Features of Telangana Grameena Bank Gold Loan
Telangana Grameena Bank Gold Loan Documents
Telangana Grameena Bank, Nizamabad, and Golconda Grameena Bank merged to become Telangana Grameena Bank, a regional rural bank. In the state of Telangana, the bank operates in five districts: Adilabad, Karimnagar, Nizamabad, Rangareddy, and Hyderabad.
There are some advantages of a gold loan. They are as follows:
- Not much documentation is required while applying for a gold loan. Even a person’s credit report is also not required. This is very beneficial for the unemployed people
- Low interest rates are charged in case of a gold loan. Overall 12% to 16% per annum is charged which is much lower as compared to other loans.
- The borrower is given an option where he can pay the interest rate during the tenure period and the whole loan amount all altogether at a time.
Telangana Grameena Bank Gold Loan 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 |
Telangana Grameena Bank Gold Loan Gold Loan EMI calculator
Gold Loan Calculator
Telangana Grameena Bank Gold Loan Gold Loan Documents Required
Documents required for applying for a gold loan are:
- Passport or voter’s id or driving license as identity proof.
- Electric bill or ration card or telephone bill as address proof.
- Photocopy of passport or driving license containing the applicant’s signature for signature proof.
- Passport size photographs of the applicant.
Telangana Grameena Bank Gold Loan Gold Loan Documents Required – FAQs
✅What is Telangana Grameena Bank Gold Loan?
Telangana Grameena Bank gold loan is a trouble-free process to avail of financial service for the attainment of your Gold Loan at attractive rates of interest and a maximum tenure of 12 months. The bank requires minimum documentation and has convenient modes of repayment.
✅How much Gold Loan can I get per gram in Tripura Gramin Bank?
The Telangana Grameena Bank Gold Loan rate per gram depends on the rate of gold in the market and the purity of the gold. The bank gives 70% financing of the entire value of the gold.
✅What is the Gold Loan interest rate in Telangana Grameena Bank?
The Telangana Grameena Bank gold loan interest rate starts from 7% per annum. The rate depends on the purity of your gold and the price of the gold prevailing in the market.
