Get a gold loan from an Indian bank with an interest rate of between 7.5% pa and 29% per annum You can get a loan amount of up to Rs. 1.5 crore and repayment period starting at 3 months and increasing to 3 years depending on the loan program you have received.
You can promise your gold jewellery and financial jewellery in the event of a financial emergency. Everything you need to know about gold loans is here.
Gold Loan Details
Interest Rate 7.50% per annum onwards
Loans amounting to Rs. 1.5 crore
Loan loans for three months onwards
Money Processing 0% - 2% of loan amount + GST
Features of Gold Loan
Purpose: You can get a gold loan to pay for various needs, such as educational goals, medical emergencies, vacations, and so on.
Security: Gold secured by a bank or financial institution acts as collateral or collateral for a loan amount.
Patent options: Patent options can range from at least three months to 36 months.
Fees: Other fees and expenses that may apply to a gold loan are - processing fees, late payment/interest fee, interest rate, etc.
Payment options: There are three main options offered by lenders to creditors in repaying a gold loan. These are: Payment of Monthly Monthly Installment (EMI) Prepayment of interest and repayment of the principal loan at the end of the loan period. Monthly interest payment and repayment of the principal loan at the end of the loan period.
Discounts: Several lenders offer a discount option on the existing interest rate on a gold-based loan if the borrower returns interest on a regular basis. This discount can be a 1% - 2% discount on the real interest rate.
Eligibility for Gold Loans
If you wish to obtain a loan for your gold jewellery or jewellery, you must ensure that you meet the eligibility criteria outlined by the lender. Keep in mind that eligibility criteria will vary from lender to lender. Therefore, it is recommended that you check the eligibility process outlined on the lender's website before applying for a gold loan. Listed below are general eligibility procedures:
The age of the applicant is 18 years and older
Safety to swear gold ornaments or articles
In total carats can be promised 18 carats or more
Other conditions The applicant must be in debt
How do you apply for a gold loan?
Step 1: To apply online, you will need to visit the lender's website and click on the loan product you wish to apply for, which in this case is 'Gold Loan'. After this, you have to click on the “APPLY NOW” button. Submit this, you will need to enter the required information on the online application form and submit the form online. The customers of PNB Gold Loan have become technology-friendly and find it easy to apply online. This way they are able to get instant gold loans at the time of need.
Step 2: If there is no option to apply for a loan through the lender's website, you will need to visit the nearest lender's branch. Many lenders offer customers the opportunity to find a nearby branch through their official website. Please see that you have a copy of all the required documents.
Step 3: Once you have submitted the application form, the lender will confirm your application. If the application is approved, you will receive a loan amount.
Step 4: A gold loan is a quick and easy way to get money in the event of a financial emergency. Make sure you do the research you need and get a gold loan that suits your needs and affordability.
What Documents Are Needed?
Generally, the following documents must be provided by the borrower to obtain a gold loan:
Completed application form
Passport-sized photos
Ownership
Proof of address
Signature Proof
Form 60 or PAN card
Proof of age
Post-mortgage documents, if any.
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