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RBL Bank Gold Loan Key Features – Apply Now!
|RBL Bank Gold Loan Interest Rate||7.10% per annum|
|RBL Bank Gold Loan Per Gram||Rate Per Gram Today is ₹ 5,255|
|RBL Bank Gold Loan Amount||Up to Rs. 1 Crore (With Income Proof)|
|RBL Bank Gold Loan Processing Fee||1.50% of the Principal Loan Amount|
|RBL Bank Gold Loan Prepayment Charges||2%+GST (Within 3 Months), 0 (After 3 months)|
|RBL Bank Gold Loan Repayment Tenure||3 Months to 24 Months|
|RBL Bank Gold Loan Repayment Scheme||Bullet Payment Scheme, Overdraft Scheme|
About RBL Bank Gold Loan
Ratnakar Bank Limited is a commercial bank that was founded in 1943 and is headquartered in Mumbai, Maharashtra. The bank serves in corporate, retail, agricultural, and institutional sectors.
Loan against gold ornaments. The best features, offers, and benefits are available. Apply now and get instant approval and quick disbursal. Hurry!
What is Gold Loan?
The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments. Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage, or other family problems. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.
RBL Bank Gold Loan Eligibility
There are some conditions that the applicant should fulfill to get an RBL Bank Gold Loan. These are written below
- First of all, the age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
- Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
- After that, the applicant should have gold in the form of jewelry. But the purity of the gold must lie between 18 karats to 22 karats.
Advantages of taking a Gold loan
- Easy and Hassle-free Process
- Approval in 30 minutes
- Simple Documentation
- Dedicated Assistance
- No salary certificate or credit card history is required
- Lowest Interest Rate
Interest Rate for RBL Gold Loan
- Generally, the gold loan is available at the interest rate of 7.10% to 14.5%
- ROI for tenure less than 1 year is also available at 1%
- Processing fees equal to 2000
- The borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay the complete borrowed amount in a single shot
RBL Bank Gold Loan Documentations
The process of documentation is very easy and simple.
- Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
- 3 passport size photos
- A passport acts as an ID proof because a passport has a name, age, address, and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately.
- Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
- Driving license can also be a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer.
- Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
- PAN card is the permanent account number and it prevents the financial frauds. So it can be an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
- Ration card also can be a residence proof because it provides enough information about the applicant.
Know about the terms and conditions
- 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.
- So foreclosure charges after 6 months are 0.
- Charges for late payment of Loan Amount
- 2% p.a. as penal interest over and above the applicable rate of interest.
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Here, we are to provide you with the loans, and here we are to offer loans and tell you why Magicloans.in is better than other websites.
Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:
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