Best banks for Gold Loans in Secunderabad
Feature |
HDFC Bank |
Private Bank |
Muthoot Finance |
Interest Rate |
9.90% |
10.50% |
12% |
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 |
Preclosure Chgs |
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 |
2500 |
2600 |
2700* |
Gold Loan Secunderabad Features
Are you afraid of your financial situation?
Do you think that more money could solve your problems?
If yes, then you are right. As Gold loans are secured in nature, they are the best loans available that you can get approved and verified easily with minimum paperwork or documentation.
Why Gold Loan Secunderabad?
Gold Loan Secunderabad claims to help needy people by providing gold loans at affordable interest rates. For taking a gold loan, the applicant should possess a gold article or piece of gold or jewelry. Similarly, a good credit history along with a strong and healthy source of income helps in the faster verification and approval process.
Furthermore, you are allowed to take a loan of only up to 75 percent of the market value of gold, this happens only because of the variable market price of the gold.
Gold Loan Rate Per Gram Today in Secunderabad
Updated - Gold Loan Per Gram Rate w.e.f Dec 27 2024 |
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Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
1 gram | 4621 | 4290 | 3900 | 3510 |
10 gram | 46210 | 42900 | 39000 | 35100 |
20 gram | 93600 | 85800 | 78000 | 70200 |
30 gram | 140400 | 128700 | 117000 | 105300 |
40 gram | 187200 | 171600 | 156000 | 140400 |
50 gram | 234000 | 214500 | 195000 | 175500 |
100 gram | 468000 | 429000 | 390000 | 351000 |
200 gram | 936000 | 858000 | 780000 | 702000 |
300 gram | 1404000 | 1287000 | 1170000 | 1053000 |
400 gram | 1872000 | 1716000 | 1560000 | 1404000 |
500 gram | 2340000 | 2145000 | 1950000 | 1755000 |
Gold Loan in Secunderabad Interest Rates and Charges
Feature
|
Gold Loan
Interest Rate
|
Processing Fee
|
Tenure
|
HDFC Gold Loan | 9.90% | 0.25 % - 1.50% | 3 - 24 Month |
Private Gold Loan | 10.50% | 0.25 % - 1.50% | 9 - 24 Months |
Axis Gold Loan | 10.50% | 0.50% - 1.50% | 6 - 24 Months |
Yes Bank Gold Loan | 10.50% | 0.50% - 1.50% | 6 - 36 Months |
SBI Gold Loan | 9.50% | 500/- to 0.50% | 6 - 36 Months |
Kotak Gold Loan | 11.00% | 1% to 2% | 9 - 24 Months |
IIFL Gold Loan | 12.00% | Nil | 3 - 11 Months |
Muthoot Finance Gold Loan | 12.00% | Nil | 1 - 24 Months |
Manappuram Gold Loan | 12.50% | Nil | 6 - 12 Months |
PNB Gold Loan | 11.00% | 0.70% to 1% | 6 - 12 Months |
Canara Bank Gold Loan | 10.75% | 1 % | 6 - 12 Months |
IndusInd Bank Gold Loan | 11.50% | 1% - 1.5% | 9 - 24 Months |
Gold Loan in Secunderabad Documents required
- Proof of Identity can be any of the following: Driving License/Aadhaar Card/ Copy of Passport /Voter ID Card or any other recognized govt. ID.
- Address Proof can be any of the following: Ration card/ Telephone Bill/ Rental bill/ Passport copy/Trade license /Electricity Bill or other utility bills.
- Signature Proof can be any of the following: Copy of Passport/Driving License/Cheque/ Banker’s verification/ etc. are also mandatory
- 2 passport size photographs.
Additional Documents Required for Gold Loan Secunderabad
- Land Proof: For Agriculture Loan of more than Rs. 1 lac, no proof is needed.
- A Demand Promissory Note.
- The Bank needs to present the Certificate by the Jewel Appraiser.
- For Income proof, one has to prove his income through a salary certificate and form number 16.
Gold Loan in Secunderabad Eligibility Criteria
For Gold Loan in Secunderabad, the Eligibility criteria are as follows:
- The loan aspirant should recognize themselves as Indian citizens
- The applicant should be within 21 years and 60 years of age.