Gold Loan Periyakulam
You don’t have to kill your desire of buying any expensive thing of your choice if you have gold. A gold loan is the best way to fulfilling all your desires. It has comparatively a low rate of interest as other loans. It is a simple and hassle-free process, with minimal documentation. It can be availed in no time at all for all purposes of your choice.
Why Should You Apply for Gold Loan Periyakulam?
- No hidden charges- There are no hidden charges.
- 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.
- Quick approval- If you are eligible and have all the documents, then the gold loan gets quickly approved.
- No credit checks- The applicant’s credit history does not matter as he is mortgaging his gold.
- No co-signer needed- There is no need of a third person for availing Gold Loan Periyakulam.
- Multi-purpose loan – Gold Loan Periyakulam is also known as a multipurpose loan. You can use this loan for any purpose. It can be a wedding, vacations, business, medical, or any other personal need.
Know More – Gold Loan: Factors to Remember
Gold Loan Periyakulam Eligibility
- The age of the customer should be at least 18 or above.
- The applicant should be an Indian citizen.
- The applicant should have gold in an appropriate form.
- The quality of the gold should be 18 karats to 22 karats. 24 Karat gold is not acceptable.
Gold Loan Periyakulam Documentation
- Identity Proof (Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport).
- proof of residence (Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills of last three months with the name of the applicant).
- Two passport-sized coloured photographs.
Gold Loan Periyakulam Interest Rate
Gold Loan Periyakulam is a service that provides its customers with cash at the best rate of interest. In contrast to other services like Personal Loan and Home Loan, Gold Loan Interest Rate is quite less and reasonable. On average it starts at 9.90 % per annum and can go up to 24% per annum. Different Banks and NBFC’s provides different interest rate to the customers.
|HDFC Bank Gold Loan||9.9% 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%|
Know More – Gold Loan Interest Rate
Gold Loan Periyakulam Features
- You get 100% Safety & Security of your Gold Jewelry
- Get your Loan processed in less than 30 minutes
- Lower Interest Rates on Gold Loan Periyakulam
- Gold Loan Periyakulam has Simple documentation and fast processing.
Know More – Gold Loan Features and Benefits
On What Factors Loan Amount Depends?
The amount of Loan given depends on mainly two factors:
- The Quantity of Gold: The weight of gold is one of the main factors that decide the amount of loan disbursed to the customer. The weight is measured after subtracting the weight of the stones(if any) in the jewellery. Higher the quantity of gold more is the amount that can be given to the customer.
Minimum 10 grams of gold is required for loan approval.
- Quality of Gold: The purity should lie between 18 Carat to 22 Carat. Therefore, the better the purity of gold, the more is the amount of loan that can be approved.
24 Carat Gold is not accepted for Gold Loan.
What is Gold Loan Repayment Schemes?
- Bullet Repayment: In this service, the applicant just has to pay the interest rate during the tenure of the loan. Therefore the principal amount has to be paid at the end of the loan tenure. But, this option is provided to the customers availing short term loans. The interest rate is paid on a monthly basis through EMI’s.
- Overdraft Facility: It is available mostly by self-employed people. As people owning a business have fluctuating money requirements. Through this service, one can withdraw money according to their needs. That is, the applicant can choose the amount from the total loan amount disbursed for which they want to pay interest. Thus, the interest is applied to the amount that is withdrawn by the customer.
- EMI Facility: In this option, a fixed amount is calculated that the applicant has to pay monthly. This value includes a part of the principal amount and the interest rate. This scheme is becoming popular among people.
How to Apply for Gold Loan Periyakulam?
- A person can easily apply online DialaBank website.
- The process is very easy and hassle-free.
- For further information please contact +91 9878981166.
Periyakulam is a town in Theni district in the state of Tamil Nadu. It has a population of 42,976.
|Gold Loan Lingsugur||Gold Loan Malegaon|
|Gold Loan Mohali||Gold Loan Mundra|
|Gold Loan Nanded||Gold Loan Nashik|
|Gold Loan Navi Mumbai||Gold Loan Panruti|
Table of Contents
- 1 Gold Loan Periyakulam
- 2 Why Should You Apply for Gold Loan Periyakulam?
- 3 Gold Loan Periyakulam Eligibility
- 4 Gold Loan Periyakulam Documentation
- 5 On What Factors Loan Amount Depends?
- 6 How to Apply for Gold Loan Periyakulam?
- 7 About Periyakulam