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Posted on Friday June 19th, 2020

As all knows, India is the largest gold consumer in this world. Irrespective of what is happening with economy during this COVID-19 pandemic, gold purchases continues among Indian people. In our country, gold demand has increased by 600% over the last 20 years and the major reason for that is not just gold is precious metal but it is an important part of the culture of India. However gold rates are rising day by day but there lies an opportunity for ample amount of investments. One of the significant advantages of investing in gold is the ability to avail a gold loan and help you to fetch higher amounts during financial emergencies. It is easy to secure a gold loan as it is not affected by low credit score and you just need to have gold for this. ShubhBank is a seller of many financial products and our gold loan is the most leading product in lending market as you can get a Gold Loan from ShubhBank within few hours as well as in simple and easy way.

The loan amount sanctioned is generally a percentage of the market value of total gold you are going to pledge. The repayment options will be flexible and in the form of monthly installments. Once you repay the whole amount along with interest rate, gold is returned back to you. The attractive feature of this loan is that you do not have any restrictions on usage. ShubhBank also offers Online Gold Loan services which are way faster than offline one. Let’s have a quick look at loan features:

• It is made available at customer’s doorstep.
• Loan processing is completed within few hours.
• Completely digital processing convenient for both lender and borrower.
• Attractive interest rates that would be easy on your pockets.

Gold Loan from ShubhBank offers you competitive interest rates, zero processing fees, doorstep services as well as personalized support from loan executive. The most surprising fact to know is the ease with which this loan can be availed. It’s just a matter of few clicks if you Apply For Gold Loan Online. Avail it by getting to our website ShubhBank.com and fill out the loan application with uploading your KYC documents. After approval, loan quantum is transferred to borrower’s bank account. The advantages associated with online gold loan are listed below:

• Loan service at your doorstep.
• High LTV ratio.
• Flexible repayment modes.
• Affordable rate of interest.
• Supported by renowned banks.

However, there is always a threat of fraud with online platforms but ShubhBank is extremely safe and secure. Our financial institution ensures borrower’s personal information is encrypted and protected against any kind of cyber fraud. We implement security audits and strategies to safeguard the customer’s data. If you are planning for a gold loan these days, apply a gold loan at ShubhBank and enjoy financial freedom and start your loan journey to fulfill your needs as well as to overcome your financial crisis by pledging your yellow metal with our organization.

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Posted on Friday June 12th, 2020

Gold is a precious commodity held by most of the Indians as a valuable asset in the form of jewelry and bars as it can be utilized to avail funds to support emergency cash requirements. Among many financial institutions, ShubhBank has identified the emerging financial needs of clients and to support their livelihood in view of the current turmoil of COVID-19 outbreak. We have set up a gold loan at ShubhBank, a product backed by gold jewelry as collateral in order to address the needs of people and to provide them hassle free credit. In recent times, traders and businessmen will seek a gold loan to resume business operations amid lockdown as the loan money is mostly used by small enterprises as short-term working capital.

The gold loan provides required funds for most of the small scale industries as they have not received any payments during the lockdown. Hence, they will need money and most likely to pledge gold for loans. Due to some relaxation in lockdown guidelines, ShubhBank being located outside COVID-19 hotspots have started functioning and witnessing the demand of Online Gold Loan at higher level in Northern India. However some customers are choosing to sell the metal to take advantage of unprecedented prices but demand for gold loans may rise in the lockdown as the risk profile of borrowers deteriorate. A gold loan from ShubhBank is uniquely positioned to capitalize on COVID lockdown demand especially for small business clients as many families have seen either a slowdown in cash flow or loss in business. This loan is most feasible and least risky choice to raise funds to keep the production unit and household ticking.

Our bank can provide quick finance to customers against pledged gold and quantum of loan can be sanctioned depending upon the factors such as purity of gold, tenure etc. The loan quantum also depends upon the form of gold either bars or jewelry and the repayment capacity of applicant. Coins and bars generally offer higher LTV ratio as compared to gold ornaments. When you Apply For Gold Loan your metal is evaluated and after valuation, 70-80% of the value of gold is offered to you along with applicable rate of interest. You can apply the loan online or by visiting our branch. You have to provide PAN, recent passport sized photographs, identity proof and address proof with loan application. A loan processing fee will be charged on it. In case, you default on loan, the lender has right to sell your gold to recover the dues as per the terms of loan agreement. Some useful points to be noted while you avail a gold loan are given below:

• Loan against gold at ShubhBank can be disbursed as quickly within 1-2 working days.
• This loan typically has tenure of 12-18 months depending upon loan money.
• Gold deposited by the borrower is kept in the safety vault in locker room of bank.
• When the loan is repaid, your valuable asset is returned to you in the same state as it was received.