Major Gold Loan Providers in Jammu
Feature | HDFC Bank | SBI |
Muthoot Finance
|
Interest Rate | 9.90% onwards | 7% onwards | 12% onwards |
Min Loan Amt | Metro : 25000, Non : 15000 | 25000 | 15000 |
Max Loan Amt | 1 Cr | 1 Cr | 1 Cr |
Loan Tenure | 3 months to 24 months | 9 months to 24 months |
1 month to 24 months
|
Processing Fee | 0.25% to 1.50% of the Loan Amt | 0.25% to 1.50% | Nil |
Pre-closure Charges | 2%, Nil foreclosure charges after 3 months | 2%, Nil foreclosure charges after 9 months | Nil |
Overdraft Facility | Yes | Yes | Yes |
Pay Only Interest Facility | Yes | Yes | Yes |
Gold Rate Per Gram | 3066 | 3073 | 3073 |
Gold Loan Jammu Features
- Safety of Gold – The security of your Gold Ornament is more in banks due to the proper security systems, unlike our homes.
- Fast Process – This is a type of secured loan. Therefore, you can get your gold loan processed as quick as 30 minutes
- Overdraft Facility – The applicant has the option of an overdraft facility that allows the applicant to enjoy cash flow anytime as per the needs.
- Low-Interest Rates – Another feature is the Today’s Gold Loan Interest Rate is very low in comparison to other services provided by the banks and NBFC’s
- No Processing Charges – Surprisingly, the bank does not charge any extra cost for applying for a Gold Loan.
- Less Documentation Process – The formalities that are to be complete are very less due to the type of service this is.
- Flexible Tenure – Last but not least, the applicant can choose the tenure depending upon the need.
Key Features:
⍟ Get Loan in 30 Minutes
⍟ Highest Gold Rate in India
⍟ 100% Safety of Your Gold
⍟ Minimum Documentation
⍟ Without EMI Gold Loan
⍟ Gold Loan in 1 Visit
⍟ No Melting of Gold
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges
Gold Loan Jammu Interest Rates – Oct 06 2024
Bank
Interest Rate
HDFC Bank Gold Loan
9.9% to 14%
Axis Bank Gold Loan
10.50% to 16%
Private Bank Gold Loan
10.75% to 16%
SBI Gold Loan
9.5 % to 13%
Kotak Gold Loan
11% to 14%
IIFL Gold Loan
9.24% to 24%
Muthoot Gold Loan
12% to 24%
Manappauram Gold Loan
12% to 26%
PNB Gold Loan
10.05% to 16%
Canara Bank Gold Loan
9.75 % to 13%
Andhra Bank Gold Loan
10.70% to 16%
Gold Loan Per Gram For All Major Bank in Jammu – Oct 06 2024
Bank / NBFC | Rate Per Gram | Interest Rate | Gold Loan Tenure | Min - Max Loan Amount |
HDFC Gold Loan | ₹ 3,506 to ₹ 4,621 | 9.90% | 3 to 24 months | ₹ 10 thousand to 5 crore |
Private Gold Loan | ₹ 3,506 to ₹ 4,821 | 10.00% | 6 to 12 months | ₹ 10 thousand to 5 crore |
Muthoot Finance Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% | 7 days to 36 months | ₹ 3 thousand to 1 crore |
Manappuram Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.25% | 12 months | ₹ 3 thousand to 1 crore |
Canara Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% | 36 months | ₹ 20 thousand to 50 lakh |
Axis Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00% | 3 to 36 months | ₹ 10 thousand to 5 crore |
SBI Gold Loan | ₹ 3,506 to ₹ 4,621 | 9.75% | 12 to 36 months | ₹ 20 thousand to 50 lakh |
Indian Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 7.50% | 3 to 36 months | ₹ 20 thousand to 50 lakh |
Bank of Baroda Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% | 12 months | ₹ 20 thousand to 50 lakh |
Yes Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% | 12 months | ₹ 10 thousand to 5 crore |
IIFL Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% | 11 months | ₹ 3 thousand to 50 lakh |
Gold Loan Eligibility Criteria in Jammu
Minimum and Maximum Age |
21 Yrs – 60 Yrs
Note: However, many banks require a minimum age of 23 years |
Loan Amount |
Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
Interest rates are lower for a higher loan amount |
Employment Type |
Salaried and self-employed both are eligible
Businessmen are increasingly taking gold loans to meet their working capital requirements. In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans. |
Quality of Gold |
Gold ornaments should range in between 18 to 24 Carats
An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22 |
CIBIL Score |
Banks do not check CIBIL score for granting a gold loan
However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score |
Gold ornaments that can be used for availing loan |
Gold bars and coins
Gold with 18-24 carat purity |
Employment track record and income proofs |
Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.
|
GOLD LOAN @ 0.75%*
APPLY NOW
Gold Loan Jammu Eligibility & EMI Calculator
Documents for Gold Loan Jammu
At the time of application the following documents are required:
- Proof of the citizenship of India
- Duly filled application form
- 2 passport-sized photographs
- Applicant’s KYC documents to establish Identity and Address
- Salary/ Income Proof
- Witness Letter in case of illiterate borrowers
- In the case of Agriculture Loan of more than Rs. 1 lac, land proof
- Certificate by the Jewel Appraiser (Bank will arrange)
At the time of disbursement the following documents are required:
- Demand Promissory Note & Demand Promissory Note Take Delivery Letter
- Gold Ornaments Take Delivery Letter
- Arrangement Letter
GOLD LOAN @ 0.75%*
APPLY NOW
Eligibility Criteria for Gold Loan Jammu
- The applicant should be at least 21 years of age
- The applicants’ age should not be more than 60 years
- He/she should be a national citizen
GOLD LOAN @ 0.75%*
APPLY NOW
How to Apply for Gold Loan Jammu
Online Process to Apply for Gold Loan Jammu
You can apply for the HDFC Bank Gold Loan at Dialabank. The process is straightforward. To begin, You have to fill a simple form online. After that, you will get a call back from our side. Furthermore, you will get a document to pick up facility from your doorstep. For more information, you can call on 9592046860. Dialabank is considered the best platform to apply for a gold loan online. There are so many reasons behind this.- First of all, Dialabank is India’s first financial helpline; it provides the best financial services to customers all over the country.
