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How to Apply for a Gold Loan at Your Doorstep

by John Murphy - 20 Jun 2022, Monday 205 Views Like (0)
How to Apply for a Gold Loan at Your Doorstep

When you need a gold loan but don't have the time to visit a bank, many financial institutions offer doorstep gold loan services. You can apply for this loan over the phone and receive the approval instantly. Whether you're looking to purchase gold or refinance your existing loan, these services can help you get the money you need. Here are some of the benefits of applying for a gold loan at your doorstep.

  • Most gold loans come with a fixed interest rate and range from 7% to 29% p.a., depending on the amount and purity of the gold. The approved amount is 75% of the gold's value, and you can borrow up to 15 percent of its value if the amount is enough. Depending on your personal circumstances, the loan term can be anywhere from three months to four years.

  • One of the benefits of gold loan is that you can receive the funds in just a single day, which is great for tough situations, such as falling on hard times or an unexpected love affair. Plus, there is no processing fee or hidden charges. The loan can also be taken out in installments, allowing you to pay part of the loan before the other is due.

  • If you don't want to deal with the hassle of making payments, you can opt for a doorstep gold loan from Axis Bank. You need to fill out a gold loan application form. The service is quick and convenient, and the agents at the bank will come to your home and assess the gold you own. Once they're finished, they'll transfer the funds to your bank account. That way, you can pay off the loan as quickly as possible.

How to calculate gold loan interest

To know how to calculate gold loan interest, using an online gold loan calculator is a great option to help determine the monthly payments. Using a gold loan EMI calculator is easy and quick and can help you make informed financial decisions. You can input the loan amount, the rate of interest, and the length of time you need to pay the loan. By using a gold loan EMI calculator, you can quickly estimate how much you'll need to pay each month to own your precious metal. You can use the calculator as many times as you want, and it's free!

  • Another way to apply for a gold loan at your doorstep is by visiting your local branch. If you search for "gold loan near me," you'll get a list of nearby branches and choose the one that's closest to you. Then visit the department to complete the loan application process. This can take time, so you can't expect your gold loan to be approved the first time. 

  • Bajaj Finserv is one of the most popular online gold loan NBFC in India. Their gold loan services allow customers to apply for a gold loan from the comfort of their own homes. Their low-interest rates and fast loan disbursement make it an easy choice. Whether you're looking for a small loan to buy gold jewelry or a larger one to finance your business or purchase a gold investment, Bajaj Finserv can help you make the right decision.

Bajaj Finserv offers Gold Loan: 

Bajaj Finserv offers gold loans. These loans can be applied for on a single or joint basis. The interest rate for these loans depends on the gold jewels' valuation price. You should always consider these costs when applying for gold loans. The process of applying for a gold loan online can take several hours, but Bajaj Finserv can provide you with instant approval. You can also get your loan disbursed instantly.

Conclusion: 

Doorstep gold loans are fairly new, but it's catching on among customers. Bajaj Finserv, a gold loan NBFC, and asset-backed digital lending platform NBFC have launched doorstep gold loan services in several cities. In fact, NBFC is now offering doorstep gold loans in three more cities and plans to expand its footprint across 120 cities by the end of the year.