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Gold loan is secured as the gold is deposited in the bank for exchange of funds. The amount of loan is directly dependent on the value of gold deposited and does not consider the persons capacity to repay the same.
Gold loans are one of the easiest ways to borrow money from banks or any financial institutions.
Gold loan Jandiala Interest Rate
The interest rates are very affordable and less than that of a personal loan or home loan. The annual interest rate lies between 10.55% per annum to 25.00% per annum. Though the interest rates keep on, which depends upon different banks and time to time and person to person.
Gold Loan Jandiala Eligibility Criteria
Firstly, the applicant should lie between 18 to 70 years of age group.
Also, the applicant has more than 10 gm gold can apply for gold loan.
The borrower of money 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 Jandiala
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, Passport Copy of an applicant.
In addition to that, two copies of Photographs of the borrower.
Benefits of Gold Loan Jandiala
Firstly, it comes under the category of 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 Jandiala
| 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
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.
Why bookmyloans.in
First of all, www.bookmyloans.in offers a simple and comfortable process of application.
After that, the customer gets a good comparison of the interest rates of other banks as well.
Pay interest only for the exact number of days.
100% safety and security for your gold jewellery.
Enjoy liquidity anytime.
Furthermore, the company provides the document pickup facility from your doorstep.
About Jandiala
Jandiala is a town located in the Amritsar district of Punjab, India. It has an average height above the sea level of 229 metres. The total population is 29,232. The official language is Punjabi.