Gold Loan Wadi

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

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Gold Loan Wadi

Budget constraints have become the new crisis and thus gold loans have become the need of the hour and so access for the same is being provided by Dialabank. Avail Gold Loan Wadi in under 30 minutes and cover up for all the contingencies that you are facing.

What is a Gold Loan?gold loan wadi

Gold Loan Wadi, is the Loan that is issued to the applicant against the mortgage of gold. Any person can have access to gold loans after depositing the gold he/ she wants to deposit as a mortgage and following specific procedural steps. Gold loans has become easier and quicker.

Gold Loan Wadi Interest Rate

  1. ROI on Gold Loan Wadi is 10.75% and can go to 24%.
  2. The processing fee charged is usually, and thus it is charged @ 0.85%
  3. The Gold Loan Wadi can be procured for a minimum period of 6 months, which can be taken up to a maximum period of 5 years.

Eligibility Criteria and Documentation required for Gold Loan Wadi

  1. Identification proof such as Passport, Voter card, or driving license.
  2. Address proof which includes electricity bill, ration card, etc.
  3. Passport, DL or any other proof with signature needs to be submitted for signature proof.
  4. Two passport size photographs are also required.
  5. The applicant should be atleast18 years old.
  6. The gold ornament submitted should be at least 18 carats or above.
  7. The Gold Loan Wadi can be availed by an applicant who has at least 10 grams of gold.

Charges associated with Gold Loan Wadi

  1. Some of the service providers may waiver Loan, but some banks do charge a processing fee.
  2. Valuation Charge is the charges to be paid to the evaluator. Such fees are specific to the service provider. Those having in-house evaluators do not charge any extra amount for valuation.
  3. Most of the service providers charge for late payment; this usually varies from one institution to the other.
  4. The applicant should consult with the loan provider before taking the Loan. These charges could change the amount that you may finally receive and should also check for the methods of repayment of the Gold Loan Wadi.

Advantages of Gold Loan Wadi

  1. The documentation required is very minimal, and so it doesn’t demand any certificate to show your salary or income. Credit card history is also not required.
  2. The gold loan requires only a few documents, such as ID proof and address proof. After providing such materials, the applicant can avail of the Loan.
  3. Interest rates are an attractive deal for gold loans. Usually, the interest rate varies between 12-16% per annum and is also quite as low compared to personal loans.
  4. In agricultural areas, the gold loan is available at an interest rate of only 7-8%.
  5. It is the most convenient and straightforward form of Loan because all you need to do is pledge your gold here with a bank and you can avail up to 75% of the market value of the gold as Loan.
  6. The borrower here has the option to pay only the interest during the term of the loan and can pay the principal amount once the term is over.
  7. The gold is 100% secure, and the Loan can be procured under 30 minutes.

How to Apply for Gold Loan Wadi?

  1. You can avail of a gold loan with a single click while sitting at home. Our customer relationship manager will be providing you the service of helping you choose the right type of loan for you.
  2. Just fill a simple form so that our customer care department can look up for your finances can check your financial status and your eligibility for the loan that you have applied.
  3. You will be led to the right banker for more details on your Loan. The bank executives will arrive at your doorsteps to collect the required documents from you.
  4. 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.

How to Calculate Gold Loan Interest Rate?

  1. Rate of Interest: It is the amount that is charged on the amount of Loan. The Gold Loan Interest Rate depends on the factors stated below:
  2. Internal/External Customer: The loan seekers who have an account in the Bank from where they want to avail the Loan, then such customers are known as internal customers. Internal customers are given a rebate on the rate of interest charged by the applicant.
  3. Amount of Loan: The loan amount is the primary factor that decides the rate of interest that will be charged from the applicant. The Gold Loan Interest Rate is higher for loans with lesser amounts. Thus, the more the amount of credit, the lower is the Rate of Interest.
  4. LTV Ratios: Furthermore, lending institutions charge a higher rate of interest on the gold loan with a high LTV ratio. Thus, the more the LTV of the gold jewelry, the higher is the Rate of Interest charged by the applicant.

Gold Loan EMI Calculator

It is essential to know the amount one has to pay every month to the Bank. Therefore, you have an option to estimate the EMI before availing a loan. You can do so very quickly. Just click below and get to know the amount of the EMI you will have to manage monthly..

About Wadi

Wadi  is a census town which is situated in the state of Karnataka. With dialabank providing their services all across the country, it is now easy to gain access through dialabank for gold loan. The population the town is 25,258 as per the census which was conducted in 2011.

Gold Loan Interest Rate of Different Banks – Updated on 2020

Bank

Gold Loan Rate

HDFC Bank

10.75%

Yes Bank 

10.85%

Axis Bank

10.90%

SBI Gold Loan

11.50%

ICICI Bank

11.75%

IIFL Gold Loan

11.75%

Allahabad Bank Gold Loan

11.75%

Muthoot Gold Loan

12.00%

Federal Bank Gold Loan

12.00%

Manappuram Gold Loan 

12.25%

IDBI Bank

12.25%

PNB Gold Loan

12.25%

Gold Loan  In Other Cities

Gold Loan Shahabad Gold Loan Nelamangala
Gold Loan Saundatti-Yellamma Gold Loan Mathikere
Gold Loan Ramdurg Gold Loan Manvi
Gold Loan Ramamurthy Nagar
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