When a customer pledge gold as collateral security for taking a loan, it is called a gold loan. The lender uses the gold as security against possible payment default by the customer. The loan amount approved is a certain percentage of the value of the gold that has been deposited.
Gold loan Nirmali Interest Rate
Gold loan is available at a very easy and affordable rate of interest. The interest rates are less than that of 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. Various bank or NBFCs offer different interest rates.
Gold Loan Nirmali Eligibility Criteria
Firstly, the applicant should lies 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 applicant must be a resident of India.
On the bill of gold, which is to be pledged, should be in the name of the applicant or any family member.
Documentation for Gold Loan Nirmali
Certain documents are needed to get a gold loan. These are as follows:
Identity proof; Aadhar Card, Voters Card, Driving License, Passport, Pan Card.
Address Proof: Aadhar Card, Ration Card, Bank Statement (Active), Utility Bills of last three months on the name of the applicant (if tenant), Passport Copy.
In Adition to that two passports sized colored photographs of the borrower.
Benefits of Gold Loan Nirmali
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 Nirmali 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 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.
Nirmali is a small town located in Supaul district of Bihar state, India. It had a population of 20,173 out of which males constitute 53% of the population and females 47%, as per 2011 census report. The town has an average literacy rate of 59%. The official language of this town is Maithili, Hindi.