Gold loan is secured loans where gold articles is used as collateral security. You pledge your gold jewellery for getting loan. The loan amount is usually a percentage of the gold’s value. You can repay the loan through monthly installments. After the repayment, you get back your gold jewelry in the same shape or condition. Private banks, Nationalized banks, and other financial institutions offer these loans at affordable interest rates. Usually, borrowers use this loan to meet an immediate financial need, such as a marriage or a child’s education. Instead of selling gold, many people prefer to opt for a loan.

Interest Rate Gold loan Fatehpur

In general gold, the loan is obtainable at very minimal rates of interest because it comes under the category of secured loans. The annual interest rate lies between 10.75% to 24.00%. Though the interest rates keep on changing mainly depends upon different banks and time to time and person to person.

Eligibility Criteria Gold Loan Fatehpur

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 borrower 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 for Gold Loan Fatehpur

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 should be 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.

Benefits of Gold Loan Fatehpur

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 Fatehpur

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 must fill the application with the required information.

But the applicant should mention the contact number.

After that, the applicant gets a call on the number which is mentioned, from our side if he/she is eligible.

Is Gold Loan secured

Yes. Unlike most loans, gold loan approval does not depend on your credit score. In other loans, the loan amount is given based on the repayment capacity and credit history of the borrower, but in the gold loan, the loan amount is decided on the market value of gold.


First of all, offers a smooth procedure of application of the gold loan.

The customer gets a good comparison of the interest rates of other banks as well.

Also, the company provides a facility of document pickup facility from your doorstep.

About Fatehpur

Fatehpur District is a district of state Uttar Pradesh, India. This district is located between two important cities: Prayagraj and Kanpur. This district has a population of 2,632,733 as per 2011 Census.