Welcome

  • +91-9537-124 124

    care.f@livanity.com

  • A-504, Rajnigandha Apartment

    VADODARA-390021,GUJARAT,India.

pscDiv1Img1.jpg

Gold loan transfer is the process of moving your existing gold loan from one lender to another, in order to get better terms and benefits.

Gold Loan Balance Transfer

In India, a Gold Loan Balance Transfer refers to the process of transferring an existing gold loan from one lender to another.

This is typically done to take advantage of better terms, lower interest rates, or improved services offered by another financial institution.

Get a Quote

Gold Loan Balance Transfer-

For an Inquiry

Occupation
Nature of Loan
pscDiv2Img1.jpg

Following are the procedure steps:

1. Research and Comparison:

Start by researching different lenders who offer gold loans and comparing their interest rates, terms, and conditions. Look for lenders who offer better terms than your current lender.

2. Application:

Once you've identified a potential new lender, you'll need to apply for a balance transfer. This usually involves filling out an application form provided by the new lender. You may need to provide details of your existing gold loan, including the outstanding amount, interest rate, and collateral details.

3. Verification of Collateral:

The new lender will then verify the details provided in your application, including assessing the value of the gold being used as collateral for the loan.

They may require you to bring in the gold ornaments for appraisal.

4. Approval:

If the new lender finds your application satisfactory and the collateral meets their requirements, they'll approve the balance transfer.

5. Settlement:

The new lender will settle the outstanding amount of your existing gold loan with your previous lender. This may involve paying off the remaining balance directly to the old lender.

6. Documentation:

You'll need to complete the necessary documentation for the new gold loan with the new lender. This will include signing a new loan agreement outlining the terms and conditions of the transferred gold loan, including the interest rate, repayment schedule, and any other applicable fees.

7. Repayment:

Once the balance transfer is complete, you'll start repaying the transferred gold loan to the new lender as per the agreed-upon terms.

Why choose Livanity for Gold Loan Balance Transfer?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For Gold Loan Balance Transfer, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for you to apply for a Gold Loan Balance Transferat Livanity:

Fast assistance:

At Livanity, you can contact us at any official working hours of the day.

Customer needs in forefront:

Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking loan offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online:

With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support:

Our customer support team is fast and efficient to clear all your doubts regarding loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

Copyrights © 2020 All Rights Reserved. Powered by Livanity Financial Services