123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Andhra Bank Gold Loan

By Author: Nikhil Chawla
Total Articles: 1

Andhra Bank Gold Loan
Gold ornaments have always held a precious space in our homes. With its value being so high there is always afraid of it being stolen, thus it is time to put your gold to work. You can avail gold loans and use that money to invest.
Who can apply for Andhra Bank Gold Loan?
The applicant must be an Indian who is also a citizen of the nation. Also his age should not be less than 18 years. It is not necessary for the applicant to be an employee or self-employed, even a housewife or a student is also eligible for gold loans. The quality of the gold should lie between 18-22 carats with the weight should not be less than 10 grams.
Documentation required for Andhra Bank Gold Loan
Documentation is needed to be done to verify the details, identification and other information of the applicant. These documents include Driver’s License/ Passport/ Voter Card/ Aadhar Card/ Ration Card etc. Along with this, three passport size photographs are also required.
Features of Andhra Bank Gold Loan
To begin with gold loans are being provided by Andhra Bank. One of the biggest feature being that the interest at which they offer is at 12.90% per annum which is relatively cheaper than the personal loan.
These are provided even when there is no salary or income to show by the applicant and also can be accessed with a bad credit history.
Andhra Bank Gold Loan provides the facility in which the applicant can pay the interest rate only for its EMIs and can pay off the principal amount once the tenure of the loan is over. Also the processing fee is very minimal to up to 2%.
The loan is disbursed under 30 minutes which is relatively quick. Along with that with Andhra bank you can get loan up to 80% of the pledged amount.
There are no pre closure charges involved. For example you want to deposit the entire loan amount before the loan tenure ends, you can do so and you wouldn’t have to pay any extra amount for that.
Andhra Bank Gold Loan Calculator
With this facility, the customer can have access to the interest rate on the required amount for the given tenure. With the help of this feature, the customer can have an idea about the total interest rate, the amount of Loan that the applicant has to pay eventually and other calculation.This helps him to decide the amount of Loan and the tenure of the Loan.

Total Views: 20Word Count: 412See All articles From Author

Investing / Finance Articles

1. Top Dos & Don'ts Of Real Estate Investing
Author: Athena Paquette

2. 5 Ways To Get The Best Deals Using Apps
Author: ShashankBhaskar

3. Everything You Need To Know About Rtgs
Author: nishantdhar

4. Types Of Loans Offered In The Indian Market
Author: Finway Capital

5. Benefits Of Unsecured Loans
Author: Finway Capital

6. Faqs About Transferring Funds From India To A Bank Account Abroad
Author: Rishank Rautela

7. Gilt Funds And Benefits From Rbi
Author: nishantdhar

8. Automated Trading Strategies For Tradestation
Author: Jack Hamilton

9. Is It Possible To Improve Credit Score In 30 Days?
Author: Martin King

10. Steps Involved During Process Of Company Incorporation In Singapore
Author: Singapore Incorporation

11. Find Top-most Business Registration Agencies In Malaysia For All Corporate Services
Author: John Smith

12. Ways To Avoid The Most Common Loan Application Mistakes
Author: Jessey Rose

13. File Gst Returns Online In India@99
Author: advise

14. What Is Demat Account
Author: Rakesh Sharma

15. Non-profit Organisation: Income Tax Exemption Benefits
Author: Akshaya Patra

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: