What is Gold Loan Kalka?
It is defined as an loan in which money is provided to the customer on the basis of the quality, quantity of the gold that the person owns. The banks or NBFC do not ask for the income proofs or the previous credit history of the customer. We will provide you with all the information that you may need for Gold Loan Jind.
Eligibility Criteria for Gold Loan Kalka
There are some eligibility criteria that the applicant has to qualify to get a gold loan:
First of all, the minimum age of the applicant should be 18 years.
After that, the applicant should have Indian citizenship.
Furthermore, to apply for a gold loan, you should have a minimum of 10 grams of gold.
Gold should be between 18-22 carats.
Documentation
The process of documentation in a gold loan is very easy and simple. Certain documents that are required to get a gold loan are as follows:
- First of all, one proof of identity is required. Any one of the given proofs is accepted (AadhaarCard/Voters Card/Driving License/ Passport).
- After that, one proof of residence is also required to get a gold loan. It can be (AadhaarCard/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 coloured 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 for Gold Loan Kalka
Firstly, the interest rate charged by the banks ranges from 10.5% to 15%.
Processing fee charged by the bank is up to 2% of loan amount.
Loan tenure can range from 6 months to 36 months.
Features of Gold Loan
First of all, the gold loan is very easy to apply.
After that, gold Loan gets disbursed within 30 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.
Also, The gold loan requires no credit checks.
Moreover, there is in house gold evaluation.
Gold Loans are highly liquid, which help the customer in easy convertibility.
How to apply for Gold Loan?
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.
At last, 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 jewellery is accepted.
Besides that, raw is gold is not accepted.
Furthermore, gold coins that weigh less than 50 Grams are easily accepted.
Why Magicloans?
First of all, www.magicloans.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.
About Kalka
Kalka is a town located in district Panchkula of state Haryana, India . The name of this town is derived from the goddess Kali. The town is situated on the foothills of the Himalayas.