Rajasthan Marudhara Gramin Bank Gold Loan Features
The ability to acquire money anytime one needs can be attained by the means of a Gold Loan. The Rajasthan Marudhara Gramin Bank Gold Loan Approval Process is quite fast and efficient. In the period of a few hours the customer is provided with a Gold Loan in exchange for the collateral in form of Gold, the fund disbursement is done very quickly. It is the bank’s responsibility to keep the borrower’s assets safe. The gold loan is given to people who are in need of money in an emergency since taking this loan out will not require a lot of documentation process and offers low-interest rates.
You can visit Dialabank for more information about gold loans.
Rajasthan Marudhara Gramin Bank Gold Loan Eligibility
|Minimum and Maximum Age||
21 Yrs – 65 Yrs
Note: However, many banks require a minimum age of 23 years
Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
Interest rates are lower for a higher loan amount
Salaried and self-employed both are eligible
Businessmen are increasingly taking gold loans to meet their working capital requirements.
In fact, housewives, senior citizens who are not eligible for other loans because they have no income proof can easily avail of gold loans.
|Quality of Gold||
Gold ornaments should range in between 18 to 24 Carats
An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
Banks do not check CIBIL score for granting a gold loan
However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
|Gold ornaments that can be used for availing loan||
Gold bars and coins
Gold with 18-24 carat purity
|Employment track record and income proofs||
Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.
Rajasthan Marudhara Gramin Bank Gold Loan Documents Required
|List of Documents|
Passport (Not expired)
Driving license (Not expired)
Voters’ ID Card
Aadhaar Card issued by UIDAI
PAN (Permanent Account Number) Card (along with any of above-mentioned documents) or Form 60
One Passport Size Photograph
Agri Allied Occupation Documentation( in case of bullet repayment for agriculture customers)
Rajasthan Marudhara Gramin Bank Gold Loan Approval Process
The Rajasthan Marudhara Gramin Bank Gold Loan Approval Process is largely carried out offline. You can follow these steps to apply for a gold loan at Rajasthan Marudhara Gramin Bank :
- Visit any branch of the bank.
- Fill up the application form for the gold loan and submit all the required documents correctly.
- Have your eligibility confirmed and gold valued by the bank representatives.
- Discuss the terms of the loan and have the gold loan approved by the bank.
Alternately, if you wish to carry out the Rajasthan Marudhara Gramin Bank Gold Loan Approval Process online, you can visit Dialabank for the best services. Fill up the form and our relationship managers will be in touch with you in a short time. You can also choose to directly call us at 9878981166 to avail of our services.
FAQs on Rajasthan Marudhara Gramin Bank Gold Loan Approval Process
✅ Who is eligible to avail of a gold loan at Rajasthan Marudhara Gramin Bank?
All individuals who are between 18 to 70 years of age and in possession of gold ornaments are eligible to avail of a gold loan at Rajasthan Marudhara Gramin Bank, provided they produce the required documents correctly.
✅ How much Gold Loan can I get per gram in Rajasthan Marudhara Gramin Bank?
The Rajasthan Marudhara Gramin Bank gold loan per gram rate of gold depends on the purity of the gold that is to be mortgaged in the bank and the market price of the gold. The funding that is offered by the bank can be up to 70% of the collateral value.
✅ What is the Gold Loan interest rate in Rajasthan Marudhara Gramin Bank?
The interest rate charged by the bank on Rajasthan Marudhara Gramin Bank Gold Loan depends on the amount of the loan that is taken and the quality of the gold to be mortgaged. The rate of interest begins at 7% per annum.