Features of Assam Gramin Vikash Bank Gold Loan
Following are some of the features of the Assam Gramin Vikash Bank Gold loan :
- The interest rate of the gold loans is very less compared to other loans. If you look at the case of Personal loan interest rate varies from 12% to 19% per annum for a personal loan whereas for a gold loan it is between 7% to 15% per annum.
- Gold loans are a type of secured loan where gold acts as collateral. If you apply for a gold loan, the loan distribution process is very fast you can get the loan processed with an hour.
- For a good loan application, you do not need a credit history. A credit score is a numerical value used to analyze while taking any loan, if your credit score is not good loan request is declined but in the case of secured loans like a gold loan, this doesn’t come into the picture as gold is kept ensuring security.
- Anyone between 18 to 65 years can apply for a gold loan.
- Assam Gramin Vikash Bank Gold Loan Documents Required doesn’t contain income proof. You can get a loan without showing income proof documents.
- The Gold loan has the option of pay interest rate only in this you only pay interest rate every month, the principal amount can be paid in a lump sum at the end of the gold loan.
Assam Gramin Vikash Bank 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
Private 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
Assam Gramin Vikash Bank Gold Loan EMI calculator
When you apply for any loan, the repayment process is done on monthly basics through equated monthly installments mostly known as EMI. This EMI is the amount to be paid by the borrower on monthly basics.
Don’t know how to calculate an EMI? DialaBank has made an EMI calculator to help you in calculating the total loan cost. You have to put your loan amount, interest rate, and time period of the loan. We will give you approx EMI to be paid by you every month till the loan is ended.
To know more about Assam Gramin Vikash Bank Gold Loan you can contact DialaBank on 9878981166.
Assam Gramin Vikash Bank Gold Loan Documents Required
Mentioned below are Assam Gramin Vikash Bank Gold Loan Documents Required
At the time of application the following documents are required:
At the time of disbursement the following documents are required:
Assam Gramin Vikash Bank Gold Loan Documents Required – FAQs
✅ Can I close my loan in 2 payments?
The loan can be closed in 2 payments after paying the full amount of the loan.
✅ What is the difference between personal and gold loans?
A personal loan is a type of unsecured loan in which you pay a big amount of interest rate whereas a gold loan is a type of secured loan with less interest rate.
✅ Do we need to have a bank account to get a gold loan?
No, You can get your gold loan without having a bank account in the same bank.