About Langpi Dehangi Rural Bank Gold Loan
Langpi Dehangi Rural Bank, sponsored by SBI was set up on 27th January 1982 under Section 3 (1) of RRB Act 1976. Besides that, the Head Office of the Bank is situated at Diphu the district Headquarter of District Karbi Anglong.
Langpi Dehangi Rural Bank area of operation comprises of the two hill districts of Karbi Anglong as well as Dima Hasao in the state of Assam. It is the only stand-alone RRB in the country taking care of specific banking needs of people lives in Karbi Anglong and Dima Hasao the two backward hilly districts of state Assam, India.
Besides that bank has a total network of 59 Branches out of which 49 Branches are operating in Karbi Anglong District. Moreover 10 Branches in Dima Hasao District.
Gold Loan is a type of financial service, in which the applicant has to put the gold ornament in the bank in return of loan amount. In this, the gold is considered as collateral by the bank. That further means, the applicant has to repay the amount of loan within the period of the loan.
If one fails to do so, the ornaments are confiscated by the banks. Furthermore, this is one of the popular services as Gold Loan Interest Rates are quite less in comparison to other services.
Langpi Dehangi Rural Bank Gold Loan Interest Rate
In general Loan on Gold, the credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of personal loan or any other kind of loans. Though the Gold loan rate keeps on changing with the passage of time as well as person to person. Langpi Dehangi Rural Bank Gold Loan is available at 1% per month interest rate.
1. Langpi Dehangi Rural Bank Gold Loan Interest rate – 10.70 %
2. Also, offer low processing fee – 0.85%
3. Further, pre-closer charges range from 0 – 2 %.
4. Besides Tenure minimum six months; maximum five year
5. Lastly Amount – Thousand to a crore
Why Choose Langpi Dehangi Rural Bank Gold Loan?
So many banks and non- financial organizations provide a Gold Loan. Then why should you choose Langpi Dehangi Rural Bank for a Gold Loan? Here are some reasons
1. Firstly, the bank is very dedicated to its customers.
2. Secondly High Loan amount from a minimum in thousands to a crore.
3. Thirdly, Quick processing in Langpi Dehangi Rural Bank Gold Loan
4. Bad credit history/ CIBIL score, not an issue.
7. Instant Processing and Disbursal of Langpi Dehangi Rural Bank Gold Loan
8. Also, the lowest interest rate.
9. Minimum documentation required for Langpi Dehangi Rural Bank Gold Loan
10. Furthermore, Flexible repayment options in Langpi Dehangi Rural Bank Gold Loan
Advantages of Langpi Dehangi Rural Bank Gold Loan
1. Less Documentation Process – Firstly, Documentation requirements for availing a Gold Loan from Langpi Dehangi Rural Bank are quite less. The applicants are not asked to provide lengthy proofs to avail the financial service.
2. Easy to get – Another feature is, Availability of Langpi Dehangi Rural Bank Gold Loan service is excellent. That is, people can easily avail a gold loan at nearby branches. It is not tough to find a nearby branch.
3. CIBIL Score – In addition to this, Credit Score does not matter in this service, that is, the applicant does not have to worry about low credit repayment history. If anybody has a bad repayment history, they can improve the same by taking a Gold Loan.
4. Processing Fees – Furthermore, Langpi Dehangi Rural Bank does not charge any processing cost for a loan application. Most of the banks charge a fee, but in the case of this company, there are no charges of availing a Gold Loan.
5. Tenure- Also, Langpi Dehangi Rural Bank provides a flexible period of the loan. It starts at one year and can go up to 1 year.
6. Safety – Moreover, the protection of ornaments is the responsibility of the bank. That is, the applicant does not have to worry about the ornaments they have deposited.
7. Simple Process – Last but not least, the system of this service is very transparent. That is, Langpi Dehangi Rural Bank does not hide anything from the customers.
Eligibility for Langpi Dehangi Rural Bank Gold Loan
1. Firstly, the age of the applicant should lie between 18 years to 70 years.
2. Secondly, the applicant should be a citizen of India.
3. Next, The quality of gold should be from 18 Carat to 22 Carat to get a loan.
4. Also, Another equally essential criteria are the weight of gold which should be more than 10 grams.
5. Furthermore, Anyone can apply for a Gold Loan whether you are a salaried applicant or self-employed.
6. Finally, To avail a Gold Loan on agriculture land, one has to submit the land proof to the bank.
Documentation for Langpi Dehangi Rural Bank Gold Loan
1. Firstly, an Identity Proof is required. It can be an Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport.
2. Secondly, One proof of residence is also required while applying for a gold loan; it can also be an Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills of last three months with the name of the applicant.
3. Two colored photographs.
Additional Documentation for Langpi Dehangi Rural Bank Gold Loan
The bank needs a Proof of ownership of Land if you are applying for an agriculture gold loan.
1. Land Proof – In the case of Agriculture Loan on gold of more than Rs. 1 lac. The proof is not needed for allied agriculture purposes.
2. Required a Demand Promissory Note – Certificate by the Jewel Appraiser (Bank will arrange).
3. Besides Income Proof of Salary Certificate as well as Form No.16
Why Dialabank for online Gold Loan?
2. After that, the applicant gets a good comparison of the gold interest rates of other banks as well.
3. Furthermore, the company provides the document pickup facility from your doorstep.
4. Lastly, you will get the best as well as the lowest interest rate. Moreover, for more information call 9592046860 or 60011600 with your city code.
Q. How does Gold Loan Work?
Loan on gold is very simple to understand. The Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.
Q. Is Gold Loan secured?
Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.
Q. What happens when you don’t repay a Gold Loan?
If the applicant is unable to repay the gold loan on time, then the bank is liable to sell his gold ornaments.
Q. To get a gold loan do I need a co-applicant?
No, to avail Gold loan you don’t need any co-applicant
Q. Gold loan better than a Personal loan?
Yes, the Gold loan is better than personal Loan because in Gold Loan banks/NBFC’s takes Gold ornament as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.
Q. What is the best online platform to avail Gold Loan?
Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.
Q. Is there any fee payable for the Gold Loan?
Yes, you have to pay the loan processing fee (non-refundable) as well as Valuation fee.
Other Major Gold Loan Providers
Table of Contents
- 1 About Langpi Dehangi Rural Bank Gold Loan
- 2 Why Dialabank for online Gold Loan?
- 3 Other Major Gold Loan Providers