About Uttar Bihar Gramin Bank Gold Loan
About Gold Loan
Gold Loan is a financial facility that provides help to customers in a time of financial crisis. It is a type of loan in which the loan amount granted to the customer depends upon the valuation of gold ornaments kept as security.
The interest rates of the gold loan are less than the personal loan as it is a secured service. Gold Loans are provided by a good number of banking and nonbanking financial companies to the customers.
Uttar Bihar 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 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. Uttar Bihar Gramin Bank Gold Loan is available at 1% per month interest rate.
- Gold Loan Interest rate – 10.70 %
- Offer low processing fee – 0.85%
- Pre-closer charges range from 0 – 2 %.
- Tenure minimum six months; maximum five year
- Amount – Thousand to a crore
Why Should You Choose Uttar Bihar Gramin Bank Gold Loan?
So many banks and non- financial organizations provide a Gold Loan. Then why should you choose Uttar Bihar Gramin Bank for a Gold Loan? Here are some reasons
- The bank is very dedicated to its customers.
- High Loan amount from a minimum in thousands to a crore.
- Quick processing.
- Bad credit history/ CIBIL score, not an issue.
- Instant Processing and Disbursal.
- The lowest interest rate.
- Minimum documentation required.
- Flexible repayment options
Uttar Bihar Gramin Bank Gold Loan Advantages
- Less Documentation Process – Documentation requirements for availing a Gold Loan from Langpi Dehangi Rural Bank are quite less. The applicants are not asked to provide lengthy proofs to avail the financial service.
- Easy to get – Availability of Langpi Dehangi Rural Bank Gold Loan service is excellent. That is, people can easily avail a gold loan at nearby branches. It is not tough to find a nearby branch.
- CIBIL Score – Credit Score does not matter in this service, that is, the applicant does not have to worry about low credit repayment history. If anybody has a bad repayment history, they can improve the same by taking a Gold Loan.
- Processing Fees – Langpi Dehangi Rural Bank does not charge any processing cost for a loan application. Most of the banks charge a fee, but in the case of this company, there are no charges of availing a Gold Loan.
- Tenure– Langpi Dehangi Rural Bank provides a flexible period of the loan. It starts at one year and can go up to 1 year.
- Safety – The protection of ornaments is the responsibility of the bank. That is, the applicant does not have to worry about the ornaments they have deposited.
- Simple Process – The system of this service is very transparent. That is, Langpi Dehangi Rural Bank does not hide anything from the customers.
Uttar Bihar Gramin Bank Gold Loan Eligibility
- The age of the applicant should lie between 18 years to 70 years.
- The applicant should be a citizen of India.
- The quality of gold should be from 18 Carat to 22 Carat to get a loan.
- Another equally essential criteria are the weight of gold which should be more than 10 grams.
- Anyone can apply for a Gold Loan whether you are a salaried applicant or self-employed.
- To avail a Gold Loan on agriculture land, one has to submit the land proof to the bank.
Gold Loan Process
- The bank checks the purity of the gold.
- The bank verifies 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 deducted from your Gold loan amount.
- After signing the agreement, the loan amount is disbursed to your account.
Why Dialabank for online 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.
Gold Loan VS. Personal Loan
- You get at least 75% of their actual gold value as a Gold Loan amount.
- Gold loan application takes only 1-day processing time and an hour to disburse.
- Gold Loan customer can repay the loan before time with no foreclosure charge
- You get lower or in some cases no processing fees
- A borrower with low credit score/CIBIL can even get Gold Loan
- Bank give loan amount by your Gold purity
- A borrower with low credit score/CIBIL can also get Gold Loan
FAQ’s About Uttar Bihar Gramin Bank Gold Loan
Q. How much Gold Loan can I get per gram in Uttar Bihar Gramin Bank?
The loan amounts you get per gram of gold depend on the rate of gold in the market. The banks give funding of nearly 80% of the total value of the gold to the customers.
Q. What is Uttar Bihar Gramin Bank Gold Loan?
Gold Loan is a financial service offered to individuals in need of funds for business expenses or for fulfilling their expenses. The banks give these loans at a lower rate of interest as these are fully secured and flexible tenure with the facility of renewal.
Q. What is the Gold Loan interest rate in Uttar Bihar Gramin Bank?
The rate of interest charged on Gold Loans usually starts from 10.70% per annum and varies according to the latest market prices of the gold and the total amount that is to be borrowed.
