Gold loan is one of the easiest way to get funds for business or personal requirements. Apply for gold loan and make the gold in your locker of some worth to fulfill your needs. Gold Loan Apra is available online.
Gold Loan Apra Eligibility Criteria
There are some eligibility criteria that the applicant has to qualify to get a gold loan. These are
First of all the applicant should have Indian citizenship.
After that, the minimum age of the applicant should be 18 years.
Furthermore, to apply for a gold loan you should have a minimum of 10 grams of gold.
Documents Required for Gold Loan
However, the process of documentation in a gold loan is very easy and simple but, still, there are certain documents that are required to get a gold loan.
Residence Proof: After that, one proof of residence is also required to get a gold loan. It can be (Aadhar Card/PAN Card/Ration Card/ Electricity Bill of last three months with the name of the applicant/ Telephone Bill of last three months with the name of applicant / Passport Copy)
Identity Proof: first of all one proof of identity is required. Anyone of the given proofs is accepted (Aadhar Card/Voters Card/Driving License/ Passport)
In Addition to that 2 passports sized colored photographs are also required to get a gold loan.
Proof of ownership of Land is required if you are applying for an agriculture gold loan.
Interest Rates Gold Loan Apra
In general gold, the loan is available at very easy rates of interest. The reason behind that the gold loan comes in the category of secured loans. So the interest rates are less than that of personal loan or any other kind of loans. Though the interest rates keep on changing time to time and person to person but still, the gold loan is available at 1% per month interest rate.
Features of Gold Loan Apra :
It is noteworthy that the Gold Loan comes with so many features. So let us discuss them one by one.
First of all the gold loan is very easy to apply.
After that, gold Loan gets disbursed within 15 minutes.
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 simple.
Finally, the gold loan required no credit checks.
Gold Loan Apra Procedure:
First of all the applicant needs to visit www.loannow.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.
Forms of Gold
Not every form of gold is considered by the bank to provide the Gold Loan. There are some restrictions.
First of all the purity of the gold should lie in between 18 Karats to 22 Karats.
After that, gold in the form of jewelry is accepted.
Besides that raw is gold is not accepted.
Furthermore, gold coins that weigh less than 50 Grams are easily accepted.
Gold Loan is Secured?
Yes, it is important 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 banks 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.loannow.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.
Finally, the company provides the document pickup facility from your doorstep.
Apra is a town in Phillaur Tehsil in Jalandhar district of Punjab State. The town is known for gold jewellery and farming activities which are done in large amounts. It is located about 46 kilometres towards East from Jalandhar, 12 kilometres ( from Phillaur and 110 kilometres (68 mi) from Chandigarh. Apra is the largest town as compared to other surrounding villages and has the main marketplace. The town is administrated by Sarpanch an elected representative of the village.