Standard Chartered Gold Loan Documents Required

GOLD LOAN @ 0.57%*
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⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.57% p.m.

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    Standard Chartered Gold Loan Documents Required

    Features of Standard Chartered Gold Loan

    • Standard CharteredLower Interest Rate:- Everyone wants the lending facility to have reduced interest rates. Because it is a secured loan, a Gold Loan may be the best alternative for you. As a result, lenders charge reduced interest rates. In addition, the gold will be used as collateral for the loan. The interest rates on Gold Loans range from 9% to 20% per year, but on average, they are between 10% and 16 per cent per year.
    • High loan amount:- A gold loan allows you to borrow the highest amount possible against your pledged jewellery. Lenders use the Loan-to-Value Ratio to determine the loan amount (LTV). In the event of a gold loan, this ratio can range from 65 per cent to 90 per cent.
    • Repayment Flexibility:- Another benefit of applying for a Gold Loan is the ability to choose the repayment option that is most convenient for you. Any lending facility requires payback, and you can choose from a variety of gold loan repayment options.
    • EMI Method:- This is a monthly paid tenure. The principal and interest are to be paid every month.
    • Interests paid regularly:– Amount to be paid on regular intervals – monthly, quarterly, semi-annually, or annually and the principal at the end of the term.
    • Payments made in Advance:- Payment will be a complete interest payment in the starting and principal amount at the end of the term.
    • Faster Processing:-
      A gold loan can be the best option for someone who wants to acquire a loan instantly. Gold loans have a much faster rate as compared to other types of loans. The documentation and authentication are the only procedural part to be done, and further, the loan amount is disbursed into the account. It is a timing consuming process as well. However, this process does not take a lot of time to disbursed the amount.
    • There is no requirement for credit history:-
      A gold loan may be a good choice because the lenders do not consider the credit history while approving the loan. This is due to the security supplied in the shape of gold ornaments or bank-minted money. A gold loan is ideal for those who are looking for a loan with lenient eligibility requirements.
    • Security of Physical Gold:- It is the lender’s responsibility to keep the physical gold safe. Borrowers do not have to worry about it because it is generally kept safe in the bank’s locker. The bank returns the gold once they have paid back the loan.

    Standard Chartered Gold Loan Comparision with banks

    Bank / NBFC Rate Per Gram Interest Rate Gold Loan Tenure Min – Max Loan Amount
    ₹ 3,506 to ₹ 4,621 0.099 3 to 24 months ₹ 10 thousand to 5 crore
    ICICI Gold Loan ₹ 3,506 to ₹ 4,621 0.1 6 to 12 months ₹ 10 thousand to 5 crore
    ₹ 3,506 to ₹ 4,621 0.12 7 days to 36 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1225 12 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1025 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1 3 to 36 months ₹ 10 thousand to 5 crore
    SBI Gold Loan ₹ 3,506 to ₹ 4,621 0.0975 12 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.075 3 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 10 thousand to 5 crore
    IIFL Gold Loan ₹ 3,506 to ₹ 4,621 0.12 11 months ₹ 3 thousand to 50 lakh

    Standard Chartered Gold Loan EMI calculator

    Standard Chartered Gold Loan Documents Required

    Standard Chartered Gold Loan Documents Required are given below:

    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

    Standard Chartered Gold Loan Documents Required – FAQs

    How can I acquire a gold loan?

    It is simple to obtain a gold loan from a bank, either online or offline if you have Standard Chartered Gold Loan Documents Required. Visit our website Dialabank to apply online.

    Is it safe to take out a gold loan?

    Gold loans are regarded as a secure investment. Of course, physical gold may not be worth much, but borrowers can utilise gold loans to cover various expenses easily with Standard Chartered Gold Loan Documents Required.

    What is the gold loan eligibility criterion?

    Applicants must have Standard Chartered Gold Loan Documents Required and be over 18 and have gold to be mortgaged with the bank to qualify for a gold loan.