North East Small Finance Bank Gold Loan

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Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

About North East Small Finance Bank Gold Loan

North East Finance bank provides Gold Loan to the customers at very affordable rates of interest. In a gold loan, the bank provides money to the applicants at some rate of interest. The bank keeps your gold as security and returns it when you repay your loan amount with some rate of interest.

North East Small Finance Bank Gold Loan Features

  • Great Availability: First and foremost, Loan against gold is a secured service, therefore the processing of this loan is quick as the bank is mostly concerned with the quality and weight of the gold.
  • Low Rate of Interest: In contrast to services like personal loans, the North East Small Finance Bank Gold Loan has the least interest rate as banks keep security against the loan.
  • Negligible foreclosure charges: Generally, banks do not have any prepayment charges but some banks can charge a penalty of just 1%.
  • Safety of Ornaments: The ornaments are more secure with the banks due to the strict security In the banking institutions which is quite less at homes.
  • No qualification of Credit Score: As this is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
  • Income-proof not required: The salary of an applicant is not an issue for availing a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
  • No loan processing charges: Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
  • Flexible tenure: In addition to other advantages,  the applicant can choose the tenure of North East Small Finance Bank Gold Loanaccording to their requirements and needs.
  • Only payment of interest: Lastly, the applicant has the option to pay the principal amount at the end of the tenure and only the interest every month.

Usage of North East Small Finance Bank Gold Loan Fund

North East Small Finance Bank Gold Loan

To begin, You can use the Gold Loan to fulfill your personal needs. You can start a new business by using the given amount of North East Small Finance Bank Gold Loan. Farmers can use the gold loan for agricultural purposes. You can also use this amount of loan to get over the financial crises. This loan can also be used for educational purposes.

North East Small Finance Bank Gold Loan Eligibility

  • The applicant should older than 18 years.
  • The applicant should be a citizen of India.
  • The North East Small Finance Bank Gold Loan is available on the gold jewelry of 18 Carat to 22 Carat.

North East Small Finance Bank Gold Loan Interest Rates

The bank offers very low rates of interest to the customers.

  1. It starts at 10.60% and can be up to 12.60%.
  2. The tenure of the loan is 2 years.
  3. The amount of loan provided can be from Rs. 10000 to Rs. 2 Lakhs.

Documents Required for North East Small Finance Bank Gold Loan

Applicant Identity Verification Documents can be amongst the below  documents (ANY):

  1. Passport: Valid Copy of passport both front and last page
  2. Voters ID card: Copy of Valid Voter Identity Card
  3. Driving License: Copy of Driving license which is valid.
  4. Adhar card: Copy of Adhar Card with current information

Applicant Address Verification Proof can be amongst the below documents(ANY):

  1. Passport: Valid Copy of passport both front and last page
  2. Voters ID card: Copy of Valid Voter Identity Card
  3. Driving License: Copy of Driving license which is valid.
  4. Adhar card: Copy of Adhar Card with current information
  5. Utility Bills on the name of the applicant.
  6. Sales Tax Certificate
  7. Rental Agreement

Signature Verification Documents required are namely:

  1. Valid Copy Passport
  2. Bank’s Verification Certificate
  3. Cheque

How to Apply for North East Small Finance Bank Gold Loan?

Online Process 

The applicants have an option to apply easily at the comfort of their home. In order to do so, just follow the steps:

  1. Apply on Dialabank for a Gold Loan.
  2. The borrower will have to submit an application form along with his / her valuable Gold asset.
  3. The bank will evaluate the real value of your Gold in terms of its purity and weight.
  4. The Loan is sanctioned to the applicant after checking the genuineness of the asset provided.
  5. The whole Gold Loan process takes approximately 45 minutes after evaluation of the assets.

Offline Process

Next, the loan seeker has an option to avail a gold loan from the nearby branch. To do this, just search Gold Loan near me on google. After this, Google will provide all the nearby branches that provide the service of a gold loan. You will have to visit the branch until the loan disbursal, thus is a tiring procedure in contrast to the online process.

FAQs About North East Small Finance Bank Gold Loan

Q. How much Gold Loan can I get per gram in North East Small Finance Bank?

North East Small Finance Bank gives you loans against gold at a good funding rate which depends upon the prevailing price of gold in the market and the quality of gold to be pledged.

Q. What is North East Small Finance Bank Gold Loan?

Gold Loans are secured loans that come with quick disbursement to meet your urgent financial needs. Gold Loan from North East Small Finance Bank can be availed at attractive interest rates for fulfilling various personal or business expenses.

Q. What is the Gold Loan interest rate in North East Small Finance Bank?

North East Small Finance Bank offers the Gold Loan facility at a competitive rate of interests. They offer lower processing charges with no documentation or closing charges. The rate of interest depends upon the amount of the Gold Loan that is to be sanctioned.

Q. How to pay North East Small Finance Bank Gold Loan online?

The bank gives you easy repayment options which you can learn more about by visiting the branch or contacting the customer care support.

Q. How to apply Gold Loan in North East Small Finance Bank?

Applying for North East Small Finance Bank Gold Loan is a simple and hassle-free process You just need to fill a form and collect the documents. Get the gold evaluated and the process of application is done. You can also apply online at Dialabank’s digital platform to avail the best deals on Gold Loans.

Q. How to renew North East Small Finance Bank Gold Loan online?

The renewal process requires the borrowers’ presence in the branch physically. For more information contact the loan officer who is in charge of your file.

Q. How to take Gold Loan from North East Small Finance Bank?

You can take a Gold Loan in few hours and fulfil all your monetary needs. Just visit the nearest North East Small Finance Bank branch with your Gold and start your loan process. The disbursement occurs after verification and valuation of your pledged gold. You can also apply online through Dialabank’s digital platform to avail the best offers.

Q. What is Gold Loan in North East Small Finance Bank?

You can use the Gold Loan to fulfil your personal needs. You can start a new business by using the given amount of North East Small Finance Bank Gold Loan. Farmers can use the gold loan for agricultural purposes. The loan is given at low-interest rates with easy repayment options.

Q. How to get North East Small Finance Bank Gold Loan?

There are no eligibility criteria for taking gold loans which makes it easier to get the loan. You just need to be above 18 years of age and below 60 years of age and a permanent Indian citizen in most cases. You can apply for the loan by filling a form and attaching the required documents with the form and submitting it with the loan officer. The officer will check the documents, get the gold valuated and make an offer. The loan is approved when this offer is agreed by both parties.

Q. How to check North East Small Finance Bank Gold Loan status?

If you wish to check the status you can do so by contacting the customer care executive or visit the bank branch.

Q. How to close North East Small Finance Bank Gold Loan?

North East Small Finance Bank gives you easy and convenient repayment options to close your Gold Loan account. You can pay by making a bullet payment at the end of the tenure or through EMIs throughout the tenure of the loan. The bank may also charge a prepayment fee in some cases.

Q. How to renew North East Small Finance Bank Gold Loan?

The renewal process of Gold Loan by North East Small Finance Bank is a simple process and has to be done with the borrowers’ presence in the bank with all the loan-related documents. The gold that was earlier pledged as security has to be released and revalued according to the new market prices and then new terms of the loan have to be agreed upon.

Q. What happens if someone defaults North East Small Finance Bank Gold Loan?

If someone defaults the Gold Loan repayment, the bank has full rights to sell the gold ornaments that were kept as security to recover the loan amount.

Q. How many branches of North East Small Finance Bank Gold Loan?

The bank is Northeast India’s first Small Finance Bank and has a wide spread network of branches providing financial services.

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