Vidharbha Konkan Gramin Bank Gold Loan Approval Process

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Vidharbha Konkan Gramin Bank Gold Loan Features

Know all about Vidharbha Konkan Gramin Bank Gold Loan Approval Process from Dialabank. Vidharbha Konkan Gramin Bank Gold Loan is the amount provided by Vidharbha Konkan Gramin Bank against your jewellery, ornaments, coins, as well as bullions. Loan disbursement is faster as the gold loan is a type of secure loan. Your gold is deposited with Vidharbha Konkan Gramin Bank making the loan process easier and more accessible. The interest rate is low. Additionally, the loan tenure is flexible between 12 to 48 months.

Easy Process and instant approval: Vidharbha Konkan Gramin Bank Gold Loan Approval Process is comparatively easy, and the loan is provided instantly.
Lower Interest Rate: Vidharbha Konkan Gramin Bank Gold Loan interest rate can be as low as 7%.
Less Documentation: Vidharbha Konkan Gramin Bank Gold Loan involves an easy documentation process and less paperwork.
Low Processing Fee: Vidharbha Konkan Gramin Bank charges a 0.85% processing fee on gold loans.
Flexible Tenure: Vidharbha Konkan Gramin Bank Gold Loan Tenure is flexible between 12 to 48 months.
Multiple Repayments Options: Vidharbha Konkan Gramin Bank Gold Loan offers multiple repayments options like bullet repayment, Term loans, Regular EMI’s, and Overdraft.
Flexible instalment schedule: Vidharbha Konkan Gramin Bank Gold Loan instalments can be done weekly or monthly.
Maximum Gold Value: Vidharbha Konkan Gramin Bank provides a maximum value of up to 75% on your gold loan.
Safe: Your Gold deposited with Vidharbha Konkan Gramin Bank as collateral will be safely stored in a unique triple-layered secure locker.

Vidharbha Konkan Gramin Bank Gold Loan Eligibility

Minimum and Maximum Age	21 Yrs – 60 Yrs Note: However, many banks require a minimum age of 23 years
Loan Amount	Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh Interest rates are lower for a higher loan amount
Employment Type	Salaried and self-employed both are eligible Businessmen are increasingly taking gold loans to meet their working capital requirements. In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans.
Quality of Gold	Gold ornaments should range in between 18 to 24 Carats An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
CIBIL Score	Banks do not check CIBIL score for granting a gold loan However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
Gold ornaments that can be used for availing loan	Gold bars and coins Gold with 18-24 carat purity
Employment track record and income proofs	Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.