Gold Loan Surat

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Unlock the Real Value of your Gold
Rates as low as 10.00%*
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

All About Gold Loan Surat

Do you need financial help and cannot afford it from anywhere? Are you stuck between a lack of finance and fulfillment of your dreams? What are you waiting for? Gold Loan Surat is the answer to all your problems. Taking Gold Loan is the easiest way out as it does not consider your CIBIL score, and interest rates are very nominal.

What is Gold Loan?

With our increasing needs and demands, we need more money to fulfill our requirements. Gold Loan Surat is the loan provided by various banks and NBFCs where they take your gold as collateral against the principal loan amount and give you the money in return of it. You can pay back the amount and get back your gold at any time, with a specified rate of interest.

Gold Loan Surat Interest Rate

The interest rate of Gold Loan Surat is less as compared to other loans like personal loan, home loan, etc. Gold Loan Interest Rate is quite reasonable. The annual Interest Rate is 10.75%. It is less than even 1% per month. If you want to close your Loan account before the actual period, then there is an option of foreclosure where you need to pay 0-3% of the total amount along with your pending amount. In this way, you need not pay the interest anymore.

Know More – Gold Loan Interest Rate

Gold Loan Surat Eligibility:

The Gold Loan Surat process is very easy. The documentation is quite simple. However, you need to fulfill some eligibility criteria.
  1. Firstly, the minimum age of the borrower must be 18 years.
  2. Secondly, Maximum age must not be more than 70.
  3. Also, the borrower must be authorized citizen of India.
  4. Moreover, there are no criteria for salaried or self-employed customers. Anyone can apply for Gold Loan.
  5. Further, the purity of Gold must range between 18 karats to 22 karats.
  6. In addition to it, the minimum weight of Gold is 10 gram.

Benefits of Taking Gold Loan Surat:

  1. Firstly, Gold Loan 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.
  2. As compared to the other Loans, the Interest Rate of Gold Loan is very reasonable.
  3. Gold Loan foreclosure charges are very low.
  4. As Gold Loan Surat is secured Loan, so the customer does not have to worry about bad loan repayment history.
  5. It does not consider any income proof.
  6. In addition to that, there are no extra charges to apply for the Gold Loan.
  7. 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 Surat:

  1.  Identity proof- Aadhar Card/PAN Card/Passport/Voter ID
  2. Residence proof- Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of applicant/ Rental Agreement of applicant/ Voter ID card.
  3. Signature proof- Passport/ Driving License/Voter Card

How to Apply for Gold Loan Online?

Gold Loan Surat

  1.  Firstly, a person needs to go to our website, dialabank.com.
  2.  After that, you need to fill an application form with your basic details.
  3.  In addition to that, you need to provide your phone number which is working so that we can contact you.
  4.  Once you dill the form, your work is done here.
  5. 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.
  6.  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).
  7. 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.
  8. Within 24 hours, your loan will get dispersed.

About Surat

Surat is a city in Gujarat, India. It is a large seaport and center for diamond cutting and polishing. Also the eighth largest city and ninth largest urban agglomeration in India. Surat is situated 284 kilometers south of the Gandhinagar, 265 kilometers south of Ahmedabad, and 289 kilometers north of Mumbai. The city center is situated on the Tapti River, near to the Arabian Sea.

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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