Ujjivan Small Finance Bank Gold Loan

Gold Loan @ 7.10%

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Ujjivan Small Finance Bank Gold Loan Key Features – Apply Now!

Ujjivan Small Finance Bank Gold Loan Interest Rate 7.10% per annum
Ujjivan Small Finance Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
Ujjivan Small Finance Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Ujjivan Small Finance Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Ujjivan Small Finance Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Ujjivan Small Finance Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Ujjivan Small Finance Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Ujjivan Small Finance Bank Gold Loan:

Ujjivan Small Finance Bank Gold Loan is a bank licensed under Section 22 of the Banking regulation act 1949, to carry out small financial bank business in India.[3] The company hoding  is Ujjivan Financial Services Limited. The bank commenced operations on 1 February 2017. Ujjivan Small Finance Bank received Scheduled Bank status from the RBI in August 2017.

What is Gold Loan?

Gold Loan refers to that type of the loan which applicants can apply easily from the bank . all you have to do is to keep your gold with the bank as the collateral security.  Gold must be present in the form of ornaments, which means that no gold biscuits or coins are accepted.

Ujjivan Small Finance Bank Gold Loan Interest Rates:

7.10% is the minimum annual rate of interest you can expect on gold loans. If you calculate the monthly interest rate will come less than 1%. Thus, making it the lowest interest rate loaning scheme. Also, it comes with foreclosure facility meaning you can close your Loan before time and skip the pending Emi’s and their respective interest rate amount. The foreclosure charges range from 0-3% of the total loan amount.

Eligibility criteria  Ujjivan Small Finance Bank Gold Loan:

  1. The age of the applicant should be more than 18 years.
  2. Also, the maximum period of the applicant can be 65 years.
  3. Furthermore, the applicant must be a citizen of India.
  4. Beside that applicant should have gold more than 10 grams.

Documentation required for Ujjivan Small Finance Bank Gold Loan:

  1. Residence proof: Firstly,the documents required for the residence proof includes:(passport/ID card/ Voter card/ aadhar card/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
  2. Identity proof: After that, verification documents especially require one among the following:( passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them..
  3. Two colored passport size photos:Furthermore, (Applicants should not wear any glasses)
  4. Signature Proof : In addition to, Passport Copy/Driving License/Banker’s verification/cheque.

Why should one choose Ujjivan Small Finance Bank Gold Loan?

  1. You can apply the gold loan for a short period of the time generally from 6 to 12 months.
  2. Gold loan is the best Loan option for all of the unfortunate credit individuals.
  3. Available at low-interest rates.
  4. You need to pay the interest rate, and no EMI’s are involved.

Advantages of  taking Ujjivan Small Finance Bank Gold Loan:

  1. You get 100% Safety & Security of your collateral gold material
  2. It requires Simple documentation, and it is fast processing gold loan
  3. The rate of interest is payable only if the amount of overdraft that you use.
  4. Overdraft limit varies depending on the current situation of the scale of gold in the market.
  5. You can close your Loan before time and save a few bucks.

How to apply on magic loans.in?

  1. Search for magicloans.in on Google.
  2. First of all, a form will open up.
  3. After that, fill the way with the required information.
  4. Besides, you will get information furthermore from us.