Gold Loan Wokha

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.
Unlock the Real Value of your Gold
Lowest Rate of Interest
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

Gold Loan Wokha

Diala bank wants to excel their services to all parts of the city, and thus Gold loan wokha is gonna be fortunate enough to gain access to easy cash through gold loans. You can mortgage your gold and can get cash corresponding to its value in under 30 minutes.

What is a Gold Loan?gold loan wokha

Gold Loan Wokha, 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. The procurement of gold loans has become easier and quicker.

Gold Loan Wokha

1.ROI on Gold Loan Wokha is 10.75% and can go till 24%.

2. The processing fee charged is usually, and thus it is charged @ 0.85%

3. The Gold Loan Wokha 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 Wokha

  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 can be availed by an applicant who has at least 10 grams of gold.

Charges associated with Gold Loan Wokha

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.

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.

Bank
Processing Fee
Prepayment Charges
HDFC Bank Gold Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Gold Loan
0.50% to 1.50%
Nil
ICICI Bank Gold Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Gold Loan
500/- to 0.50%
Nil
Kotak Gold Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Gold Loan
Nil
Nil
Muthoot Gold Loan
Nil
Nil
Manappauram Gold Loan
Nil
Nil
PNB Gold Loan
0.70% to 1%
Nil
Canara Bank Gold Loan
1%
Nil
Andhra Bank Gold Loan
Nil
Nil

Advantages of Gold Loan Wokha

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 Gold Loan Wokha.

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 Calculate Gold Loan Interest Rate?

1. The Rate of Interest 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 jewellery, the higher is the Rate of Interest charged by the applicant.

Gold Loan Interest Rates

Bank
Interest Rate
HDFC Bank Gold Loan
10.25% to 14%
Axis Bank Gold Loan
10.50% to 16%
ICICI 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%

How to Apply for Gold Loan Wokha?

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 Gold Loan Wokha. The bank executives will arrive at your doorsteps to collect 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.

5. For further information please contact +91 9878981166.

Gold Loan EMI Calculator

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Wokha

Wokha is a city which is situated in the state of Nagaland and is located 75 km away from the city of Kohima which is the capital of the state.

Other gold loan cities in Nagaland

Gold Loan Khordha Gold Loan Angul
Gold Loan Koraput Gold Loan Barbil
Gold Loan Rayagada Gold Loan Balangir
Gold Loan Talcher Gold Loan Brahmapore

 

Menu