Gold Loan Najibabad
Like every secured loan Gold Loan operates on your gold ornaments and offers an amount based on the market value of your gold ornaments at that particular time. Also, the lender offers the amount with the flexibility to use it according to applicants needs.
Gold Loan Najibabad Eligibility
The borrower has to qualify some eligibility criteria; so that he will be able to apply for Gold Loan.
First of all, the interested candidate must be an Indian citizen to avail Gold Loan.
After that, the minimum age of the candidate should be 18 years.
Furthermore, the applicant should have a minimum of 10 grams of Gold.
Documents for Gold Loan Najibabad
However, the procedure for gold loan is effortless, but still; the applicant needs to provide some primary documentary proofs that are important such as following,
Identity Proof: first of all, one identity proof, any one of the given proofs are accepted (Driving License/ Aadhar Card/Passport (not expired)/voter Card/)
Residence Proof: After that, residence proof is also needed to get a gold loan. It can be (Ration Card/PAN Card/ Electricity Bill of last three months with the name of the applicant/Aadhar Card)
Gold Loan Najibabad Interest Rate
Apart from the loan amount which is added as an interest to the borrower, which is offered as a percentage of the loan amount, is known to be the rate of interest for Gold Loan. The gold loan is available at the lowest interest rate in comparison to unsecured loans.
Generally, it is provided at a rate of 11.5% to 14.5%.
Gold Loan Najibabad rate of interest is 10.70%.
Offer an effortless and low processing fee that is 0.85%.
Pre-closer charges range from 0–2%.
Features of Gold Loan Najibabad
It is essential to note that the Gold Loan have various functions. Such as following.
First of all, the gold loan is the easiest method to avail.
After that, the amount disbursed with no time it takes hardly 15 to 20 minutes to complete the process.
Furthermore, the interest rates on the gold loan are quite affordable and satisfactory.
Besides that, in a gold loan, the documentation process is very easy and straightforward.
Finally, the gold loan needs no credit checks.
Gold Loan Najibabad Procedure
First of all, the applicant has to visit bookmyloans.in.
After that, the applicant has to fill the necessary information.
But the applicant must provide their contact number.
After that, the applicant will get a call from our side if he/she is eligible.
Is Gold Loan Secured?
First of all, it is necessary to note that the gold loan is a kind of secured loans where the applicant pledges their gold ornaments as security.
But, If the customer becomes a bad debt and not able to return the gold loan on time, then the bank has the Liability for selling his/her gold ornaments.
On the other hand, if the applicant repays the loan amount, then the bank will return his/her gold ornaments in its same shape.
Forms of Gold that is acceptable
Not every type of Gold is accepted by the banks to provide the Gold Loan. There are various restrictions regarding the valuation Gold.
First of all, the purity or quality of the Gold should be in between 18 Karats to 22 Karats.
After that, Gold in the jewelry form is accepted.
Besides that, the raw form of Gold is not acceptable.
Furthermore, gold coins that weight less than 50 Grams are accepted.
First of all, bookmyloans.in offers a straightforward process of application of the gold loan.
After that, the borrower will get a good comparison of the interest rates of other banks as well.
Furthermore, we provide the pickup facility of the document in your comfort zone.
Najibabad is a town in Bijnor district of Uttar Pradesh, India. It is one of the administrative blocks of the Bijnor district. If you want to avail Gold Loan Najibabad free to fill above given form and we will contact you for further queries.