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GOLD LOAN FAQs
A gold loan transfer is a facility that helps borrowers transfer existing loans with other companies to a different company. This is usually done in order to avail of other benefits, such as lower interest rates, higher loan amounts, flexible repayment schemes, and better security coverage. At DialaBank, we also make this procedure a lot simpler to make your loan transfer hassle-free. By simplifying the process, we take care of most of the procedure so that you can focus on fulfilling your personal or business goals.
Gold loan transfer gives you more savings using lower interest rates starting at 0.49%. The loan transfer is done easily in 30 minutes at your doorstep. This makes it very easy for you to get more out of your gold with just a click. The Loan Transfer is hassle-free as our loan manager helps you complete all documentation needed for the gold loan takeover. We also provide the highest per-gram rate for your gold in the entire market, thus allowing you to get more value out of your gold. The rates of gold keep changing which gives you an opportunity to apply for DialaBank’s gold loan takeover when the rates are high and help you get even better value for your gold. This way, we can guarantee that you will receive the highest loan value for your gold, which is verified by certified professionals at the time of the appraisal.
The Gold Loan Transfer process, also known as Gold Loan Takeover was conceptualized to help customers choose the best gold loan option in the market.
IMPORTANT TERMS & CONDITIONS
Interest Rate: Annual Percentage Rate Minimum 9.48% to Maximum 28%
Loan Tenure: Repayment Tenure Over 12 to 48 months
For example, if you take a loan of Rs. 4.5 lakhs at the rate of 15.5% with a repayment tenure of 3 years, your EMI will be Rs. 15,710. The total payable amount at the end of 3 years would be Rs. 5,65,553. Therefore, you are paying the total interest amount to the tune of Rs. 115,553. This, however, excludes other applicable charges which can be quantified as under:
- Loan Processing Charge @ 2% = Rs. 9,000
- Gold Valuation Charges: Rs. 260 per lac
- Stamp Duty: as per State Laws
- Amortization Schedule charges = Rs. 200
In case of a change of payment mode or swapping your Post Dated Cheques, additional charges are applicable. Also, depending upon the lender bank, prepayment options may or may not be available and the applicable charges may vary accordingly.
Dialabank.com Services are free of cost. We do not charge any fee from any of our customers.
Loans originated, booked and serviced by our partner Banks/NBFCs. Subject to credit appraisal in the sole discretion of our partner Banks/NBFCs and terms & conditions as agreed under an individual loan agreement.
Our Partner Banks and NBFCs don’t offer personal loans which require repayment in full in 60 days or less from the date the loan is issued. Subject to the necessary KYC and verification.