Documentation to Apply Gold Loan
With a Gold Loan, you can borrow money in a smooth and quick process via a gold loan in case of emergencies, when you need cash instantly. Gold loans are now gaining popularity as more people opt for them to finance education, vacations, and various personal purchases.
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A gold loan from YES BANK comes with a host of advantages when compared with other types of loans.
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Customers with less-than-perfect credit history can secure gold loans by pledging their gold jewellery with YES BANK.
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These loans follow an easy repayment schedule, which is structured between repaying the interest amount and the principal amount.
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This structure implies that borrowers can pay the principal in a lump sum at the end of the loan period and pay the regular interest amount in EMIs.
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The simple documentation adds to the growing appeal of gold loans for people from all strata of society.
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It is also a quick and easy option to borrow money that involves less paperwork than a traditional loan.
The documentation required for securing a gold loan from YES BANK is nominal, requiring just a few necessary proofs:
For Individual customers, the required documents are:
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2 Passport Size Photographs
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Proof of Identity
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KYC Documents e.g. PAN Card / Driving License / Passport / Voter ID Card / Aadhaar Card / Ration Card / National Rural Employment Guarantee Scheme (NREGA) Card
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Address Proof
Signature Proof
For Sole Proprietorship Concerns, the additional documents required are:
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Business Proof
As is evident, the documentation involved when applying for a gold loan from YES BANK is simple and straightforward. Not only do you get a hassle-free loan, but you also save on precious time. Apply for a gold loan from YES BANK today and receive the disbursed amount in no time.