- Besides that, the bank has a good reputation among the customers because of its best services.
- Another reason, if you apply for a gold loan on Dialabank, then you will get a low HDFC Gold Loan Interest Rate.
- Also, Dialabank provides a document pickup facility from the doorstep of the customer.
- One more important thing is that Dialabank guides the customers free of cost. That is, there are no additional charges of applying for a gold loan online on the website of Dialabank.
- Also, while applying for a gold loan per gram online through Dialabank, very little paperwork is required.
- One more thing is that you will get a high LTV of your gold.
- Finally, the Relationship managers are trained enough to guide you in the entire process of Gold Loan.
Offline Process to Apply for Gold Loan Jammu
Offline gold loan is also available with databank, just visit our website to see the various options available. The applicant also has an option to avail of an HDFC Gold Loan from the nearby branches. To do so, search Gold Loan near me on google. It will enlist all the neighbouring departments from where you can avail of the loan. Then, you will have to visit again and again until the loan approval. Thus, it can be a very tiring and time-consuming process. You can avail of loans from HDFC Gold Loan Branches. As well as to find a branch that is nearby, search Muthoot Gold Loan near me. Google will enlist all the Muthoot Gold Loan Branches near you.GOLD LOAN @ 0.75%*
APPLY NOW
Processing Fees / Prepayment Charges on Gold Loan Jammu
Bank |
Processing Fee |
Prepayment Charges |
HDFC Bank Gold Loan |
0.25% to 1.50% |
2%, Nil foreclosure charges after 3 months |
Axis Bank Gold Loan |
0.50% to 1.50% |
Nil |
Private Bank Gold Loan |
0.25% to 1.50% |
2%, Nil foreclosure charges after 9 months |
SBI Gold Loan |
500/- to 0.50% |
Nil |
Kotak Gold Loan |
1% to 2% |
2.25% of fore closure amount if closed 1 month ahead of the tenure.
|
IIFL Gold Loan |
Nil |
Nil |
Muthoot Gold Loan |
Nil |
Nil |
Manappauram Gold Loan |
Nil |
Nil |
PNB Gold Loan |
0.70% to 1% |
Nil |
Canara Bank Gold Loan |
1% |
Nil |
Andhra Bank Gold Loan |
Nil |
Nil |
EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison
Monthly Payment | EMI Scheme (₹) |
Bullet Repayment (₹)
|
Month 1 | 27007 | 3625 |
Month 2 | 27007 | 3625 |
Month 3 | 27007 | 3625 |
Month 4 | 27007 | 3625 |
Month 5 | 27007 | 3625 |
Month 6 | 27007 | 3625 |
Month 7 | 27007 | 3625 |
Month 8 | 27007 | 3625 |
Month 9 | 27007 | 3625 |
Month 10 | 27007 | 3625 |
Month 11 | 27007 | 3625 |
Month 12 | 27007 | 3625 |
Bullet Payment (At the end of 12 months)
|
₹ 3 Lakh | |
Total Payment | ₹ 3.24 Lakh | ₹ 3.44 Lakh |
CIBIL Score Required for Gold Loan Jammu
750 is the minimum CIBIL score required by most institutions, every institution wants to see your credit history and also make the various decision and it also tells us about whether the loan application will get approved or not. The financial institutions look for a variety of factors, like the detailed behaviour of the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.GOLD LOAN @ 0.75%*
APPLY NOW
Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Jammu
Bank | Interest Rate | Lowest EMI Per Lakh |
Eligible Loan Amount For Max Tenure
|
SBI Gold Loan | 7.50% | Rs. 3,111 |
Rs. 20 Lakh for 36 months
|
Muthoot Gold Loan | 11.99% | Rs. 3,321 |
Rs. 50 Lakh for 36 months
|
Manappuram Gold Loan | 12.00% | Rs. 8,885 |
Rs. 1 Cr for 12 months
|
HDFC Bank Gold Loan | 9.90% | Rs. 4,591 |
Rs. 50 Lakh for 24 months
|
Yes Bank Gold Loan | 9.99% | Rs. 3,226 |
Rs. 50 Lakh for 36 months
|
Private Bank Gold Loan | 10.00% | Rs. 8,792 |
Rs. 15 Lakh for 12 months
|
Federal Bank Gold Loan | 8.50% | Rs. 8,722 |
Rs. 75 Lakh for 12 months
|
Canara Bank Gold Loan | 7.65% | Rs. 8,683 |
Rs. 10 Lakh for 12 months
|
Andhra Bank Gold Loan | 10.70% | Rs. 8,824 |
Rs. 2 Cr for 12 months
|
Axis Bank Gold Loan | 13.00% | Rs. 4,754 |
Rs. 20 Lakh for 24 months
|
IndusInd Bank Gold Loan | 10.00% | Rs. 8,792 |
Rs. 10 Lakh for 12 months
|
PNB Gold Loan | 8.75% | Rs. 8,734 |
Rs. 10 Lakh for 12 months
|
Fincare Small Finance Bank Gold Loan | 12.99% | Rs. 11,721 |
Rs. 40 Lakh for 9 Months
|