Nainital Bank Gold Loan

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Nainital Bank Gold Loan Key Features – Apply Now!

Gold Loan Interest Rate 7.11% per annum
Gold Loan Per Gram Rate Per Gram Today is ₹ 5,032
Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Gold Loan Repayment Tenure 3 Months to 24 Months
Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Nainital Bank Gold Loan:

Nainital Bank Gold Loan helps customers meet their various monetary requirements like medical emergency, debt consolidation, etc. Furthermore, The Bank is committed to easy documentation as well as fast allotment helping customers to avail a lot of services making their life easier by being better at finance management.
Also, anyone looking for fast and straightforward disposal of Gold Loan may apply with Nainital Bank by checking in all the documentation and suitable requirements.

Why opt for Nainital Bank Gold Loan?

Uniquely, Nainital Bank grants you Gold Loan starting at Rs.10000 to Rs.15 lacs depending on the client’s financial power, cibil score, and professional background.
Furthermore, customers can benefit the Gold Loan without much tension, and they can have their request permitted inside four working hours.
Also, no Guarantor or Cosigner is required to avail the Loan.

Eligibility for Nainital Bank Gold Loan:

Salaried

  1. Profession: The person should be working in a government, private or MNC Company.
  2. Eligible Age: The Minimum age to apply for a Personal Loan is 23 years.

Self-Employed

  1. Eligible Age: The Minimum age to apply for a Personal Loan is 19 years.
  2. Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.
  3. The borrower must possess an updated Aadhaar ID.
  4. The customer should hold an active bank account that has an internet banking facility.

Nainital Bank Gold Loan Interest rate:

Interest rates start from 10- 16% and vary according to the following reasons:

  1. Profile of Customers
  2. Nature of Collateral
  3. Prior/Existing relationship with the Bank.

Documents Required for Nainital Bank Gold Loan:

Salaried

  1. Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
  2. Address proof: Ration card, Passport, rent agreement, electricity/water bill.
  3. Last six months Bank statement & 3 months’ salary slip

Self-Employed

  1. Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
  2. Address proof: Ration card, Passport, rent agreement, electricity/water bill.
  3. Equally, important are last six months Bank statements.
  4. Likewise, Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.

About Nainital Bank:

Nainital Bank was established by Govind Ballabh Pant. In 1975,the bank has majority share of the government and Bank of Baroda is the second largest bank in India, acquired a 98.6% stake in the bank and made it a subsidiary.

In April 2004, National Insurance Company  authorised an agreement with Nainital Bank for distribution of its general insurance functions through the bank’s branches in Uttarakhand, Haryana and New Delhi. The bank has a net worth of almost Rs 1.12 billion on as on 31 March 2006.

FAQs (Frequently Asked Questions):

  1. Why should I take a gold loan from Nainital Bank?
    Ans. Nainital Bank gold loan per gram allows you to know an estimate of the amount of Loan you can get in exchange for your gold jewelry. Moreover, Credit is provided based on the purity of gold and the price of your jewelry adjusted for Loan to value the ratio.
  2.  What interest is charged?
    Ans. 10.70% is the minimum interest rate charged by the Bank.
  3. What is the tenure of Nainital Bank Gold Loan?
    Ans: The tenure of Gold Loan is 3-12 months.
  4. What amount Gold Loan amount I can borrow?
    Ans: Comaparatively, The applicant can get a loan amount of Rs. 10 thousand-2 lacs at maximum for three year.
  5. How much is the processing fee?
    Ans: The processing fee charged is 1% for gst.
  6. Is age an eligibility criterion in getting a Gold loan?
    Ans: Yes, age is a factor to apply for a Gold loan. The minimum age of the applicant should be 18years.
  7. Do prepayment charge on a Gold loan from Nainital Bank apply?
    Ans: The pre-closure charges are 0.

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