Gold Loan Longowal

About Gold Loan Longowal

Major Gold Loan Providers in Longowal

Gold Loan Longowal Features

Gold is a valuable metal. It has cultural, social, and financial worth and various individuals over the globe accept gold for different reasons. In any case, today, on account of developing financial segment offices, Gold Loan Longowal can likewise assist with meeting the money related necessities of individuals who have required the advance against gold to sustain and match with their monetary emergencies.

Gold Loan is a gold credit which is kept as security. After a legitimate check of documents and gold, the Loan is authorized by the bank. Gold Loan Longowal is a convenient and unproblematic procedure of availing loan to meet an individual’s financial necessities.

Benefits of Gold Loan Longowal

1. There are no prepayment charges.
2. It requires insignificant documentation when contrasted with different loans.
3. Effectively accessible
4. No credit checks
5. Straightforward Procedures
6. No EMI administration, just interest
7. Minimum Documentation
8. It doesn’t require any cosigner.
9. It includes basic methodology and quick Loan endorsements.
10. The candidate has choices to pay just interest during the tenure of the credit.
11. Quick Loan Approval
12. An individual ought to have at least 20 Gram gold to profit the Loan.
13. No punishments are included.
14. In-house gold assessment
15. Accessible within a time span of 30-60 Mins
16. You can avail a maximum tenure period up to 6 to 12 Months.

Know More: Gold Loan Features

Gold Loan Longowal Interest Rates

1. 10.70% is the minimum annual interest rate you can expect on these loans.
2.  Therefore, the monthly interest rate would end up being lower than 1%
3. Also, you can foreclose your mortgage by paying the pre-closure charges.
4. By using this feature, you can get your collateral gold back before the tenure ends. The pre-closure costs range from 0-3% of the total loan amount.
5. The loan tenure period starts from 6 months and can last up to 5 years.

Know More – Gold Loan Interest Rate

Documents for Gold Loan Longowal

1. Identification Proof: Passport Copy/Driving License/Aadhaar card/Voters ID card.
2. Address Proof: Ration card/Tel, Electricity Bill/Rental bill/Passport duplicate/Trade permit/Shop and Est. Permit/Sales Tax declaration.
3. Sign Proof: Passport Copy/Banker’s confirmation/Driving License/cheque.
4. Photo necessity: 2 identification passport size photos.

Additional Documents Required for Gold Loan Longowal

1. Land Proof: In case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.
2. A Demand Promissory Note.
3. Certificate by the Jewel Appraiser (to be handled by the bank).
4. Income Proof Requirement: Commission Certificate and Form No.16

Eligibility Criteria for Gold Loan Longowal

1. The minimum loan amount for taking Gold Loan Longowal is Rs. 25,000. The maximum loan amount will depend upon the weight of the gold, profile of the customer, etc.
2. Minimum age of applicant: 21 years
3. Maximum age of applicant at loan maturity: 65 years
4. Gold jewelry should be owned by the applicant or any of the family members.

Know More – Gold Loan Per Gram

How to Apply for Gold Loan Longowal

Online Process to Apply for Gold Loan Longowal

A borrower must yield a concise application form to the Moneylender with Gold resources.

The Gold Loan is approved subsequently after checking the validity of the gold.

An individual can easily apply online on Dialabank. The system is uncommonly basic and bother free. The documentation procedure is extraordinarily less too.

Offline Process to Apply for Gold Loan Longowal

The Gold Loan seeker in addition has a choice to benefit Gold Loan Advance from the nearby branches. To do as such, scan for Gold Loan providing branches on google. It’ll select all the parts of banks and back organizations giving credits close to you. You can wish to pick them in correspondence to your tendency and data.

Dialabank can do that for you in a quicker and way better way. At that point you must visit those workplaces and apply for Gold Loan.

You can benefit advance advances from HDFC Gold Loan Credit Branches. Just as to find a division that is neighboring, look for Muthoot Gold Loan close by. Google will enlist all the Muthoot Gold Credit Branches close to you.

Know More – Top Reasons why Gold Loan is the best borrowing option

Processing Fees / Prepayment Charges on Gold Loan Longowal

CIBIL Score Required for Gold Loan Longowal

CIBIL Score is a 3-digit numeric overview of your loan financial record. Each crediting foundation has its standards for the least CIBIL score which is compulsorily required to set up a Gold Loan application. A large portion of the affiliations require a least score of 900 to deal with your credit application.

Once in a while, these instituitions probably won’t look at your CIBIL score however your loan trade history, that is the way rapidly and exceptional you’ve been in taking care of your past advance advances. In the occasion, on the off chance that you have an incredible record of taking care of off your credit tabs by then it may make it more straightforward for you to benefit a gold advance development. Deferrals in taking care of your past advances can in addition go about as a hindrance in profiting your new credit advance.