Utkarsh Small Finance 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|
Why Gold Loan?
Are you compromising with your wishes? Unable to buy your favorite car or motorcycle just because you cannot manage a large sum of money altogether? The trouble is almost over now. Get A Gold Loan and fulfill all your pending wishes just by mortgaging your gold with us and repaying it with flexible installments. Utkarsh Small Finance Bank Gold loan is available at very fewer interest rates in many banks. So many nonbanking financial companies also provide you with a Gold Loan, and very less paperwork is required to complete these formalities.
Why Utkarsh Small Finance Bank Gold Loan?
Utkarsh Small Finance Bank Gold Loan provides you many features and benefits.
The loan sanction and disbursal process are fast and straightforward. The documents required are simple, and after submitting the necessary documents, the loan is issued instantly. Disbursement can be made either by a credit to the Savings Account or Current Account or any other appropriate account of the borrower.
The valuation of the Gold/ Gold Jewellery and Adornments/ Gold Coins specially coined and sold by the Banks offered as security shall be done by the Shroff / Jewel Appraiser accepted by the Bank. The borrower should bear the actual valuation charges.
The bank charges low-interest rates for Gold Loans so that the customers can afford the loan repayment easily without having to worry about the high-interest rates.
Eligibility of Utkarsh Small Finance Bank Gold Loan:
There are some conditions that the applicant should fulfill to get a gold loan. These are written below
- Age of the applicant should be more than 18 years and less than 75 years.
- Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 carats to 22 Carat.
Utkarsh Small Finance Bank Gold Loan Interest Rate
- Interest rate starts from 7.11% of the principal amount for general purpose.
- Bank will provide you up to Rs. 20 Lakhs Bank will accept gold in all forms with purity 18 karat to 22 karats. You have to return the amount of loan within 24 months.
Basically, the rate of interest depends on the reason for which loan is taken, i.e. for
- Agriculture purpose (10.20% – 12.20%)
- Personal Medical Purpose (12.45% – 14.20%)
- Business Purpose (12.45% – 14.20%)
Utkarsh Small Finance Bank Gold Loan Documentation:
- The whole process is straightforward and simple. Documents required in the very simple form. You instantly get a gold loan after issuing the documents. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
- Two passport size photos, a passport is needed because a passport has a name, age, address, and a photograph of the customer. If you have a passport, then there is no need to bring your address proof separately.
- Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
- Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth, and a photograph of the customer.
- Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
- PAN card is the permanent account number that is provided to the customers, and it prevents the financial frauds. So it is also considered as an identity/residence proof. Pan card is an essential document under KYC (know your customer)
- Ration card also can be a residence proof because it provides enough information about the applicant.
About Utkarsh Small Finance Bank Gold Loan:
Utkarsh Small Finance Bank Limited is a Public incorporated on 30 April 2016. It is classified as Non-govt Company and is registered at Registrar of Companies, Kanpur. Its authorized share capital is Rs. 10,000,000,000 and its paid-up capital is Rs. 7,370,500,100. It is involved in other financial intermediation. This group includes financial intermediation other than that conducted by monetary institutions.
What are the features of Gold Loan?
- Transparent System: Firstly, the system of the gold loan is very clear therefore, there are no hidden norms
- No Debt Burden: Next, There can be situations in which an applicant is not able to repay the loan amount in such a case the applicant will not be under debts as the bank will only confiscate the ornaments.
- CIBIL Score: Moreover, the banks are not concerned about the Credit Score of a person. People with Weak CIBIL Score can also apply for a Gold Loa.
- Low Rate of Interest: Major advantage, the applicant will have to pay the least interest rate in comparison to other loans.
- Advantage on the rate of interest for Farmers: As a matter of fact, The farmers are given a rebate on the interest rate on availing this service.
- No Income bounds: There are no restrictions on the salary or income of the applicant hence, anyone with any income rage can avail a gold loan.
- Security of Assets: One of the major advantage, the applicant does not has to worry about the safety of the ornaments as it is the headache of the bank and not the owner.
- Fast Process: This is a secured loan therefore, you can get your gold loan disbursed in just 30 minutes
- Minimal Documents: Lastly, the applicant has to submit very fewer documents to avail a gold loan which makes it a hassle-free service.
How to Apply for Gold Loan?
First of all visit our site www.lendingwale.com.
Fill all the important details mentioned and wait, our Relationship Manager will contact you as soon as possible and help you get Gold Loan