Gold Loan

Manappuram Gold Loan

Manappuram Gold Loan offers a host of gold loan schemes depending on your needs and financial capability.

Benefits/Key Highlights:

• You can avail gold loans from a wide variety of schemes.
• You can avail higher loan amount depending on the purity and net weight of the gold pledged.
• The borrower is not required to have a guarantor to avail this loan.

SBI Bank Gold Loan

SBI offers two types of gold loan – SBI Gold Loan and SBI Realty Gold Loan which you can use as per your requirements. You can apply for this gold loan both online and offline.

Benefits/Key Highlights:

• The lender offers two types of gold loans – Gold Loan, and Realty Gold Loan.
• The repayment tenures for Gold Loan and Liquid Gold Loan are up to 36 months.
• Individuals over the age of 18 years can apply for a gold loan from SBI.
• Joint Loan Facility: Gold loans from SBI can be availed by individuals on a single or joint basis.

Penalties/Internal Charges: Applicant will have to pay the applicable gold appraiser charges.

HDFC bank Gold Loan

You can avail a HDFC gold loan at attractive interest rates. The disbursal of the amount is quick and offers benefits such as overdraft facility.

Benefits/Key Highlights:

• Processing fee of 1% charged on the loan amount availed.
• Applicants have to submit minimal documents when applying for the loan.
• Loan processing and approval turnaround is extremely fast.
• OD, Term Loan, and Bullet repayment method available.

Penalties/Internal Charges:

• A valuation fee of Rs.250 for loans up to Rs.1.5 lakh and Rs.575 for loans over Rs.1.5 lakh will have to be paid.
• Foreclosure charges of 1% plus GST will have to be paid.
• Stamp duty charges and statutory charges will have to be paid.
• A renewal processing fee of Rs.350 plus GST is applicable.

Muthoot Finance Gold Loan

Muthoot Finance offers you a host of muthoot gold loan schemes which you can choose as per your financial requirements.

Benefits/Key Highlights:

• In house gold evaluation.
• Online application process.
• Special loan schemes for women.

Penalties/Internal Charges:

• Service charge applicable as per the gold loan scheme availed.

Axis bank Gold Loan

You can apply for Axis Bank gold loan. Your gold will be kept safely and the loan amount will be disbursed quickly. You can apply for a gold loan from Axis Bank online.

Benefits/Key Highlights

• The gold that is pledged by a borrower is kept in Axis Bank’s bank vaults.
• The loan amount is disbursed on the same day that the application is made.
• Customers can avail this gold loan from Axis Bank by pledging their gold coins and gold ornaments.

Penalties/Internal Charges:

• A valuation fee of Rs.500 is charged.
• A penal interest of 2% will be charged on a monthly basis on the overdue loan amount.
• Processing fee of 0.50% of the loan amount charged.

Canara Bank Gold Loan

You can apply for a Canara Bank gold loan online with minimum paperwork.

Benefits/Key Highlights

• The loan amount is disbursed in a timely manner by the lender.
• No guarantee is required to avail this loan.
• The application process is hassle-free.

Penalties/Internal Charges:

• Borrowers will have to pay for the applicable jewel appraising charges.
• Processing fee of 0.50% of the loan amount charged.

Bank of Baroda Gold Loan

The type of facilities available under BoB Gold Loan are EMI, overdraft, and demand loan. The application process is easy and the repayment can be done on a monthly basis.

Benefits/Key Highlights:

• Any individual who owns gold jewellery, gold coins, or ornaments can avail this loan.
• You can avail a gold loan from Bank of Baroda if you are aged 18 years and above.
• Minimal documentation required.

Karnataka Bank Gold Loan

You can avail Karnataka Bank gold loan not only to meet your personal needs but also your agricultural needs too if you are a farmer.

Benefits/Key Highlights

• This gold loan can be availed by pledging your gold ornaments.
• Loans are sanctioned quickly.
• The application process is extremely simple.

PNB Gold Loan

You can apply for a PNB gold loan to meet both your agriculture and non-agriculture needs.

Benefits/Key Highlights

• No prepayment charges.
• The lender offers a convenient application process.
• Only 22-carat gold is accepted by the lender as security for this loan.

Penalties/Internal Charges:

• Documentation charges have been waived off for gold loans by the bank till 31 December 2021.

IIFL Gold Loan

Choose the IIFL gold loan to meet your financial needs.

Benefits/Key Highlights

• Get your gold loan approved in 5 minutes and disbursed in 30 minutes.
• IIFL offers customised gold loan schemes as per your requirements.
• Flexible repayment options available.

Penalties/Internal Charges:

• MTM charges of Rs.500 are levied.

