Corporation Bank Gold Loan

Gold Loan at 1%* p.m.

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Corporation Bank 

Corporation bank is a public sector banking company. Bank was founded on 12 March 1906. Corporation bank has launched RuPay Select and RuPay Platinum credit cards recently. Bank gives so many financial services to its customers like banking, credit cards, loans etc. is one of them. Besides that, the bank provides a gold loan also. And it is very popular because it is easily accessible and quickly disbursed among all the loans.

 

 

Gold Loan

It is a type of loan where you get a loan against your gold jewelry/gold coins or any other form of gold. You have to give your gold to the bank as a security and you will get a gold loan according to the value of your gold. You will have to give the prescribed amount to the bank in the form of interest and whenever you return back this amount to the bank you will get your gold back.

Most importantly, the bank takes full responsibility for your gold. Furthermore in this type of loan is a type of loan where you get a loan against your gold jewelry/gold coins or any other form of gold. You have to give your gold to the bank as a security and you will get a gold loan according to the value of your gold. Besides that, You will have to give the prescribed amount to the bank in the form of interest and whenever you return back this amount to the bank you will get your gold back. Hence the bank takes full responsibility for your gold.

 

 

Types of Corporation Bank Gold Loan

Corporation Bank provides a gold loan under three schemes
•First of all Jewel loans apart from agriculture.
•After that Mortgage of gold jewelry-this loan can be used to fulfill the business requirements of the applicant.
•An agriculture jewel loan-this loan can be used by farmers to fulfill their agricultural needs. Maximum Rs. 3 Lakhs can be provided to the customers under this scheme but only for 12 months.

 

 

Why Gold Loan Is Preferred

Gold Loan is preferred because it is quickly disbursed, easy to access. Another reason after that is that if you have gold in any form and you are not using this gold. Furthermore, if you want it to put safely in the bank. You to buy a locker in the bank and bank charged for this and the bank will not take its full responsibility. So it’s better to get the gold loan you will get money as the security of your gold at the same time and same place. What would be better than this?

 

 

Features of Corporation Bank Gold Loan

•First of all Interest rates are very low.
•Besides that the process is hassle-free.
•Less paperwork is required.
•Therefore one can get a maximum amount of loan according to the value of their gold.
•So the loan is sanctioned very transparently.

 

 

Purpose

You can use the gold loan to fulfill your personal needs. similarly, you can start a new business by using the given amount of loan. Furthermore, farmers can use the gold loan for the agricultural purposes. So you can also use this amount of loan to get over the financial crises. Furthermore, we can use this loan for educational purposes.

 

 

Eligibility criteria

•There are some conditions that the applicant should fulfill to get a gold loan. 
•First of all the age of the applicant should be more than 18 years.
•After that applicant should have gold in the form of coins/ jewelry. But the purity of the gold should be 18 karats to 22 karats.

 

Low-Interest Rates

•First of all interest rates offered by the bank to the customers are comparatively very low. It starts at 10.60% and can be up to 12.60%.
•After that, they can be varied a little bit up and down. Besides that, you can return the loan within 2 years.
•Furthermore, the amount of loan provided can be from 10 thousand to Rs. 2 Lakhs.

 

 

Documents Required

The process of documentation is very easy and simple. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents so there is no problem with the submission.
•3 passport size photos

• A passport can be used as ID proof because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. 
•Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Similarly, electricity and water bill for the last three months also, because these are the proofs that you are residing in that particular place.

•Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. 
•Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
•PAN card is the permanent account number that is provided to the customers and it prevents from the financial frauds. So it can be another identity/residence proof. Pan card is very essential document under KYC (know your customer) formality.

•Likewise, Ration card is also a residence proof because it provides enough information about the applicant.
•A signature proof is also required to get a Gold Loan.

 

 

Apply on lendingwale.com for Quick Approval of Gold Loan

Why we are suggesting applying for the Corporation Bank Gold Loan by using lendingwale.com over other sites. The reason after that is lendingwale.com knows the value of your precious time. You will get so many perks certainly if you apply by using this site. Which are :

•Besides that, if you apply for the Gold Loan from lendingwale.com you will be entertained by so many benefits.
•Hence you just have to fill the Corporation Bank Gold Loan form and you will get a call from our side automatically.

•Besides that, you may get some more concessions on the interest rates.

•Therefore there is no need to go to the bank.

•Even more, documents pick up facility from your doorstep is available.

•Therefore there is no need to go here and there to ask for interest rate or to get to know about EMI ’s. All you need is to apply on lendingwale.com and you will get back a call back within a few minutes with all the information. So Gold Loan is only one step away from you.

 

 

How to apply on lendingwale.com

•First of all search for lendingwale.com on google.

•A form will open up.

•After that fill the form with the required information.

•You will get further information here.

•Furthermore, you can also call on 60011600 to apply.




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