Gold Loan Mangrol

Gold Loan at 1%* p.m.

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Gold Loan Mangrol is one of the best way to disappear your all financial problems, Gold loan help you to achieve short  term targets, this is one of the most used loans in the market, all you need to do just mortgage your gold asset with bank and in exchange bank will provide you liquid money, which is helpful for day to day expenses, medical expenses, higher education etc.

Why Gold Loan Mangrol

  • Firstly it is a multipurpose loan, can be used anywhere.
  • Moreover, easy EMIs offer.
  • After that, it can be disbursal within 30 minutes.
  • Besides that, it is highly secured loan.
  • Also, you can avail loan up to 10 Lakhs.

Gold Loan Mangrol Interest Rates

Generally, Gold loan is available at a low rate of interest because it is highly secured, so the interest rates of gold loan are pretty lesser than other types of loan such as Personal loan. The interest rate of gold loan is around 11.5- 14.5% per annum, or 1% Per month.

Gold Loan Mangrol Eligibility

  1. Firstly, age must be higher than 18 years.
  2. Secondly, the customer has citizen of India.
  3. Gold should be an appropriate form like jewelry, ornaments (Gold biscuit are not acceptable).
  4. Also, the quality of Gold is between 18- 22 carat.

Gold Loan Mangrol Documentation

  1. Firstly, ID proof: Driving License / Aadhar card/ Passport Copy/ Voter card.
  2. Residence proof: Aadhar card/ Ration card/ Rental bill/Electricity bill/ Passport / Sales Tax certificate /Trade license.
  3. Along with, signature Proof: Banker’s verification/ Driving License/ Passport Copy/ cheque.
  4. Apart from this, 2 colored  passport size snaps.
  5. Lastly, income Proof: Form 16 and salary certification.

Features

  • Firstly, Gold Loan can be disbursal within 30 minutes.
  • The second thing is, simple, fast and easy method, no complicated process.
  • Mostly, low rate of interest (1 % PM).
  • After that, any time liquidity.
  • Lastly, no CIBIL score matter.

FAQs About Gold Loan Mangrol

How does  Gold Loan work?

 Loan on gold is very simple to understand. The Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.

 Is Gold Loan a secured?

Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.

What happens when you will not 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 jewelery/ornaments.

To get a gold loan do I need a co-applicant?

 No, there is no need of a co applicant

Is Gold loan better than a Personal loan?

Yes, a Gold loan is much better than personal Loan because in Gold Loan banks and other financial institutions takes Gold ornament/jewelery as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.

What is the best online platform to avail gold loan?

Best Loan Deal is the best platform to get a loan. Best Loan Deal provides you hassle free process as well as the attractive interest rate in the market as compared to others.

Is there any fee payable for the Gold Loan?

Yes, you have to pay the loan processing fee, pre closure charges (non-refundable) as well as Valuation fee.

About Mangrol

Mangrol is a town and a minor port in Junagadh district in the state of Gujarat, western India. It was formerly the seat of the princely state of Mangrol.