All About Gold Loan Simliguda
What is Gold Loan Simliguda ?
Gold loan is taking a loan against your gold ornaments, which means that who are in need of immediate cash can now avail this facility provided by banks across the country. This option will actually save you from facing money problems. Keep reading to know more about gold loan and prepare yourself in a better way while considering a gold loan.
Gold Loan Simliguda Interest Rates
Loan against gold is available at very reasonable rate of interest. The main reason behind low interest is that this type of loan comes under secured loans. The Rate of Interest does change after a period of time but there are no such major changes that have been seen so far. Gold loan Simliguda is now available at 1% Rate of Interest per month.
- Rate of Interest on Gold Loan is 10.70%
- Offers very low processing fee @ 0.85%
- You can take Gold loan for a minimum period of 6 months that can go maximum up to 5 years
Know More – Gold Loan Per Gram
Gold Loan Simliguda Eligibility
- It is very easy to avail gold loan. Keep the following things in mind to ensure yourselves that whether you are eligible for loan or not:
- Person with 10 grams of gold can avail loan
- The person availing loan must a citizen of India and should not be below the age of 18
- There is no CIBIL Score checked, so anyone can go for it
- Only 18 karat and 22 karat of gold is accepted
- Gold must be in the form of an ornament, no biscuits or coins are accepted for gold loan disbursal.
Know More – What is CIBIL Score?
Documents Required for Gold Loan Simliguda
- 2 passport sized photographs
- Any ID proof like PAN card/Adhar Card/Passport copy
- Residence proof (Utility bills/Adhar card)
*Note: In case of women, banks provide loan up to 1 Lakh without PAN card.
Gold Loan Features and Benifits
- Your Gold is 100% secured with the banks.
- Lower interest rates as compared to other schemes and offers
- Very less paper work is into action while proceeding with the procedure
- Genuine and maximum value of your gold is provided
- Disbursal of loan in just 30 minutes
How to Apply for Gold Loan Simliguda ?
Now you can apply online for Gold Loan by sitting at your home with one click. All the services will be provided to you by our customer relationship managers who will help you choose the right type of loan for you with the right bank.
- Just fill a simple form dislayed on our website related to your personal details so that our customer care department can check your financial status and your eligibility for the loan that you have applied.
- Our Customer Relationship Managers will call you and allocate you the right bank according to your detials
- The bank executives will arrive at your doorsteps to collect required documents from you.
- Only at the time of submission of gold you have to pay a visit to the bank, the rest will be taken care of by the bank’s executives.
Frequently asked FAQ’s about Gold Loan
Ques1: What is Gold Loan Interest Rate formula?
The Gold Loan Interest Rate varies from bank to bank. Mainly, it depends on the amount of loan and LTV ratio of the gold.
Ques2: How to pay Gold Loan online?
You have an option to pay loan amount online through various online payment applications.
Ques3: How does Gold Loan work?
Gold Loan is very simple to understand as well as easy to avail. Just go to your bank from where wish to take loan, keep your gold as a security with the bank and get hassle-free disbursal in less than one hour.
Ques4: Is Gold Loan secured or not?
Everyone is worried when it comes to Gold Loan. So, you need not worry about it as your gold is 100% secured with us.
Ques5. What if the person is not able to repay the amount of loan?
If the applicant is unable to return the loan amount at fixed tenure, the bank is liable to sell his gold.
Ques6. What is the best online platform to avail gold loan?
Dialabank is the best platform to get a loan, since we being the first helpline for loans our executives will guide you to right direction to avail loan.
Gold Loan Interest Rate of Different Banks – Updated on 2019
* For any assistance regarding Gold Loan, call us on 95920-46860, our trained Relationship Managers will solve all your queries.
Know More About Gold Loan
- 3 Best Methods Repaying Gold Loan
- 4 Different Ways of Repaying Your Gold Loan
- Gold Loan Interest Rate
- What happens when you don’t pay a Gold Loan?
- Gold Loan From Top banks And NBFCs in India
- Gold Loan Near Me
Table of Contents
- 1 All About Gold Loan Simliguda
- 1.1 What is Gold Loan Simliguda ?
- 1.2 Gold Loan Simliguda Interest Rates
- 1.3 Gold Loan Simliguda Eligibility
- 1.4 Documents Required for Gold Loan Simliguda
- 1.5 Gold Loan Features and Benifits
- 1.6 How to Apply for Gold Loan Simliguda ?
- 1.7 Gold Loan Interest Rate of Different Banks – Updated on 2019
- 1.8 Know More About Gold Loan