About Gold Loan Miyapur
Gold is a liquid asset that is accepted universally due to its unique qualities. People generally regard it as their savings, but forget that they can use it by mortgaging it to Banks and NBFCs during a financial crisis. It is offered at a much lower interest rate as compared to the other loans.
Read More – About Gold Loan
What is Gold Loan?
A Gold Loan can be taken when a person is facing a financial crisis or any other emergencies. Several banks and NBFCs offer it at a low-interest rate. The best part of taking a Gold Loan from Miyapur is that less documentation is required. The Bank even welcomes individuals with low CIBIL Scores.
Know More – What is CIBIL Score?
Gold Loan Miyapur Interest Rate
- The interest rate for a Gold loan is 10.70%.
- Gold Loan Miyapur is offered at a low processing fee of 0.85%.
- Additionally, Pre-closer charges range from 0-2%.
- Tenure of borrowing is a minimum of six months and a maximum of five years.
- Lastly, the amount that a borrower can obtain is 1000 INR to 1 crore INR.
Read more about- Gold Loan Interest Rate
Features of Gold Loan Miyapur
- No tedious and lengthy documentation is required in the case of gold loans.
- Credit Score is not taken into consideration.
- Any gold kept as collateral is kept safe in lockers, so you don’t need to worry about the safety.
- The applicant has the option to only pay the interest during the entire tenure of Gold Loan Miyapur.
- There are no income and salary criteria. This service does not require the applicant’s income cheque.
- Some lenders do not impose any pre-payment charges. However, some banks do charge a pre-payment penalty of 1%.
Gold Loan Miyapur Eligibility criteria
- The applicant should be an Indian citizen.
- The applicant should be above 18 years of age.
- The applicant must possess gold in an appropriate form.
- The Gold quality should be 18 karats to 22 karats.
Required Document for Gold Loan Miyapur
- Identity Proof: Ration card / Voter ID/ Aadhar card / Valid Passport.
- Signature Proof: Banker’s verification / Passport Copy / Banker’s verification / Passport Copy / cheque.
- Residence Proof: Electricity Bill / Rental bill / Trade license / Shop & Est. License / Sales Tax certificate / Telephone Bill.
- Documents required for farmers: Land Proof and Income proof.
- Other: Two passport-sized coloured photographs.
Why Gold Loan Miyapur?
Since this is a question that comes into the mind of every individual who is looking for the perfect loan scheme, here are some benefits that you could avail:
- You can obtain an amount as low as 1000 INR and get a loan up to 1 crore INR.
- Convenient services.
- Your credit score is not a concern.
- Easy repayment and closer procedures are provided.
- It has simple documentation and fast processing.
How to apply for Gold Loan Miyapur?
Take the benefit of advanced technology and utilise it effortlessly. Here are the 3 simple steps you need to obtain a Gold Loan:
- Visit www.dialabank.com and to fill up the application form.
- The Relationship Manager will contact you for the confirmation of certain details. Afterwards, they will let you know the eligibility and other available offers according to your profile and will fix your appointment with a banker.
- Then, visit the bank just once (at the time of submission of gold) and leave with the sanctioned loan.
Know more about-Gold Loan From Top banks And NBFCs in India
Why Dialabank for online Gold Loan Miyapur?
- Firstly, dialabank.com offers a straightforward process of application of the gold loan.
- Secondly, the customer gets a good comparison of the interest rates of other banks as well.
- Furthermore, the company provides a hassle-free process for Gold Loan.
- Finally, you will get the best as well as the lowest interest rate as compared to others.
To know more click here- Gold Loans Near Me
About Miyapur
It is the busiest part of Hyderabad. To acquire a Gold Loan in Miyapur is uncomplicated and smooth only when you apply for a gold loan through Dialabank.
For more information, call us at 9592046860 or 60011600 with your city code.
Gold loan in other Cities
Gold Loan Mirzapur Gold Loan Mevli
Gold Loan Meerut Gold Loan Mawana
Gold Loan Mau Gold Loan Matiala
Gold Loan Mastipur Gold Loan Manpur
FAQs About Gold Loan
- How do Gold Loans work? Gold Loans are straightforward. Banks/NBFCs provide you with funds against your gold ornament. The amount depends upon the gold weight.
- Are Gold Loans secured? Yes, it is essential to note that gold loans come in the category of secured loans since applicants put their gold ornaments into bank lockers as security or collateral.
- What happens when you don’t repay a Gold Loan? If the borrower is unable to return the gold loan on time, then the bank is liable to sell his gold ornaments.
- Do I need a co-applicant to obtain a Gold Loan? No co-applicants are required for getting Gold Loans.
- Are Gold loans better than Personal loans? Yes, a Gold loan is better than personal Loan. In Gold Loans, banks/NBFC’s takes gold ornaments as well as gold coins as collateral, whereas Personal loans are unsecured and hence carry higher interest rates.
- What is the best online platform to avail gold loan? Dialabank is the best platform to get a loan. Dialabank provides you with a hassle-free process as well as the lowest interest rates in the market.
- Is there any fee payable for the Gold Loan? Yes, you have to pay the loan processing fee (non-refundable) as well as a valuation fee.
Gold Loan Interest Rate of Different Banks – Updated on 2020
Bank Gold Loan Rate
HDFC Bank 10.75%
Yes Bank 10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan 12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%