Gold Loan Procedure -Gold Loan Merits and Demerits - Gold Loan Advantages

⚫What is a Gold loan?
A gold loan is a loan where a borrower pledges their gold with the lender. In this process verification of the quantity and quality of the gold plays a vital role. So the lender gets the gold verified whether in-house or from anywhere. An amount equivalent to generally 80% of the value of the gold is assigned to the borrower. A gold loan is a secured loan that requires one to keep the yellow metal as a mortgage. However, it can be taken by anyone above the age of 21 to fulfill any personal or business needs. Thus, gold loans offer the end-use of loan amounts. To get a gold loan fast, you can apply for a gold loan online, and can quickly get a loan with minimal documents at the lowest gold loan interest rate.
#AboutGoldLoan

➡ What is the Procedure For Gold Loan?
The first thing that you need to know about the Gold Loan is the Application Procedure, which is mainly divided into four parts — Gold Submission, Evaluation, Documentation, and Authentication.
We are providing details about all these Procedural Constituents. Have a look!

🅐 GoldSubmission As you know by now that in order to get the gold loan, you will need to submit your gold ornaments or coins minted by the bank to the lender as security or collateral.

🅑 GoldEvaluation After the pledging of your gold ornaments comes the evaluation part. When you submit the gold, the lender calculates the overall value of your gold according to the current market value

🅒 Documentation Process-
1. TwoPassportSizedPhotographs
2. Identify Proof – #AadharCard/ #PANCard/ #DrivingLicence/ #VoterIDCard
3. Address Proof – #AadharCard/ #Passport/ #ElectricityBill/ #TelephoneBill

🅓 Authentication and Loan Disbursal
After completing all the parts mentioned above, the bank will check all the details submitted by you in the #AuthenticationProcess, which will involve #AuthenticatingYourDocuments.

One of the most important factors due to which so many individuals opt for a Gold Loan is the affordable interest rates on the facility.

◙ Merits of Gold Loan?
⦿ After knowing about the procedure to opt for the Gold Loan, you would want to know about the advantages of the Gold Loan because of which so many people decide to opt for this secured loan facility.
⦿ Gold loan is a very reasonable source of financing. The interest rates in gold loans are lower than other types of loans
⦿ Special benefits have been given to agricultural gold loans where rates are kept at a low of around 8%.
⦿ Very fast procedure. Loan disbursement takes only a few hours
⦿ Gold loan is considered as Very secured and safe
⦿ Minimum documentation makes the process even easier
⦿Anyone can apply for a gold loan be it students, job maker, housewives, businessman

⚪ Gold Loan Lenders-
Interest Rates (In Per Annum)
State Bank of India (SBI) - 7.50%
ICICI Bank - 10.00% - 19.76%
HDFC Bank- 9.50% - 17.55%
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To Get Best Offers on Gold Loan
Click on The Link Below
https://www.dialabank.com/home-loan/
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For more details
www.dialabank.com
9878981144
[email protected]

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