Gold Loan Shirala

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

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Lowest Rate of Interest
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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gold loan ShiralaGold Loan Shirala

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 Shirala? – Click Here

What is Gold Loan?

Gold Loan is increasingly become the centre of attention due to its easy terms and conditions in this fast-moving world where people need more and more money to meet their requirements. Gold loan is a better option amongst other financial products.

What is Gold Loan Shirala Interest Rate?

  1. Interest Rate: Gold Loan Shirala Rate starts at 9.90% per annum.
  2. Gold Loan Shirala Processing Fees: The banks and lending institutions charge around 2% of the loan amount as processing charges.
  3. Loan Tenure: Six Months to 48 Months.
  4. Gold Loan Per Gram: The loan amount sanctioned for per gram of gold is around Rupees 1,750 to Rupees 2,100. Gold Loan Per Gram depends upon the purity of the gold.
Bank
Interest Rate
HDFC Bank Gold Loan
10.25% 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

Why should one apply for a Gold Loan Shirala?

  1. Great Availability: Gold Loan Shirala 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 of Gold Loan Shirala 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 Shirala

ELIGIBILITY

Age

Minimum:18 year

Maximum (at loan maturity): 70 year

Gold requirements

Minimum 10 gram of gold

Loan Amount

Minimum:15k

Maximum: No Limit

Citizenship

Indian

Employment Status

Salaried

Self-employed

Documents Required for Gold Loan Shirala

  1. Borrower Identity: Two passport size coloured photographs
  2. Proof of Identity: Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.
  3. Residence Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
  4. Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque
Additional Documents Required for Gold Loan Shirala:

The banks generally demand the above-given documents. However few banks demand some additional documents, which are mentioned below:

  1. Land Proof: In the case of Agriculture Loan of more than Rs.1 lac. The proof is not required for allied agriculture purposes.
  2. A Demand Promissory Note.
  3. Certificate by the Jewel Appraiser (Bank will arrange).
  4. Income Proof: Salary Certificate and Form No.16.
gold loan at 7%

Who all can apply for Gold Loan Shirala?

  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 Shirala

  1. No income and salary criteria– Gold loans do not require any documentation or validation for income or salary of the person. So even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return of the money.
  2. Relatively Lower interest rates– Another advantage of taking Gold Loan Shirala is that they are available at low interest rates, say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
  3. You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
  4. Total Convenience- The most convenient of all the loans is Gold Loan Shirala. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.
  5. Less processing time- No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.

Know More –  Gold Loan Benefits

How to apply Gold Loan Shirala?

  1. The applicant has to pledge gold jewellery to the lender in return for the loan amount. After you take your jewellery to the bank, the in-house jewellers access your gold jewellery in terms of Shiralaity 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.
  5. For further information please contact +91 9878981166.

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

About Shirala

Shirala is a town and tehsil in the district Sangli, India. It is known for its Hindu festival of “Snake God”. To get a gold loan, it is easy to apply through Dialabank. We offer you a very minimal interest rate as compared to others in the market. Call us on 9592046860 for more details.

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