Need financial help? But not finding a way stop worrying your best asset is still lying dormant. Gold is the most underestimated friend in need. Just need to shift it from your home locker to more secured bank locker and complete those pending task with full support from the bank. It is quick; it is easy and doesn’t even need any income proofs. So, stop waiting and apply for Gold Loan Sawantwadi.
Gold Loan Sawantwadi eligibility
There are some essential eligibility criteria which one needs to fulfil to apply for a gold loan successfully
Firstly, you need to be a citizen of India to apply
People under the age of 18 years cannot apply.
Maximum age of the applicant cannot be more than 60 years.
The purity of your gold needs to be more than 18 Karats.
Furthermore, you need to have at least 10 grams of gold to get a loan on it.
Documents required for Gold Loan Sawantwadi
Eventually, the documentation for a gold loan is among the most sorted and easy ones as you need to have elementary proofs.
Identity proof: Every Indian have some basic identity hence for applying for a gold load you need to present those identities it can be one of these – aadhar card/ driving licence/passport/voter card
Furthermore, for your address proof, you can provide any one of them: Aadhar Card/Card/Ration Card/ Electricity Bill of last three months with the name of the applicant/ Telephone Bill of previous three months with the name of applicant / Passport Copy.
Two latest passport size photos are also required.
Besides, especially for agriculture gold loan, you need to give land ownership details.
Gold Loan Sawantwadi interest rate
In general, the Loan is available at minimal rates of interest. The reason behind that the gold loan comes in the category of secured loans. So the interest rates are less than that of a personal loan or any other kind of loans. The gold loan is available at 1% per month interest rate. Which becomes 10.75% annually, which are quite less when compared to personal Loan, which dwells around 15%-26% annually.
Benefits of Gold Loan Sawantwadi
Gold Loan is a most comfortable and simple way to get instant finance. It has only 30 minutes of disbursal procedure.
Gold Loan is the best Loan to deal with your sudden as well as short-term needs.
Moreover, it has the simplest documentation process.
There are no credit checks needed for this financing.
A person having a bad civil score is also eligible to apply for a gold loan.
Interest rates are least than any other loan available out there.
Gold loan Sawantwadi procedure
Applying for a gold loan is never a hassle, but we make it most quick and sorted for you.
Just need to visit lendingwale.com and go to golds loan menu.
Eventually, fill the basic eligibility form there with your contact number.
After that applicant gets the call from our relationship manager.
Forms of Gold
It is important to know which type of gold is eligible for Loan. Basically gold should be in between 18 Karats to 22 Karats.
After that, gold in the form of jewelry is accepted.
Besides, raw gold is not accepted.
Gold coins that weight 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. But as the customer is loyal in paying back his/her gold is more secured with the bank than at homes.
First of all, Lendingwale offers the simplest process of application of the gold loan.
After that, the customer gets a good comparison of the interest rates of other banks as well.
Furthermore, the company provides the document pickup facility from your doorstep.
Sawantwadi is a town in Sawantwadi taluka in Sindhudurg district of Maharashtra state, India. It belongs to the Konkan region. It belongs to Konkan division. With a population of 47921.