Gold Loan Wadrafnagar

Gold Loan at 1%* p.m.

Apply & Get Instant Money

If you want to get instant finance for all your dreams, then you can go for Gold Loan. Every family purchases it in festive seasons. It also signifies the status of an individual. In this, the loan available in the market is hassle-free. You can use the Gold Loan to fulfill your personal needs like educational, business, agriculture, or to get over the financial crises.


Why one should choose Gold Loan Wadrafnagar?

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 Wadrafnagar

  1. 10.70% is the minimum annual interest rate you can expect on these loans.
  2.  Therefore, the monthly interest rate would end up being lower than 1%
  3. Also, you can foreclose your mortgage by paying the preclosure charges.
  4. By using this feature, you can get your collateral gold back before the tenure ends. The preclosure costs range from 0-3% of the total loan amount.
  5. The loan tenure period starts from 6 months and can last up to 5 years.

To know more about: Gold Loan Interest rate


Eligibility Criteria for Gold Loan Wadrafnagar

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 Wadrafnagar

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.

  • Identity Proof: first of all, one proof of identity is required. Anyone of the given proofs is accepted (Aadhar Card/Voters Card/Driving License/ Passport)
  • Residence Proof: After that, one proof of residence is also required to get a gold loan. It can be Aadhar Card, PAN Card, Ration Card etc.
  • Electricity Bill of the last three months with the name of the applicant
  • Telephone Bill of last three months with the name of the applicant
  • Passport Copy of applicant is also required.
  • In Addition to that, 2 passports sized colored photographs are also required to get a gold loan.
  • Proof of ownership of Land is required if you are applying for an agriculture gold loan.


Features of Gold Loan Wadrafnagar

  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 Wadrafnagar 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 Wadrafnagar

Wadrafnagar is one of the district Balrampur of Chhattisgarh state, India.  It is an easy and time-saving process to take Gold Loan only when you apply through

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