A Gold Loan is a secured loan as it is against gold ornaments providing you a loan amount as per the market value of gold, providing an EMI option to repay the loan with interest for quick and easy fulfillment of your financial needs.
Eligibility Criteria Gold Loan Hajipur
The applicant should fall between the age group of 18 to 70 years.
One can apply for a gold loan who have more than 10 gm gold to invest. The applicant must be a resident of India.
The bill of gold should be in the name of the applicant or any family member.
Documents required for Gold Loan Hajipur
Certain documents are needed to get a gold loan. These are as follows:
Identity proof: Aadhar Card, Voters Card, Driving License, Passport, Pan Card.
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, Passport Copy.
In Adition to that two passports sized colored photographs of the borrower.
Benefits of Gold Loan Hajipur
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 Hajipur
| BANK | Gold Loan Rate |
| HDFC Bank | 10.75% |
| Yes Bank | 10.85% |
| Axis Bank | 10.90% |
| SBI Gold Loan | 11.50% |
| ICICI Bank | 11.75% |
| 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% |
| IDBI Bank | 12.25% |
| PNB Gold Loan | 12.25% |
Gold Loan procedure
Offline procedure
The procedure of getting a gold loan is very straightforward. Firstly, visit a bank branch or NBFCs to get a gold loan. To do so, visit a bank branch of your choice with the gold you want to pledge.
Fill the application with the required information and attach necessary documents with it.
After that, the lender conducts a process of gold purity checks and determines its weight based on which it evaluates its market value. Gold loans can be given or approved up to 80 percent of the calculated value of the deposited gold. Once the documents are verified, and the value of the pledged gold is evaluated, then lender approves your loan.
Online procedure
Now you can also apply for a gold loan through online with the help of the bank’s or NBFC’s mobile application or through an official website.
First, register yourself at the website www.bookmyloans.in
Fill the details such as the quantity of gold you have with yourself, how much loan you want to approve.
After applying for a gold loan online, you have to visit your lender’s place once to avail the facility of loan.
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.
Why bookmyloans.in
First of all, www.bookmyloans.in offers a very easy 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.
About Hajipur
Hajipur is the largest city of Vaishali district of Tirhut Division in the state of Bihar, India. It is the leading city and most populous city of Bihar, next to Patna. According to the 2011 census, it had a total population of 4.43 lakh as per census 2011. Its average elevation of 46 metres. The total population of this city is 147,688. The languages spoken here are Hindi, Bajjika, English, Bhojpuri, Angika, Urdu, Maithili.