What is Gold Loan Pali?
Gold Loan is given on ornaments like bangles , earings etc. Gold loan is not given for diamond articles and mangal sutra. Many take gold loan for the attainment of their short term goal through gold loans, such as their child’s education, for some kind of business work or any other family problem. Many think that instead of keeping the gold idle at home or in a locker, thegold loan is the best option. You can claim Gold Loan Pali on easy terms and conditions.
Advantages of Gold loan:-
Firstly, the process of getting Gold Loan is easy and Hassel-free.
Furthermore, you can get loan approval in just 30 minutes
Also, the documentation are also very simple.
Dedicated Assistance
Moreover, no salary certificate or credit card history is required
Lastly, the interest rate on the loans are also very less.
Gold Loan Pali Interest Rate:
The interest rate charged on these loans starts from 11.5% to 14.5%.
Moreover, the processing fees equals to 2000.
Lastly, Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single time.
Check Your Eligibility:
Firstly, the age of the applicant should be above 21 years.
Anyone can take the loan who have gold arnaments with them.
Moreover, the gold should be in appropiate quality and quantity
Lastly, gold should be between 18-22 carats
Documention:
Identity Proof: Voters ID card/ Passport Copy/ PAN Card/ Aadhaar Card
Address proof: / Electricity Bill/Telephone bill/ Passport / Aadhaar Card
Photograps: 2 passport size photographs
Know about the terms and conditions:
Firstly, Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
Foreclosure charges can be up to 1%.The minimum loan tenure is 6 Months.
Foreclosure charges after 6 months are 0.
Lastly, 2% p.a. as penal interest over and above the applicable rate of interest.