Gold Loan Talcher is a secured loan as it is against gold ornaments providing you a loan amount as per the market value of gold, providing an EMI option to repay the loan with interest for quick and easy fulfillment of your financial needs.
Gold loan Talcher Interest Rate
Gold loan is available at a very easy and minimal rate of interest. The interest rates are less than in comparison to a personal loan or home loans. The annual interest rate lies between 10.55% per annum to 24.00% per annum. Though the interest rates keep on changing mainly depends upon different banks.
Eligibility Criteria Gold Loan Talcher
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.
Documentation for Gold Loan Talcher
Certain documents are needed to get a gold loan. These are as follows:
Identity proof: Aadhar Card, Voters Card, Driving License, Passport, Pan Card.
Residence 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 Addition to that two passports sized colored photographs of the borrower.
Benefits of Gold Loan Talcher
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 Talcher 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 the application with the required information and attach necessary 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 the value of the pledged gold is evaluated, then lender approves your loan.
Now you can also apply for a gold loan through online with the help of the banks or NBFCs mobile application or through an official website.
First, register yourself at the website Bookmyloans
Fill the details such as the quantity of gold you have with yourself, how much loan you want to approve.
After applying for a gold loan online, you have to visit your lender’s place once to avail the facility of loan.
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, Bookmyloans 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.
Talcher is a city located in Angul district in the Indian state of Odisha. The languages spoken in this city are Odia and English. It had a total population of 40,841, according to the 2011 census. This city is also known as Coal City of Odisha as it is one of the fastest growing industrial and coal hubs in the state.