Bangalore is the IT (Information Technology) hub of India being commonly called as “IT capital of India” and “Silicon of India”. Bangalore, the state capital of Karnataka (Indian state), is a cosmopolitan city which reflects the modern India in terms of technology. The climate is pleasant throughout the year which makes it comfortable for living. The living standards are quite high here and the fact is reflected while you shop, dine or drink outside. The development in terms of information technology is so fast that many multinational corporate have established their headquarters in the city.
Having a rich IT environment, the city consequently has lead towards establishment of many quality educational institutes like IIM-B (Indian Institute of Management, Bangalore), NLSIU (National Law School of India University), IISc (Indian Institute of Science), NIMHANS (National Institute of Mental Health and Neurosciences), NID R&D campus (National Institute of Design), and many more.
Some of the loan against gold to look for in Bengaluru are: Kotak gold loan, HDFC gold loan, Axis gold loan, Muthoot gold loan, and gold loan Manappuram besides others. At loanbaba.com, you can know the best gold loan provider in Bangalore and gold loans interest rates in Bangalore.
As the banking industry is advancing fast, gold loan is getting common. It is a common practice in India that people keep gold jewelry and ornaments idle at their homes or bank lockers. On the other hand one can utilize the value of gold and get it materialized by availing loan against it without liquidating savings in term of gold jewelry and ornaments. The process is quite fast and easy.
All you need to do is just rush to your bank or any other bank which provides gold loan and get a valuation certificate of your jewelry. As soon as this happens, you will be sanctioned a loan after pledging the gold. The value of loan granted is generally up to 80% of the value of the gold.
Or to get over the hassle of visiting banks, apply with loanbaba.com online for loan against gold. It takes just a minute and involves one-page documentation only.
Accessible to more people: Bangalore gold loan can be availed without furnishing any salary slips, credit history (CIBIL score) and certificates. Hence, even a non-working, unemployed or self-employed individual can also avail the loan. The only eligibility is ownership of gold.
Less documentation: One can get gold loan in Bangalore by just providing basic KYC documents i.e. an identity card and an address proof.
Lower interest rates: The interest rates charged for gold loan online is quite low which ranges from 12% to 16%.
Repayment: The repayment of gold loan in Bangalore is quite easy as one can choose just to pay only interest portion every month while the rest amount can be paid in lump-sum afterwards.
Quick and easy processing: Once the process of verification and valuation of gold ornaments is over, the loan is processed and even disbursed in just a few hours of loan approval.