About Gold Loan Dhand
A gold loan allows you to acquire loan against gold at a lower rate of interest. Here gold is detected as the collateral against the loan borrowed. In recent time, Gold loans have become quite favoured because of their easy norms, and today, many banks or NBFCs are offering gold loan at very minimal interest rates. The loan amount which is get approved depends on the quality and quantity of gold you are depositing as collateral.
Gold loan Dhand Interest Rate
Gold loan is available at a very easy and minimal rate of interest. The interest rates are less as the annual interest rate lies between 10.55% to 24.00%. Though the interest rates keep on changing mainly depends upon different banks and time to time and person to person.
Eligibility Criteria Gold Loan Dhand
The applicant should lie between 18 to 70 years of age group.
The applicant must be a resident of India.
The applicant who has more than 10 gm gold to invest can apply for gold loan.
Documents required for Gold Loan Dhand
Certain documents are needed to get a gold loan. These are as follows:
IDENTITY PROOF: Aadhar Card, Voters Card, Driving License, Passport, Pan Card of a borrower.
RESIDENCE PROOF: Aadhar Card, Ration Card, Bank Statement (ACTIVE), Electricity Bill of last three months on the name of the applicant/ Telephone Bill of previous three months on the name of the applicant (if tenant), Passport Copy of a borrower.
Two copies of Photographs of the borrower.
Benefits of Gold Loan Dhand
Firstly, it comes under a secured loan.
Banks do not check CIBIL scores for loan approval.
It has a low-interest rate in comparison to a personal loan or any other loan.
Income proof is not required to get loan approval.
Safety of ornaments is available.
Interest rate of Gold Loan Dhand
|Bank||Gold Loan Rate|
|SBI Gold Loan||11.50%|
|IIFL Gold Loan||11.75%|
|Allahabad Bank Gold Loan||11.75%|
|Muthoot Gold Loan||12.00%|
|Federal Bank Gold Loan||12.00%|
|Manappuram Gold Loan||12.25%|
|PNB Gold Loan||12.25%|
Gold Loan procedure
The applicant has to visit the site www.bookmyloans.in
After that, the applicant fills the application with the required information.
But the applicant should fill the contact number.
After that, the applicant gets a call from our side if he/she is eligible.
Is Gold Loan secured
Yes, it is essential to note that the gold loan comes in the category of secured loans. Because in a gold loan, the customers put their gold ornaments into the bank’s locker as security or as collateral. If the customer is unable to return the gold loan on time, then the bank is liable to sell his gold ornaments.
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, the company provides the document pickup facility from your doorstep.
Dhand is a town in Haryana. It is situated in the middle of five cities i.e., Kurukshetra, Kaithal, Karnal, Pundri, and Pehowa. It is a village in Pundri Tehsil in Kaithal District of state Haryana, India. Here the local Language is Hindi. This village has a total population of 10533.