Checking Your Personal Loan Eligibility? Avail Gold Loans Instead
When you need funds for personal or business use, you can avail personal loans. They are multi-purpose loans that can be availed if you meet the personal loan eligibility criteria specified by the lender. You can use the personal loan eligibility checker to check whether you qualify on the eligibility criteria or not. If you don’t, the loan would not be sanctioned. There are pre-approved personal loans too but they usually come at a high-interest rate.
If you are looking for a loan which has a simple eligibility requirement, you can choose gold loans instead.
Gold Loans – The Concept
Gold loans are also multi-purpose loans which you can avail for your personal or business needs. The loans are granted against the value of the gold assets that you pledge for the loan. indiagold offers different types of gold loan schemes. Each scheme comes with simple eligibility criteria allowing you to avail funds in the easiest possible manner.
Gold Loan Eligibility Criteria
To avail a gold loan, the following eligibility parameters should be fulfilled –
- Age – you should be aged at least 18 years and above to avail the loan
- Gold assets – you should own gold ornaments or jewellery which you can pledge to get the loan
- Source of income – you should have a source of income so that you can repay the loan easily
Besides these simple eligibility requirements, gold loans do not require any other stringent qualifications. As such, you can avail gold loans with considerable ease and simplicity.
Availing Indiagold Gold Loan
IndiaGold offers you the facility of doorstep gold loan wherein you get loans right at your home. You just have to apply for the loan with IndiaGold and a loan officer visits your home and completes the loan application process. Here’s how you can avail a quick gold loan through IndiaGold –
- Make an application for the loan either by clicking on ‘Apply Now’ at IndiaGold’s website or by calling 1800 123 999 888
- After you contact IndiaGold, its loan advisor would get in touch with you and explain the gold loan schemes available
- Pick a scheme as per your requirement
- IndiaGold’s loan manager would, then, visit your home, weigh your gold, assess its purity and complete the loan application process
- The loan funds would be credited to your bank account within 30-40 minutes
- The gold would be packed and deposited in secured vaults for safekeeping
Benefits of IndiaGold’s Gold Loans
- High LTV
You can get loans up to 75% of the value of the gold that you pledge. IndiaGold, therefore, offers a high LTV ratio against your pledged assets.
- Safe custody of gold
The gold that you pledge is deposited in secured vaults so that it can be held in safe custody. There is also a free insurance cover on the pledged gold against damage and theft. Thus, your gold is 100% secured and stored safely.
The gold that you pledge is weighed in front of you. The packet in which the gold is packed is affixed with a GPS tracker so that you can track your gold any time when it is held in custody by IndiaGold.
- Easy availability
India gold has simple eligibility parameters which make the loan easy to avail. You simply have to request for the loan service and you get doorstep facility which makes applying for the loan convenient.
So, instead of qualifying on the stringent personal loan eligibility parameters opt for IndiaGold’s gold loans. They have simple eligibility requirements and you also get funds within the shortest possible time.