Vidharbha Konkan Gramin Bank Gold Loan Approval Process

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

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    Vidharbha Konkan Gramin Bank Gold Loan Approval Process

    Vidharbha Konkan Gramin Bank Gold Loan Features

    Vidharbha Konkan Gramin Bank Gold Loan Approval ProcessKnow all about Vidharbha Konkan Gramin Bank Gold Loan Approval Process from Dialabank. Vidharbha Konkan Gramin Bank Gold Loan is the amount provided by Vidharbha Konkan Gramin Bank against your jewellery, ornaments, coins, as well as bullions. Loan disbursement is faster as the gold loan is a type of secure loan. Your gold is deposited with Vidharbha Konkan Gramin Bank making the loan process easier and more accessible. The interest rate is low. Additionally, the loan tenure is flexible between 12 to 48 months.

    • Easy Process and instant approval: Vidharbha Konkan Gramin Bank Gold Loan Approval Process is comparatively easy, and the loan is provided instantly.
    • Lower Interest Rate: Vidharbha Konkan Gramin Bank Gold Loan interest rate can be as low as 7%.
    • Less Documentation: Vidharbha Konkan Gramin Bank Gold Loan involves an easy documentation process and less paperwork.
    • Low Processing Fee: Vidharbha Konkan Gramin Bank charges a 0.85% processing fee on gold loans.
    • Flexible Tenure: Vidharbha Konkan Gramin Bank Gold Loan Tenure is flexible between 12 to 48 months.
    • Multiple Repayments Options: Vidharbha Konkan Gramin Bank Gold Loan offers multiple repayments options like bullet repayment, Term loans, Regular EMI’s, and Overdraft.
    • Flexible instalment schedule: Vidharbha Konkan Gramin Bank Gold Loan instalments can be done weekly or monthly.
    • Maximum Gold Value: Vidharbha Konkan Gramin Bank provides a maximum value of up to 75% on your gold loan.
    • Safe: Your Gold deposited with Vidharbha Konkan Gramin Bank as collateral will be safely stored in a unique triple-layered secure locker.

    Vidharbha Konkan Gramin Bank Gold Loan Eligibility

    Minimum and Maximum Age
    21 Yrs – 60 Yrs
    Note: However, many banks require a minimum age of 23 years
    Loan Amount
    Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
    Interest rates are lower for a higher loan amount
    Employment Type
    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 proofs 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
    CIBIL Score
    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.

    Vidharbha Konkan Gramin 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

    Vidharbha Konkan Gramin Bank Gold Loan Approval Process

    Visit Vidharbha Konkan Gramin Bank Official Website or follow these Easy Vidharbha Konkan Gramin Bank Gold Loan Approval Process steps.

    • Visit Dialabank or call 9878981166
    • Provide some details
    • Dialabank’s Relationship Managers will reach out to you
    • Your loan will be sanctioned immediately after your documents are approved

    FAQs on Vidharbha Konkan Gramin Bank Gold Loan Approval Process

    What is the maximum gold loan tenure in Vidharbha Konkan Gramin Bank?

    The maximum gold loan tenure in Vidharbha Konkan Gramin Bank is 36 months

    ✅ What is the minimum gold loan tenure in Vidharbha Konkan Gramin Bank?

    The minimum gold loan in Vidharbha Konkan Gramin Bank Gold Loan tenure is up to 6 months.

    What are the foreclosure charges of the Vidharbha Konkan Gramin Bank Gold Loan?

    Vidharbha Konkan Gramin Bank Gold Loan charges up to .50% on the principal amount for a Gold Loan Foreclosure.