Gold Loan Amrapur

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About Gold Loan Amrapur

Gold Loan Amrapur is a type of secured loan in which the applicant provides his/her gold ornaments as security against the loan, and the amount of loan will depend on the quality and quantity of the gold. Also, the lender provides the loan amount with the liability to use it according to applicants needs and requirements.

Gold Loan Amrapur Eligibility:

There are some eligibility criteria
given which the applicant has to qualify to get a gold loan. These are

  • First of all, the applicant should
    have Indian citizenship.
  • After that, the minimum age of the
    applicant should be 18 years.
  • Furthermore, to apply for a gold
    loan, you should have a minimum of 10 grams of gold.

Documents Required for Gold Loan Amrapur:

  • However, the process of documentation
    in a gold loan is very easy and simple, but, still, certain documents are
    required to get a gold loan.
  • Identity Proof: first of all, one
    proof of identity is required. Anyone of the given proofs is accepted (Aadhar
    Card/Voters Card/Driving License/ Passport)
  • Residence Proof: After that, one
    proof of residence is also required to get a gold loan. It can be (PAN
    Card/Ration Card/ Electricity Bill of last three months with the name of the
    applicant/Aadhar Card/ Telephone Bill of previous three months with the name of
    applicant / Passport Copy)
  • In Addition to that, two passports
    sized colored photographs are also required to get a gold loan.
  • Proof of ownership of Land is
    required if you are applying for an agriculture gold loan.

Gold Loan Amrapur 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%
  • Gold Loan Amrapur interest rate-10.70%.
  • Offer a low processing fee that is
    0.85%.
  • Pre-closer charges range from 0–2%.

Features of Gold Loan:

  • It is noteworthy that the Gold Loan
    comes with so many features. So let us discuss them one by one.
  • First of all, the gold loan is very
    easy to apply.
  • After that, gold Loan gets disbursed
    within 15 minutes.
  • Furthermore, the interest rates on
    the gold loan are quite affordable and satisfactory.
  • Besides that, in a gold loan, the
    documentation process is very easy and simple.
  • Finally, the gold loan required no
    credit checks.

Gold Loan Amrapur Procedure:

  • First of all, the applicant has to
    visit www.bookmyloans.in.
  • After that, the applicant fills the
    application with the required information.
  • But the applicant should fill the
    contact number.
  • After that, the applicant gets a call
    from our side if he/she is eligible.

Forms of Gold that is acceptable:

Not every type of gold is considered
by the bank to provide the Gold Loan. There are some restrictions.

  • First of all, the purity of the gold
    should lie in between 18 Karats to 22 Karats.
  • After that, gold in the form of
    jewelry is accepted.
  • Besides that, raw is gold is not
    accepted.
  • Furthermore, 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 is liable to sell his gold ornaments. On the other hand if the applicant
is able to repay the amount of loan then the bank returns his/her gold
ornaments in its same shape.

Why Bookmyloans.in?

First of all, www.bookmyloans.in
offers a very easy 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, we provide the document
pickup facility from your doorstep.

About Amrapur:

Amrapur is a town Gujarat state, India. If you are interested in availing
Gold Loan Amrapur feel
free to fill above given form, and our customer service will further contact
you for further queries.