Gold Loan Afzalpur

Ever thought a metal could be a lifesaver? If not, then it’s about time that you change your perception about it. Gold loan afzalpur in today’s market are the real deal and thus with that, you can arrange your finance in the blink of an eye.

What is a Gold Loan?

Gold loan, as the name suggests is the loan that is issued to the applicant against the mortgage of gold. Any person can have access to gold loans after depositing the gold he/ she wants to deposit as a mortgage and following certain procedural steps. Overall procuring gold loans is easy.

Advantages of Gold Loan Afzalpur

  1. The documentation required for Gold Loan Afzalpur is very minimal and so it doesn’t demand any sort of certificate to show your salary or income. Credit card history is also not required.
  2. Gold Loan Afzalpurrequires only a few documents such as ID proof and address proof. After providing such documents the applicant can avail of the loan.
  3. Interest rates are an attractive deal for gold loans. Usually, the interest rate varies between 12-16% per annum and is also quite as low compared to personal loans.
  4. In agricultural areas, the gold loan is available at an interest rate of only 7-8%.
  5. Gold Loan Afzalpur is the most simple and convenient form of loan because here all you need to do is pledge your gold with a bank or finance company and you can avail up to 75% of the market value of the gold as loan.
  6. The borrower here has the option to pay only the interest during the term of the loan and can pay the principal amount once the term is over.
  7. The gold is 100% secure and the loan can be procured under 30 minutes.

Eligibility Criteria and Documentation required for Gold Loan Afzalpurgold loan afzalpur

  1. Identification proof such as Passport, Voter card or driving license.
  2. Address proof such as electricity bill, ration card, etc.
  3. Passport, DL or any other proof with signature needs to be submitted for signature proof.
  4. 2 passport size photographs are also required.
  5. The applicant must at least be 18 years old.
  6. The gold ornament submitted should be at least 18 carats or above.
  7. Gold Loan Afzalpur can be availed by an applicant who has at least 10 grams of gold.

Charges associated with Gold Loan Afzalpur:

  1. Some of the service providers may waiver loan processing charges but some banks do charge a processing fee.
  2. Valuation Charge is the charges to be paid to the valuator. Such charges are specific to the service provider. Those having in-house evaluators do not charge any extra amount for valuation.
  3. Most of the service providers charge for late payment this usually varies from one institution to the other.
The applicant should check with the loan provider before taking the loan. These charges could change the amount that you may finally receive.

Gold Loan Afzalpur

1.    ROI  on Gold Loan Afzalpur is 10.75% and can go till 24%.
2.    The processing fee charged is usually very low and thus it is charged @ 0.85%
3.    Gold loan can be procured for a minimum period of 6 months which can be extended up to a maximum of 5 years.

How to Apply for Gold Loan Afzalpur?

1.    You can avail a gold loan with a single click while sitting at home. All the services will be provided to you by our customer relationship managers who will help you choose the right type of loan for you.
2.    Just fill a simple form related to your personal details so that our customer care department can check your financial status and your eligibility for the loan that you have applied.
3.    You will be led to the right banker for more details on your loan. The bank executives will arrive at your doorsteps to collect the required documents from you.
4.    Only at the time of submission of gold you have to pay a visit to the bank, the rest will be taken care of by the bank’s executives.

Gold Loan EMI Calculator.