Gold loan interest rate

Find the Best Gold loan interest rate

About Gold loan interest rate

Gold loan interest rate also referred as a loan against gold, is a secured loan that a borrower takes from a lender in lieu of gold ornaments such as gold jewelry.

Gold loan interest rate Eligibility:-

The minimum age limit to apply for a Gold loan interest rate should be 21 years. Maximum age can go up to 60 years and 65 years at the time of loan maturity.

    Age of the Applicant 18 to 70 years
    Income Not applicable
    Work Experience for Salaried Not applicable
    Business Stability for Self Employed Not applicable
    Maximum Loan on Property Value Up to 90%
    Maximum EMI as percent of income Not applicable

Gold loan interest rate interest rates:-

Know Gold loan interest rate interest rates foreclosure charges & prepayment charges applicable in India

EMI:-

The Equated Monthly Instalment consists of the principal portion of the Gold loan interest rate interest rates and the interest.

Documents Required:-

You will need to submit the following documents to apply for a Gold loan interest rate

    Identity Proof Address Proof Proof of income Other documents Property Documents
    Voter Card Voter Card Last 2 months salary slip Documents related to running loans along with 6 months repayment bank statements Copy of complete chain documents of the property
    Aadhar Card Aadhar Card Last 6 months bank statement of salaried account -- Copy of Agreement to Sell
    Valid Passport Valid Passport Latest Form 16 / ITR -- Copy of the Allotment Letter / Buyer Agreement
    Driving License Letter from a recognized public authority or public servant verifying the identity and residence of the customer -- -- Copy of Receipt/(s) of payment/(s) made to the developer
    Photo Credit Card Latest Utility bill - - -
    Photo Identity card issued by Govt. body Rent agreement on stamp Paper -- -- --
    -- Bank Statements reflecting address of borrowers of any commercial nationalized bank Business Profile and Previous 3 years Income Tax returns -- --
    -- Credit Card Statement not older than 3 months Previous 3 years Profit/Loss and Balance Sheet -- --

Gold loan interest rate interest rates

    Muthoot Gold loan interest rate 12.00%
    SBI Gold loan interest rate 9.15%
    Manappuram Gold loan interest rate 12.00%
    HDFC Bank 10.50%
    ICICI Bank 10.00%
    Canara Bank 9.85%
    Andhra Bank 10.70%
    Axis Bank 9.75%
    PNB 10.05%

Comparison of Gold loan interest rate rates of all banks, HDFC Bank, Yes Bank, Andhra Bank, IndusInd Bank give the lowest Gold loan interest rate interest rates in the range of 10.50% to 11.5%.

Gold loan interest rate interest rates

Know More About Gold loan interest rate interest rates

Gold loan interest rates can be a viable option in a variety of circumstances. First, let’s define a Gold loan interest rate. Some loans are earmarked for a specific purchase. You buy a home with a mortgage loan, you purchase a car with an auto loan, and you pay for college with a student loan.

Gold loan interest rate can be used for just about anything. Some lenders want to know what you will do with the money they lend you, but as long as you’ve borrowed it for a responsible and legal reason, you can do what you want with it.

Generally, before sanctioning a Gold loan interest rate the lender considers several factors such as the loan amount you have applied for, your repayment capacity and possibly the company you are working with. Here are six ways how you can get a Gold loan interest rate at a lower interest rate.

Interest rates, expressed as Annual Percentage Rate , define the charges that are levied by a lender on availing a loan to the borrower. Interest rates are governed by the central bank based on the political and market situations in the country. Interest rates are different for different types of loans in India. The interest rates for Bank and educational loans are higher as they are unsecured loans without any asset as collateral. Whereas the interest rates on car and home loans are lesser in comparison as they are secured investments for the bank with an asset security to fall back on.

Our Associated Bank

We have associated with given bank list we also working other bank also

  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • IDBI Bank
  • IndusInd Bank
  • Bandhan Bank
  • State Bank of India
  • Union Bank of India
  • Punjab and Sind Bank
  • Bank of India