Gold Loan Shimla

Gold Loan Shimla at 1%*

Apply Now & Get Instant Approval

Why Gold Loan Shimla


Overcome your crises with the best possible option-Gold Loan. No need to wait so long or stand in a queue for the approval of your loan. Get instant approval and hassle free process. Available on simple documentation. So apply for gold loan Shimla and avail the best offers on your product.
 
What is Gold Loan?

The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments.. Many go for the fulfillment of their short term goal through gold loans, such as their child's education, marriage or other family problems. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.

 
About Shimla:

Shimla. also known as Simla is the capital of North Indian State of Himachal Pradesh. The name of the city is derived from the goddess Shyamala Devi, an incarnation of the Hindu goddess Kali. The fondness of the city has dated back since the British Rule when in 1864, the city was declared as the "Summer Capital of British India". Shimla is home to a number of buildings that are styled in the Tudorbethan and neo-Gothic architectures. The colonial architecture and churches, the temples and the natural beauty of the city attract a large number of tourists. The major attractions include the Viceroy Lodge, the Christ Church, the Jakhoo Temple, the Mall Road and the Ridge. The Kalka–Shimla Railway line built by the British, a UNESCO World Heritage Site, is also a major tourist attraction. Apart from this city serves as an important centre for various sports and cultural activities.

 
Advantages of taking Gold loan:-

  • Easy and Hassel-free Process
  • Approval in 30 minutes
  • Simple Documentation
  • Dedicated Assistance
  • No salary certificate or credit card history is required
  • Lowest Interest Rate

Interest Rate of Gold Loan


Interest Rate:

  • Generally gold loan is available at the interest rate of 11.5% to 14.5%
  • ROI for tenure less than 1 year is also available at 1%
  • Processing fees equals to 2000
  • Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot

Eligibility & Documents

Check Your Eligibility:

  • Age: 21 years and above
  • Profession: Anybody with Steady source of income including: Bank’s Employees, Pensioners
  • Documents

    • Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
    • Address proof(Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
    • Signature proof ( Passport/ PAN Card/Banker’s verification/ cheque).
    • 2 passport size photographs

    Know about the terms and conditions:

    • Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
    • foreclosure charges can be up to 1%.The minimum loan tenure is 6 Months.
    • So foreclosure charges after 6 months are 0.
    • Charges for late payment of loan Amount
    • 2% p.a. as penal interest over and above the applicable rate of interest.

* Interest rate can vary as per individual's portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with./span>
* The Organisation do not charge money from customers.