Puduvai Bharathiar Grama Bank Gold Loan Documents Required

Features of Puduvai Bharathiar Grama Bank Gold Loan

Gold Loan is the ultimate solution to the instant requirement of money. Gold loans are hassle-free and very easy to acquire. The only thing that you need to have for getting a gold loan at Puduvai Bharathiar Grama Bank is the gold itself.

You can lend any type of gold such as gold ornaments, gold bars, gold coins, etc.

Some features of the Puduvai Bharathiar Grama Bank Gold Loan are:

• Seemless Procedure of obtaining Loan: Banks provide customers with loans usually in the period of hours of sanctioning the loan, the reason behind being that the borrower presents Gold at the time of the application and processing.
• Security of Collateral: After the customer lends their Gold as collateral for the loan to the lender, the Gold is kept safe and secured in the Bank lockers.
• No Proof of income: Gold loans are sanctioned based on the collateral that the customer gives to the bank as Gold. Which makes income an irrelevant subject to judge a person’s ability to repay the loan as they can get the amount back from the collateral itself if the borrower isn’t able to repay.
• No Foreclosure Charges:  Lenders providing Gold Loans have no prepayment charges.

Puduvai Bharathiar Grama Bank Gold Loan Comparision with banks

Puduvai Bharathiar Grama Bank Gold Loan EMI calculator

Puduvai Bharathiar Grama Bank Gold Loan EMI Calculator helps in calculating the EMI beforehand. Calculating EMIs is a very important step as it helps in getting an idea of how much you are going to repay every month. It helps in managing money.

Dialabank’s Puduvai Bharathiar Grama Bank Gold Loan EMI Calculator will help in obtaining accurate results.

Puduvai Bharathiar Grama Bank Gold Loan EMI Calculator works on the following values:

Loan Quantity: If you ask for a larger gold loan online, your EMI will be higher.

Internet Rates: The interest rate is directly proportional to the cost of EMI. Higher the interest rate greater the EMI.

Loan Duration: In the case of an extended loan period, the EMI on gold is reduced.

Puduvai Bharathiar Grama Bank Gold Loan Documents Required

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Puduvai Bharathiar Grama Bank Gold Loan Documents Required – FAQs

✅ Can I keep my gold bars as a gold loan?

Yes, you can keep your gold bars for availing of a gold loan.

✅ What is kept as security for gold loans?

Banks do not keep anything as security in the case of gold loans as gold is itself a commodity.

✅ What should be the age limit of getting a gold loan?

Any individual in between the age of 24-65 can get a gold loan.