Easy way to file your gold loan application online

by Mohit Saxena Apply and Get Instant Personal Loan Approval

Gone are the days when you need to visit a bank branch physically to submit your gold loan application. With the advancement of technology and the availability of Fintech organizations, one can easily apply for the gold loans online or offline on their preferred lender's website according to their convenience. Make sure you meet the desired eligibility criteria of the lender to boost your loan approval chances.

Online Gold loans application process

If you want to eliminate the hassles of visiting your lender's branch, you can easily file your application online either through your lender's official website or a Fintech portal. Here is the general process that you need to perform to file your gold loan application online-

• Firstly, check your eligibility to know whether you are eligible to get a gold loan or not. You can make use of a Gold Loan EMI calculator to calculate your loan EMIs and know your affordability towards the gold loan.

• Secondly, after checking your eligibility, you need to fill the gold loan application form by filling the basic details such as your full name, email address, mobile number, current residence PIN Code, required loan amount, etc.

• After filling the basic details form, your documents and gold ornaments will be verified.

• Post verification of the documents and the gold pledged, your loan amount will get directly disbursed in your bank account.

Benefits of applying for a Gold Loan online

There are many advantages that one can avail of if he/she avails of a gold loan online.

1. Reduces the need to visit the lender's bank branch

2. You can avail of the instant funds if you meet the eligibility criteria

3. You can avoid the hassles of carrying lots of paperwork and documents

4. You will need to submit a minimal set of documents

5. The turnaround time for a loan will be comparatively lesser

Conclusion

When it comes to applying for gold loans, online mode is the best as it makes the whole process of gold loan application very swift. What you need to do is just check your gold loan eligibility and then fill a form and you are ready to receive the funds straight in your bank account within less time. Make sure you do not forget to cross-check and compare the rate of interest across lenders to get the sweeter deal on gold loans.