Gold Loan Lanka

Gold Loan Lanka

If you want your future to be financially secure? But lacking with funds cancel your plan. You may have to cancel many programs, such as related to finance. But now, if you have gold in your locker which is just taking up space, you can get a log loan if it which nominal interest rate and flexible repayment methods.

What is Gold Loan?

Gold Loan is that type of the loan in which applicants has to pledge his belonging to the bank in the form of the gold ornaments. You have to deposit your gold as a security and hassle-free disbursal. It gets approved within 30 minutes.

Gold Loan Lanka Interest Rates

10.70% is the minimum annual rate of interest you can expect on gold loans. If you calculate the monthly gold loam interest rate will come less than 1%. Thus, making it the lowest interest rate loaning scheme. Also, it comes with a foreclosure facility meaning you can close your Loan before time and skip the pending Emi’s and their respective interest rate amount. The foreclosure charges range from 0-3% of the total loan amount.

Eligibility criteria for Gold Loan Lanka

1. The age of the applicant should be more than 18 years.
2. The maximum period of the applicant can be 65 years.
3. The applicant must be a citizen of India.
4. The applicant should have gold more than 10 grams.

Documentation required for Taking Gold Loan Lanka

1. Residence proof: the documents required for the residence proof includes:(passport/ID card/ Voter card/ aadhar card/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
2. Identity proof: verification documents especially require one among the following:( passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them..
3. Two colored passport size photos: (Applicants should not wear any glasses)
4. Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.

Know More – Gold Loan: Factors to Remember

Why should one choose Gold Loan Lanka?

1.  You can apply the gold loan for a short period of the time generally from 6 to 12 months.
2. Gold Loan Lanka is the best Loan option for all of the unfortunate credit individuals.
3. Available at low-interest rates.
4.  You need to pay the interest rate, and no EMI’s are involved.

Advantages of Gold Loan Lanka

1. You can get Loan up to Rs.1 Crore along with 90% of in market value of your gold ornament from the NBFC
2. You get 100% Safety & Security of your collateral gold material
3. Gold Loan Lanka requires Simple documentation, and it is  fast processing gold loan
4.  The rate of interest is payable only if the amount of overdraft that you use.
5. Overdraft limit varies depending on the current situation of the scale of gold in the market.
6. You can close your Loan before time and save a few bucks.
7.  The foreclosure penalty ranges from 0-3% of the total loan amount.
8.  Both salaried and self-employed applicants are eligible to take this Loan and use it according to their financial needs.
9. The Gold Loan Lanka has flexible tenure options ranging from 6 months to 5 years.

About Diala bank

1. It is worthy that applying for the gold loan with DialaBank provides you with so many benefits and perks
2. The gold loan gets processed in no time.
3. You will get the loan amount disbursed within 15 minutes.
4. The whole process of gold loan is comfortable and hassle-free
5. All the assistance will be provided to you without any extra charges.
6. There is no need to pay any fees for any suggestion and guidance

Does CIBIL score matter in Gold Loan Lanka?

No, CIBIL Score does not matter in a Gold Loan. This being a secured service, the banks hardly check your CIBIL score while providing you the Loan. On the other hand, Gold Loan helps to increase the CIBIL score of a person

Know More – What is CIBIL Score?

About Lanka :

The Lanka is the village in India. If you have any query and you are in a urgent need of the gold loan  feel free to contact on this no.9592046860

Gold Loan Interest Rate of Different Banks – Updated 2020