People having immediate money requirements have a lot of options to attain that money from, the most popular form of a loan, in that case, is a personal loan. But the personal loan can be a little difficult to achieve considering its high-interest rates and more documents approval. This has led to an increase in the number of customers for gold loans and the financial debt that COVID-19 has caused, there is a neck-to-neck competition between all banks to get more customers on board. Joining in this race with India’s top banks and Non-banking Financing company (NBFC) is the Capital small finance bank.
When applying for a gold loan, you need to keep in mind that the amount of gold the customer pledges will determine the amount of money they receive. For Capital Small finance bank gold loans, up to 70% of the market value can be attained. According to the new guidelines that RBI issued keeping in mind the upheaval that COVID-19 caused, some banks like HDFC, Bank of Baroda, Punjab National Bank, etc are offering their customers a market value of up to 90%. Greeting maximum market value on the collateral gold is sure to increase the customer base of gold loans. The loan amount also depends upon the purity and quantity of the gold. For bank minted gold coins of 24 carats, the customer is most likely to get more money.
Capital small finance bank gold loan is trying to make a mark in the gold loan market by offering low-interest rates and less processing fee not just to their pre-existing customers but also to the new ones trying to offer the most benefits. With the Capital small finance bank gold loan, a maximum of Rs. 10 lakhs can be loaned by the customer if their gold holds that much value.
Dialabank is here to take care of all your financial needs absolutely Free of Cost. Get personal loan with the best interest rates and processing fee. You can get customized assistance by visiting our website, www.dialabank.com or call us on 9878981166.