Gold Loan Malkangiri

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Gold Loan  is a secured loan where a customer pledges his gold as a security to the bank and get the required amount of credit. In this service, you have to give some amount of interest to the bank along with the principal amount. Furthermore, The moment you return your loan you will get your pledged gold back and the bank is entirely responsible for the security of the gold.

Why one should choose Gold Loan Malkangiri?

First of all, the processing time of Gold Loan is short.

After that, you don’t need to worry about your credit score.

Furthermore, Your Gold will be used as collateral security.

Interest rate is low when you apply for a Gold loan.

Interest Rates Gold Loan Malkangiri

Gold Loan is a service that provides to a borrower with cash at the best rate of interest. It is quite less and reasonable. On average it starts at 10.75% per annum and can go up to 24% p.a. Different Banks and NBFC’s provides different interest rate.

To know more about: Gold Loan Interest rate

Eligibility Criteria for Gold Loan Malkangiri

Age Minimum:18 year
Maximum (at loan maturity): 70 year
Gold requirements Minimum 10 gram of gold
Loan Amount Minimum: Rs 15,000
Maximum: No Limit
Citizenship Indian
Employment Status Salaried

Documents Required for Gold Loan Malkangiri

However, the process of documentation in a gold loan is very easy and simple, but, still, certain documents are required to get a gold loan.

Application Form for Gold Loans which should be duly filled up by the applicant.

Two copies of Photographs of the borrower.

Proof of Identity of the borrower PAN Card or Aadhar Card Copy.

Proof of Address of the Borrower.

Features of Gold Loan Malkangiri

  1. Great Availability: Loan against gold is a secured service. Therefore the processing of this Loan is quick as the bank is mostly concerned with the quality and weight of the gold.
  2. Low Rate of Interest: In contrast to services like personal loans, the gold loan has the least interest rate as banks keep security against the Loan.
  3. Negligible foreclosure charges: Generally, banks do not have any prepayment charges, but some banks can charge a penalty of just 1%.
  4. Safety of Ornaments: The ornaments are more secure with the banks due to the strict security In the banking institutions, which is quite less at homes.
  5. No qualification of Credit Score: As this is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
  6. Income-proof not required: The salary of an applicant is not an issue for availing a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
  7. No loan processing charges: Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
  8. Flexible tenure: In addition to other advantages,  the applicant can choose the tenure of the Loan according to their requirements and needs.
  9. Only payment of interest: The applicant has the option to pay the principal amount at the end of the tenure and only the interest every month.

Gold Loan Malkangiri Procedure

First of all, the loan applicant needs to visit

After that, the applicant fills the application with the required information.

But the applicant should fill the contact number.

After that, 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 Gold is not accepted.

Furthermore, gold coins that weigh less than 50 Grams are easily accepted.

Why Bestloandeal is the right option to get a Gold Loan?

First of all, 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.

Furthermore, we provide the document pickup facility from your doorstep.

Finally, you will get the best rates.

About Malkangiri

Malkangiri is a district of the Odisha state, India. It is an easy and time-saving process to take Gold Loan only when you apply through

Leading Gold Loan Providers
HDFC Gold Loan ICICI Gold Loan Muthoot Gold Loan Manappuram Gold Loan
Axis Bank Gold Loan SBI Gold Loan Yes Bank Gold Loan PNB Gold Loan