Uttarakhand Gramin Bank Gold Loan Documents Required

Features of Uttarakhand Gramin Bank Gold Loan

Following are some features of Uttarakhand Gramin Bank Gold Loan:

• Low Gold Loan Interest Rate: In contrast to services like personal loans, the gold loan has the least 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: Furthermore, 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 Uttarakhand Gramin Bank Gold Loan is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
• Income-proof not required: Moreover, 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, the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
• Foreclosure charges: Uttarakhand Gramin Bank asks for 0.50% of the principal amount as Gold Loan Foreclosure charges.

Uttarakhand Gramin Bank Gold Loan Comparison with banks

Following is the comparison table of Uttarakhand Gramin Bank Gold Loan with other banks.

Uttarakhand Gramin Bank Gold Loan EMI calculator

EMI calculator is a tool used to calculate monthly installments to be paid by customers. We at DialaBank have made it simple to use the EMI calculator which requires 3 basic inputs.

1. Loan Tenure – This is the time period for which the loan is applicable.
2. Interest rate – The rate of interest per annum is directly proportional to the total amount of loan.
3. Loan amount – Total Value of loan.

To know more about gold loans contact our customer care service at 9878981166. Our experts will guide you through the whole process of gold loan and will get you the best offers and deal for gold loans.

Uttarakhand Gramin Bank Gold Loan Documents Required

Uttarakhand Gramin Bank Gold Loan Documents Required are mentioned below:

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

Uttarakhand Gramin Bank Gold Loan Documents Required can vary in some cases.

Uttarakhand Gramin Bank Gold Loan Documents Required – FAQs

✅ What are the repayment options for gold loans? 

Repayment options available are regular EMI repayment, Bullet repayment, partial repayment, or pay an interest rate as EMI and principle later.

✅ What is the tenure for a gold loan the Uttarakhand Gramin Bank?

3 years

✅ Can I apply for a gold loan if I have a bad credit score?

Yes, Banks don’t check for credit score in the case of a gold loan.