Gold Loan Puliyur

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Unlock the Real Value of your Gold

Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

What is Gold Loan Puliyur?

Gold Loan Puliyur

If you are looking for immediate finance options in the market, gold loan is one of the best which provides you with instant finances without any hassle or problem, as only a minimal documentation is required. It can be used for any purpose of the choice of the applicant.

Why Should You Apply for Gold Loan Puliyur?

  1. No hidden charges- There are no hidden charges.
  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. Quick approval- If you are eligible and have all the documents, then the gold loan gets quickly approved.
  4. No credit checks- The applicant’s credit history does not matter as he is mortgaging his gold.
  5. No co-signer needed- There is no need of a third person.
  6. Multi-purpose loan – The personal loan 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 Puliyur Eligibility

  1. The age of the customer should be at least 18 or above.
  2. The applicant should be an Indian citizen.
  3. The applicant should have gold in an appropriate form.
  4. The quality of the gold should be 18 karats to 22 karats. 24 Karat gold is not acceptable.

Gold Loan Puliyur Documentation

  1. Identity Proof (Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport).
  2. 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).
  3. Two passport sized colored photographs.

What is Gold Loan Puliyur Interest Rate?

Gold Loan 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 10.75% per annum and can go up to 24% per annum. Different Banks and NBFC’s provides different interest rate to the customers.

Know More – Gold Loan Interest Rate

Gold Loan Puliyur Features

  1. You get 100% Safety & Security of your Gold Jewelry
  2. Get your Loan processed in less than 30 minutes
  3. Lower Interest Rates
  4. 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:

  1. 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 jewelry. 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.

  1. 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 are Gold Loan Repayment Schemes?

  1. 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.
  2. Overdraft Facility: It is availed 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.
  3. 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.

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

How to Apply for Gold Loan Puliyur?

  1. A person can easily apply online on www.dialabank.com.
  2. The process is very easy and hassle-free.
  3. For any assistance, call us on 95920-46860

About Puliyur

Puliyur is a town in Karur district in the state of Tamil Nadu. The population is 10,845.

FAQs 

Ques1: What is Gold Loan Interest Rate Formula?

The Gold Loan Interest Rate varies from bank to bank. Mainly, it depends upon the amount of loan and LTV ratio of the gold.

Ques2: How Does Gold Loan Work?

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.

Ques3: Gold Loan is Secured or Not?

Yes, Gold Loan comes under the category of secured loan because the applicant has to mortgage his gold to the bank as security or as collateral.

Ques4: What happens When You Don’t Repay a Gold Loan Amount?

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

Gold Loan Interest Rate of Major Banks

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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