Gold Loan Nainital

Major Gold Loan Lenders in Nainital

Gold Loan Nainital Features

Gold carries an emotional value for Indians. They purchase gold not only as jewelry but a future investment that can serve their needs in tough times. Whenever there is urgent cash required for covering medical costs, business expansions, paying for higher education or debts in general, Indians often think to overcome such financial needs by taking a loan against their gold as it’s the best option for availing a loan for even those who don’t have great credit or CIBIL score as the gold loan is protected by the gold security collateral that one pledges with the bank.

Gold Loan Nainital loan provides monetary aid to the borrowers at low and best gold loan interest rates. To get Gold loan, the borrower need not have a well-off and good source of income or excellent credit history, as the gold collateral makes the confirmation and loan approval procedure faster.

In addition to it, the inherent fluctuation in the market rate of gold enables you to secure around 75 percent of the gold value as the sanctioned loan amount.

Gold Loan Nainital Interest Rates – Dec 16 2024

Gold Loan Per Gram For All Major Bank in Nainital – Dec 16 2024

Gold Loan Eligibility Criteria in Nainital

Documents for Gold Loan Nainital

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 Nainital

1. Applicant must be a full-time Indian citizen between the age of 18 to 70 years.
2. Borrower must be the rightful owner of the gold pledged with the bank.
3. The gold pledged with the bank shall not be less than 10 grams in weight.
4. The min gold purity to get eligible for gold loan- 18 carats.
5. 24-carats gold is not accepted by the bank be it in any form (coins, jewellery, bars, biscuits, etc).

How to Apply for Gold Loan Nainital

Apply Online for Gold Loan Nainital

Dialabank lets you apply gold loan online for availing gold loan by just filling the loan application form present at our website. Once it is done, you’ll receive a phone call from our Single Relationship Manager to guide you further. We also help you with our pickup service for your document verification from our end. For more info, you’re free to call on 9878981166. Dialabank is the best financial digital platform for availing gold loans. What makes Dialabank better than its competitors? We have tried to list some of the features that set Dialabank apart:

1. India’s first financial helpline, Dialabank was founded back in 2012; it strives to provide quality financial products and services to PAN India customers.
2. At Dialabank, consultations are free of cost for the customers. There are zero additional charges for availing of gold loan via Dialabank.
3. We at Dialabank help you get a high LTV on your gold ornaments because we understand how precious they are for you.
4. Dialabank is a reputed name among its customers for swift and easy services.
5. Availing gold loan at Dialabank gets you a lower Gold Loan Interest Rate.
6. Dialabank gives you a doorstep pickup facility for document verification.
7. Availing gold loan via Dialabank is almost paperless.
8. Our Single Relationship Managers are trained properly to assist you in availing the gold loan and sail you through the entire process.

Apply Offline for Gold Loan Nainital

Applicants can also avail the gold loan per gram in offline mode by contacting the nearest bank branch near them. The search results on Google will enlist several banks and their nearby branches. Approach the banks with the required documents. You will then be required to visit the bank and duly fill the gild loan application form and go through the process of verification and approval which can take up a few hours to a couple of days. However, there is a quick loan disbursement process at some banks and NBFCs like HDFC Bank, Private Bank, and Muthoot Finance.

Processing Fees / Prepayment Charges on Gold Loan Nainital

In the wake of the global outbreak of COVID-19, banks have decided not to charge any gold valuation fee. Details of other charges applicable are as given below:

EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison

Is a good CIBIL Score Required for Gold Loan Nainital?

Those without a good credit or CIBIL score or income proof are often not eligible for personal or business loans, however, they can avail gold loan as it is a secured loan secured by the gold collateral pledged with the bank. Hence, even a person with a low CIBIL score is eligible to avail of a gold loan. You’ll be classified as a loan defaulter if you do not oblige by the loan contract of the bank. Even a single day delay gets reported to all credit bureaus and will substantially affect your CIBIL score. It can also lead to penalty charges and repeated failures of timely payments empower the bank to legally acquire your gold articles.

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