Gold Loan Adhewada
Due to the uncertainty of the future, we never know when we face a financial crisis. Gold is considered as a status of royalty, especially in India, buying and selling gold is an old tradition of our culture. However, the availability of gold loan as financial service provides a different scenario of how people use this precious metal. Nowadays, people buy gold to secure their future. To avail the benefits of gold loan apply for Gold Loan Adhewada.
Gold Loan Adhewada Eligibility
First of all, the applicant should be Indian.
After that, he should be above 18 years of age.
Furthermore, you should have a minimum of 10 grams of gold.
Documents Required for Gold Loan Adhewada
Identity Proof: Aadhar Card/Voters Card/Driving License/ Passport
Residence Proof: PAN Card/Ration Card/ Electricity Bill of last three months / Telephone Bill of previous three months.
Photographs: two passports sized colored photographs.
Proof of ownership: of Land is required if you are applying for an agriculture gold loan.
Gold Loan Adhewada Rate of Interest
A part of a loan that is charged as interest to the borrower, which is expressed as an annual percentage of the loan is said to be the interest rate. The gold loan is provided at the best interest rate as compared to other unsecured loans.
Generally, the gold loan is provided at the interest rate of 11.5% to 14.5%
Interest rate: 10.70%.
Processing fee: 0.85%.
Pre-closer charges: 0–2%.
Features of Gold Loan
Easy to apply.
Gets disbursed within 15 minutes.
Interest rates on the gold loan are quite affordable and satisfactory.
The documentation process is easy and simple.
No credit checks.
Gold Loan Adhewada Procedure
First, visit www.bookmyloans.com.
Likewise, fill the application with the required information.
In the last, the applicant gets a call from our side if he/she is eligible.
Forms of Gold
Not every type of gold is considered by the bank to provide the Gold Loan. There are some restrictions.
Firstly, the purity of the gold should lie in between 18 Karats to 22 Karats.
Secondly, gold in the form of jewelry is accepted.
In addition to the above, raw is gold is not accepted.
Lastly, gold coins that weigh 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 can sell borrower’s gold, and if the applicant repays the amount of loan, then the bank returns his/her gold.
In the first place, it offers a straightforward process of application for gold loan.
Afterward, the customer gets a good comparison of the interest rates.
Further, we provide the doorstep document pickup facility.
Adhewada is a village in Gujarat, India. If you are interested in availing Gold Loan Adhewada feel free to fill above given form, and our customer service will further contact you for further queries.