Gold Loan Curtorim
Gold loan is secured loans where gold jewellery or ornaments is used as collateral security. You pledge your gold jewellery with the lender and get a loan. The loan amount is usually a percentage of the gold’s value. You can repay the loan through monthly instalments. Different banks offer this loan at affordable interest rates.
Gold loan Curtorim Interest Rate
The annual interest rate lies between 10.75% to 24.00%. Though the interest rates keep on changing mainly depends upon different banks and time to time and person to person.
Gold Loan Curtorim Eligibility Criteria
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 borrower 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.
Documents required for Gold Loan Curtorim
Certain documents are needed to get a gold loan. These are as follows:
IDENTITY PROOF: Aadhar Card, Voters Card, Driving License, Passport, Pan Card of a borrower.
RESIDENCE PROOF: Aadhar Card, Ration Card, Bank Statement (ACTIVE), Electricity Bill of last three months should be on the name of the applicant, Telephone Bill of previous three months on the name of the applicant, Passport Copy of a borrower.
Two copies of Photographs of the borrower.
Benefits of Gold Loan Curtorim
Firstly, it comes under a secured loan.
Banks do not check CIBIL scores for loan approval.
It has a low-interest rate in comparison to a personal loan or any other loan.
Income proof is not required to get loan approval.
Safety of ornaments is available.
Interest rate of Gold Loan Curtorim
|Bank||Gold Loan Rate|
|SBI Gold Loan||11.50%|
|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%|
|PNB Gold Loan||12.25%|
Gold Loan procedure
You can also apply for a gold loan through online with the help of the bank’s or NBFC’s mobile application or through an official website.
The applicant has to visit the site www.bookmyloans.in
First, register yourself at the website of the lender’s portal. Fill the details such as the quantity of gold you have with yourself, how much loan you want to approve.
After that, you should mention your contact information.
But you have to visit lender branch after applying for a gold loan online, to avail the facility of the online gold loan.
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.
First of all, www.bookmyloans.in offers an easy method of application of the gold loan.
After application, the customer gets a good comparison of the interest rates with other banks interest rate as well.
Furthermore, the company provides the document pickup facility from your doorstep.
Curtorim is a town situated in Salcette taluka of Goa district in Goa, India. It has an average elevation of 33 metres. Konkani is the official language of Curtorim.