North East Small Finance Bank Gold Loan

About North East Small Finance Bank Gold Loan

North East Finance bank provides Gold Loan to the customers at very affordable rates of interest. In a gold loan, the bank provides money to the applicants at some rate of interest. The bank keeps your gold as security and returns it when you repay your loan amount with some rate of interest.

North East Small Finance Bank Gold Loan Key Features – Apply Now

North East Small Finance Bank Gold Loan Advantages

• Great Availability: First and foremost, Loan against gold is a secured service, therefore the processing of this loan is quick as the bank is mostly concerned with the quality and weight of the gold.
• Low Rate of Interest: In contrast to services like personal loans, the North East Small Finance Bank has the least Gold Loan interest rate as banks keep security against the loan.
• Negligible foreclosure charges: Generally, banks do not have any prepayment charges but some banks can charge a penalty of just 1%.
• Safety of Ornaments: The ornaments are more secure with the banks due to the strict security In the banking institutions which is quite less at homes.
• No qualification of Credit Score: As this is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
• Income-proof not required: The salary of an applicant is not an issue for availing a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
• No loan processing charges: Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
• Flexible tenure: In addition to other advantages,  the applicant can choose the tenure of North East Small Finance Bank Gold Loanaccording to their requirements and needs.
• Only payment of interest: Lastly, the applicant has the option to pay the principal amount at the end of the tenure and only the interest every month.
• Foreclosure: Bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

Usage of North East Small Finance Bank Gold Loan Fund

To begin, You can use the Gold Loan to fulfil your personal needs. You can start a new business by using the given amount of North East Small Finance Bank Gold Loan. Farmers can use the gold loan for agricultural purposes. You can also use this amount of loan to get over the financial crises. This loan can also be used for educational purposes.

North East Small Finance Bank Gold Loan Eligibility

North East Small Finance Bank Gold Loan at Home 

Gold Loan at Home is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You may use the gold loan calculator to calculate the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.

One of our representatives will contact you and arrive at your home within 30 minutes. The appropriate gold loan amount will be paid immediately to your bank account when all e-documentation and gold identification is completed at your home.

The benefits of getting a gold loan at your doorsteps are:

• Diverse Range of Gold Loan Schemes
• Your Gold will just be released the same day.
• You can get free insurance for your Gold
• There are no hidden fees.
• You will get the maximum value of your Gold
• Service at Your Door in 30 Minutes

North East Small Finance Bank Gold Loan Interest Rates

The bank offers very low rates of interest to the customers.

Documents Required for North East Small Finance Bank Gold Loan

You have to submit any one of the written documents in each category.

How Much Can I  Get Through North East Small Finance Bank Gold Loan 

Considering the current gold value, North East Small Finance Bank Gold Loan Per Gram Rate is ₹ 3,800 to ₹ 4,350. It varies according to the purity of the gold and its market value.

North East Small Finance Bank Gold Loan Per Gram

North East Small Finance Bank Gold Loan EMI Calculator

How to Apply for North East Small Finance Bank Gold Loan?

Online Process 

The applicants have an option to apply easily in the comfort of their homes. In order to do so, just follow the steps:

1. Apply on Dialabank for a Gold Loan.
2. The borrower will have to submit an application form along with his / her valuable Gold asset.
3. The bank will evaluate the real value of your Gold in terms of its purity and weight.
4. The Loan is sanctioned to the applicant after checking the genuineness of the asset provided.
5. The whole Gold Loan process takes approximately 45 minutes after the evaluation of the assets.

Offline Process

Next, the loan seeker has an option to avail of a gold loan from the nearby branch. To do this, just search Gold Loan near me on google. After this, Google will provide all the nearby branches that provide the service of a gold loan. You will have to visit the branch until the loan disbursal, thus is a tiring procedure in contrast to the online process.

Gold Ornaments Accepted by North East Small Finance Bank

You have to submit a minimum of 10 grams of gold jewellery or gold coins. The quality of these should be only between 18 to 24 karats. Gold of a higher or lower quality will not be accepted.

Note that the weight of the jewellery will be valued only by the weight of the gold in it, and not the stones. You cannot give gold bars and biscuits as collateral.

Uses of North East Small Finance Bank Gold Loan

North East Small Finance Gold Loan can be used for any urgent financial purposes or financial emergencies. Instead of keeping your gold idle in your bank lockers, you can avail of a loan against that gold and fund your own or your child’s education, any wedding in your family, or even a simple vacation.

A gold loan can also be used by you to expand your business and or invest in fixed capital as well as raw materials. You can also use it for covering your agricultural expenses.

North East Small Finance Bank Agricultural Jewel Loan Scheme

Benefits of North East Small Finance Bank Agricultural Jewel Loan Scheme

• North East Small Finance Bank charges a processing fee of up to ₹ 500
• Minimum of ₹ 300 charge, that is 0.30% of the loan amount, applies to the amount ranging from above ₹  20,000 – less than ₹ 20 lakh
• 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore.

North East Small Finance Bank Gold Loan Overdraft Scheme

North East Small Finance Bank offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the North East Small Finance Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQs About North East Small Finance Bank Gold Loan

✅ What is the North East Small Finance Bank Gold Loan?

