Indian Overseas Bank Gold Loan

Gold Loan at 1%* p.m.

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Indian Overseas Bank 

Indian Overseas Bank is also known as IOB. It is a public sector bank and it is founded on 10 February 1937. This bank has been serving people for 81 years. M. Ct. M. Chidambaram Chettyar was the founder of this bank. Bank caters customers with its good financial services and products like loans, credit cards, and savings etc. Bank doesn’t limit its services only in India, it serves people in other countries as well. Gold loan is a type of loan provided by the bank to the customers.

Indian overseas bank gold loan is very quickly disbursed. A customer can get a gold loan within a few minutes. Unlike other loans gold loan requires very less documentation process. The process is hassle-free, there is no need to go bank. You can easily apply for Indian Overseas Bank Gold Loan. Bank will be responsible for the security of your gold completely. The bank is very old and well reputed so there is no risk of fraud. You can easily trust the policies of the bank.

 

What Is A Gold Loan

Indian overseas bank gold loan is financial product provided by the banks to its customers. In this type of loan, you can have a loan against your gold jewelry. So there is nothing to worry about even if you are not employed. The Indian Overseas Bank gold loan doesn’t require the customer to be salaried or self-employed. Anybody can have a gold loan if he/she has gold of given purity. Indian Overseas Bank will take care of all the gold/jewelry and it will return back to you whenever you will pay back that particular amount of loan with interest to the bank.

 

Low-Interest Rates

Interest rates offered by The Indian Overseas Bank gold loan to the customers are comparatively very low. It starts at 12% and can be up to 12.50%.
For amount, up to 3 Lakhs rate of interest is 12% and for an amount greater than 3 Lakhs it is 12.50%.
It is noteworthy that the rate of interest is fixed.
Besides that the amount of loan – 50000 to 10 Lakh.

 

Eligibility criteria

There are some conditions that the applicant should fulfill to get  The Indian Overseas Bank gold loan. These are written below
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/bricks. But the purity of the gold should be 20 karats to 22 karats.

 

Documents Required

First of all the process of documentation is very easy and simple. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Therefore everyone easily has these documents so there is no problem with the submission.

3 passport size photos

After that, a passport can be a proof of ID 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.

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.

Similarly, 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.

A signature proof is also required to get Indian Overseas Bank Gold Loan.

 

Why lendingwale.com Is a Good Platform to Apply for Gold Loan

Why we are suggesting applying for the Indian Overseas Bank Gold Loan by using lendingwale.com over other sites. The reason after that is lendingwale.com know the value of your precious time. Besides that You will get so many perks if you apply by using this site. Here are some of them :

If you apply for the gold loan from you will get so many benefits

You just have to fill the Indian Overseas Bank Gold Loan form and you will get a call from outside 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.

You don’t 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 minutes with all the information. So Gold Loan is only one step away from you.

 

How to apply on lendingwale.com

Steps to apply
First of all Search for Indian Overseas Bank Gold Loan on lendingwale.com .
After that, a form will open up.
Fill the form with the required information also.
Furthermore, you can get information on 60011600.



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