Uttarbanga Kshetriya Gramin Bank Gold Loan Documents Required

Features of Uttarbanga Kshetriya Gramin Bank Gold Loan

In the chaotic world, situations become highly unpredictable. Many times a person in these unpredictable situations can come in dire need of monetary support. During the timeline of these conditions, one of the best options can be to look for a Gold loan. Customers can seek such a Gold Loan through Uttarbanga Kshetriya Gramin Bank. They can provide borrowers with the facility of easy processing of gold loans.

Some of the many features of Uttarbanga Kshetriya Gramin Bank Gold Loan are:-

• Security of Borrower’s Gold:- Once the borrower provides their physical gold to the lender, it becomes the lender’s responsibility to keep it safe until the borrower repays the Loan back with interest.
• Low-Interest Rate:- With a range of 13%-14% on Gold Loans from almost all the banks, it proves to be a better option than other loans.
• Minimum Processing Fees:- Gold Loans generally do not involve any Processing Fee, as they are provided quickly on the collateral held.
• No income source Proof:- Due to the loan being secured on basis of the collateral provided by the borrower in form of gold, the requirement for income proof is removed.

Uttarbanga Kshetriya Gramin Bank Gold Loan Comparision with banks

Uttarbanga Kshetriya Gramin Bank Gold Loan EMI calculator

To get help with calculating your monthly payments towards the principal amount of the loan, which include the payment towards interest, you can opt to use the Uttarbanga Kshetriya Gramin Bank Gold Loan EMI calculator. This EMI calculator will guide you through calculating net EMI payment for the provided rate of interest at the set period of time.

These pointers are noted while calculating EMI:-

Loan Amount:- More the Loan amount, More the monthly EMI.

Interest Rate:- More the interest rate, More the monthly EMI.

Loan Duration:- Larger the time duration, Smaller the monthly EMI.

Uttarbanga Kshetriya Gramin Bank Gold Loan Documents Required

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

Uttarbanga Kshetriya Gramin Bank Gold Loan Documents Required – FAQs

✅ How to pay back Uttarbanga Kshetriya Gramin Bank Gold Loan?

To pay back the Gold Loan you can choose various convenient modes offered by the bank to repay the EMI. One can contact the customer service of the bank to receive more information regarding the same.

✅ Can those who have poor credit history acquire a Gold loan?

Banks give Gold loans based on the amount of Gold, borrowers can lend to the Bank, in which credit history doesn’t play any role.

✅ Will my gold remain secure in hands of the bank?

Upon lending Gold to the bank, they safely secure the bank inside vaults and ensures its safety unless the borrower doesn’t pay back the loan.