Practice makes things permanent, not perfect. No matter how much you face a financial crisis in your life, you can’t get complete in handling the issues as there is always a new challenge. To deal with those issues, use gold loan and take the benefit of low interest rates and quick disbursal as well.
What is Gold Loan?
Gold Loan refers to that type of loan which applicants can apply easily from the bank. You need to keep your gold with the bank as the collateral security. Gold must be present in the form of ornaments, which means that the bank accepts no gold biscuits or coins.
Interest Rates Gold Loan in Totu
In general, gold 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.
Gold Loan Totu 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 in Totu
However, the process of documentation in a gold loan is very simple and easy but, still, there are certain documents that are required to get a gold loan.
First of all, one proof of residence is also required to get a gold loan. It can be (Aadhaar Card/ Ration Card/ PAN 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)
After that one proof of identity is required. Anyone of the given proofs is accepted (Voters Card/Driving License/ Aadhaar Card/ 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.
Features of Gold Loan Totu
It is noteworthy that the Gold Loan comes with so many features. So let us discuss them one by one.
First of all the loan against gold is very easy to apply.
After that, gold Loan gets disbursed within 15 minutes.
Furthermore, the interest rates on the gold loan are quite satisfactory and affordable.
Besides that, in a gold loan, the documentation process is very easy and simple.
Finally, the gold loan required no credit checks.
Gold Loan in Totu 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.
Besides that, the applicant gets a call from our side if he/she is eligible.
Is Gold Loan 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.
The city of Totu is in the state of the Himachal Pradesh. If you have any query and you are in a urgent need of the gold loan fill the form and our relationship manager will call you.