Gold Loan Lakhanpur 

Gold Loan @ 7%

Apply & Get Instant Money

A Gold Loan comes under the category of secured loan, and it provides you a loan amount, which is cash equivalent to the market value. It also provides an EMI option to repay the loan with interest for quick and easy fulfillment of your financial needs. Many go for this for a short period to meet the various requirements like marriage, children’s education, accidental case, and other financial problems in the family. It is a new and emerging concept in the banking industry.


Gold loan Lakhanpur  Interest Rate

In general gold, the credit is available at very easy rates of interest because it is a secured loan. So the interest rates are less than in comparison to a personal loan or home loans. The interest rate of gold loan on an average is 10.75% per annum and up to 25% per annum. Different banks, financial institutions, or NBFC provide different interest rates to different customers.


Gold Loan Lakhanpur  Eligibility Criteria

Firstly, the applicant should lie between 18 to 70 years of age group.

Foremost, the applicant who has more than 10 gm gold to invest can apply for gold loan.

The borrower 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.

Factors upon which Gold Loan depends

Quality of Gold: This factor plays a vital role in deciding the amount of the gold loan. The purity of gold is defined if it lies between 18 carats to 22 carats. The more is the purity of the gold, the more is the loan amount.

Quantity of Gold: This factors tells that in how much quantity gold is available and on should not be less than 10 gm. It is the minimum requirement of a quantity which is necessary to get a loan.





Documents required for Gold Loan Lakhanpur             

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, Telephone Bill of previous three months on the name of the applicant, Passport Copy of a borrower.

Two copies of Photographs of the borrower.


Benefits of Gold Loan Lakhanpur             

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.



Gold Loan 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 the official website.

The applicant has to visit the site

First, register yourself at the website of lenders portal. Fill the details such as the quantity of gold you have with yourself, how much loan you want to approve.

After that, you should mention your contact information.

But by applying for a gold loan online does not mean that it is not necessary to visit your lender branch. You have to visit your lender at least once to deposit your gold articles, to avail the facility of the online gold loan.


First of all, offers an easy process of application of the gold loan.

Access gold loan from anywhere, anytime.

Easy documentation, instant approval, convenient 24X7 online repayment.

Furthermore, the company provides facility of documentation pickup from your doorstep.


About Lakhanpur              

Lakhanpur is a town in Kathua district of the state of Jammu and Kashmir, India. The total population was 1,521, according to the 2011 census report. The official language is Urdu.


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