Money matters are risky, one stupid move and you’d see all zeroes in your account. If this doesn’t scare you enough to be careful with it, then maybe you need to do some responsibility check on yourself. The internet is a weird place, you search for a pin and you might end up finding an entire city of steel.
It is very easy to be lost into links and webpages. With a large chunk of information available on one click, it can be a challenging task to bifurcate legitimate information form the bogus ones.
You want a quick gold loan but all the banks are closed due to the pandemic, the only option you have is to apply for it online. The IDBI bank gold loan applications are available along with other bank’s applications too. Your mother gasps to this thought of trusting a computer with money. Your father doesn’t necessarily expect you to be responsible for gold.
Just to rescue you and the entire youth who has been overlooked as ‘kids’ we bring to you a guide on how to apply for a gold loan online. You can do this!
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Compare policies:
Just like you compare reviews and features before buying a smartphone, do the same when it comes to banks. Various banks have varying policies when it comes to loans, see which one suits your situation, and then dive in accordingly. Indeed, gold loans don’t need a CIBIL code but if you want to keep yours intact, search for a scheme that isn’t draining all your income. The gold loan per gram interest rates can be ever-fluctuating and a little harsh on you.
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Get those pictures uploading:
Online forms require documents too, that are supposed to be uploaded online. Make sure that you scan the documents and then upload them. The room should be well lit and the documents should be on a white surface just to avoid any contrasts later. Just for the safer side, save a copy of those in your cloud/drive and laptops too.
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Filling various online forms:
This shouldn’t be told but even before you fill your forms, sit with all the documents you need. All your address proofs, maybe an income proof, gold receipt, etc. Filling forms can be tedious and confusing, so it is better if you sit with your entire family (or the ones which are important enough) so you don’t miss out on any details!
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All’s well when End’s well:
After ticking every box carefully and editing all your pictures according to required pixels, you’ll receive a phone call/SMS/mail stating that a representative will pay a visit at your house to check the reality of your situation and authenticity of all your claims. After which, you’d have your estimated fortune against the gold you pledge!
That’s all we think you need to know when it comes to applying for gold loans online. We hope that this blog has sufficed you enough, do give our other blogs a read too.
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