Gold Loan Meerut

Major Gold Loan Providers in Meerut

Gold Loan Meerut Features

Gold Loans are an appropriate and fitting way to avail short-term credits as most of the major banks and NBFCs provide the service at a low rate of interest and minimum documentation. Gold Loans are secured loans that can be availed by keeping your precious belongings such as Gold ornaments/Jewelry as collateral or security deposit. Banks sanction Gold Loan easily considering the fact that you repay the amount in the form of interest in a specific period of time.

1. No income and salary criteria
2. Gold loans do not require any documentation or validation for the income or salary of the person. So even if you are unemployed and unsalaried, you can still avail of a gold loan. This is because you are pledging a valuable asset, i.e. gold, in return for the money.
3. Can be provided in cases of bad credit history as well as low-income level
4. Relatively Lower interest rates: Another advantage of taking a gold loan is that they are available at low-interest rates.
5. You need to repay only the interest-You have the option to pay only the interest during the tenure of the entire Gold Loan, and at the end of tenure, you can pay the entire borrowed amount in a single shot.
6. Total Convenience- The most convenient of all the loans is a gold loan. This is because in this, all you have to do is pledge your gold with a bank or a private finance institute, and the work is done. You can get a loan up to 80% or more of its market value immediately.
7. Less processing time- No tedious and lengthy documentation is required in the case of gold loans. Hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan, whereas some NBFC’s state that they only take a few minutes for the same task.

Gold Loan Meerut Interest Rates – Jan 15 2025

Gold Loan Per Gram For All Major Bank in Meerut – Jan 15 2025

Gold Loan Eligibility Criteria in Meerut

Documents for Gold Loan Meerut

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Eligibility Criteria for Gold Loan Meerut

1. The applicant should be either salaried or self-employed.
2. The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
3. The nationality of applicants should be Indian.

How to Apply for Gold Loan Meerut

Online Process to Apply for Gold Loan Meerut

You can apply for the Gold Loan Meerut at Dialabank. The process is straightforward. To begin, You have to fill a simple form online.

Dialabank is considered the best platform to apply for a gold loan online. There are so many reasons behind this.

1. First of all, Dialabank is India’s first financial helpline; it provides the best financial services to customers all over the country.
2. Besides that, the bank has a good reputation among the customers because of its best services.
3. Another reason, if you apply for a gold loan on Dialabank, then you will get a low Gold Loan Interest Rate.
4. Also, Dialabank provides a document pickup facility from the doorstep of the customer.
5. One more important thing is that Dialabank guides the customers free of cost. That is, there are no additional charges of applying for a gold loan online on the website of Dialabank.
6. Also, while applying for a gold loan per gram online through Dialabank, very little paperwork is required.
7. One more thing is that you will get a high LTV of your gold.
8. Finally, the Relationship managers are trained enough to guide you in the entire process of Gold Loan.

Offline Process to Apply for Gold Loan Meerut

The applicant also has an option to avail of a Gold Loan through the offline process. This requires extensive market research along with some manual efficiency as it requires you to visit the bank physically.

The applicants need to search for the nearby banks offering Gold Loans and visit them during their working hours. Thereafter, their relationship manager will correspond and assist you according to your requirements.

Processing Fees / Prepayment Charges on Gold Loan Meerut

EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison

CIBIL Score Required for Gold Loan Meerut

CIBIL score is not required to avail of a gold loan. The applicant should have all the necessary documents and should be eligible to apply for the loan according to the criteria.

Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Meerut