Gold Loan Virudhunagar
It is a multipurpose loan which can be availed for a short duration with a low rate of interest starting at 1% per month. It is a low-interest rate, and the multi-purpose feature is boon for many. Here banker will take your gold as security and will provide you with the cash. The gold should be of 18 karats at least.
Gold Loan Virudhunagar 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 simple and easy, but still, certain documents 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 previous three months with the name of applicant / Passport Copy)
After that, one proof of identity is required. Anyone of the given tests is accepted (Voters Card/Driving License/ Aadhaar Card/ Passport)
In Addition to that, two 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 in Virudhunagar
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 a 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 Virudhunagar
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 entirely 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 Virudhunagar 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.
Forms of Gold
Not every type 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.
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 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.
Virudhunagar of the Virudhunagar district in the South Indian state of Tamil Nadu. Getting gold loan there is very easy, fill the above-given form, and we will contact you within 24 hours.