Paschim Banga Gramin Bank Gold Loan

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Rates as low as 1% p.m.
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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Paschim Banga Gramin Bank Gold Loan

Paschim Banga Gramin Bank (PBGB) is a Premier Regional Rural Bank set up on 26 February 2007  as per RRB Act, 1976 (21 of 1976). Paschim Banga Gramin Bank is set up by the amalgamation of Howrah Gramin Bank, Bardhaman Gramin Bank, and Mayurakshi Gramin Bank. This bank is sponsored by UCO Bank as well as owned by government of India, Government of West Bengal as well as UCO Bank. Also, a lot of financial services are provided by this bank namely, Gold Loan, Personal Loan, and Home Loan.

Where Can Paschim Banga Garmin Bank Gold Loan be used?

However, there are no end-use restrictions on the usage of Gold Loan Money. But still, there are some fields mentioned where we can use this amount of Gold loan.
  • Wedding purposes
  • A person can also use this amount of gold loan for wedding purpose.
  • This amount of loan can also be used to buy a car.
  • Home renovation can also be done by using this amount of gold loan.

Paschim Banga Garmin Bank Gold Loan Interest Rates

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. The  Paschim Banga Gramin Gold Loan is available at 1% per month interest rate.
  1. Paschim Banga Gramin Bank Gold LoanInterest rate – 10.70 %
  2. Gold Loan at low processing fee –  0.85%
  3. Pre-closer charges range from 0 – 2 %.
  4. Tenure minimum six months; maximum five year
  5. Amount – Thousand to a crore

Why Apply for Paschim Banga Gramin Bank Gold Loan?

  1. Paschim Banga Gramin Bank follows a very simple and hassles free process
  2. Faster loan disbursal.
  3. Paschim Banga Gramin Bank Gold Loan requires Minimum documentation.
  4. Improves customer service in a much shorter response turn around time.
  5. 100% safety as well as protection of gold ornaments.

Paschim Banga Gramin Bank Gold Loan Eligibility

  • The age of the customer should not be less than 18 years.
  • The applicant should be a citizen of India.
  • The applicant should have gold in an appropriate form.
  • The quality of the gold should be 18 karats to 22 karats.

Paschim Banga Gramin Bank Gold Loan Documentation

  1. An Identity Proof is required. It can be an Aadhar Card / Voter ID card / PAN Card / Driving License or a Passport.
  2. 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 or Water bills of last three months with the name of the applicant.
  3. Two colored photographs.

Additional Documentation for Paschim Banga Gramin Bank Gold Loan

Paschim Banga Gramin 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 lakh the proof is not required for allied agriculture purposes.
  2. Needed a Demand Promissory Note – Certificate by the Jewel Appraiser (Bank will arrange).
  3. Income Proof or Salary Certificate as well as Form No.16

Paschim Banga Gramin Bank Gold Loan Process

  • The bank checks the purity of the gold.
  • The bank checks the market rate for gold and the price of the previous day is take into consideration
  • The LTV (Loan to Value) set by the RBI is 75%.
  • If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges are deducted from your Gold loan amount.
  • After signing the agreement, the loan amount is disbursed to your account.

Why Dialabank for online Paschim Banga Gramin Bank Gold Loan?

  • www.dialabank.com offers a very easy process of application for Online Gold Loan
  • The applicant gets a good comparison of the gold interest rates of other banks as well.
  • The company provides the document pickup facility from your doorstep.
  • You will get the best as well as the lowest interest rate. Moreover, for more information call 9592046860 or 60011600 with your city code.

FAQs About Paschim Banga Gramin Bank Gold Loan

Q. How much Gold Loan can I get per gram in Paschim Banga Gramin Bank?

The gold loan rate per gram depends upon the quality and the market price of the gold. The bank gives you about 80% funding of the total market value of your gold.

Q. What is Paschim Banga Gramin Bank Gold Loan?

Gold Loans are secured loans that come with quick disbursement to meet your urgent financial needs. Gold Loan from Paschim Banga Gramin Bank can be availed at attractive interest rates for a flexible tenure.

Q. What is the Gold Loan interest rate in Paschim Banga Gramin Bank?

The interest rate charged on Gold Loan starts from 14% per annum depending on your loan amount at Paschim Banga Gramin Bank.

Q. How to pay Paschim Banga Gramin Bank Gold Loan online?

You can pay for your Gold Loan from Paschim Banga Gramin Bank in easy monthly instalments or through post-dated cheques.

Q. How to apply Gold Loan in Paschim Banga Gramin Bank?

You can apply for Paschim Banga Gramin Bank Gold Loan either by visiting the branch or through Dialabank.com to get the best deals and offers. You just need to fill a form and submit it with the required documents.

Q. How to renew Paschim Banga Gramin Bank Gold Loan online?

To renew your Gold Loan you will be required to visit the loan branch with your loan documents and apply for a renewal. A renewal fee may be charged and after revaluation of your gold, your loan will be renewed.

Q. How to take Gold Loan from Paschim Banga Gramin Bank?

Competitive rates of interest are offered against Gold Loan depending on the amount of the loan. All you have to do is visit the branch with your gold and apply for the Gold Loan. The loan amount can be used to meet any urgent expenses of the borrower.

Q. What is Gold Loan in Paschim Banga Gramin Bank?

Paschim Banga Gramin Bank offers loan against gold as a financial service to help the borrowers fulfil their monetary needs without the need for any income statement or a good credit score. The bank provides the loan for a maximum period of 12 months and can be renewed for another period of 12 months.

Q. How to get Paschim Banga Gramin Bank Gold Loan?

Getting Gold Loan depends on whether you’re eligible for the product or not. Eligible candidates can apply through Dialabank’s digital platform to get personalized assistance for taking the best deal suitable to their needs.

Q. How to check Paschim Banga Gramin Bank Gold Loan status?

Checking the status of your loan application can be done by visiting the home branch and contacting the loan officer associated with your file or call on the toll-free helpline number.

Q. How to close Paschim Banga Gramin Bank Gold Loan?

You can close your Indian Bank Gold Loan once you have paid all your pending dues. The bank after documentation will close your loan and return to you the gold that was pledged.

Q. How to renew Paschim Banga Gramin Bank Gold Loan?

Renewal of Gold Loan can be done by visiting the branch along with all the loan documents. The gold is released and revalued based on new market rates and new terms are agreed upon for the renewal of the loan.

Q. What happens if someone defaults Paschim Banga Gramin Bank Gold Loan?

Defaulting on your Gold Loan will decrease your credit score and will also give the legal rights to the bank to auction your Gold and recover the money.

Q. How many branches of Paschim Banga Gramin Bank Gold Loan?

The Bank is operating in five districts of West Bengal State and has 230 Branches and 4 Regional Offices.

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