Gold Loan Parlakhemundi

About Gold Loan Parlakhemundi

Do you need financial help and cannot afford it from anywhere? Do you have gold lying in your lockers? What are you waiting for?  Dialabank is the answer to all your financial problems. Taking Gold Loan is the easiest way out as it does not require your CIBIL score, and the interest rates are very nominal, which are easily affordable for you.

Want to know to get instant Gold Loan in Parlakhemundi? – Click Here

What is Gold Loan?

Gold Loan is a secured loan in which a customer pledges his/her gold ornaments as collateral with a company. The company, in return, gives a loan amount as per the market value of gold to the customer.

What is Gold Loan Parlakhemundi Interest Rate?

Gold Loan Parlakhemundi Interest rate – 10.70 %

Also, offer low processing fee –  0.85%

Further, pre-closer charges range from 0 – 2 %.

Besides Tenure minimum six months; maximum five year

Lastly Amount – Thousand to a crore

Know More – Gold Loan Interest Rate

Why should one apply for a Gold Loan Parlakhemundi?

1. 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.
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. 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 this 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 Parlakhemundi

Documents Required for Gold Loan Parlakhemundi

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 Parlakhemundi?

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, homemakers, students anyone can apply for a Gold Loan.

Know More – Gold Loan Per Gram

Benefits of Gold Loan Parlakhemundi

1. Gold Loan Parlakhemundi has Faster processing
2. Option to pay interest only
3. Lower Gold Loan Interest rate Parlakhemundi
4. No processing fees
5. Little or no foreclosure charges
6. No-income proof required
7. Lousy credit history not an issue to avail Gold Loan Parlakhemundi
8. Safety of gold

Know More –  Gold Loan Benefits

How to apply Gold Loan Parlakhemundi?

1. The applicant has to pledge gold jewelry to the lender in return for the loan amount. After you take your jewelry to the bank, the in-house jewelers access your gold jewelry in terms of purity and weight.
2. Then, according to the value of gold, the lenders give the loan seekers cash equivalent to around 70%-75% of the value of their gold.
3. Now the lender has the possession of your gold ornaments until the full repayment of the loan amount.
4. Finally, when you repay the whole amount of loan, the bank returns the gold in the same shape to the customer.

This is the entire process of the service of Gold Loan, which is now available online you can apply on www.dialabank.com. It is a very hassle-free and easy to use as there is less documentation required.

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

About Parlakhemundi

Parlakhemundi  is a town in the district Gajapati of Odisha state, India.It share the boundaries with Andhra Pradesh. 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.

Gold Loan Interest Rates: Updated