Gold Loan Sivakasi

Major Gold Loan Providers in Sivakasi

Gold Loan Sivakasi Features

A gold loan provides a customer with an amount of loan from the bank at some rate of interest and for a given period of time. Furthermore, the Gold Loan comes in the category of secured loans, therefore the rate of interest is quite low as compared to other loans. Planning for something like a wedding or purchasing an expensive birthday gift, when-ever you are running out of funds, Gold loan comes to your rescue. In such a need of emergency, it would be the best option to use your gold rather than keeping them in the locker. You can further contact 9878981166 in case of any queries.

Also, there is no end-use restriction on the use of the gold loan amount. You can use this loan amount anywhere you want to.

Gold Loan Sivakasi Interest Rates

Documents for Gold Loan Sivakasi

1. Proof of Identity: Passport Copy/ Voters ID card/ Driving License/Aadhaar card.
2. Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
3. Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.
4. 2 passport size photographs.

Additional Documents Required for Gold Loan Sivakasi

1. Land Proof: In 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

Eligibility Criteria for Gold Loan Sivakasi

1. The age of the applicant should not exceed 60 years.
2. The applicant should be at least 21 years of age.
3. The applicant should be an Indian citizen.

How to Apply for Gold Loan Sivakasi

Offline Process to Apply for Gold Loan Sivakasi

The applicant also has an option to avail of Gold Loan from the institutions nearby. To do so, search Gold Loan near me on google. It will enlist all the neighboring institutions from where you can avail of the loan. Then, you will have to visit again and again until the loan approval.

Thus, it can be a very tiring and time-consuming process. Therefore, apply online now with DialaBank.

Online Process to Apply for Gold Loan Sivakasi

Dialabank is considered the best platform to apply for a gold loan online. There are so many reasons behind this.

1. First of all, Dialabank is India’s first financial helpline; it provides the best financial services to customers all over the country.
2. Besides that, the bank has a good reputation among the customers because of its best services.
3. Also, if you apply for a gold loan on Dialabank, then you will get a low Gold loan Interest Rate.
4. Dialabank provides a document pickup facility from the doorstep of the customer.
5. Finally, the Relationship managers are trained enough to guide you in the entire process of Gold Loan.

The steps to be followed are:

1. Just click on dialabank.com.
2. Fill in the required details.
3. Click on request a quote.
4. You will be reverted by a relationship manager from DialaBank who will guide you further.
5. Or simply contact 9878981166.

Why Should One Apply for a Gold Loan?

• Great Availability: First and foremost, Loan against gold is a secured service, therefore the processing of this loan is quick as the bank is mostly concerned with the quality and weight of the gold.
• Low Rate of Interest: In contrast to services like personal loans, the Loan Against Gold has the least interest rate as banks keep security against the loan.
• Negligible foreclosure charges: Generally, banks do not have any prepayment charges but some banks can charge a penalty of just 1%.
• 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.
• No qualification of Credit Score: As this is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
• Income-proof not required: The salary of an applicant is not an issue for availing a Loan Against Gold as it depends majorly on the weight and quality of gold available with the applicant.
• No loan processing charges: Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
• Flexible tenure: In addition to other advantages,  the applicant can choose the tenure of the loan according to their requirements and needs.
• Only payment of interest: Lastly, the applicant has the option to pay the principal amount at the end of the tenure and only the interest every month.

Read More: Gold Loan Features and Benefits

Processing Fees / Prepayment Charges on Gold Loan Sivakasi

CIBIL Score Required for Gold Loan Sivakasi

No, the banks do not check the CIBIL Score of a person to approve a gold loan per gram. Loan Against Gold is a secured service, hence, the bank is not concerned about the repayment history of a person. Because, even if the applicant fails to repay the loan, the banks can cover the loan amount through the gold ornaments that they have in their possession.

Read More: What is CIBIL Score?