Gold Loan Pen
Are you stuck between a lack of finance and fulfillment of your dreams? Do you need money to get your dreams fulfilled? What are you waiting for? Gold Loan Pen is the answer to all your problems. Taking Gold Loan is the easiest way out as it does not consider your CIBIL score, and interest rates are very nominal.
What is Gold Loan?
Gold Loan is a secure financial scheme that acts as a piece of wood for you when you are trying hard to get out of a river of financial needs. Gold Loan Pen is the loan provided by various banks and NBFCs where they take your gold as collateral against the principal loan amount and give you the money in return of it. You can pay back the amount and get back your gold at any time, with a specified rate of interest.
Gold Loan Pen Interest Rate
The interest rate of Gold Loan Pen is less as compared to other loans like personal loans, home loans, etc. Gold Loan Interest Rate is quite reasonable. The annual Interest Rate is 10.75%. It is less than even 1% per month. If you want to close your Loan account before the actual period, then there is an option of foreclosure where you need to pay 0-3% of the total amount along with your pending amount. In this way, you need not pay interest any more.
Know More – Gold Loan Interest Rate
Gold Loan Pen Eligibility
The Gold Loan Pen process is very easy. The documentation is quite simple. However, you need to fulfill some eligibility criteria.
- Firstly, the minimum age of the borrower must be 18 years.
- Secondly, the Maximum age must not be more than 70.
- Also, the borrower must be an authorized citizen of India.
- Moreover, there are no criteria for salaried or self-employed customers. Anyone can apply for Gold Loan.
- Further, the purity of Gold must range between 18 karats to 22 karats.
- In addition to it, the minimum weight of Gold is 10 grams.
Benefits of Taking Gold Loan Pen
- Firstly, Gold Loan is a secured service; hence, it is available at a swift pace. As a result, you can get your loan in less than 2 hours of applying.
- As compared to the other Loans, the Interest Rate of Gold Loan is very reasonable.
- Gold Loan foreclosure charges are very low.
- As it is secured Loan, so the customer does not have to worry about bad loan repayment history.
- It does not consider any income proof.
- In addition to that, there are no extra charges to apply for the Gold Loan.
- The best part is that the borrower can pay the principal amount at the end of the tenure.
Know More- Gold Loan: Factors to Remember
Documentation Required for Taking Gold Loan Pen
- Identity proof- Aadhar Card/PAN Card/Passport/Voter ID
- Residence proof- Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of applicant/ Rental Agreement of applicant/ Voter ID card.
- Signature proof- Passport/ Driving License/Voter Card
How to Apply for Gold Loan Pen Online?
- Firstly, a person needs to go to our website, dialabank.com.
- After that, you need to fill an application form with your basic details.
- In addition to that, you need to provide your phone number which is working so that we can contact you.
- Once you dill the form, your work is done here.
- Now you can have a seat and relax, our Relationship Manager will contact you within 30 minutes and will give you the best possible loan available in the market.
- Further, our Relationship Manager will make sure that you will get the best interest rate in the market, along with a high loan-to-value ratio (70-75% of the real value).
- Finally, once you decide from which bank you want to take a loan, all you need to do is go and deposit your gold and take back the money.
- Within 24 hours, your loan will get dispersed.
About Pen
The pen is a town plus taluka in Raigad district in Maharashtra, India. It is famous for world-class Ganesh idols. It is geographical as well as the cultural center of Raigad district. People in this city are employed in various sectors such as business, education, banking, services, papad making, and most importantly, idol-making.
Most villagers are dependent for their living on Paddy farming in monsoon. Various vegetables are also grown as by-products, especially in the eastern part of the country.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
10.00% – 14.50% |
|
|
10.00% – 16.10% |
|
|
12.00% – 24.00% |
|
|
14.50% – 17.00% |
|
|
19.00% – 26.00% |
|
|
10.00% – 15.99% |
|
|
19.00% – 26.00% |
|
|
11.75% 13.50% |
|
|
12.00% – 12.00% |
|
|
12. 90% – 14.65% |
|
|
12.65% – 12.65% |
|
|
11.70% – 10.45% |
|
|
11.15% – 15.75% |
|
|
10.75% – 11.75% |
|
|
14% – 26% |
|
|
11.5% – 14.5% |
|
|
14% – 16% |
|
|
11.05%-15% |
|
|
10.00% – 15.99% |
|
|
19.00% – 26.00% |
|
|
11.75% – 13.50% |
|
|
12.00% – 12.00% |
Gold Loan In other Cities
| Gold Loan Ozar | Gold Loan Nandurbar |
| Gold Loan Nilanga | |
| Gold Loan Nigdi | Gold Loan Murtijapur |
| Gold Loan Narkhed | Gold Loan Morshi |
