Gold Loan Eklingpura

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Gold Loan Eklingpura

Gold loan is a kind of loan when a customer deposits gold as collateral for taking a loan. It falls under the category of secured loans. Here, the borrower pledged some gold articles to get a loan. The amount which the borrower gets in lieu of gold articles depends upon the quality and quantity of gold.

Interest Rate Gold loan Eklingpura

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

Gold Loan Eklingpura Eligibility Criteria

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.

Documents required for Gold Loan Eklingpura

Certain documents which are needed to get a gold loan 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.

Also two copies of Photographs of the borrower.

Interest rate Gold Loan Eklingpura

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%

Benefits of Gold Loan Eklingpura

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.

Gold Loan procedure

The applicant has to visit the site 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.

Is Gold Loan secured

Yes, it is important to know that gold loan is secured as it comes under the category of secured loans. Secured loans are loans that are supported by an asset means some asset as collateral for the loan. When you agree to the loan, you also agree that the lender can repossess the collateral deposit if you don’t repay the loan amount in time.

Why bookmyloans.in

First of all, www.bookmyloans.in offers an easy process of application of the gold loan.

The customer gets a good comparison of the interest rates of other banks as well.

Easy documentation, instant approval, convenient 24X7 online repayment

Hassle-free, paper-less transaction from your mobile device

Free safe custody for your valuable gold

Also, the company provides the document pickup facility from your doorstep.

About Eklingpura

Eklingpura is a village Girwa Tehsil in Udaipur District of state Rajasthan, India. The local language of this village is Hindi. The total population is 2237, and the village literacy rate is 63.2%.