Kotak Mahindra Gold Loan

Offer gold ornament 18 karat and above to avail instant gold loan from Kotak Mahindra Bank. You can apply for this Kotak gold loan online as well.

Benefits/Key Highlights

• Your gold is kept in a safe and secured environment.
• Minimal documentation required.
• Avail gold loan on an instant basis.
• Processing fee of 2% of the loan amount chargeable.

Penalties/Internal Charges:

• The applicable stamping charges will have to be paid by the borrower.
• Credit appraisal charges will be levied by the lender. This is subject to a minimum charge of Rs.350 and a maximum of Rs.1,000.
• Commitment charges of Rs.1,250 per quarter or 0.5% per quarter may be applicable.
• If the loan amount is overdue, a 3% interest on the due amount will be charged.
• A collection fee may be charged, subject to a maximum of 30% of the overdue sum.
• Dishonour charges of Rs.750 will be levied per instance.
• Swap charges of Rs.500 per instance may be charged.
• If a no due certificate is required, a maximum fee of up to Rs.50 may be levied.

Federal Bank Gold Loan

Avail a Federal Bank gold loan to meet not only your personal but also your agricultural or business needs.

Benefits/Key Highlights

• Gold ornaments that have a purity of 22 carats can be pledged.
• Loans are sanctioned instantly.
• There are no hidden charges.

Central Bank Gold Loan

You can avail a Central Bank gold loan to meet your immediate personal needs.

Benefits/Key Highlights

• The application process is hassle-free.
• Only 22-carat gold is accepted by the bank.
• Repayment tenure not to exceed 12 months from the date on which loan was sanctioned.
• Processing fee of 0.75% of the loan amount subject to a minimum of Rs.500 and maximum of Rs.10,000 chargeable.

Indian Bank Gold Loan

Avail a Indian bank gold loan to meet your agricultural needs.

Benefits/Key Highlights

• The loan process is easy and hassle-free.
• Interest rate starts at 7% p.a.
• No hidden charges.

IDBI Bank Gold Loan

Avail yourself of a IDBI Bank gold loan to meet your personal expenses.

Benefits/Key Highlights

• The loan process is easy and hassle-free.
• No hidden charges.

IndusInd Bank Gold Loan

Avail a IndusInd Bank gold loan to meet your personal expenses.

Benefits/Key Highlights

• The loan process is easy and hassle-free.
• Minimum documentation process.
• Instant disbursal.

Penalties/Internal Charges:

• Processing fee: 0.5% of the loan amount.
• Valuation fee: Rs.500 for a loan amount of up to Rs.2 lakh, and Rs.750 for loan amounts above Rs.2 lakh.
• Penal charge of 2% p.m. applicable.

If you wish to avail a loan against your gold jewellery or ornaments, you should ensure that you meet thPenal charge of 2% p.m. applicable eligibility criteria specified by the lender. Keep in mind that the eligibility criteria will vary from lender to lender. Thus, it is advisable to check the eligibility criteria that is specified on the lender’s website before applying for a gold loan. Listed below are the generalised eligibility criteria:

• Bring Your Gold:- Walk in along with your gold jewellery or ornaments.
• Get Assessed:- Our specialists decide its esteem right on the spot.
• Get Cash:-Take off with cash in hand, prepared to satisfy your desires

• Speedy and Simple: No long forms or complex printed material. We get the criticalness, and we make it quick.
• Most reduced Intrigued Rates:Advantage from competitive intrigued rates that make reimbursement stress-free.
• Adaptable Reimbursement Alternatives:Tailor your reimbursement arrange to suit your budgetary consolation. We are here to make it helpful for you.
• Security Guaranteed:Your gold is secure with us. We guarantee the most extreme security and straightforwardness all through the credit residency.
• No Covered-up Charges:What you see is what you get. No shocks, fair direct terms.

Moment Liquidity

Get to reserves rapidly without offering your valuable recollections.

No Credit Checks

Your gold is your credit. No, have to be stressed about credit history.

Tall Loan-to-Value Proportion

Get more esteem for your gold compared to other advanced choices.

Adaptable Conclusion Utilisation

Whether it is for instruction, trade, or individual needs, the choice is yours.

Price of gold in the market:If the price gets high in the gold market, the value of gold jewellery or coins again increases. Lenders will provide you with the lowest interest rate in such cases since the peril associated is down.

Reimbursement Capacity:Though many lenders may not ask for salaried proof since the gold loan is backed up by security, others may ask for it to assess your reimbursement capacity. If your monthly income is fine enough, your repayment capacity is also higher, helping you get the loan at lower gold loan rates.

External Aspects:The bank offers Gold loan interest rates are also affected by external aspects. These can be inflation, movements in gold costs globally, or demand-supply mismatch in the jewellery market.