Gold Loan Dhrol

Gold Loan @ 7%

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About Gold Loan Dhrol

Gold loan is secured as the gold is deposited in the bank for exchange of funds. The amount of loan is directly dependent on the value of gold deposited and does not consider the persons capacity to repay the same.

Gold loan Dhrol Interest Rate

Gold loan is available at a very easy and minimal rate of interest. The interest rates are very less than in comparison to other loans like home loan or personal loan. The annual interest rate lies between 10.55% per annum to 24.00% per annum. Though the interest rates keep on changing and its mainly depends upon different banks.

 Eligibility Criteria of Gold Loan Dhrol

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 have Indian citizenship

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 Dhrol

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 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.

In addition to that, two copies of Photographs of the borrower.

Benefits of Gold Loan Dhrol

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 Dhrol

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 Dhrol

Dhrol is a city and a municipality body in Jamnagar district in the state Gujarat, India.  It has an average distance above sea level 26 metres. Dhrol had a population of 23,618, as according to 2001 India census. Here the official language of this city is Gujarati, Hindi.