About Narmada Jhabua Grameen Bank Gold Loan
Narmada Jhabua Grameen Bank is a Regional Rural Bank, which was established on 1st November 2012. The bank was formed after the merger of two Regional Rural Banks namely, Narmada Malwa Grameen Bank and Jhabua Dhar Kshetriya Gramin Bank. Also, Narmada Jhabua Gramin Bank has its Head Office at Indore (M.P.) under the sponsorship of the Bank of India.
Furthermore, The Bank is operating in 14 districts of Madhya Pradesh. Finally, the bank provides a good number of financial services that include Home loans, Personal loans, Best Gold loans and many more. You can easily get a Gold Loan at a lower rate of interest.
What is Gold Loan?
Want money to carry out agricultural practices or to cope up with daily needs? If yes! Then, Gold Loan is a great service that allows people to keep gold ornaments as security in the bank in return for the loan amount.
Also, the gold ornaments are fully secure in the bank lockers and, it is the responsibility of the bank authority to take care of the security of gold. In addition, Best Gold Loan Interest Rate is quite less in contrast to other services like Personal Loan and Home Loan.
Narmada Jhabua Grameen Bank Gold Loan Key Features – Apply Now
| Narmada Jhabua Grameen Bank Gold Loan Collateral | Gold ornaments |
| Narmada Jhabua Grameen Bank Gold Loan per gram |
varies depending on the purity of gold
|
| Narmada Jhabua Grameen Bank Gold Loan Age of Borrower | 18 – 70 years |
| Narmada Jhabua Grameen Bank Gold Loan Maximum Loan Amount | Up to 1 crore |
| Narmada Jhabua Grameen Bank Gold Loan Maximum Loan to Gold Value Ratio | Up to 70% |
| Narmada Jhabua Grameen Bank Gold Loan purity of Eligible gold | 18 carat to 22-carat gold |
| Narmada Jhabua Grameen Bank Gold Loan Tenure | 12 to 48 months |
Advantages of Narmada Jhabua Grameen Bank Gold Loan
- Safety of Ornaments: Of course the security of your Gold Jewellery is more in banks due to the proper security systems, unlike our homes.
- Fast Process: This is a type of secured loan therefore, you can get your gold loan processed as quick as 30 minutes
- Overdraft Facility: The applicant has the option of an overdraft facility that allows the applicant to enjoy anytime cash flow as per the needs.
- Low-Interest Rates: Another feature is the rate of interest is very less in comparison to other services provided by the banks and NBFC’s
- No Processing Charges: Surprisingly, the bank does not charge any extra cost for applying for a gold loan.
- Lesser Documentation: The formalities that are to be completed are very less due to the type of service this is.
- Flexible Period: Last but not least, the applicant can choose the tenure depending upon the need.
Eligibility of Narmada Jhabua Grameen Bank Gold Loan
| Age | 18-70 years of age |
| Nationality | Indian |
| Employment Status |
Salaried, Self-Employed
|
|
Gold Quality, Quantity
|
Minimum 18 Carats, minimum 10 grams
|
| Requirements |
Gold ornaments (18-22 carats)
|
| CIBIL score | Above 500 |
Narmada Jhabua Grameena Bank Gold Loan At Home
Gold Loan at House is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You can use the gold loan calculator to assess the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.
Within 30 minutes, one of our employees will contact you and arrive at your home. When all e-documentation and gold identification are completed at your residence, the appropriate gold loan amount will be sent directly to your bank account.
Furthermore, there are many benefits of Narmada Jhabua Grameena Bank Gold Loan at Home:
- Fast loan approval
- Lower interest rates
- Maximum value of gold
- Flexible repay tenures
- Easy payment options
- No additional charges
- 24*7 customer support
- Full security of the gold
- No hidden fees
- Service at your doorstep within 30 minutes
How Much Can I Get Through Narmada Jhabua Grameen Bank Gold Loan?
| Narmada Jhabua Gramin Bank Gold Loan Rates/ Gram – Updated January 2021 | ||||
| Weight | Loan on 18Cr Gold | Loan on 20Cr Gold | Loan on 22Cr Gold | Loan on 24Cr Gold |
| 1 gm | 2452 | 2734 | 3017 | 3299 |
| 10 gms | 24520 | 27340 | 30170 | 32990 |
| 20 gms | 49040 | 54680 | 60340 | 65980 |
| 30 gms | 73560 | 82020 | 90510 | 98970 |
| 50 gms | 122600 | 136700 | 150850 | 164950 |
| 100 gms | 245200 | 273400 | 301700 | 329900 |
| 200 gms | 490400 | 546800 | 603400 | 659800 |
| 300 gms | 735600 | 820200 | 905100 | 989700 |
| 500 gms | 1226000 | 1367000 | 1508500 | 1649500 |
Interest Rate of Narmada Jhabua Grameen Bank Gold Loan
| Gold Loan Rate | 7.25% per annum |
| Repayment Scheme |
Bullet Repayment Scheme, Overdraft Scheme
|
| Prepayment Charges | 0 – 2 %. |
| Service Charges | variable |
| Document Charges | variable |
| Gold Valuation Charges | variable |
| Processing Fee | Nil |
Narmada Jhabua Grameen Bank Gold Loan Documents Required
| Photographs |
2 Passport-Sized latest coloured photos
|
| Identity Proof |
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
|
| Residence Proof |
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
|
|
Agricultural Land Proof
|
Required only if the Loan is taken for Agricultural Purpose. In the case of Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
|
| Demand Promissory Note |
Certificate by the Jewel Appraiser (Bank will arrange)
|
How to Apply for Narmada Jhabua Grameen Bank Gold Loan?
