Oriental Bank of Commerce Gold Loan

Gold Loan at 1%* p.m.

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Oriental Bank of Commerce Gold Loan

Gold loan is also known as a loan against gold. Many banks provide a gold loan but Oriental Bank of Commerce gold loan is available at very low rate of interest. This is a public sector bank in India. It was founded on 19TH February 1943. Oriental Bank is ranked on 7th number in India. It provides so many financial products to the customers gold loan is one of them. Bank keeps your gold as a security and gives it back to you whenever you return the loan to the bank. Your gold will be kept under very tight security and the bank will be responsible for any kind of miss happening. The bank is registered under RBI and has a good reputation among people. So there is no risk of fraud.

 

 

What Is A Gold Loan

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. There is nothing to worry about even if you are not employed. The 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. 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.

 

 

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. Gold loan is available at very fewer interest rates in many banks. So many nonbanking financial companies also provide you with a Gold Loan, and very less paperwork is required to complete these formalities.

 

 

Eligibility criteria

• There are some conditions that the applicant should fulfill to get a gold loan. These are written below

• Age of the applicant should be more than 18 years.

• Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 22 karats.

• All the candidates who satisfy these eligibility criteria are eligible to get a gold loan.

 

 

Low-Interest Rates

• Interest rates offered by the bank to the customers are comparatively very low. It starts at 10.90%.

• It can be varied a little bit up and down. You can return the loan within 5 years.

 

 

Purpose

You can use the gold loan to fulfill your personal needs. You can start a new business by using the given amount of loan. Farmers can use the gold loan for the agricultural purposes. You can also use this amount of loan to get over the financial crises. This loan can also be used for educational purposes.

 

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 an 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. But the passport should not be expired.

• 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. But the condition is that it should not be expired.

• 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 is also considered as 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 a Gold Loan.

 

 

Apply on lendingwale.com For Quick Approval of Gold Loan

Why we are suggesting applying for the Oriental Bank Gold Loan by using lendingwale.com over other sites. Lendingwale.com knows the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them are given

• If you apply for the Gold Loan from lendingwale.com you will be entertained by so many benefits.

• You just have to fill the Oriental 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.

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 a few minutes with all the information. So Gold Loan is only one step away from you.

 

 

How to apply on lendingwale.com

Steps to apply

• Search for lendingwale.com on google.

• A form will open up.

• Fill the form with the required information.

• You will get further information.

• For more help, you can call on 60011600

 

 

 



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