Gold jewelry or coins are acceptable to any financial or nonfinancial institutions as collateral, but specific types of gold coins are accepted by banks alone. So many banks provide gold, non financial organizations also benefits customers with the loan against gold. Gold Loan Ganderbal is availableonline.
Interest rates of Gold Loan Ganderbal
The interest rate mainly starts from 9% to 16 %, but every bank offering different interest rates for gold loans. And talking about the processing fee, it starts from 0 to 0.5% of its principal value. The gold loan is available at a low rate of interest. The interest rates of gold loan are less as compared to a personal loan. The interest rates keep on changing from person to person and time to time. The minimum price of interest applicant can expect on gold loans is10.70 %. If the applicant calculates, then the monthly interest rate will come less than 1%.
Eligibility of Gold Loan Ganderbal
For this loan, all the banks have the same criteria. Furthermore, there can be a little bit of variation.
Otherwise, the gold loan requires
First a fall, applicant to be a citizen of India
After that, Age of the applicant should be more than18 years and less than 65 years.
Furthermore, she/he should have the gold of purity 18 to 24 carat.
At last, the applicant should have gold more than 10 grams.
Features of Gold Loan Ganderbal
Firstly, there are fewer nuisances for documentation.
Loan disbursal time is very less.
After that, security is very compact.
There is proper transparency between the customer and the bank.
Besides that, the interest rate of the gold loan is less as compared to other loans.
Furthermore, less paperwork is required in case of a gold loan.
Why should one choose Gold Loan in Ganderbal?
The applicant applies for a gold loan for a small period generally from 6 to 12 months.
Gold loan is the best option for all of the unfortunate credit individuals.
The gold loan is available at low interest rates.
You need to pay the interest rate and no EMI.’
Although this loan requires very less paperwork. Most worthy there are few that applicants need to have
Two photographs of the applicant.
Proof of his identity: verification documents especially require one among the following (passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them any glasses)
Evidence of his residence: (passport/ID card/ Voter card/ aadhar card/ration/card/driving license) and if the borrower is living in rental apartments, then the applicant has to submit his agreement, electricity bill on his name and address of the owner.
The financial institution requires the bill for the last three months is to provide a gold loan to the applicant.
In addition to that, Proof of ownership of Land is required if you are applying for an agriculture gold loan.
Lendingwale.com is the best platform to apply.
You can get all access to so many quires simultaneously on www.lendingwale.com
The applicant does not need to go to different sites to apply for the gold loan by www.lendingwale.com there is no need to go in banks.
Your documents will be picked up by you. There can be a little more negotiation in interest rates.
How to get a Gold Loan Ganderbal?
Firstly, there is no need to go banks you need to fill the gold loan form online on www.lendingwale.com and within a minute you will get a call back from our side and loan disbursal within 30 minutes or maybe less.
Firstly, the applicant needs to visit www.lendingwale.com
The borrower fills the application with detailed information to get a gold loan.
Besides that, the applicant has to fill the contact number.
At last, the borrowers get a call from the bank if the applicant is eligible for gold loan.
Ganderbal is a district of the state of Jammu and Kashmir of Indian administered Jammu and Kashmir. It has six tehsils Ganderbal tehsil, Tullamulla, Wakoora, Laar, Kangan, and Gund.