on the amount of the loan to be borrowed. You can Gold Loan to fulfill any expenses whether leisure (travel, wedding, etc.) or professional (business use). The bank also provides easy repayment options.
Q. What is the Gold Loan interest rate in Dhanlaxmi Bank?
Dhanlaxmi Bank offers Gold Loans at interest rates starting from 9.90% per annum. The bank also charges a processing fee of 1% of the loan amount.
Q. How to pay Dhanlaxmi Bank Gold Loan online?
Payment of Dhanlaxmi Bank Gold Loan can be done using Standing Instruction or ECS payment system. For more information, you can contact the customer care executive of the bank.
Q. How to apply Gold Loan in Dhanlaxmi Bank?
You can apply for Gold Loan from Dhanlaxmi Bank by visiting the branch physically and submitting your application form with the required documents. You can also apply online through Dialabank’s digital platform to avail the best deals on Gold Loans from different banks.
Q. How to renew Dhanlaxmi Bank Gold Loan online?
You will have to visit the branch and contact the officer in charge of your file to understand and initiate the process of renewal. Your gold will undergo a revaluation process for new terms to be decided.
Q. How to take Gold Loan from Dhanlaxmi Bank?
Taking a Gold Loan from Dhanlaxmi Bank is a simple and hassle-free process that just requires you to fill a form and submit your documents along with your Gold as security. The bank ensures quick disbursal of loans and easy repayment options.
Q. What is Gold Loan in Dhanlaxmi Bank?
Dhanlaxmi Bank provides Gold Loans at an attractive rate of interest starting from 9.90% per annum for the fulfillment of your urgent monetary requirements. The loan amount can be used to meet a number of expenses.
Q. How to get Dhanlaxmi Bank Gold Loan?
You can get a Gold Loan through a simple and hassle-free process either by visiting the bank branch or applying online at Dialabank.
Q. How to check Dhanlaxmi Bank Gold Loan status?
You can check the status of your Gold Loan by contacting your loan branch either in person or through customer care number.
Q. How to close Dhanlaxmi Bank Gold Loan?
Your Dhanlaxmi Bank Gold Loan can be closed by repaying the entire due amount in following three ways:
- Standing Instruction on your Dhanlaxmi Bank account.
- ECS on your other bank’s account.
- Post-Dated Cheques deposited with the branch.
Q. How to renew Dhanlaxmi Bank Gold Loan?
The renewal process requires you to visit your loan branch for a revaluation process of your Gold. You may be charged with a renewal fee and will have to submit a renewal application form with the bank.
Q. What happens if someone defaults Dhanlaxmi Bank Gold Loan?
If you default the repayment of your Dhanlaxmi Bank Gold Loan, the bank will charge a penalty fee and may even auction your gold to recover the amount. Defaulting on your loan also decreases your Credit Score and makes it difficult to avail of a loan in the future.
Q. How many branches of Dhanlaxmi Bank Gold Loan?
Dhanlaxmi Bank is a private sector bank which was founded in 1927. The bank has over 280 branches spread across the nation to meet your banking needs.
Table of Contents
- 1 About Dhanlaxmi Bank Gold Loan
- 2 Dhanlaxmi Bank Gold Loan Interest Rate
- 3 Why Gold Loan preferred over other loans?
- 4 Why Should You Choose Dhanlaxmi Bank Gold Loan?
- 5 Dhanlaxmi Bank Gold Loan Rate per Gram
- 6 Dhanlaxmi Bank Gold Loan Eligibility
- 7 Dhanlaxmi Bank Gold Loan Documents Required
- 8 Dhanlaxmi Bank Gold Loan Apply Online
- 9 Use of Dhanlaxmi Bank Gold Loan
- 10 Why Dialabank for online Dhanlaxmi Bank Gold Loan?
- 11 FAQs About Dhanlaxmi Bank Gold Loan
- 11.1 Q. How much Gold Loan can I get per gram in Dhanlaxmi Bank?
- 11.2 Q. What is Dhanlaxmi Bank Gold Loan?
- 11.3 Q. What is the Gold Loan interest rate in Dhanlaxmi Bank?
- 11.4 Q. How to pay Dhanlaxmi Bank Gold Loan online?
- 11.5 Q. How to apply Gold Loan in Dhanlaxmi Bank?
- 11.6 Q. How to renew Dhanlaxmi Bank Gold Loan online?
- 11.7 Q. How to take Gold Loan from Dhanlaxmi Bank?
- 11.8 Q. What is Gold Loan in Dhanlaxmi Bank?
- 11.9 Q. How to get Dhanlaxmi Bank Gold Loan?
- 11.10 Q. How to check Dhanlaxmi Bank Gold Loan status?
- 11.11 Q. How to close Dhanlaxmi Bank Gold Loan?
- 11.12 Q. How to renew Dhanlaxmi Bank Gold Loan?
- 11.13 Q. What happens if someone defaults Dhanlaxmi Bank Gold Loan?
- 11.14 Q. How many branches of Dhanlaxmi Bank Gold Loan?