Gold Loan Berhampore
Gold loan is the loan against gold, which is provided as collateral to the gold loan service providers, mostly banks and some non-financial companies provide gold loan services. The amount of loan is based on the quantity and quality of Gold ornaments. Also, the application has the full flexibility to use the amount according to his/her needs.
Gold Loan Berhampore Eligibility
Some eligibility criteria are provided which the borrower has to qualify for availing a gold loan.
First of all, the applicant must be an Indian citizen.
After that, the minimum age must be 18 years.
Furthermore, for availing the gold loan, the applicant should have a minimum of 10 grams of gold.
Documents Required for Gold Loan Berhampore
However, the procedure of documentation for gold loan is effortless, but still, the applicant needs to submit some documents that are required for availing a gold loan.
Identity Proof: first of all, one identity proof is required. Anyone of the given proofs is accepted (Driving License/Voters Card/Aadhar Card/Passport (not expired)
Residence Proof: After that, one residence proof is also needed to get a gold loan. It can be (Ration Card/PAN Card/Ration Card/ Electricity Bill of last three months with the name of the applicant/Aadhar Card)
Gold Loan Berhampore Rate of Interest
A part of a loan amount that is charged as interest to the borrower, which is expressed as a percentage of the loan outstanding is the rate of interest. The gold loan is available at the best interest rate in comparison to unsecured loans.
Generally, It is provided at the interest of 11.5% to 14.5%
Gold Loan Berhampore interest rate is 10.70%.
Offer a low processing fee that is 0.85%.
Pre-closer charges range from 0–2%.
Features of Gold Loan:
It is true that the Gold Loan comes with various features. Such as following.
First of all, the gold loan is effortless and simple to avail.
After that, It gets disbursed within 15 minutes.
Furthermore, the interest rates on the gold loan are quite affordable and satisfactory.
Besides that, in a gold loan, the documentation process is very easy and straightforward.
Finally, the gold loan required no credit checks.
Gold Loan Berhampore Procedure:
First of all, the applicant has to visit www.bookmyloans.in.
After that, the applicant has to fill the necessary information.
But the applicant must provide their contact number.
After that, the applicant will get a call from our side if he/she is eligible.
Forms of Gold that is acceptable
Not every kind of gold is accepted by the bank to provide the Gold Loan. There are various restrictions regarding the quality and quantity of gold.
First of all, the purity or quality of the gold should be in between 18 Karats to 22 Karats.
After that, gold in the jewelry form is accepted.
Besides that, the raw form of gold is not accepted.
Furthermore, gold coins that weight less than 50 Grams are accepted.
Is Gold Loan Secured?
Yes, it is necessary to note that the gold loan is a kind of secured loans where the applicant pledges their gold ornaments as collateral security. If the customer is unable to return the gold loan on time, then the bank has the liability to sell his/her gold ornaments. On the other hand, if the applicant repays the loan amount, then the bank will return his/her gold ornaments in its same shape.
First of all, www.bookmyloans.in offers a straightforward process of application of the gold loan.
After that, the customer gets a good comparison of the interest rates of other banks as well.
Furthermore, we provide the document pickup facility from your doorstep.
Berhampore is a city West Bengal, India. If you want to avail Gold Loan Berhampore feel free to fill above given form, and our we will contact you for further queries.