Gold Loan Sheohar

When in a financial problem or to meet some short end goal, no need to feel alone. We are here to help you out and the best way to do it, is simply by transferring your Gold from house locker to entirely safe bank locker and get money on it as Gold Loan Sheohar.

Gold Loan Sheohar eligibility

There are some essential eligibility criteria which one needs to fulfil to apply for a gold loan successfully

Firstly, you should be a citizen of India to apply

People under the age of 18 years cannot ask for a loan application.

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 Sheohar

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/ Utility Bills of last three months in the name of the 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 Sheohar interest rate

In general, the Loan is available at a manageable percentage of interest. The reason behind that the gold loan is among the secured loans. Hence, the interest rates are less than that of a personal loan or any other kind of loans. Which becomes 10.75% annually, which are quite less when compared to personal Loan, which dwells around 15%-26% annually.

Benefits of Gold Loan Sheohar

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 most straightforward documentation process.

There are not any credit checks required.

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 Sheohar 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 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 essential to know which type of Gold is eligible for Loan. Basically, gold quality needs to be in the range of 18 to 22 Karats.

After that, Gold transformed into jewelry is acceptable.

Besides, raw Gold is not accepted.

Gold coins less than 50 grams are accepted.

 Is  Gold Loan secured?

Yes, it is essential to note that the gold loan comes under the category of secured loans. As in a gold loan, the customers need to put their gold ornaments into the bank’s locker 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 most uncomplicated way for applying  a gold loan.

After that, the customer gets a good comparison of the interest rates.

Furthermore, You dont get any hassles and company collects documents from your doorsteps.

About Sheohar

Sheohar is an administrative district in the state of Bihar in India. The district headquarters are located at Sheohar, and the area is a part of Tirhut Division. It has a population count of around 651,452.

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