All About Gold Loan Indira Nagar CMH
Gold Loan is nothing but a loaning scheme in which the bank provides the principal amount to the borrower by taking in the collateral. In a gold loan, you can use any of your gold ornaments as collateral against the loan amount. Also, this loan is said to be a secure way of taking credit from the bank. As a result, interest rates are quite affordable.
Benefits of taking Gold Loan Indira Nagar CMH
Firstly, you get to avail a low-interest rate in comparison to any other loaning scheme.
Secondly, you can use the loan amount in any you way like the bank has no restrictions for the loan amount.
In addition to this, your loan is entirely safe in the bank locker’s, and the bank takes its full responsibility.
As the value of gold never decreases you will always get high to loan value ratio with these loans.
Moreover, you can easily apply for this loan online and get approval within 15 minutes.
Furthermore, this loan is one of the fastest and the safest way of taking a loan amount from the bank in a short period.
You can expect the disbursal to be done on the same day of applying
Eligibility for taking Gold Loan in Indira Nagar CMH
Firstly, your age should be in between 18 years to 61 years.
Also, the applicant needs to be an Indian citizen.
Most importantly, your collateral must weigh more than 10 grams and has purity ranging from 18 karats to 22 karats.
The borrower should own the collateral.
Required documentation for Gold Loan Indira Nagar CMH
Following Are the Documents required for your Gold Loan
Identity Proof: Aadhar card/PAN Card/ Driving License/Voter ID Card
Address Proof: Aadhar card/PAN Card/ Driving License/Voter ID Card/ Ration Card
One copy of PAN Card
Passport sized colored photographs.
Benefits of taking Gold Loan
First of all Gold Loan is available online at desirable and affordable rates of interest.
After that, the process of application is straightforward and simple; anybody can apply for a gold loan in 2 minutes on the mobile.
Besides that, the interest rates are quite low because the gold loan is considered as a secured loan.
If you apply through www.dialabank.com, then your documents will be picked up from your doorstep.
The overall process is hassle-free and time-saving.
Interest Rates for Gold Loan Indira Nagar CMH
The monthly rate of interest for gold loan starts at 10.00 %. Also, you can apply for foreclosure and get your collateral before time from the bank. 0-3% is the total loan amount that the bank takes as the foreclosure charges.
How does the bank provide Gold Loan?
Firstly, you apply for the loan online.
After that, the bank will get your loan request, and one of the employees will evaluate it.
Now at this point, you need to take your documents and collateral gold ornament to your nearest bank branch.
Bank checks the purity and measures the collateral weigh and decides the loan amount and its respective rate of interest.
Finally, you get the loan amount, and the disbursal of the loan takes place.
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