Gold Loan Lakhisarai

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

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Gold Loan Lakhisarai

Gold loans have made it possible for you to make your gold ornaments to work, so why not use it? With Dialabank you can get easy access to the gold loan within just a matter of 30 minutes. This way you can make your goldwork too. You have to deposit gold with the Bank and have access to cash.

What is a Gold Loan?

Gold Loan, is the Loan which 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 specific procedural steps. Gold loans have become easier and quicker.

Gold Loan Lakhisarai Interest Rate

  1. ROI on Gold Loan Lakhisarai is 9.90% and can go till 24%.
  2. The processing fee on Gold Loan Lakhisarai is charged @ 0.85%
  3. Gold Loan Lakhisarai can be procured for a minimum period of 6 months, which can be taken up to a maximum period of 5 years.
Bank
Interest Rate
HDFC Bank Gold Loan
10.25% 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%

Eligibility Criteria and Documentation required for Gold Loan Lakhisaraigold loan Lakhisarai

  1. Identification proof such as Passport, Voter card, or driving license.
  2. Address proof which includes electricity bill, ration card, etc.
  3. Passport, DL or any other proof with signature needs to be submitted for signature proof.
  4. Two passport size photographs are also required.
  5. The applicant should be atleast18 years old.
  6. The gold ornament submitted should be at least 18 carats or above.
  7. The gold loan can be availed by an applicant who has at least 10 grams of gold.

Charges associated with Gold Loan Lakhisarai

  1. Some of the service providers may waiver Loan, but some banks do charge a processing fee.
  2. Valuation Charge is the charges to be paid to the evaluator. Such fees 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.
  4. The applicant should consult with the loan provider before taking the Loan. These charges could change the amount that you may finally receive and should also check for the methods of repayment of the gold loan.
gold loan at 7%

Advantages of Gold Loan Lakhisarai

  1. The documentation required for Gold Loan Lakhisarai is very minimal, and so it doesn’t demand any certificate to show your salary or income. Credit card history is also not required.
  2. Gold Loan Lakhisarai requires only a few documents, such as ID proof and address proof. After providing such materials, the applicant can avail 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 Lakhisarai is the most convenient and straightforward form of Loan because all you need to do is pledge your gold here with a bank 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.

How to Apply for Gold Loan Lakhisarai?

  1. You can avail Gold Loan Lakhisarai with a single click while sitting at home. Our customer relationship manager will be providing you with the service of helping you choose the right type of Loan for you.
  2. Just fill a simple form so that our customer care department can look up for your finances 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 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.

How to Calculate Gold Loan Lakhisarai Interest Rate?

  1. Rate of Interest: It is the amount that is charged on the amount of Loan. The Gold Loan Interest Rate depends on the factors stated below:
  2. Internal/External Customer: The loan seekers who have an account in the Bank from where they want to avail the Loan, then such customers are known as internal customers. Internal customers are given a rebate on the rate of interest charged by the applicant.
  3. Amount of Loan: The loan amount is the primary factor that decides the rate of interest that will be charged from the applicant. The Gold Loan Interest Rate is higher for loans with lesser amounts. Thus, the more the amount of credit, the lower is the Rate of Interest.
  4. LTV Ratios: Furthermore, lending institutions charge a higher rate of interest on the gold loan with a high LTV ratio. Thus, the more the LTV of the gold jewellery, the higher is the Rate of Interest charged by the applicant.

Gold Loan EMI Calculator

It is essential to know the amount one has to pay every month to the Bank. Therefore, you have an option to estimate the EMI before availing a loan. You can do so very quickly. Just click below and get to know the amount of the EMI you will have to manage monthly.

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

About Lakhisarai

It is a town in the state of Bihar with a population being close to 1,00,000. It is the administrative headquarter of Lakhisarai district. With dialabank providing their services all across the country it has become easy to have access to a gold loan.

Other Cities for Gold Loan in Bihar

Gold Loan Kotpad Gold Loan Hodal
Gold Loan Rajnandgaon Gold Loan Bijwasan
Gold Loan Faridabad Gold Loan Burari
Gold Loan Noida Gold Loan Karawal Nagar

 

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