Q. How to pay Uttar Bihar Gramin Bank Gold Loan online?
You can pay for your Gold Loan using different convenient methods offered by the bank. More information on this can be gained by visiting the nearest loan branch of the bank.
Q. How to apply Gold Loan in Uttar Bihar Gramin Bank?
The application process is easy and does not require much time or documents. With minimal documents and a form, you can apply for this loan. You can also apply Dialabank to compare and take the best deal from the comfort of your own home.
Q. How to renew Uttar Bihar Gramin Bank Gold Loan online?
To renew your Gold Loan upon the end of its tenure you will be required to visit your loan branch and ask your banker for renewal of your loan. Your gold will be revalued and new loan terms will be decided.
Q. How to take Gold Loan from Uttar Bihar Gramin Bank?
Taking Gold Loan from Uttar Bihar Gramin Bank is a convenient and quick process. You just need to be eligible for the loan and apply for it by visiting the branch or apply online. The bank gives quick approval and disbursement after the evaluation of gold if the documents are in order.
Q. What is Gold Loan in Uttar Bihar Gramin Bank?
Gold Loan is a lending product of Uttar Bihar Gramin Bank through which you can get a loan by submitting your gold ornaments as security. The loan amount and interest rates are dependent on the purity of your gold and vary accordingly. Uttar Bihar Gramin Bank Gold Loan comes with same day disbursement and attractive interest rates.
Q. How to get Uttar Bihar Gramin Bank Gold Loan?
You can easily get a Gold Loan by visiting the branch with your gold and applying for the same with the loan officer. You can also apply online with Dialabank for convenience and to get personalized assistance.
Q. How to check Uttar Bihar Gramin Bank Gold Loan status?
You can check the status of your Gold Loan by contacting the customer care helpline of the bank or by visiting the branch physically and meeting the loan officer.
Q. How to close Uttar Bihar Gramin Bank Gold Loan?
Closure of your Gold Loan takes place once you have paid the due amount of your Gold Loan which has been realized by the bank and the gold ornaments have been released along with the issue of No Dues Certificate.
Q. How to renew Uttar Bihar Gramin Bank Gold Loan?
If you desire to renew your Gold Loan with Uttar Bihar Gramin Bank all you need to do is visit the branch with your documents and apply for a renewal. Some renewal processing fee may also be charged from the borrower.
Q. What happens if someone defaults Uttar Bihar 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 Uttar Bihar Gramin Bank Gold Loan?
Uttar Bihar Gramin Bank has a wide network of more than 1000 branches in the state providing quality service to the customers.
Other Major Gold Loan Providers
Table of Contents
- 1 About Uttar Bihar Gramin Bank Gold Loan
- 2 About Gold Loan
- 3 Uttar Bihar Gramin Bank Gold Loan Interest Rate
- 4 Why Should You Choose Uttar Bihar Gramin Bank Gold Loan?
- 5 Uttar Bihar Gramin Bank Gold Loan Advantages
- 6 Uttar Bihar Gramin Bank Gold Loan Eligibility
- 7 Gold Loan Process
- 8 Why Dialabank for online Gold Loan?
- 9 Gold Loan VS. Personal Loan
- 10 FAQ’s About Uttar Bihar Gramin Bank Gold Loan
- 10.1 Q. How much Gold Loan can I get per gram in Uttar Bihar Gramin Bank?
- 10.2 Q. What is Uttar Bihar Gramin Bank Gold Loan?
- 10.3 Q. What is the Gold Loan interest rate in Uttar Bihar Gramin Bank?
- 10.4 Q. How to pay Uttar Bihar Gramin Bank Gold Loan online?
- 10.5 Q. How to apply Gold Loan in Uttar Bihar Gramin Bank?
- 10.6 Q. How to renew Uttar Bihar Gramin Bank Gold Loan online?
- 10.7 Q. How to take Gold Loan from Uttar Bihar Gramin Bank?
- 10.8 Q. What is Gold Loan in Uttar Bihar Gramin Bank?
- 10.9 Q. How to get Uttar Bihar Gramin Bank Gold Loan?
- 10.10 Q. How to check Uttar Bihar Gramin Bank Gold Loan status?
- 10.11 Q. How to close Uttar Bihar Gramin Bank Gold Loan?
- 10.12 Q. How to renew Uttar Bihar Gramin Bank Gold Loan?
- 10.13 Q. What happens if someone defaults Uttar Bihar Gramin Bank Gold Loan?
- 10.14 Q. How many branches of Uttar Bihar Gramin Bank Gold Loan?
- 11 Other Major Gold Loan Providers