North East Small Finance Bank Gold loan is a loan given to you by the bank in return for your gold jewellery which is kept as collateral. You can use the Gold Loan to fulfil your personal needs. You can start a new business by using the given amount of North East Small Finance Bank Gold Loan. Farmers can use the gold loan for agricultural purposes. The loan is given at low interest rates with easy repayment options.

✅ How Can I Get Gold Loan From North East Small Finance Bank?

Applying for North East Small Finance Bank Gold Loan is a simple and hassle-free process You just need to fill a form and collect the documents. Get the gold evaluated and the process of application is done. You can also apply online at Dialabank’s digital platform to avail of the best deals on Gold Loans. If you have queries, we are available for you at all times on the number 9878981144.

✅ How much Gold Loan Can I get per gram from North East Small Finance Bank?

North East Small Finance Bank gold loan gives you a loan amount at a good funding rate which depends upon the prevailing price of gold in the market and the quality of gold to be pledged. Currently, North East Small Finance Bank Gold Loan Rate Per ram is ₹ 3,800 to ₹ 4,350.

✅ How Does North East Small Finance Bank Gold Loan work?

North East Small Finance bank’s gold loan works in a simple manner. Just visit the nearest North East Small Finance Bank branch with your Gold and start your loan process. Fill up the requires application forms. The disbursement occurs after the verification and valuation of your pledged gold. You can also apply online through Dialabank’s digital platform to avail the best offers.

✅ What is the Gold Loan interest rate in North East Small Finance Bank?

North East Small Finance Bank offers the Gold Loan facility at a competitive rate of interest. They offer lower processing charges with no documentation or closing charges. The rate of interest depends upon the amount of the Gold Loan that is to be sanctioned. The rates start at 7.25% per annum

✅ How to check gold loan status in North East Small Finance Bank?

If you wish to check the North East Small Finance Bank gold loan status, all you have to do is provide your application details to the bank by contacting the customer care executive or visiting the bank branch in your neighbourhood.

✅ How to calculate gold loan interest in the North East Small Finance Bank?

You can easily calculate how much North East Small Finance Bank gold loan interest you have to pay by subtracting the loan principal from the loan amount. Interest is charged every month.

✅ What is the maximum gold loan amount I can avail of on a gold loan from North East Small Finance Bank?

North East Small Finance Bank provides gold loan amounts ranging from Rs. 10000 to Rs. 20 lakhs. The bank allows you to avail of an amount that equals 70% of the value of your collateral, or even up to 90% in case of higher interest rates.

✅ What is the loan tenure of the North East Small Finance Bank gold loan?

The gold loan tenure of the North Eastern Small Finance Bank extends up to 24 months. This tenure can be renewed when it ends. If you opt for prepayment or foreclosure, you can choose a shorter tenure.

✅ How much processing fee is applicable to the North East Small Finance Bank Gold loan?

The processing fee is charged by the North East Small Finance bank to process your gold loan. This fee varies from one loan amount to another.

✅ What are the charges for pre-payment in the North East Small Finance Bank gold loan?

The prepayment or foreclosure fee in the North Eastern Small Finance Bank gold loan varies depending on the loan amount.

✅ How to renew North East Small Finance Bank Gold Loan online?

The renewal process of the North East Small Finance Bank gold loan is a simple process and has to be done with the borrowers’ presence in the bank with all the loan-related documents. The gold that was earlier pledged as security has to be released and revalued according to the new market prices and then new terms of the loan have to be agreed upon.

✅ How to pay North East Small Finance Bank Gold loan interest online?

The North East Small Finance bank gold loan gives you easy online interest repayment options which you can learn more about by visiting the branch or contacting customer care support.

✅ What if I can’t pay the interest on the North East Small Finance Bank Gold loan for 3 months?

If someone defaults on the North East Small Finance Bank Gold Loan repayment, the bank will serve the applicant with legal notices. If the borrower continues with his defaults, the bank has full rights to sell the gold ornaments that were kept as security to recover the loan amount. The CIBIL score of the defaulter will be severely affected, becoming a roadblock in his/her future loan applications.

✅ How can I apply for the EMI moratorium on the North East Small Finance Bank Gold loan?

If you don’t want to repay your North East Small Finance Bank gold loan immediately after its disbursal, you can apply for a loan moratorium from the North East Small Finance Bank through its online site or by visiting the bank personally. However, you can only do this minimum of 5 days before the EMI payment date.

✅ How to pay the North East Small Finance Bank Gold loan through a credit card?

According to the guidelines of the reserve bank of India, you cannot repay the North East Small Finance Bank gold loan using a credit card. You can d so through cash, cheques, demand drafts, or even net banking apps like Paytm.

✅ What is the North East Small Finance Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

✅ What is the North East Small Finance Bank customer care number?

The customer care number is 9878981144.

✅ What is North East Small Finance Bank Gold Loan Preclosure charges?

There are no preclosure charges for North East Small Finance Bank.

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure is up to 36 months

✅ What is the minimum gold loan tenure?

The minimum gold loan tenure is 6 months

✅ What are the foreclosure charges of the North East Small Finance Bank Gold Loan?

North East Small Finance Bank charges an interested borrower up to .50% on the principal amount in case of a Gold Loan Foreclosure.

Other Major Gold Loan Providers