All About Gold Loan Jalandhar
Loan against gold is the fastest growing financial service in the banking industry. Majority of people have gold jewellery which are just lying in the home or bank lockers. Gold Loan provides a way for the people to find the worth of there yellow metal by availing a loan against them.
Interest Rates of Gold Loan Jalandhar:
Gold loans are kind of secured loans, which makes it easier for you and the banks to communicate with assurance and trust.
The interest rate is 10.75% per annum.
Furthermore, the foreclosure fee is 0-2% of the total loan amount.
Finally, the processing fee is 0-2% of the total loan amount.
Eligibility Criteria for Gold Loan Jalandhar:
At first, you should be a permanent resident or a citizen of India.
After that, the acceptable age for applying is from 18 years to 60 years.
Next, you should have more than 10 grams of gold jewellery or ornaments.
At last, the purity of your gold should be from 18 carats to 22 carats.
Benefits of a Gold Loan:
Primitively, a gold loan is classified as a secured loan. Therefore, it involves lenient acceptability criteria and minimum documentation. Generally, disbursal of the loan is in just a few minutes.
Furthermore, banks and NBFC’s usually do not question your income verification in gold loans. Hence, you can apply for a gold loan irrespective of whether you are earning or not.
In addition to this, unlike personal loans, approval of a gold loan does not depend on your credit score. The loan amount solely depends upon the market value of your gold.
Documentation for Gold Loan Jalandhar:
To start with, you should affix two passport size photographs with the application form.
Secondly, you should submit a proof of Identity. It can be a PAN Card /Passport/ Voter ID Card/ Aadhaar Card.
Also, you should attach a residence proof with the application form. It can be Voter ID Card/ Passport/ PAN Card/ Aadhaar card/ Driving License/ Ration Card/ Rental Agreement/ Utility bills.
How to apply for Gold Loan Jalandhar?
First of all Visit www.lendingwale.com and fill the form online and get a loan in a few minutes
After that, go to the loan section and select a Gold Loan link.
And then by clicking this link, you will be directed to all details of the Gold Loan where you can select your preferred city.
Furthermore for more information and free guidance all us 95920-46860
It is a city in the state of Punjab. Jalandhar lies alongside the GT Road and is a well-connected rail and road junction. Jalandhar is 144 km northwest of Chandigarh.
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