Gold Loan Nedumangad
Gold is a precious metal. It has emotional, cultural, and financial value and different people across the globe buy gold for various reasons. But, today, because of emerging banking sector facilities, Gold Loan Nedumangad can also help to meet the financial needs of people who have required the loan against gold to cope up with their financial crises.
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What is Gold Loan?
Gold Loan is a loan for which you have to pledge your gold to the bank as security, and it provides you loan amount according to the quantity and the quality of your gold. Furthermore, The pledged gold will be kept safe in bank lockers, and they are liable for the security of your gold. Finally, The moment you return the loan amount with an interest rate, you will get back your gold as it is.
GOLD LOAN @ 0.75%*
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What is Gold Loan Nedumangad Interest Rate?
- Gold Loan Nedumangad Interest rate – 9.90%
- Also, offer low processing fee – 0.85%
- Further, pre-closer charges range from 0 – 2 %.
- Besides Tenure minimum of six months; maximum five year
- Lastly Amount – Thousand to a crore
| Bank | Interest Rate |
| HDFC Bank Gold Loan | 9.9% to 14% |
| Axis Bank Gold Loan | 10.50% to 16% |
| Private 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
Why should one apply for a Gold Loan Nedumangad?
- Great Availability: Loan against gold is a secured service. Therefore the processing of this Loan is very quick and hassle-free as the bank is mostly concerned with the quality and weight of the gold.
- Low Rate of Interest: In contrast to services like personal loans, the gold loan interest rate has very low in banks keep security against the Loan.
- Negligible foreclosure charges: Generally, banks do not have any prepayment charges, but some banks can charge a penalty of just 1%.
- 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.
- No qualification of Credit Score: As this is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
- 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.
- 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.
- Flexible tenure: In addition to other advantages, the applicant can choose the tenure of the Loan according to their requirements and needs.
- 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 Nedumangad
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ELIGIBILITY |
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Age |
Minimum:18 year |
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Maximum (at loan maturity): 70 year |
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Gold requirements |
Minimum 10 gram of gold |
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Loan Amount |
Minimum:15k |
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Maximum: No Limit |
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Citizenship |
Indian |
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Employment Status |
Salaried |
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Self-employed |
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Documents Required for Gold Loan Nedumangad
Identity Proof: Aadhar Card/Pan Card/ Passport/ Voter ID
Residence Proof: Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
Agriculture Proof: Agriculture Land Proof.
Photographs: Two passport size colored photos.
Who all can apply for Gold Loan Nedumangad?
- First and foremost, the gold should be in the name of the applicant or family member.
- Secondly, the applicant should be a resident of India.
- Thirdly, The age should lie in between 18 years to 70 years(at the time of loan maturity).
- Next, the bank is not concerned about the employment status of the applicant. Thus salaried, self-employed, homemakers, students anyone can apply for a Gold Loan.
Know More – Gold Loan Per Gram
Benefits of Gold Loan Nedumangad
- Faster processing
- Option to pay interest only
- Lower interest rate
- No processing fees
- Little or no foreclosure charges
- No-income proof required
- Lousy credit history not an issue
- Safety of gold
Know More – Gold Loan Benefits
How to apply for Gold Loan Nedumangad?
A person can easily apply online on www.dialabank.com.
The process is very easy and hassle-free.
The documentation process is very less as well.
Know More – Top Reasons why Gold Loan is the best borrowing option
About Nedumangad
Nedumangad is a city in the Thiruvananthapuram metropolitan area and the district of Thiruvananthapuram of Kerala state, Indian. To get a 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.