- First of all, Visit Dialabank.
- Secondly, fill an application form with all required fields
- Thirdly, you will be reverted back by our Relationship manager to assist through the entire process.
- Next, you will have to submit documents in the bank
- Finally, your loan will be approved in just some minutes.
- Apart from the above process, you can directly call us at 9878981144.
- Avail your Gold Loan with Dialabank and get personalized assistance
Narmada Jhabua Grameen Bank Gold Loan EMI Calculator
|
Rate of Interest
|
6 months | 1 Yr | 2 Yrs | 3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
Uses of Narmada Jhabua Grameen Bank Gold Loan
- To finance personal expenses like vacation expenses, tuition fees, etc.
- Finance business needs like buying inventory, plant, etc.
- Gold against the loan for agricultural purposes.
Narmada Jhabua Grameena Bank Gold Loan Agricultural Jewel Loan Scheme
| Scheme | Narmada Jhabua Grameena Bank Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 7.25% per annum (depends on the sum of the loan) |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits of Narmada Jhabua Grameena Bank Gold Loan Agricultural Jewel Loan Scheme
- There is no processing fee is applicable up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore
Narmada Jhabua Grameen Bank Gold Loan Overdraft Scheme
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at the bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the bank’s online banking portal and from there you can fill out a simple form and get an overdraft under your name
Narmada Jhabua Grameen Bank Gold Loan FAQs
✅ What is Narmada Jhabua Grameeen Bank Gold Loan?
Narmada Jhabua Grameen Bank gold loan is a financial service offered by the bank to borrowers on low-interest rates and with quick disbursal. It is the solution to all the financial problems and requirements faced by a man.
✅ How Can I Get Gold Loan From Narmada Jhabua Grameen Bank?
You can get a Narmada Jhabua Grameen Bank gold loan by visiting the branch in your vicinity or online through its website. Dialabank also provides you with the option of availing of a gold loan with attractive features through its website.
✅How much Gold Loan Can I get per gram from Narmada Jhabua Grameen Bank?
You can get a Narmada Jhabua Grameen Bank Gold Loan Rate Per Gram ranging from ₹ 3,800 to ₹ 4,350 depending on the purity of the gold collateral I.e. 18 carats, 20 carats and 22 carats. However, it also depends on the market price of the yellow metal.
✅ How Does Narmada Jhabua Grameen Gold Loan work?
The Narmada Jhabua Grameen Bank gold loan works in a simple manner. You just have to check the eligibility and then take the required documents and the required amount of gold collateral to the nearest bank branch. Your gold will be valued and weighed and the bank will then offer you a loan.
✅ What is the Gold Loan interest rate in Narmada Jhabua Grameen Bank?
The interest rate for a gold loan in Narmada Jhabua Grameen Bank starts at 10.70% per annum. The interest rate is low as a gold loan is secured
✅ How to check gold loan status in Narmada Jhabua Grameen Bank?
You can check the gold loan status in Narmada Jhabua Grameen Bank by emailing the bank your loan details or filling them up on the bank’s website. You can also visit the branch where you had applied for the loan to track its status.
✅How to renew Narmada Jhabua Grameeen Bank Gold Loan online?
Renewal of a Narmada Jhabua Gramin Bank Gold Loan is very simple. Visit the branch where your collateral is kept. When you apply for a renewal, the bank will be revalued and the bank will offer you a fresh amount. To do it online, visit the web portal of the bank.
✅ How to pay Narmada Jhabua Grameen Bank Gold loan interest online?
To pay the Narmada Jhabua Grameen Bank Gold loan interest rate online, visit the bank’s website or download its mobile app. You can also pay through debit cards and net banking apps.
✅What if I can’t pay the interest on the Narmada Jhabua Grameen Bank Gold loan for 3 months?
If you fail to pay your Narmada Jhabua Grameen Bank gold loan interest for 3 months, your CIBIL score will be affected for the worse. Your gold jewellery would be sold by the bank.
✅How can I apply for the EMI moratorium on the Narmada Jhabua Grameen Gold loan?
You can apply for a Narmada Jhabua Graeein bank gold loan EMI moratorium offline by visiting the bank branch where your collateral is kept or online through the website. Moratoriums are very useful.
✅ What is the Narmada Jhabua Grameen Bank Gold Loan customer care number?
For contacting the Narmada Jhabua Grameen Bank Gold loan customer care just dial 9878981144.
✅ What is the Narmada Jhabua Grameen Bank Gold Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the bank account.
- Pay the pre-closure charges as per the bank.
✅ What is the Narmada Jhabua Grameena Bank Gold Loan preclosure charge?
Up to 2% preclosure charge before 3 months, after that 0.50%.
✅ What is the Narmada Jhabua Grameen Bank Gold Loan maximum tenure?
The maximum tenure of the Narmada Jhabua Grameen Bank Gold loan is 48 months.
✅ What is the Narmada Jhabua Grameen Bank Gold Loan minimum tenure?
The minimum tenure for the Narmada Jhabua Grameen Bank Gold Loan is 12 months.
✅ What are the foreclosure charges in Narmada Jhabua Grameen Bank Gold Loan?
The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure
