Gold Loan Sivakasi
Is your CIBIL score holding you back from getting a loan? We have Gold Loan which the customer can get with bad CIBIL score or a bad credit history. You don’t need to think about your pervious loan before taking a Gold Loan.
Gold Loan Sivakasi Eligibility Criteria
There are some eligibility criteria that the applicant has to qualify to get a gold loan. These are
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
Documents Required for Gold Loan Sivakasi
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.
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)
First of all one proof of identity is required. Anyone of the given proofs is accepted (AadhaarCard/Voters Card/Driving License/ Passport)
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.
Gold Loan Interest Rates
- Generally gold loan is available at the interest rate of 11.5% to 14.5%
- Processing fees equals to 2000
- 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.
Features of Gold Loan
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.
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 jewelry is accepted.
Besides that raw is gold is not accepted.
Furthermore, gold coins that weigh less than 50 Grams are easily accepted.
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.
Sivakasi is a city located in Virudhunagar district of the state Tamil Nadu, India. For more information on Gold Loan you can visit our site.