Gold Loan Hojai

Gold Loan @ 7%

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When a customer deposits gold as collateral security for taking a loan, it is known as a gold loan. The loan amount approved is a certain percentage of the value of the gold that has been pledged. If you require money immediately for immediate expenses and believe to be able to pay it back in a short tenure, then this loan might be a good option.

Interest Rate Gold loan Hojai

Gold loan is available at a very easy rate of interest. The interest rates are very minimum in comparison to a personal loan or a home loan or any other loan. The annual interest rate lies between 10.55% to 24.00%. Though the interest rates keep on changing.

Gold Loan Hojai Eligibility Criteria 

The applicant should lie between 18 to 70 years of age group.

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 name of the applicant or any family member should be there on the bill of gold articles which is to be pledged.

Documents required for Gold Loan Hojai

Identity proof: Aadhar Card, Voters Card, Driving License, Passport, Pan Card of a borrower.

Address 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.

Two copies of Photographs of the borrower.

Benefits of Gold Loan Hojai

Firstly, it comes under a secured loan.

CIBIL scores are not checked by the bank.

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 Hojai

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 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 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 Hojai

Hojai is a city and a municipal body in Hojai district in the state of Assam, India. As per the 2011 census report, 347,627 was the total population of this city. It has an average height above the sea level of 59 metres. Hojai is one of the fastest-growing towns and districts in Assam. The average literacy rate is 90.66%.