Rupeek Gold Loan Highlights |
|
|---|---|
| Interest Rate | 0.74% per month (8.88% p.a.) |
| Collateral | Gold items with a purity of 18 carat or more |
| Gold Loan Repayment Facility | Bullet Repayment, Interest Payment and Part-payment |
| LTV Ratio | Up to 75% of gold’s market value |
| Loan Amount | Rs 15,000 - Rs 1.5 crore |
| Tenure | Up to 1 year |
Rupeek Gold Loan Interest Rates
Rupeek Gold Loan interest rates start from 0.74% per month (8.88% p.a.) onwards. The lender maintains a consistent interest rate structure across different loan tenures, loan amounts, and applicant profiles.
Also read: Best Gold Loan Interest Rate
Gold Loan Interest Rates Offered By Partner Banks & NBFCs
| Bank/NBFC/Fintech | Interest Rate | |
|---|---|---|
| State Bank of India | 8.75% p.a. onwards | Apply Now |
| Axis Bank | 17% - 19% p.a. onwards | Apply Now |
| Punjab National Bank | 9.25% p.a. onwards | Apply Now |
| Bank of India | 8.80% p.a. onwards | Apply Now |
| IndusInd Bank | 8.80% p.a. onwards | Apply Now |
| Bank of Baroda | 9.40% p.a. onwards | Apply Now |
| Union Bank of India | 9.30% – 10.65% p.a. | Apply Now |
| Canara Bank | 9.25% p.a. onwards | Apply Now |
| HDFC Bank | 8.50% - 15.97% p.a. | Apply Now |
| Federal Bank | 8.99% p.a. onwards | Apply Now |
| ICICI Bank | 10% p.a. onwards | Apply Now |
| Bajaj Finserv | 9.50% – 28% p.a. | Apply Now |
| Manappuram Finance | 12% p.a. onwards | Apply Now |
| Bank of Maharashtra | 9.30% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8% - 24% p.a. onwards | Apply Now |
| Indian Bank | 0.77% per month | Apply Now |
| IIFL Finance | 11.88% - 27% p.a. | Apply Now |
| Rupeek | 8.88% p.a. onwards | Apply Now |
| Muthoot Finance | 10.90% p.a. onwards | Apply Now |
| Shriram Finance | 11.40% p.a. onwards | Apply Now |
Features of Rupeek Gold Loan
Purpose
Rupeek offers gold loans against gold jewellery that is 18 carats and above. These loans can be used for various financial needs, except for speculation.
Loan Amount
Rupeek provides a minimum loan amount of Rs 15,000 and a maximum loan amount of Rs 1.5 crore to its applicants, capped at up to 75% of the gold's market value.
Tenure
Applicants have the flexibility to repay their loans within a period of 1 year from the date of loan disbursement.
Repayment Options
Monthly Interest Payment
In this repayment scheme, borrowers are required to pay the interest component of their EMIs every month. The principal amount can be repaid at the end of the loan tenure.
Bullet Repayment
In the Bullet Repayment method, both the interest and principal amounts are repaid at the end of the loan tenure.
Part-payment
Under this option, borrowers can make repayments in regular Equated Monthly Installments (EMIs). Additionally, borrowers have the flexibility to make part-prepayments, which will be deducted from the outstanding principal, thereby reducing the interest cost.
Also read: Best Gold Loan EMI Calculator
Eligibility Criteria for Availing Rupeek Gold Loan
To be eligible for Rupeek Gold Loan, applicants must meet the following criteria:
- They should be Indian citizens.
- Individuals should be at least 21 years old at the time of loan application and not more than 65 years old at the time of loan maturity.
- Applicants should own gold items or ornaments of the recommended purity.
Also read: Best Gold Loan Eligibility
Documents Required for Availing Rupeek Gold Loan
To apply for Rupeek Gold Loan, applicants need to submit the following documents:
- KYC Documents: Aadhar card, Voter ID, PAN card, passport, driving license, etc.
- Address Proof: Voter ID, passport, Aadhaar card, utility bills, driving license, etc.
Also Read : Best Gold Loan Documents Required
FAQs on Rupeek Gold Loan
1. Why should I choose Rupeek Gold Loans?
You can access this loan at competitive interest rates starting from just 8.88% per annum. Additionally, you benefit from doorstep service, convenient online application, minimal requirements, and more.
2. Is it safe to avail of gold loans by Rupeek?
Yes, you can securely pledge your gold items with Rupeek as they are stored in the company's vault. You have the flexibility to withdraw your assets at any time after the repayment is completed.
3. Do I need a CIBIL score when applying for this gold loan?
You can obtain the loan without providing your CIBIL score details because the gold items you pledge serve as collateral. Simply submit the required documents and meet the eligibility criteria to apply for the loan.
4. What is the tenure of a Rupeek Gold Loan?
The tenure for the loan ranges between 3 months and 12 months.