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Gold Loan Boha

    The gold loan is a simple concept because it helps to provide instant cash to the customer, an applicant pledges gold such as jewelry, ornaments, etc. as security for taking the loan and the customer has to return the loan amount after a certain period.

    Gold Loan Boha Eligibility Criteria

     Gold Loan has some eligibility criteria that the Applicant has to follow to get a gold loan.

     These are

    First of all, the customer should be an Indian resident.

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

    Furthermore, the Applicant should have a minimum of 10 grams of gold.

    Documents Required for Gold Loan Boha

    A  Gold loan is secured loan, and in the gold loan, the less rate of interest is charged by the banks.

    Residence Proof: After that, the borrower should require one residence proof 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 Boha 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 Boha

    The Gold Loan comes with so many characteristics. Let’s discuss,

    First of all, the gold loan is has an easy process.

    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 Boha 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.

    Why Lendingwale.com?

    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.

    About Boha

    Boha is a Village in Budhlada in Mansa District of Punjab State, India. Boha is 8 KM from Budhalada, 183 KM from State capital Chandigarh.