Gold Loan Chatra

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

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    Gold Loan Chatra

    Gold Loan Chatra

    In need of financial assistance? Gold loan is one of the best options available in the market. It is a hassle-free and straightforward process, with minimal documentation and easy protocols. It falls under the category of secured loan. It is readily available in the market and can be availed anytime. It is a financial help provided by the commercial banks and NBFCs to their customers. It can be used for a number of purposes, like buying agricultural equipment or even paying off your previous debts.

    Why Should You Apply for Gold Loan Chatra?

    1. No hidden charges- There are no hidden charges.
    2. Low Rate of Interest- In contrast to services like personal loans, the gold loan has the least interest rate as banks keep security against the loan.
    3. Quick approval- If you are eligible and have all the documents, then the gold loan gets quickly approved.
    4. No credit checks- The applicant’s credit history does not matter as he is mortgaging his gold.
    5. No co-signer needed- There is no need of a third person.
    6. Multi-purpose loan – Gold Loan Chatra is also known as a multipurpose loan. You can use this loan for any purpose. It can be a wedding, vacations, business, medical, or any other personal need.

    Gold Loan Chatra Eligibilitygold Loan Chatra

    1. The age of the customer should be at least 18 or above.
    2. The applicant should be an Indian citizen.
    3. The applicant should have gold in an appropriate form.
    4. The quality of the gold should be 18 karats to 22 karats. 24 Karat gold is not acceptable.

    Gold Loan Chatra Documentation

    1. Identity Proof (Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport).
    2. proof of residence (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).
    3. Two passport-sized coloured photographs.


    gold loan

    Gold Loan Chatra Interest Rate

    Bank Interest Rate
    HDFC Bank Gold Loan 9.9% to 14%
    Axis Bank Gold Loan 10.50% to 16%
    ICICI Bank Gold Loan 10.75% to 16%
    SBI Gold Loan 9.5 % to 13%
    Kotak Gold Loan 11% to 14%
    IIFL Gold Loan 9.24% to 24%
    Muthoot Gold Loan 12% to 24%
    Manappauram Gold Loan 12% to 26%
    PNB Gold Loan 10.05% to 16%
    Canara Bank Gold Loan 9.75 % to 13%
    Andhra Bank Gold Loan 10.70% to 16%

    Know More – Gold Loan Interest Rate

    Gold Loan Chatra Features

    1. You get 100% Safety & Security of your Gold Jewelry
    2. Get your Loan processed in less than 30 minutes
    3. Lower Interest Rates on Gold Loan Chatra
    4. Gold Loan Chatra has Simple documentation and fast processing.

    Know More –  Gold Loan Features and Benefits

    On What Factors Loan Amount Depends?

    The amount of Loan given depends on mainly two factors:

    1. The Quantity of Gold: The weight of gold is one of the main factors that decide the amount of loan disbursed to the customer. The weight is measured after subtracting the weight of the stones(if any) in the jewellery. Higher the quantity of gold more is the amount that can be given to the customer.

    Minimum 10 grams of gold is required for loan approval.

    1. Quality of Gold: The purity should lie between 18 Carat to 22 Carat. Therefore, the better the purity of gold, the more is the amount of loan that can be approved.

    24 Carat Gold is not accepted for Gold Loan.

    What is Gold Loan Repayment Schemes?

    1. Bullet Repayment: In this service, the applicant just has to pay the interest rate during the tenure of the loan. Therefore the principal amount has to be paid at the end of the loan tenure. But, this option is provided to the customers availing short term loans. The interest rate is paid on a monthly basis through EMI’s.
    2. Overdraft Facility: It is available mostly by self-employed people. As people owning a business have fluctuating money requirements. Through this service, one can withdraw money according to their needs. That is, the applicant can choose the amount from the total loan amount disbursed for which they want to pay interest. Thus, the interest is applied to the amount that is withdrawn by the customer.
    3. EMI Facility: In this option, a fixed amount is calculated that the applicant has to pay monthly. This value includes a part of the principal amount and the interest rate. This scheme is becoming popular among people.

    Rate
    5 Yrs
    4 Yrs
    3 Yrs
    10.50%
    2149
    2560
    3250
    11.00%
    2174
    2584
    3273
    11.50%
    2199
    2608
    3297
    12.00%
    2224
    2633
    3321
    12.50%
    2249
    2658
    3345
    13.00%
    2275
    2682
    3369
    13.50%
    2300
    2707
    3393
    14.00%
    2326
    2732
    3417
    14.50%
    2352
    2757
    3442
    15.00%
    2378
    2783
    3466

    Know More – Top Reasons why Gold Loan is the best borrowing option

    How to Apply for Gold Loan Chatra?

    1. A person can easily apply online on DialaBank Website.
    2. The process is very easy and hassle-free.
    3. For any assistance, call us on +91 9878981166.

    About Chatra

    Chatra is a city in the Chatra district in the state of Jharkhand.