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Gold Loan Aizawl

Gold Loan @ 7%

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When a customer deposits gold as collateral for taking a loan, it is known as a gold loan. The bank uses the gold as security against potential payment default by the customer. The loan amount sanctioned is a certain percentage of the value of the gold that has been pledged. If you are in urgent need of money for immediate expenses and expect to be able to pay it back in a short period of time, then the Gold Loan Aizawl might be a good option.

Gold loan Aizawl Interest Rate:

In general gold, the loan is available at very easy rates of interest because it comes under the category of secured loans. So the interest rates are less than that of a personal loan or home loans. The interest rate of gold loan on an average is 10.75% per annum and upto 25% per annum. Different banks, financial institutions or NBFC provide different interest rates to different customers.

Gold Loan Aizawl Eligibility Criteria:

  • Firstly, the applicant should lie between 18 to 70 years of age group.
  • Foremost, the applicant who has more than 10 gm gold to invest can apply for gold loan.
  • The applicant must be a resident of India.
  • The bill of gold which is to be pledged, should be in the name of the applicant or any family member.

Documents required:

  • Certain documents are needed to get a gold loan. These are as follows:
  • IDENTITY PROOF: Aadhar Card, Voters Card, Driving License, Passport, Pan Card of a borrower.
  • RESIDENCE PROOF: Aadhar Card, Ration Card, Bank Statement (ACTIVE), Electricity Bill of last three months on the name of the applicant/ Telephone Bill of previous three months on the name of the applicant, Passport Copy of a borrower.
  • Two copies of Photographs of the borrower.


  • Firstly, it comes under a secured loan.
  • Banks do not check CIBIL scores for loan approval.
  • It has a low interest rate in comparison to a personal loan or any other loan.
  • Income proof is not required to get loan approval.
  • Safety of ornaments is available.

Interest rate of Gold Loan Aizawl:

Bank  Gold Loan Rate 
HDFC Bank 10.75%
Yes Bank  10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan  12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%

Gold Loan procedure:

  • The applicant has to visit the site
  • After that, the applicant fills the application with the required information.
  • But the applicant should fill the contact number.
  • After that, the applicant gets a call from our side if he/she is eligible.

Is Gold Loan secured:

Yes, it is essential to note that the gold loan comes in the category of secured loans. Because in a gold loan, the customers put their gold ornaments into the bank’s locker as security or as collateral. If the customer is unable to return the gold loan on time then the bank is liable to sell his gold ornaments.


First of all,  offers a straightforward process of application of the gold loan.

After that, the customer gets a good comparison of the interest rates of other banks as well.

Furthermore, the company provides the document pickup facility from your doorstep.

About Aizawl:

Aizawl is the capital of the state of Mizoram in India. It is the largest city in the state. It is a beautiful place that offers plenty of tourist attractions to tourists and habitants alike. Aizawl is the storehouse of all important Government offices, State Assembly House and Civil Secretariat.

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