When we do not have money at the time of need, we turn to our relatives and banks, but there is another way to take a loan, which we call gold loan. If you need cash in emergency then there is no better option than gold loan. At present, many banks and NBFCs in the financial market offer gold loans with very easy paperwork and low interest rates. In such a situation, the name of a company has emerged very fast nowadays, that is AUGMONT- GOLD FOR ALL. This is a company from which you can also take a gold loan online or through the app with a single click. What are the features of AUGMONT Gold Loan and how can you get a Gold Loan from here? Here we are going to tell you here.
Features of Gold Loan
First of all let us have a look at the merits of gold. Gold loan is a better option in case of emergency need of money. The paperwork on loan against gold is very less. The interest rate on gold loan is also very low as compared to other loans. In this, the loan amount is based on the purity, market value of the gold. Loan is available on jewelery of 18 carat and above purity. In this, not only gold coins or bars, loan will be available only on jewellery. Under this, the loan is calculated on the basis of per gram of gold. The special thing is that no credit score is required for gold loan. Apart from this, there is no need to specify the purpose of using the money. Many banks and NBFCs offer loan against gold. Many banks and companies also offer online gold loans.
Gold Loan Facility from Augmont
Online and doorstep gold loan service is available at AUGMONT. The company provides one click application facility on its website/App. For this, only ID card is required along with residential proof. The loan amount gets repaid within just 1 hour of application. The facility of monthly, two-month or half yearly EMI payments is also available in the gold loan facility availed from AUGMONT. There is only a 100% processing fee to be paid on the gold loan taken from Augmont. There is no prepayment penalty with very low interest rate. There is no hidden charge and it is completely transparent. There is no risk of jewelery being stolen or swapped. Taking a Gold Loan from Augmont will keep your gold safe in the IDBI Trusteeship Services vault.
Keep these things in mind while taking gold
Before taking a gold loan, check the rates of many banks / NBFCs. Also find out if there is any hidden charge in it. Also inquire about pre-payment, processing fee and re-payment charges. Be aware of jewelery swapping and other risks while taking a gold loan. Let us also tell you that the lender has the right to sell the gold if the loan is not repaid on time.
Features of AUGMONT Gold Loan
AUGMONT is in Gold Loan business since many years. In this, you get many gold products together under one roof. Provides door step service facility for gold loan. You get the loan amount disbursed in just 1 hour of application in Augmont. There is also the facility of monthly, two-month or half yearly EMI payments. AUGMONT has several Gold Loan schemes. Out of which you can choose according to your need.
HOW TO GET GOLD LOAN FROM AUGMONT
In this, along with new loans, there is also the facility of loan transfer from another company. To take a gold loan from AUGMONT, you can visit its gold loan branch. The company provides online and doorstep service. You can also take top up on old gold loan under the schemes of AUGMONT. You can also check the complete details of your loan on the website.
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Door Step Gold Loan Facility from AUGMONT
AUGMONT door step loan facility is quite handy. On applying for this facility, the company’s Gold Manager will come to your home. Will check and weigh the gold at your home. KYC documents are also checked at home. The document will be uploaded on the system from your home and the loan will be disbursed within 1 hour of approval from the head office.
What is the option of repayment
There are 3 options available for gold loan repayment taken from AUGMONT. In the first option, you can pay interest on the gold loan. There is also the option of part payment or lump sum payment. A lump sum payment has to be made as closure amount. Online payment can be done from the website of AUGMONT. Apart from this, payment can be made through Internet Banking, Debit Card, UPI.
Future of gold loan market in the country
The organized sector accounts for 40% of the gold loan market in India. At the same time, 60% of the market is still un-organised. Last year 6 lakh crore gold loan was taken in the country. The gold loan market is expanding rapidly in the country. Keeping this in mind, AUGMONT plans to expand its business across the country.
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