Gold Loan Dalhousie
Gold loans undertake to obtain an income against your gold. The gold that is placed on deposit remains on the books of the lender, and the Lenders offer loan amount of 70% to 80% of the market value of the gold provided as collateral after applying a safety factor. This safety factor minimizes the risk of the lenders against the fluctuations in market prices of gold.
Gold Loan Dalhousie 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 Dalhousie
However, the process of documentation for gold loan is effortless, but still, the applicant needs to provide some primary documents that are necessary such as,
Identity Proof: first of all, one identity proof, Anyone of the given proofs are accepted (Driving License/Voters Card/Passport (not expired/Aadhar Card/)
Residence Proof: After that, residence proof is also needed to get a gold loan. It can be (Ration Card/PAN Card/ Electricity Bill of last three months with the name of the applicant/Aadhar Card)
Gold Loan Dalhousie Interest Rate
A part of a loan amount that is charged as interest to the borrower, which is expressed as a percentage of the loan 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 Dalhousie 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 have various functions. Such as following.
First of all, the gold loan is effortless and straightforward to avail.
After that, it disbursed within 15 to 20 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 needs no credit checks.
Gold Loan Dalhousie 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 acceptable.
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 security. If the customer becomes a bad debt and not able to return the gold loan on time, then the bank has the Liability for selling 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 borrower will get a good comparison of the interest rates of other banks as well.
Furthermore, we provide the pickup facility of the document in your comfort zone.
Dalhousie is a high-altitude town in Himachal Pradesh, India. If you want to avail Gold Loan Dalhousie free to fill above given form and we will contact you for further queries.