In India, many people have their gold ornaments, which are lying in the bank lockers . Gold Loan provides a chance for the people to unleash the worth of this valuable yellow metal by availing a gold loan against them. The rate of interest is less in comparison to other services like a personal loan and home loan.
Interest rates of Gold Loan in Sahibganj
The loan is available at fewer rates of interest. The interest rate running in the banks is 10.70%. The rates of interest on a gold loan are less as compare to other loans. Further, the banks have pre-closure charges ranging from 0-2%. The price of interest on the gold loan is charged, and the loan is available at less than 1% per month interest rate.
Eligibility of Gold Loan Sahibganj
If the Applicant is in urgent need of cash, then there are some eligibility criteria:
First a fall, the borrower should be a citizen of India.
After that, the applicant age should lie between 18 years to 65 years.
At last, the customer should have gold more than 10 grams.
The Applicant should have their gold ornaments.
There is no need to provide the bank with essential identification documents such as a voter’s ID card; materials can be presented as a primary identification proof.
Why Gold Loan Sahibganj?
The rate of interest is quite adequate as per your convenience.
The Applicant also has exciting repayment opportunity.
The gold loan service is a portable which can be availed when anyone required.
In gold loan, minimal documentation and quick disbursement make it even more accessible and preferable.
Documents required for Gold Loan Sahibganj
Gold Loan involves very less documentation process. The Applicant needs to put some primary identification purposes.
Identity Proof: First of all, the Applicant should have one proof of identity is required. Anyone of the given evidence is accepted, such as (Aadhaar Card/Voters Card/Driving License).
In addition to that, you need to present any of the following identification proofs such as Aadhaar card, driving license, Voter Id, PAN card etc. Any of the following could be performed to satisfy the documentation process.
Residence Proof: After that, the borrower should have one proof of residence is required to get a gold loan. It can be (Aadhaar Card/Ration Card/ Electricity Bill of the last three months with the name of the Applicant.
The Applicant has two passport size coloured photograph.
At last, the Proof of landholding in case of agriculture loan of more than Rs. 1 lakh.
Lendingwale.com is the best platform to apply for a Gold Loan in Sahibganj
The borrower can get access to various queries on www.lendingwale.com .
There is no need to visit different sites to apply for the gold loan by www.lendingwale.com .
There is a document pick up facility also provided to the Applicant.
Is gold loan Secured?
Gold Loan is a loan which involves gold material that can be used as security with the banks until the borrower repays the loan amount to the institutions within the loan tenure period. Gold loan is the most popular financial good that is currently ruling the loan market and benefiting the borrowers as well. The financial institution is fully responsible for the security of the gold.
Forms of Gold
Firstly, the purity of the gold should lie in between 18 karats to 22 Karats.
After that, gold is accepted by the financial institution in the form of jewellery and coins.
Furthermore, the gold ornaments that involve gold coins that weigh less than 50 Grams are also accepted.
Sahibganj is a town located in the district of Sahibganj in the Jharkhand state, India.