Gold loan is an important source of credit for low-income household as loans against gold as collateral are readily available. As compared to other sources of loans, gold loan is affordable and easy to get. These are disbursed more quickly with minimal procedural requirements. The consumer-friendly features of Gold loan Gajraula make it different from the other sources of loan like personal loan.
Interest rate of Gajraula
As we were saying that gold loan is consumer friendly, it also include interest rate as well. The rates are very affordable, one can easily repay the loan without facing any difficulty. Rate of interest is 10.7% per annum and 1% per month. If you are repaying the principal amount before the date of maturity, you have to pay 0-2% of the total amount of your loan.
Eligibility to Apply Gold Loan Gajraula
If you want to qualify for the gold loan, you need to be qualified in the following categories-
First of all, your minimum age should be 18 years old.
After that, you should be an Indian citizen.
Furthermore, if you are applying for a gold loan, you should at least have 10 grams of gold. As a result, the minimum amount of loan is Rs.18000 to Rs.20000.
Also, if you are a senior citizen, you should be at the age of 70 years at the maturity of the loan.
The purity of gold should lie between 18 karats to 20 karats.
Advantages of Gold loan
Even if you dont have any fixed income, you will get a loan, and you dont need to show any salary proof or income proof; you can get the loan if you have gold.
No requirement of CIBIL score.
Very few documents are required to get the loan done. Thus, getting a gold loan is easy and hassle-free.
The interest rate will be very low, as compared to a personal loan.
You can even get an agricultural gold loan at a very nominal rate of interest.
Gold loan is the most simple and convenient form of loan
Processing time of the gold loan is less, and you will get your loan amount in few hours.
Documents Required For Gold Loan Gajraula
To get the loan against gold is very simple and convenient; still, there are few documents required for the loan-
After that, proof of residence is required if you are applying for gold loan. These proofs can include, ADHAAR CARD/ PAN CARD/ electricity bill of last three months with the name of the applicant/ passport copy.
Proof of identity is mandatory. These can be the voters card/ driving license/ aadhar card/ passport.
Besides, two colored passport size photo is also required to get the loan.
Also, proof of ownership of land is also necessary if you are applying for agricultural gold loan.
And, if you stay in a rented house, your rental agreement will be required.
How to apply for Gold Loan Gajraula?
First of all, you need to visit our website, www.loannow.in
After that, you need to fill a form of your basic details along with your contact number.
When you have submitted the form successfully, all you need to do is sit back and relax.
Our relationship manager will soon be in touch with you and guide you with the procedure.
Once you have decided from where you want to take the loan, all you need to do is take the gold to the bank and get the required amount as per the weight of your gold.
In less than 45 minutes, your gold loan will be sanctioned.
By availing gold loan from www.loannow.in, you will be getting the best interest rate in the market along with higher loan to value ratio.
Our services are totally free; you dont need to pay anything extra for the services.
About Gajraula
Gajraula is a city in Amroha district in the state of Uttar Pradesh, India. The surrounding major cities are Moradabad, Meerut, Bulandsahar, Budaun, Hapur and Delhi NCR.