HDFC Bank Gold Loan
An HDFC gold loan is available to you at an affordable rate of interest. The money is disbursed quickly and has
advantages like an overdraft facility.
- The maximum loan amount offered by the bank is Rs. 1 crore.
- With interest rates on gold loans ranging from 7.60% to 17.05% p.a., HDFC has some of the greatest offerings.
- A processing fee of 1% of the loan disbursal is charged for HDFC gold loans.
- Repayment of the loan can take three to twenty-four months.
State Bank of India (SBI) Bank Gold Loan
SBI provides two different kinds of gold loans that you can use that fit with your needs: SBI Gold Loan and SBI
Realty Gold Loan. Both online and offline applications are accepted for this gold loan.
Both new and current SBI home loan borrowers are eligible for the SBI Realty Gold Loan program. This product's
features are similar to those associated with the SBI Personal Gold Loan.
- The value of the SBI gold loan can be used for other financial purposes, such as weddings, vacations,
medical expenses, and schooling.
- SBI offers gold loans with maximum loan amounts ranging from Rs. 20,000 to Rs. 50 Lakh. A SBI gold loan
has a margin requirement of 25% to 35%.
- Depending on the type of loan, SBI gold interest rates might range from 8.55% to 8.65% p.a.
- Repayment of the loan can take three to twenty-four months.
- Depending on the borrower's chosen repayment plan and manner, the repayment can be completed in a period
ranging from three to thirty-six months.
- Anyone over the age of eighteen may apply to SBI for a gold loan.
Manappuram Gold Loan
Several gold loan options are available from Manappuram Gold Loan, based on your requirements and financial situation.
- There are many schemes from which you can get gold loans.
- Depending on the purity and net weight of the gold you pledge, you may be eligible for a larger loan amount.
- In order to apply for this loan, the borrower does not need a guarantor.
Axis bank Gold Loan
You can apply for a gold loan from Axis Bank. The loan amount will be disbursed quickly, and your gold will be
stored securely. Axis Bank allows you to apply online for a gold loan.
- When your gold loan is repaid, you have the opportunity to accrue 150 points.
- Axis Bank provides loans up to Rs. 25 lakh secured by gold coins and jewels.
- Repayment terms for the loan range from six to thirty-six months.
- It's easy and fast to qualify for an Axis Bank gold loan.
- Interest rates on gold loans from Axis Bank start at just 17% annually.
- Up to 0.50% of the loan amount is the processing fee.
- There are no prepayment penalties if the loan is foreclosed upon at any point during the six-month
lock-in period.
Bank of Baroda Gold Loan
EMI, overdraft, and demand loans are the kinds of facilities offered by BoB Gold Loan. The payback can be
made on a monthly basis, and the application procedure is simple.
- The Bank of Baroda offers overdraft, EMI, and demand loan options for gold loans.
- Prepayment and preclosure fees do not apply.
- Each consumer may receive up to Rs. 50 lakh in loans.
- For the EMI program, the duration is a minimum of 12 months and a maximum of 36 months.
- For loans up to Rs. 3 lakh, the bank does not impose any processing fees.
- Up to 85% of the value of the pledged gold may be borrowed.
- These loans require no paperwork, so the processing time is quite short.
- The borrower is not required by Bank of India to provide proof of income or a CIBIL score.
- Anyone above the age of 18 is eligible for a gold loan from Bank of India.
- The interest rate on a gold loan from Bank of India is as low as 8.45% per year.
- There is a processing cost that can reach Rs. 1000.
- Canara Bank's gold loan interest rate is currently 9.15% per annum.
- Both an overdraft and a single transaction limit are available for the loan.
- The Canara Bank gold loan can be used for unexpected costs or emergencies, such as medical bills.
- The available loan amount is Rs. 5,000 at the minimum and Rs. 35 Lakh at the maximum.
Swarna, Swarna Express, and Overdraft Facility are just a few of the gold loan options that Canara Bank provides.
- Gold jewelry, ornaments, or specially produced gold coins that banks sell can be pledged as security for a loan.
- Repayment of the loan is possible within the allotted 36 months.
- Just Rs. 99 is required for processing (including any relevant taxes)
- With a Bajaj Finserv gold loan, you can get up to Rs. 2 crore in credit.
- The interest rate on a Bajaj gold loan ranges from 9.50% to 28% annually.
- One of the greatest banks for gold loans is Bajaj Finserv as it doesn't charge foreclosure or partial
repayment fees.
- A complimentary gold insurance policy is provided by Bajaj Finserv to protect pledged gold goods from
loss or theft.
- The annual interest rate on an ICICI gold loan varies from 10% to 19.8%.
- A processing fee of 1% of the approved loan amount will be charged.
- A gold loan from ICICI Bank is available secured by the borrower's mortgaged gold.
- The bank provides loans for values ranging from Rs. 50,000 to Rs. 1 crore.
- The length of the repayment period varies based on the loan amount, from six to twelve months.
