Gold Loan Pulgaon

Gold Loan Pulgaon

Are you looking for a gold loan? This is the best offer for you to pledge your gold and get cash immediately in order to meet expenses arising out of difficult circumstances.Gold loan today is at the centre of attention due to light terms and conditions to get it passed within a very short duration.

What is a Gold Loan?

In this fast-moving world where people need more and more money in order to meet their personal requirements. A gold loan is a better option amongst a range of other financial products. Gold loans in the current environment increasingly become the center of attention due to its easy terms and conditions.

Gold Loan Pulgaon interest rate

1. ROI on Gold Loan is 10.75% and can go to 24%.

2. The processing fee charged is usually, and thus it is charged @ 0.85%

3. The gold loan can be procured for a minimum period of 6 months.

Eligibility Criteria and Documentation required for Gold Loan

1. Identification proof such as Passport, Voter card, or driving license.

2. Address proof which includes electricity bill, ration card, etc.

3. Passport, DL or other proof with signature needs to be submitted for signature proof.

4. Two passport size photographs are also required.

5. The applicant should be atleast18 years old.

6. The gold ornament submitted should be at least 18 carats or above.

7. The gold loan can be availed by an applicant who has at least 10 grams of gold.

Charges associated with Gold Loan Pulgaon

1. Some of the service providers may waiver Loan, but some banks do charge a processing fee.

2. Valuation Charge is the charges to be paid to the evaluator. Such fees are specific to the service provider. Those having in-house evaluators do not charge any extra amount for valuation.

3. Most of the service providers charge for late payment; this usually varies from one institution to the other.

4. The applicant should consult with the loan provider before taking the Loan. These charges could change the amount that you may finally receive and should also check for the methods of repayment  of the gold loan.

Advantages of Gold Loan Pulgaon

1. The documentation required is very minimal, and so it doesn’t demand any certificate to show your salary or income. Credit card history is also not required.

2. The gold loan requires only a few documents, such as ID proof and address proof. After providing such materials, the applicant can avail the Loan.

3. Interest rates are an attractive deal for gold loans. Usually, the interest rate varies between 12-16% per annum and is also quite as low compared to personal loans.

4. In agricultural areas, the gold loan is available at an interest rate of only 7-8%.

5. It is the most convenient and straightforward form of Loan because all you need to do is pledge your gold here with a bank  and you can avail up to 75% of the market value of the gold as Loan.

6. The borrower here has the option to pay only the interest during the term of the Loan and can pay the principal amount once the term is over.

7. The gold is 100% secure, and the Loan can be procured under 30 minutes.

How to Apply for Gold Loan Pulgaon?

1. You can avail a gold loan with a single click while sitting at home. Our customer relationship manager will be providing you the service of helping you choose the right type of loan for you.

2. Just fill a simple form so that our customer care department can look up for your finances can check your financial status and your eligibility for the Loan that you have applied.

3. You will be led to the right banker for more details on your Loan. The bank executives will arrive at your doorsteps to collect the required documents from you.

4. Only at the time of submission of gold you have to pay a visit to the Bank, the rest will be taken care of by the Bank’s executives.

How to Calculate Gold Loan Interest Rate?

1. Rate of Interest: It is the amount that is charged on the amount of Loan. The Gold Loan Interest Rate depends on the factors stated below:

2. Internal/External Customer: The loan seekers who have an account in the Bank from where they want to avail the Loan, then such customers are known as internal customers. Internal customers are given a rebate on the rate of interest charged by the applicant.

3. Amount of Loan: The loan amount is the primary factor that decides the rate of interest that will be charged from the applicant. The Gold Loan Interest Rate is higher for loans with lesser amounts. Thus, the more the amount of credit, the lower is the Rate of Interest.

4. LTV Ratios: Furthermore, lending institutions charge a higher rate of interest on the gold loan with a high LTV ratio. Thus, the more the LTV of the gold jewelry, the higher is the Rate of Interest charged by the applicant.

Gold Loan Pulgaon EMI Calculator

It is essential to know the amount one has to pay every month to the Bank. Therefore, you have an option to estimate the EMI before availing a loan. You can do so very quickly. Just click below and get to know the amount of the EMI you will have to manage monthly..

About Pulgaon

Pulgaon is a town and a municipal council in Wardha district in the Indian state of Maharashtra. With Dialabank expansion you will be able to get gold loans easily.

Gold Loan Interest Rate of Different Banks – Updated on 2020

Gold Loan In Other Cities