Gold Loan Berhampore
Gold loan is given by accepting the gold of the customer as collateral whereas Personal loan is provided on the basis of income source and repayment ability of an applicant. If you’re looking for an simple and quick way to get financing, Gold loan is just what you’re looking for.
Gold Loan Berhampore Eligibility Criteria
There are some eligibility criteria that the applicant has to qualify to get a gold loan. These are
First of all the applicant should have Indian citizenship.
After that, the minimum age of the applicant should be 18 years.
Furthermore, to apply for a gold loan you should have a minimum of 10 grams of gold.
Documents Required for Gold Loan Berhampore
However, the process of documentation in a gold loan is very easy and simple but, still, there are certain documents that are required to get a gold loan.
Identity Proof: first of all one proof of identity is required. Anyone of the given proofs is accepted (Aadhar Card/Voters Card/Driving License/ Passport)
Residence Proof: After that, one proof of residence is also required to get a gold loan. It can be (Aadhar Card/PAN Card/Ration Card/ Electricity Bill of last three months with the name of the applicant/ Telephone Bill of last three months with the name of applicant / Passport Copy)
In Addition to that 2 passports sized colored photographs are also required to get a gold loan.
Proof of ownership of Land is required if you are applying for an agriculture gold loan.
Interest Rates Gold Loan Berhampore
The amount of gold loan you can avail depends on the weight of jewelry you can pledge with the bank. Generally, we offer a jewel loan per gram of gold which differs by the purity of gold and loan to value ratio offered. We offer lower interest rates for higher amount. We offers loan between Rs. 18,000 and Rs. 50 Lakh amount
Features of Gold Loan Berhampore
It is noteworthy that the Gold Loan comes with so many features. So let us discuss them one by one.
First of all the gold loan is very easy to apply.
After that, gold Loan gets disbursed within 15 minutes.
Furthermore, the interest rates on the gold loan are quite affordable and satisfactory.
Besides that, in a gold loan, the documentation process is very easy and simple.
Finally, the gold loan required no credit checks.
Gold Loan Berhampore Procedure:
First of all the applicant needs to visit www.magicloans.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.
Forms of Gold
Not every form of gold is considered by the bank to provide the Gold Loan. There are some restrictions.
First of all the purity of the gold should lie in between 18 Karats to 22 Karats.
After that, gold in the form of jewelry is accepted.
Besides that raw is gold is not accepted.
Furthermore, gold coins that weigh less than 50 Grams are easily accepted.
Gold Loan Berhampore is Secured?
Yes, it is important 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, https://magicloan.in/offers a very easy process of application of the gold loan.
After that, the customer gets a good comparison of the interest rates of other banks as well.
Finally, the company provides the document pickup facility from your doorstep.
It is a municipality in the state of West Bengal, India. It has a population of 305,609 and was the seventh largest city in West Bengal (after Kolkata, Asansol, Siliguri, Durgapur, Bardhaman and Malda). It used to be known as Brahmapur because many of the Brahmin families settled here