Gold Loan Jamshedpur

Gold Rate: ₹ 5,340 Per Gram

Interest Rate 7.0% p.a. ⍟

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Lowest Rate of Interest
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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About Gold Loan Jamshedpur

Gold Loan Jamshedpur

Gold is one of the precious metals for Indians as Its value in our lives cannot be ignored because every person is attached to it emotionally. However, what is the point of keeping your gold in lockers when it cannot help you in times of emergency? Thus, Taking Gold Loan Jamshedpur can help you to overcome financial needs. Also, it is the best way to get cash easily or in a short span.

Want to know get instnat Gold Loan in Jamshedpur? – Click Here

What is Gold Loan?

Gold Loan is the financial service offered by the bank as the majority of people have gold ornaments which are just kept in the lockers. Thus, Gold Loan provides an opportunity for the people to avail a loan against them. Also, Gold Loan Interest Rate is quite affordable and less in comparison to other services. Moreover, the process is very simple and hassle-free.

Gold Loan Jamshedpur Interest Rates

  1. 10.70% is the minimum annual interest rate you can expect on these loans.
  2.  Therefore, the monthly interest rate would end up being lower than 1%
  3. Also, you can foreclose your mortgage by paying the pre-closure charges.
  4. By using this feature, you can get your collateral gold back before the tenure ends. The pre-closure costs range from 0-3% of the total loan amount.
  5. The loan tenure period starts from 6 months and can last up to 5 years.

Know More – Gold Loan Interest Rate

Why should one apply for a Gold Loan Jamshedpur?

  1. Great Availability: Loan against gold is a secured service. Therefore the processing of this Loan is quick as the bank is mostly concerned with the quality and weight of the gold.
  2. Low Rate of Interest: In contrast to services like personal loans, the Gold Loan Jamshedpur has the least interest rate as banks keep security against the Loan.
  3. Negligible foreclosure charges: Generally, banks do not have any prepayment charges, but some banks can charge a penalty of just 1%.
  4. Safety of Ornaments: The ornaments are more secure with the banks due to the strict security In the banking institutions, which is quite less at homes.
  5. No qualification of Credit Score: As Gold Loan Jamshedpur is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
  6. Income-proof not required: The salary of an applicant is not an issue for availing a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
  7. No loan processing charges: Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
  8. Flexible tenure: In addition to other advantages,  the applicant can choose the tenure of the Loan according to their requirements and needs.
  9. Only payment of interest: The applicant has the option to pay the principal amount at the end of the tenure and only the interest every month.

Know More: Gold Loan Features 

Eligibility Criteria for Gold Loan Jamshedpur

  1. Anyone can apply: regular income group, professionals, salaried, businesspersons, homemakers etc.
  2. The applicant must be the age of at least 18 years.
  3. No minimum income required
  4. Gold ornaments of 18 carats and above

NOTE: Only gold (no diamonds or other materials) in the jewellery will be considered for loan amount.

Documents Required for Gold Loan Jamshedpur

  1. Identity Proof: Aadhar Card/Pan Card/ Passport/ Voter ID
  2. Residence Proof: Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of applicant/ Rental Agreement of applicant/ Voter ID card.
  3. Agriculture Proof: Agriculture Land Proof.
  4. Photographs: Two passport size colored photos.

Who all can apply for Gold Loan Jamshedpur?

  1. First and foremost, the gold should be in the name of the applicant or family member.
  2. Secondly, the applicant should be a resident of India.
  3. Thirdly, The age should lie in between 18 years to 70 years(at the time of loan maturity).
  4. Next, the bank is not concerned about the employment status of the applicant. Thus salaried, self-employed, housewives, students anyone can apply for a Gold Loan.

Know More – Gold Loan Per Gram

Benefits of Gold Loan Jamshedpur

  1. Faster processing
  2. Option to pay interest only
  3. Lower interest rate
  4. No processing fees
  5. Low or no foreclosure charges
  6. No-income proof required
  7. Bad credit history not an issue
  8. Safety of gold

Know More –  Gold Loan Benefits

How to apply for Gold Loan Jamshedpur ?

  1. A person can easily apply online on www.dialabank.com.
  2. The process is very easy and hassle-free.
  3. The documentation process is very less as well.

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

About Jamshedpur

Jamshedpur is in the Indian state of Jharkhand. To get gold loan it is very easy when you apply through Dialabank. We offer you the lowest interest rate as compared to others in the market. Call us 9592046860 or (enter area) 60011600 for more details.

FAQ’s for Gold Loan

Q. What is Gold Loan Interest Rate Formula?

A: The Gold Loan Interest Rate varies in different banks. Mainly, it depends upon the amount of loan.

Q. How to pay Gold Loan Online?

A: You have an option to pay a gold loan online through online repayment applications.

Q. How does Gold Loan Work?

A: Gold Loan is very simple to understand as well as easy to avail. The Bank provides you with funds against your gold Jewelry. The amount depends upon the gold weight.

Q. Gold Loan is secured or not?

A: Yes, Gold Loan comes under the category of secured loan. Because the applicant has to put their gold jewelry into the bank’s locker as security or as collateral.

Q. When you don’t repay a Gold Loan amount?

A: If the applicant is unable to return the gold loan amount at fixed tenure, the bank is liable to sell his gold Jewelry.

Q. What is the best online platform to avail gold loan?

A: Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.

  Gold Loan Interest Rates: Updated

Bank

 Interest Rates

HDFC Bank Gold Loan

10.00% – 14.50%

ICICI Gold Loan

10.00% – 16.10%

Muthoot Finance Gold Loan

12.00% – 24.00%

Axis Bank Gold Loan

14.50% – 17.00%

Manappuram Gold Loan

19.00% – 26.00%

Yes Bank Gold Loan

10.00% – 15.99%

Bank of India Gold Loan

19.00% – 26.00%

Federal Bank Gold Loan 

11.75% – 13.50%

IIFL Gold Loan

12.00% – 12.00%

Central Bank of India Gold Loan

12. 90% – 14.65%

Canara Bank Gold Loan

12.65% – 12.65%

Andhra Bank Gold Loan

11.70% – 10.45%

Induslnd Bank Gold Loan

11.15% – 15.75%

PNB Gold Loan

10.75% – 11.75%

Bajaj Finance Gold Loan

14% – 26%

Bandhan Bank Gold Loan

11.5% – 14.5%

DCB Bank Gold Loan

14% – 16%

SBI Gold Loan

11.05%-15%

Indian Bank Gold Loan

10.00% – 15.99%

UCO Bank Gold Loan

19.00% – 26.00%

Kotak Mahindra Bank Gold Loan

11.75% – 13.50%

Syndicate Bank Gold Loan

12.00% – 12.00%

 

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