If you are living in Mumbai and you want a gold loan in HDFC Bank you can easily get the Gold Loan in Mumbai from HDFC Bank within a few minutes. All you need is gold and some documents. After that, you can get financial aid to start your new business, or you can fulfill any of your personal needs. Furthermore, the best thing about the gold loan is that it can be approved within a few minutes. You do not need to do formalities like you have to do in case of other loans like a personal loan or car loan. You can fill online form for the HDFC Gold Loan in Mumbai at lendingwale.com. On our site, you can easily get to know about the interest rate and the eligibility criteria as well. As we know that HDFC is on the reliable financial organization so there is no fear of fraud.
Why Gold Loan
Gold Loan is useful in many essences but most important is that your gold will be at the safest place. The bank takes full guaranty of your gold. Even if you want to put your gold in bank lockers safely and securely then you have to pay to the bank for it but bank provides you locker only not security. So it’s better to get a Gold Loan, you will get money and security at the same time. Bank will be responsible for any kind of miss happening. HDFC Gold Loan Mumbai is available at very fewer interest rates in many banks. So many nonbanking financial companies also provide you a Gold Loan, and very less paperwork is required to complete these formalities.
Forms of Gold Accepted For A Gold Loan
You need to have gold of purity 18 carats to 22 carats. It can be in any form given below
Gold jewelry is acceptable to get a gold loan in HDFC Bank.
Some banks accept gold coins also there are some terms and conditions applied.
Bank also accepts gold bricks while providing a gold loan to the customers.
What is not acceptable?
Most noteworthy gold coins are not accepted.
After that, the raw form of gold is also not accepted. But if you have other jewelry along with it then it would be acceptable.
Solo Mangalsutra is not accepted.
Why Only HDFC Gold Loan
Not every bank or financial organization in Mumbai provides a gold loan but there are some who do. Then why we should choose HDFC Gold Loan in Mumbai over them. There are some reasons for this. HDFC is offering gold loan under a scheme sampoorna bharosa. This is available in every branch of HDFC bank in Mumbai. HDFC Bank gold loan in Mumbai offers low EMI’s to the customers. The bank is ready to give you money against the gold ornaments pledged by you. Bank has the power to refuse your case if they don’t find it sound enough. The loan amount can be used for any personal purposes but the customer is completely restricted to use this loan to buy gold.
Features
1. HDFC is one of the reputed banks not only in India but overseas also. This is the best gold loan provider bank in India
2. Bank provides a very secure procedure to give a gold loan.
3. HDFC bank offers total transparency towards their customers.
4. Interest rates are low as compared to other banks. Interest rates are so rational that one can easily afford them.
5. Execution process for a gold loan is very fast.
6. Bank takes care of the needs of the farmers especially.
7. Besides this, the gold loan needs very fewer documents.
8. Although gold loan starts from Rs. 50000 it can be less than Rs. 50000 for rural areas.
Eligibility
There are some conditions that the applicant should fulfill to get a gold loan. These are written below
• First of all age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
• Applicant should have gold. But the purity of the gold should be 18 carats to 24 carats.
•Besides, that applicant should be a citizen of India.
Documentations
First of all The whole process is very easy and simple. Furthermore, documents required in the very simple form. You instantly get a gold loan after issuing the documents. 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.
• 2 passport size photos, a passport can also be considered as your identity 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). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
• Similarly 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 is also an ID proof.
• PAN card is the permanent account number that is provided to the customers and it prevents from the financial frauds. So it can also be an identity/residence proof. Pan card is very essential document under KYC (know your customer) formality.
• Ration card is also considered as a residence proof because it provides enough information about the applicant.
Interest Rates
•Most noteworthy interest rates given of HDFC Bank gold loan in Mumbai starts from 11% and these can be increased up to 15%.
• Furthermore, you can return your loan within 6 months to four years.
• Besides that, Gold loan processing fee – 0 to 0.5% of the sanctioned amount of gold loan. Bank would charge 2% penal charges over the original loan interest rate on the overdue amount.
• Prepayment charges – Nil to 1% of the principal amount
Why lendingwale.com
On lendingwale.com you can get all access to so many quires simultaneously. Therefore there is no need to go to different sites. Besides that, if you apply for the HDFC gold loan in Mumbai by lendingwale.com there is no need to go in banks. Your documents will be picked up from your doorstep. There can be a little more negotiation in interest rates.
About Mumbai
Mumbai is a city of Maharashtra. Its name was Bombay. The population of Mumbai is more than 1.90 Crores. It is also the Gateway of India. Mumbai is the heart of Bollywood film industry. It was founded in 1924.
Apply lendingwale.com
First of all, you can easily apply for an HDFC Gold Loan in Mumbai here free of cost. Certainly, your loan will approve within 10 minutes and loan will disburse within 45 minutes.
After filling an online form on ledingwale.com. You will get a call back from our side with all the required information. Furthermore, you can call on 60011600 for more information.