Rajasthan Marudhara Gramin Bank Gold Loan
Regional rural banks Rajasthan was set up in 01 st April 2014. The license issued by the Government of India, Ministry of Finance as well as Department of Economic Affairs (Banking Division) u/s 23A of RRB Act 1976.
The erstwhile Marudhara Gramin Bank and Mewar Aanchalik Gramin Bank were amalgamated into one entity, and a new bank is known as Rajasthan Marudhara Gramin Bank, sponsored by SBI having its head office at Jodhpur city in state Rajasthan.
About Gold Loan
Gold Loan is a secured service that helps people to cope up with the financial problems of life. In this, the loan seeker has to put ornaments of gold in the bank in return of money. As soon as, the applicant gives back the loan amount, the decorations are given back to the customer in the same shape. Most of the people avail of this service because the Gold Loan Interest Rates are quite affordable in contrast to other services.
Rajasthan Marudhara Gramin Bank Gold Loan Key Features
|Gold Loan per gram||
varies depending on the purity of gold
|Age of Borrower||18 – 70 years|
|Maximum Loan Amount||Up to 10 lakhs|
|Maximum Loan to Gold Value Ratio||Up to 70%|
|The purity of Eligible gold||18 carat to 22-carat gold|
|Loan Tenure||6 to 60 months|
Rajasthan Marudhara Gramin Bank Gold Loan Eligibility
|Age||18-70 years of age|
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Gold ornaments (18-22 carats)
|CIBIL score||Above 500|
Rajasthan Marudhara Gramin Bank Gold Loan Interest Rate
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 a 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 Rajasthan Marudhara Gramin Bank Gold Loan is available at 1% per month interest rate.
|Gold Loan Rate||10.70% p.a.|
Bullet Repayment Scheme, Overdraft Scheme
|Prepayment Charges||0 – 2 %.|
|Gold Valuation Charges||variable|
Rajasthan Marudhara Gramin Bank Gold Loan Documentation
2 Passport-Sized latest coloured photos
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
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 Much Can I Get Through Rajasthan Marudhara Gramin Bank Gold Loan?
|Rajasthan Marudhara Gramin Bank Gold Loan Rates/ Gram|
|Weight||Loan on 18Cr Gold||Loan on 20Cr Gold||Loan on 22Cr Gold||Loan on 24Cr Gold|
Why should Farmers choose Rajasthan Marudhara Gramin Bank Gold Loan?
Gold Loan is a good service for the farmers. Because, if the loan amount has to be used for farming purposes. Then, the banks provide a further discount on the interest rates. Therefore, the farmers can avail the service of the gold loan at a discount of 1% on the interest rate. Finally, if you want to use the loan amount for agricultural purposes and you have gold jewellery then, Gold Loan is the best option for you.
Rajasthan Marudhara Gramin Bank Gold Loan Process
The process is quite easy to understand:
- Visit the website of the bank and check your eligibility.
- If you are eligible, apply on the website itself.
- To apply offline, take the necessary documents and gold jewellery/ coins to the nearest bank branch.
- The bank will value your gold for which it will charge you.
- The bank will offer you a loan amount. If you think it is suitable for you, accept it.
- Sign an agreement.
- Your loan will be disbursed on the same day.
Rajasthan Marudhara Gramin Bank Gold Loan Apply Online
- Go to the Dialabank website.
- Apply for a gold loan by clicking on the gold loan option on the menu and filling the provided form.
- After some time, you will find loan offers listed by us in your inbox.
- We will call you and help you choose the best one.
For more information, call us at 9878981144.
Rajasthan Marudhara Gramin Bank Gold Loan EMI Calculator
Rate of Interest
|6 months||1 Yr||2 Yrs||3 Yrs|
FAQs about Rajasthan Marudhara Gramin Bank Gold Loan
✅What is Rajasthan Marudhara Gramin Bank Gold Loan?
Rajasthan Marudhara Gramin Bank gold loan avails high funding to the customer against Gold Loan. Furthermore, the bank provides Gold Loan at a low rate of interest. It is a safe and secure method and the bank takes full responsibility for the safety of your gold ornaments.
✅How much Gold Loan can I get per gram in Rajasthan Marudhara Gramin Bank?
The Rajasthan Marudhara Gramin Bank gold loan rate per gram of gold depends on the purity of the gold that is to be pledged in the bank and the market price of the gold. The funding offered by the bank is up to 70% of the collateral value.
✅What is the Gold Loan interest rate in Rajasthan Marudhara Gramin Bank?
Rate of Interest charged by the bank on Rajasthan Marudhara Gramin Bank Gold Loan depends on the amount of the loan that is borrowed and the quality of the gold to be pledged. The rate of interest starts at 10.70% per annum.
✅How to pay Rajasthan Marudhara Gramin Bank Gold Loan online?
You can pay the Rajasthan Marudhara Gramin Bank Gold Loan EMI online through a standing instruction on your Rajasthan Marudhara Gramin Bank account or an ECS on some other bank account to automatically deduct the amount. You also have some other offline options to pay the amount.
✅How to apply for Gold Loan in Rajasthan Marudhara Gramin Bank?
You can apply for the Rajasthan Marudhara Gramin Bank Gold Loan by visiting the branch of the bank with basic identity proofs and gold for valuation. You can apply also online at Dialabank digital platform.
✅How to take Gold Loan from Rajasthan Marudhara Gramin Bank?
Taking Gold Loan from Rajasthan Marudhara Gramin Bank is a simple and hassle-free process. Just submit the documents and your gold jewellery to the bank and the bank will offer you the loan if your jewellery’s quality is up to the mark, your documents are in order, and you match the eligibility criteria. The loan is disbursed in a few hours.
✅How to check Rajasthan Marudhara Gramin Bank Gold Loan status?
Checking the status of your Rajasthan Marudhara Gramin Bank gold loan can be done by visiting the branch and contacting the loan officer. You can also email the bank for checking the status from the comfort of your home.
✅How to renew Rajasthan Marudhara Gramin Bank Gold Loan?
Renewal of Rajasthan Marudhara Gramin Bank Gold Loan is a simple and hassle-free process wherein you just need to reach the branch of the bank with all loan-related documents and get the gold kept as security evaluated according to the new prices.
✅What happens if someone defaults Rajasthan Marudhara Gramin Bank Gold Loan?
If you cannot pay for the Rajasthan Marudhara Gramin Bank gold loan, the bank charges a penalty fee from the borrower and this reflects in your credit score which affects your loan taking capacity.
✅How can I apply for the EMI moratorium on the Rajasthan Marudhara Gramin Gold loan?
You can apply for a Rajasthan Marudhara Gramin Bank gold loan EMI moratorium if you want a ‘repayment holiday’. Applying for a moratorium is extremely easy and you can do it by visiting the bank branch or its website. This option isn’t available less than 5 days before the EMI payment date.