About Gold Loan Dharamkot
A gold loan is an amount of money which is lent out to borrower against their gold articles by a bank or NBFCs. There are various financial institutions which are authorized to give you money against the value of your gold.
Gold loan Dharamkot Interest Rate
Gold loan is available at a very easy and minimal rate of interest. The annual interest rate lies between 10.55% per annum to 24.00% per annum. Though the interest rates keep on changing and its mainly depends upon different banks and time to time and person to person.
Eligibility Criteria Gold Loan Dharamkot
The applicant should lie between 18 to 70 years of age group.
Foremost, the applicant who has more than 10 gm gold can apply for gold loan.
The applicant must be a resident of India.
The bill of gold, which is to be pledged, should be in the name of the applicant or any family member.
Documents required for Gold Loan Dharamkot
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.
Agriculture Proof: Document for agriculture land proof.
Two copies of Photographs of the borrower.
Benefits of Gold Loan Dharamkot
Firstly, the gold loan is very easy to apply.
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 Dharamkot
|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.
Dharamkot is a village in Bhunga Tehsil in Hoshiarpur District of state Punjab, India. It is 171 KM from State capital Chandigarh. Here the local language is Punjabi.