Gold Loan Thodupuzha
Gold is one of the precious metals for Indians as Its value in our lives cannot be ignored because every person is attached to it emotionally. However, what is the point of keeping your gold in lockers when it cannot help you in times of emergency? Thus, Taking a Gold Loan Thodupuzha can help you to overcome financial needs. Also, it is the best way to get cash easily or in a short span.
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What is Gold Loan?
Gold Loan is the financial service offered by the bank as the majority of people have gold ornaments which are just kept in the lockers. Thus, Gold Loan Thodupuzha provides an opportunity for the people to avail a loan against them. Also, Gold Loan Interest Rate is quite affordable and less in comparison to other services. Moreover, the process for Gold Loan Thodupuzha is very simple and hassle-free.
What is Gold Loan Thodupuzha Interest Rate?
The below table shows the Gold loan interest rates provided by various banks
HDFC Bank Gold Loan
9.9% to 14%
Axis Bank Gold Loan
10.50% to 16%
Private 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%
Why should one apply for a Gold Loan Thodupuzha?
- You can avail Loan for any purpose up to Rs.1 Crore or more & up to 70% of the value
- You get 100% Safety & Security of your Gold Jewellery
- Get your Loan processed in less than 30 minutes
- Enjoy Anytime Liquidity of loan.
- No EMI, Service only Interest and enjoy the Loan facility.
- Lower Interest Rates
- Simple documentation and fast processing.
- The overdraft limit varies depending on the market rate of gold.
- The interest rate is payable only amount of the overdraft that you use.
Know More: Gold Loan Features
Eligibility Criteria for Gold Loan Thodupuzha
- Age: Minimum 18 years
- Constitution: Resident Individual/ Proprietor
- Security: Gold ornaments/articles above 18 carat
Documents Required for Gold Loan Thodupuzha
- Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
- Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
- Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.
- Photographs: 2 passport size photographs.
Additional Documents Required:
The banks generally demand the above-given documents. However few banks demand some additional documents, which are mentioned below:
- Land Proof: In the case of Agriculture Loan of more than Rs.1 lac. The proof is not required for allied agriculture purposes.
- A Demand Promissory Note.
- Certificate by the Jewel Appraiser (Bank will arrange).
Income Proof: Salary Certificate and Form No.16.
GOLD LOAN @ 0.75%*
Who all can apply for Gold Loan Thodupuzha?
- First and foremost, the gold should be in the name of the applicant or family member.
- Secondly, the applicant should be a resident of India.
- Thirdly, The age should lie in between 18 years to 70 years(at the time of loan maturity).
- 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 Thodupuzha
- Great Availability: 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 gold loan 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 of a gold loan 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: 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 Benefits
How to apply Gold Loan Thodupuzha?
- A person can easily apply online on the DialaBank website.
- The process is very easy and hassle-free.
- The documentation process is very less as well.
Thodupuzha is a city in the district Idukki of Kerala state, India. 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 +91 9878981166 for more details.