- A gold loan can be arranged for as little as Rs. 1,000, and the maximum amount that can be borrowed is Rs. 1.5 crores.
- Interest rates for Federal Bank gold loans begin at 8.64% p.a.
- Your gold loan can be fully repaid or partially prepaid without paying any additional fees.
- To be eligible for the loan, you must pledge your 22-carat gold ornaments.
- Depending on the plan, the processing charge might be as much as 0.80% of the approved loan amount.
- The purposes of an Indian Bank gold loan include consumption, banking activities, family events,
medical costs, and domestic requirements.
- One of two repayment options is available for the loan: monthly or bullet.
- Up to 70% of the jewels' market value or the advance value per gram, whichever is smaller, is the
maximum loan amount that can be obtained. Up to Rs. 10 Lakhs in total loans are available to each applicant.
- Up to 12 months for bullet repayment and 35 months for monthly repayment is the maximum repayment period.
- The annual percentage rate for an Indian Bank gold loan is 8.25%, and there is a 0.50% processing fee.
- Both an overdraft facility and a demand loan are available for these loans.
- A minimum of Rs. 25 000 and a maximum of Rs. 25 Lakhs are available for you to use.
- The interest rate on PNB gold loans begins at 9% per year.
- For demand loans with bullet repayment, it is 25%; for demand loans with EMI-based repayment,
it is 25%; and for overdrafts, it is 25%.
- You may apply for these loans by pledging gold jewelry or other accessories.
There is a maximum 12-month repayment period.
- The processing charge is Rs. 500 plus applicable taxes or 0.30% of the loan amount + GST, whichever is larger.
- The interest rate will be 0.25% higher for gold up to 18 Karat and below 22 Karat.
- Gold loans from Union Bank of India are available for use in petty trade, agriculture, daily business
working capital needs, the purchase of equipment for businesses, the furnishing of commercial spaces, furniture
and fixtures purchases, and any unforeseen costs.
- A maximum of Rs. 20 lakhs can be obtained for loans in the priority sector, which includes agricultural, and
Rs. 25 lakhs can be obtained for loans in the non-priority sector.
- Depending on the style, quantity, and other variables of the loan, the annual interest rate for a gold loan
from Union Bank can vary from 8.25% to 10.15%.
- There is a maximum three-year repayment period.
- Union Bank of India charges a processing fee based on the approved loan limit in accordance with current regulations.
- The option for Online Gold Loans (OGL) is offered.
- Repayment terms range from seven days to thirty-six months.
- Free insurance coverage is offered for gold jewelry that has been pledged.
- There is no upper limit on the total loan amount offered by Muthoot Finance, with a minimum gold loan
amount of Rs. 1,500.
- According to the scheme type, the amount of money borrowed per gram of gold, and other variables, Muthoot
Finance's gold loan interest rate varies from 12% to 27% p.a.
- There are numerous programs accessible, such as the Muthoot Ultimate Loan, Muthoot Delight Loan, Muthoot
Highvalue Plus Loan, Muthoot OnePercent Loan, and so forth.
- There are choices for both upfront and partial payments.
- One percent of the loan amount is the processing fee.
- IIFL gold loan repayment terms range from one to five years.
- A maximum loan amount of 75% to 90% of the current market value and the carat value of domestic physical
gold is available.
- The interest rate on an IIFL gold loan can range from 9.96% to 27% p.a. depending on the loan amount and
frequency of payments.
- In order for the appraisal of an asset to accurately reflect its current market rate, the borrower additionally
needs to pay MTM charges of Rs. 500.
- Depending on the option selected, the processing cost for IIFL gold loans varies from 0% to 3% of the
loan amount.
- Coins and gold ornaments are used as collateral for the loan.
- The margin that borrowers must arrange ranges from 25% to 40% of the gold's market price.
- A gold loan from UCO Bank can be used for a variety of purposes, including housing, education, retail
commerce, small businesses, agricultural, and MSME.
- The bank's head office determines the maximum amount of UCO gold loans that can be approved per gram of
standard gold every two weeks, and it subsequently notifies the zones and branches of this decision.
- The lowest interest rates on gold loans are provided by UCO Bank, which range from 7.40% to 7.90% p.a. based
on the type of scheme, the margin provided, and other considerations.
- It is one of the top banks for gold loans and provides a variety of options for repayment.
- Up to Rs. 25 lakh in loans are available from Karnataka Bank, subject upon the pledge of gold jewelry.
- The annual percentage rate for a gold loan from Karnataka Bank ranges from 9.33% for a KBL-Agri Up to
Rs. 50,000 in advances against gold, there are no processing fees. For loans beyond that level, there is a
processing cost of 0.25% of the loan amount (minimum Rs. 250) plus tax.
- Gold Loan to 9.63% to 9.95% for a General Gold Loan and 9.88% for a KBL GOLD en CASH-OD.
- Repayment terms range from six to twelve months.
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