Gold Loan Perambalur

Gold Loan @ 7%

Apply & Get Instant Money

You can overcome your financial crisis with the best possible option; Gold Loan. You don’t have to wait long or stand in queues for the approval. Get instant approval with a hassle-free process. Available on simple documentation. So, apply for Gold Loan Perambalur and avail the best offers.

What is Gold Loan Perambalur?

Gold loan is a secured loan, as the loan is given by the banks against your gold. Banks give borrowers loan by keeping their gold ornaments and coins, which is returned back to the borrower once he returns the full amount. The bank keeps the gold ornaments as collateral. Many go for the fulfillment of their short term goal with gold loans, such as going on vacation with family or paying off your debt. Log on to BookMyLoans and grab the best offer on Gold Loan Perambalur.

Advantages of Taking Gold Loan Perambalur

  • Easy and Hassle-free Process.
  • Approval in 30 minutes.
  • Simple Documentation.
  • Dedicated Assistance.
  • No salary certificate or credit card history is required.
  • Lowest Interest Rate.

Interest Rate of Gold Loan Perambalur

  • Generally, the gold loan starts at the interest rate of 10.75%.
  • ROI for tenure less than 1 year is also available at 1%.
  • Processing fees is Rs 2000.
  • The borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay the complete borrowed amount in a single shot.

Eligibility for Gold Loan Perambalur

  • Minimum age of applicant: 21 years.
  • Maximum age of applicant at loan maturity: 65 years.
  • Gold jewelry should be owned by the applicant or any of the family members.
  • The gold ornament submitted should be at least 18 carats or above.
  • The gold loan can be availed by an applicant who has at least 10 grams of gold.

Documents for Gold Loan 

  • Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
  • Address Proof(Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
  • Signature Proof ( Passport/ PAN Card/Banker’s verification/ cheque).
  • 2 passport size photographs.

How to Apply?

  • The applicant has to mortgage his gold to the Bank in return for the loan amount. The in-house jewelers access your gold in terms of quality and quantity.
  • Then, according to the market value of gold, the bank gives the finances to the borrower the cash equivalent to around 70%-75% of the value of their gold.
  • Now, the bank has the possession of your gold ornaments until the full repayment of the loan amount is done.
  • Finally, when you repay the whole amount, the bank returns the gold to the customer.

This process is available online also. You can apply on www.bookmyloans.in 

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

10.00% – 14.50%

ICICI Gold Loan

10.00% – 16.10%

Muthoot Finance Gold Loan

12.00% – 24.00%

Axis Bank Gold Loan

14.50% – 17.00%

Manappuram Gold Loan

19.00% – 26.00%

Yes Bank Gold Loan

10.00% – 15.99%

Bank of India Gold Loan

19.00% – 26.00%

Federal Bank Gold Loan 

11.75% 13.50%

IIFL Gold Loan

12.00% – 12.00%

Central Bank of India Gold Loan

12. 90% – 14.65%

Canara Bank Gold Loan

12.65% – 12.65%

Andhra Bank Gold Loan

11.70% – 10.45%

Induslnd Bank Gold Loan

11.15% – 15.75%

PNB Gold Loan

10.75% – 11.75%

Bajaj Finance Gold Loan

14% – 26%

Bandhan Bank Gold Loan

11.5% – 14.5%

DCB Bank Gold Loan

14% – 16%

SBI Gold Loan

11.05%-15%

Indian Bank Gold Loan

10.00% – 15.99%

UCO Bank Gold Loan

19.00% – 26.00%

Kotak Mahindra Bank Gold Loan

11.75% – 13.50%

Syndicate Bank Gold Loan

12.00% – 12.00%

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