Gold Loan Bicholim
Gold loan is a secured loan. Therefore, there is no requirement of a good credit history to avail a gold loan. You have an option to pay only the interest component, and the principle can be paid as a lump sum amount at the end of the loan tenure.
Gold Loan Bicholim Eligibility Criteria
Gold Loan has 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 Bicholim
A Gold loan is secured with gold ornaments is offered for short to medium term duration and is generally processed within minutes without the need for tedious paperwork.
Identity Proof: First of all, the Applicant should have one proof of identity is required. Anyone of the given evidence is accepted, such as (Aadhar Card/Voters Card/Driving License).
Residence Proof: After that, the borrower should have one proof of residence is required to get a gold loan. It can be (Aadhar Card/Ration Card/ Electricity Bill of the last three months with the name of the Applicant.
Bill of the previous three months with the name of the applicant is required to get a gold loan.
In Addition to that, two passports sized colored photos of borrowers 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 Bicholim Interest Rates
In general, the gold loan is available at straightforward interest rates. The interest rates of gold loan are less than that of personal loan. The interest rates keep on changing person to person and time to time.
Features of Gold Loan Bicholim
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 Bicholim Procedure
The Applicant needs to visit www.lendingwale.com
After that, the Applicant fills the application with the required information.
But the Applicant should fill the contact number.
At last, the borrowers get 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, www.lendingwale.com offers a natural process of application of the gold loan.
After that, the borrower gets a good comparison of the interest rates on gold loan from other banks.
Furthermore, the company provides the document pickup facility to online borrowers from the doorstep.
Bicholim, also known as Divchal in Konkani and Dicholi in Marathi, It is a city in North Goa district in the state of Goa, India.