Features of Rajasthan Marudhara Gramin Bank Gold Loan
The ability to acquire money anytime one needs can be utilized by the means of a Gold Loan. Rajasthan Marudhara Gramin Bank Gold Loan, quick and efficient Gold Loan processing.
Key features of Rajasthan Marudhara Gramin Bank Gold Loan are given as:
- Quick and Efficient processing:- In the period of a few hours the customer is provided with a Gold Loan in exchange for the collateral in form of Gold. As banks have collateral at hand, they readily provide with the Loan.
- Comparatively Low Rates of Interest:- With the interest rate range of 13%-14%, Gold loans are better at interest rates than personal loans.
- Nil Processing Fees:- Gold Loans generally do not involve any kind of Processing Fee.
- Security of Gold: It is the bank’s responsibility to keep the borrower’s assets safe unless they default.
Rajasthan Marudhara Gramin Bank Gold Loan Comparision with banks
| Bank / NBFC | Rate Per Gram | Interest Rate | Gold Loan Tenure | Min – Max Loan Amount |
| ₹ 3,506 to ₹ 4,621 | 0.099 | 3 to 24 months | ₹ 10 thousand to 5 crore | |
| Private Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.1 | 6 to 12 months | ₹ 10 thousand to 5 crore |
| ₹ 3,506 to ₹ 4,621 | 0.12 | 7 days to 36 months | ₹ 3 thousand to 1 crore | |
| ₹ 3,506 to ₹ 4,621 | 0.1225 | 12 months | ₹ 3 thousand to 1 crore | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 36 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1 | 3 to 36 months | ₹ 10 thousand to 5 crore | |
| SBI Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.0975 | 12 to 36 months | ₹ 20 thousand to 50 lakh |
| ₹ 3,506 to ₹ 4,621 | 0.075 | 3 to 36 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 10 thousand to 5 crore | |
| IIFL Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.12 | 11 months | ₹ 3 thousand to 50 lakh |
Rajasthan Marudhara Gramin Bank Gold Loan EMI calculator
The monthly payment that is inclusive of payment towards principal and interest that you make to your bank for Loan is called EMI. The interest regarding your EMI is higher at the start and starts decreasing as one makes EMI payments. EMI can be calculated at a specified interest rate for a provided duration by means of The EMI Calculator.
The EMI calculation includes 3 factors.
Quantity of the Loan: The amount of Gold Loan and amount of EMI are directly proportional to each other.
Internet Rates: More the interest rate, the more will be the EMI.
Loan Timeline: Longer the timeline for the repayment of Gold Loan, reduced will be the Amount of EMI.
Rajasthan Marudhara Gramin Bank Gold Loan Documents Required
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
Rajasthan Marudhara Gramin Bank Gold Loan Documents Required – FAQs
✅ Is a gold loan a better option as compared to a personal loan?
If you have availability of Gold, then you can enjoy the lower interest rate of Gold loans. Otherwise, choose a Personal Loan.
✅ What are the advantages of a gold loan?
- Reasonable Interest rates.
- Little documentation requirement.
- Flexible payback Options.
✅ What are the interest rates offered by Rajasthan Marudhara Gramin Bank for Gold loans?
Rajasthan Marudhara Gramin banks offer an interest rate starting at 7& on Gold loans.
