About Gold Loan Pune
What is Gold Loan?
Gold Loan Pune Interest Rate
Know More – Gold Loan Interest Rate
Gold Loan Pune Eligibility
- Firstly, the minimum age of the borrower must be 18 years.
- Secondly, Maximum age must not be more than 70.
- Also, the borrower must be authorized citizen of India.
- Moreover, there are no criteria for salaried or self-employed customers. Anyone can apply for Gold Loan.
- Further, the purity of Gold must range between 18 karats to 22 karats.
- In addition to it, the minimum weight of Gold is 10 gram.
Benefits of Taking Gold Loan Pune
- Firstly, Gold Loan Pune is a secured service; hence, it is available at a swift pace. As a result, you can get your loan in less than 2 hours of applying.
- As compared to the other Loans, the Interest Rate of Gold Loan is very reasonable.
- Gold Loan foreclosure charges are very low.
- As it is secured Loan, so the customer does not have to worry about bad loan repayment history.
- Gold Loan Pune does not consider any income proof.
- In addition to that, there are no extra charges to apply for the Gold Loan.
- The best part is that the borrower can pay the principal amount at the end of the tenure.
Know More- Gold Loan: Factors to Remember
Documentation Required for Taking Gold Loan Pune
- Identity proof- Aadhar Card/PAN Card/Passport/Voter ID
- Residence proof- Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of applicant/ Rental Agreement of applicant/ Voter ID card.
- Signature proof- Passport/ Driving License/Voter Card
How to Apply for Gold Loan Pune Online?
- Firstly, a person needs to go to our website, dialabank.com.
- After that, you need to fill an application form with your basic details.
- In addition to that, you need to provide your phone number which is working so that we can contact you.
- Once you dill the form, your work is done here.
- Now you can have a seat and relax, our Relationship Manager will contact you within 30 minutes and will give you the best possible loan available in the market.
- Further, our Relationship Manager will make sure that you will get the best interest rate in the market, along with a high loan-to-value ratio (70-75% of the real value).
- Finally, once you decide from which bank you want to take a loan, all you need to do is go and deposit your gold and take back the money.
- Within 24 hours, your loan will get dispersed.
About Pune
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 |
10.00% – 14.50% |
|
10.00% – 16.10% |
|
12.00% – 24.00% |
|
14.50% – 17.00% |
|
19.00% – 26.00% |
|
10.00% – 15.99% |
|
19.00% – 26.00% |
|
11.75% 13.50% |
|
12.00% – 12.00% |
|
12. 90% – 14.65% |
|
12.65% – 12.65% |
|
11.70% – 10.45% |
|
11.15% – 15.75% |
|
10.75% – 11.75% |
|
14% – 26% |
|
11.5% – 14.5% |
|
14% – 16% |
|
11.05%-15% |
|
10.00% – 15.99% |
|
19.00% – 26.00% |
|
11.75% – 13.50% |
|
12.00% – 12.00% |