Gold Loan Bhadson

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Gold Loan Bhadson

When a customer deposits gold as collateral for taking a loan, it is called a gold loan. The loan amount approved is a certain percentage of the value of the gold that has been deposited.

Gold loans are short-duration loans and the repayment period can range from one month to a few years. If you require immediate money for expenses and expect to be able to pay it back in a short period, then this loan might be a good option.

Gold loan Bhadson Interest Rate

In general, the gold loan is accessible at minimal rates of interest because it is a secured loan. The interest rate of the gold loan is 10.75% per annum and up to 25% per annum. Various banks, financial institutions, or NBFC offers different interest rates to different customers.

 Eligibility Criteria of Gold Loan Bhadson

Firstly, the applicant should lie between 18 to 70 years of age group.

Foremost, the applicant who has more than 10 gm gold to invest can apply for gold loan.

The applicant must be a resident of India.

The bill of gold, which is to be pledged, should be in the name of the applicant or any family member.

Gold Loan Bhadson Documents required

Certain documents which are required are:

IDENTITY PROOF: Aadhar Card, Passport, Voters Card, Driving License, Pan Card of a borrower.

RESIDENCE PROOF: Aadhar Card, Ration Card, Bank Statement (ACTIVE), Electricity Bill of last three months on the name of the applicant/ Telephone Bill of previous three months on the name of the applicant, Passport Copy of a borrower.

 AGRICULTURE PROOF: Document for agriculture land proof.

Also two copies of Photographs of the borrower.

Benefits of Gold Loan Bhadson

   Access gold loan from anywhere, anytime

   Free insurance cover for your gold

   Easy documentation, instant approval, convenient 24X7 online repayment

   Hassle-free, paperless transaction from your mobile device

   Free safe custody for your valuable gold

   No hidden charges, fully transparent

Interest rate of Gold Loan Bhadson

Bank  Gold Loan Rate 
HDFC Bank 10.75%
Yes Bank  10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan  12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%

Gold Loan procedure

The applicant has to visit the site www.bookmyloans.in

After that, the applicant fills the information which is needed.

But the applicant should fill the contact number.

After that, the applicant gets a call from our side if he/she is eligible.

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.

Why bookmyloans.in

First of all, www.bookmyloans.in offers a straightforward 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, the company provides the document pickup facility from your doorstep.

About Bhadson

Dabhoi is a town and a municipality body in Vadodara district in the state Gujarat, India. The official language is Gujarati, Hindi. Dabhoi had a population of 54,930, according to 2001 census. Dabhoi has an average literacy rate of 68%.