Gold Loan Garhwa

Gold Loan Garhwa

Ever feel like compromising your needs? The time has come where there is no such need for the suppressing your desires. Dialabank has come up with a service of Gold Loan Garhwa for its consumers so as to help them get instant cash against their gold. The entire process takes up to 30 minutes.

What is a Gold Loan?

Gold Loan Garhwa, is the Loan which is issued to the applicant against the mortgage of gold. Any person can have access to gold loans after depositing the gold he/ she wants to deposit as a mortgage and following specific procedural steps. Gold loans has become easier and quicker.

Gold Loan Garhwa Interest Rate

How to Calculate Gold Loan Interest Rate?

1. Rate of Interest: It is the amount that is charged on the amount of Loan. The Gold Loan Interest Rate depends on the factors stated below:
2. Internal/External Customer: The loan seekers who have an account in the Bank from where they want to avail the Loan, then such customers are known as internal customers. Internal customers are given a rebate on the rate of interest charged by the applicant.
3. Amount of Loan: The loan amount is the primary factor that decides the rate of interest that will be charged from the applicant. The Gold Loan Interest Rate is higher for loans with lesser amounts. Thus, the more the amount of credit, the lower is the Rate of Interest.
4. LTV Ratios: Furthermore, lending institutions charge a higher rate of interest on the gold loan with a high LTV ratio. Thus, the more the LTV of the gold jewelry, the higher is the Rate of Interest charged by the applicant.

Eligibility Criteria and Documentation required for Gold Loan Garhwa

1. Identification proof such as Passport, Voter card, or driving license.
2. Address proof which includes electricity bill, ration card, etc.
3. Passport, DL or any other proof with signature needs to be submitted for signature proof.
4. Two passport size photographs are also required.
5. The applicant should be atleast18 years old.
6. The gold ornament submitted should be at least 18 carats or above.
7. The Gold Loan Garhwa can be availed by an applicant who has at least 10 grams of gold.

Charges associated with Gold Loan Garhwa

Advantages of Gold Loan Garhwa

1. The documentation required is very minimal, and so it doesn’t demand any certificate to show your salary or income. Credit card history is also not required.
2. The gold loan requires only a few documents, such as ID proof and address proof. After providing such materials, the applicant can avail the Loan.
3. Interest rates are an attractive deal for gold loans. Usually, the interest rate varies between 12-16% per annum and is also quite as low compared to personal loans.
4. In agricultural areas, the gold loan is available at an interest rate of only 7-8%.
5. It is the most convenient and straightforward form of Loan because all you need to do is pledge your gold here with a bank and you can avail up to 75% of the market value of the gold as Loan.
6. The borrower here has the option to pay only the interest during the term of the loan and can pay the principal amount once the term is over.
7. The gold is 100% secure, and Gold Loan Garhwa can be procured under 30 minutes.
8. Best Gold Loan Interest Rate
9. Per Gram Gold Loan

How to Apply for Gold Loan Garhwa?

1. You can avail a gold loan with a single click while sitting at home. Our customer relationship manager will be providing you with the service of helping you choose the right type of loan for you.
2. Just fill a simple form so that our customer care department can look up for your finances can check your financial status and your eligibility for the loan that you have applied.
3. You will be led to the right banker for more details on your Loan. The bank executives will arrive at your doorsteps to collect required documents from you.
4. Only at the time of submission of gold you have to pay a visit to the Bank, the rest will be taken care of by the Bank’s executives.
5. For further information please contact +91 9878981166.

Gold Loan EMI Calculator

About Garhwa

Garhwa district is one of the twenty-four districts of Jharkhand