Kashi Gomti Samyut Gramin Bank Gold Loan Features
Features of Kashi Gomti Samyut Gramin Bank Gold Loan Approval Process are:
- There is proper security of the gold of the customers.
- The loan is processed fast with minimal documentation.
- Customers can avail themselves of an overdraft facility.
- Attractive interest rates compared to other financial institutions.
- Customers can choose the tenure for a gold loan.
Kashi Gomti Samyut Gramin Bank Gold Loan Eligibility
Minimum and Maximum Age
Note: However, many banks require a minimum age of 23 years
Interest rates are lower for a higher loan amount
Businessmen are increasingly taking gold loans to meet their working capital requirements.
In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans.
Quality of Gold
An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
Gold ornaments that can be used for availing loan
Gold with 18-24 carat purity
Employment track record and income proofs
Kashi Gomti Samyut Gramin Bank Gold Loan Documents Required
At the time of application the following documents are required:
At the time of disbursement the following documents are required:
Kashi Gomti Samyut Gramin Bank Gold Loan Approval Process
Following is a simplified version of the Kashi Gomti Samyut Gramin Bank Gold Loan Approval Process:
- Visit the home branch or the nearest branch of the bank.
- Fill out the application.
- Provide all necessary documents to the bank, like your KYC documents.
- Take your gold to the bank for its evaluation to ascertain the loan amount.
- Discuss and evaluate loan terms with the bank’s representative like loan amount, tenure, payment options, fees, etc.
- After due evaluation of your application, the loan will be granted.
You can also apply with Dialabank for a hassle-free process or call us at 9878981166.
FAQs on Kashi Gomti Samyut Gramin Bank Gold Loan Approval Process
✅ Is a gold safe with the lender?
Gold taken against the gold loan are kept with the professional institutes with tight security under 24 * 7 CCTV camera surveillance.
✅ Is a gold loan available for holiday or travel purposes?
Yes, a gold loan can be taken to meet individual financial needs. In addition, a gold loan offers the end-use of the loan amount; thus, it can be used for holiday or travel purposes.
✅ What are the fees taken while applying for a loan?
After applying for a loan prepayment fee which should be paid before the loan is executed, this prepayment is nearly equal to 1% or 1,5% of the loan amount. You may also need to pay a valuation charge and paperwork charges. In addition to this, your lender will charge for GST and Service tax.
If you pay EMI late or if you do prepayment of the loan, you might need to pay a prepayment penalty or late payment penalty.
Table of Contents
- 1 Kashi Gomti Samyut Gramin Bank Gold Loan Features
- 2 Kashi Gomti Samyut Gramin Bank Gold Loan Eligibility
- 3 Kashi Gomti Samyut Gramin Bank Gold Loan Documents Required
- 4 Kashi Gomti Samyut Gramin Bank Gold Loan Approval Process
- 5 FAQs on Kashi Gomti Samyut Gramin Bank Gold Loan Approval Process