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Gold Loan Bhaderwah

In Gold Loan the gold is mortgaged and then the amount is given to the customer in the form of cash. The gold loan is a very simple concept and in this type of loan, A customer pledges gold such as jewelry, ornaments etc. as security for taking the loan.

Gold Loan Bhaderwah Eligibility Criteria

 For Gold loan, there are some eligibility criteria that the Applicant has to qualify to get a gold loan. These are

First of all, the Applicant should be a resident of India.

After that, the borrower has a minimum age limit of 18 years.

Furthermore, to apply for a gold loan, Applicant should have a minimum of 10 grams of gold.

Documents Required for Gold Loan Bhaderwah

However, the documentation process in a gold loan is straightforward, but, still, certain documents are required to get a gold loan.

Identity Proof: First of all, one proof of identity is required. Anyone of the given tests is accepted (Aadhar Card/Voters Card/Driving License/ Passport)

Residence Proof: After that, one proof of residence is also required to get a gold loan. It can be (Aadhar Card/Card/Ration Card/ Electricity Bill of the last three months with the name of the applicant/ Telephone.

Bill of previous three months with the name of applicant / Passport Copy)

In Addition to that, two passports sized colored photographs are required to get a gold loan.

Proof of ownership of Land is required if you are applying for an agriculture gold loan.

Gold Loan Bhaderwah Interest Rates

In general gold, the loan is available at straightforward rates of interest. 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 Bhaderwah

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 straightforward 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 straightforward.

Finally, the gold loan required no credit check.

Gold Loan Bhaderwah Procedure

The Applicant needs to visit

After that, the Applicant fills the application with the required information.

But the Applicant should fill the contact number.

At last, 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.

Furthermore, gold coins that weigh less than 50 Grams are readily 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 bank’s 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, offers a straightforward process of application of the gold loan.

After that, the customer gets a good comparison of the interest rates of other banks as well.

Furthermore, the company provides the document pickup facility from your doorstep.

About Bhaderwah

Bhaderwah is a town in the Doda district of Jammu and Kashmir in India. A Notified Area Council governs the city.