Gold is a precious metal. Now it can also be used for investment purpose, and it doesn’t have any depreciating value. With the help of Gold Loan Shirur, one can get money on easy terms by depositing gold as collateral security against the loan amount. It is a quick loan you can opt for and can get it with easy terms and conditions in comparison to a home loan, personal loan, car loan.
Gold loan Shirur Interest Rate
The loan is available at very easy rates of interest as it comes under the category of secured loans. 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. Different banks or NBFCs provide different interest rates to different customers.
Gold Loan Shirur 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.
Lastly, on 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 Shirur
Identity proof: Aadhar Card, Voters Card, Driving License, Passport, Pan Card of a borrower.
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.
Agriculture Proof: If the applicant applying for agriculture gold loan then proof of ownership of land is required.
Besides, two copies of photographs of the borrower.
Benefits of Gold Loan Shirur
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 Shirur 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 up the application form with necessary details and attach required 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 value of the pledged gold is evaluated, then lender approves your loan.
Is Gold Loan secured?
Yes, gold loan is secured as it comes under the category of secured loan. In this type of loan, only the customers can put their gold articles into the bank’s locker for security. Customer can enjoy the benefit of loan, and after the maturity period, they will get their gold articles in the same shape.
First of all, Bookmyloans offers an easy method of application of the gold loan.
Also, the customer gets a good comparison between different rates.
Furthermore, the company provides the facility of document pickup from your doorstep.
Shirur is a city located in Pune district in Maharashtra state, India. This city is situated on the banks of Ghod River. Here, the official languages are Hindi and Marathi. It had a total population of 37,111, according to the 2011 census report.