Dialabank: Applying For Gold Loan Online VS Gold Loan Offline

Saturday, August 1, 2020

Applying For Gold Loan Online VS Gold Loan Offline

Gold is no more just a form of jewellery. With the advent of gold loans in the finance sector, there has been a revolution in the lending and borrowing process. Indian households have a substantial amount of gold accumulated. Gold is considered auspicious and has a lot of cultural significance among Indians. Thus, gold can be used as a backup to meet immediate financial requirements. It is the quickest and easiest way to avail gold loan against the gold articles (gold coins, ornaments, etc.).

Gold loan is a secured and profitable option for consumers possessing gold reserves. These loans are provided by the banks and Non-banking Financial Companies (NBFCs) for letting the consumers meet their immediate financial requirements. Gold loan and its easy-to-apply process make it a potential option to consider during a cash crunch. The process is extremely simple. You can either apply for the loan online from the comfort of your home or you can visit the bank for an availing loan.

Applying For Gold Loan Online

Step 1: Visit the desired bank or NBFCs website. For instance, if you are thinking of applying for a gold loan from HDFC gold loan. Then visit the HDFC bank official website.

Step 2: Go to the loans tab and click on Gold loan. You will be asked to mention your name, city where you are currently residing,date of birth, mobile number, amount you want to borrow, tenure, etc. view offers.

Step 3: Verify the mobile number and then view the offers.

Once all the details are filled in, the bank's representative will contact you to process the gold loan.

Applying for Gold Loan Offline

Here is the good news, you just need your KYC Documents to avail of the gold loan amount. Visit your bank or lending company with the pledged gold and your KYC documents. Document needed to apply for a gold loan :

Identity proof