Gold Loan Abohar

 

Gold Loan Abohar Feature

Loan Amount	Up to Rs. 1 Crore (With Income Proof)
Gold Loan Interest Rate	7.0% per annum
Gold Loan Per Gram	Rate Per Gram Today is ₹ 5,268
Processing Fee	1.50% of the Principal Loan Amount
Prepayment Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure	3 Months to 24 Months
Repayment Scheme	Bullet Payment Scheme, Overdraft Scheme

Why Gold Loan Abohar?

Overcome your crises with the best possible option; Gold Loan. No need to wait so long or stand in a queue for the approval of your loan. Get instant approval and hassle free process. Available on simple documentation. So apply for Gold Loan Abohar and avail the best offers on your product.

What is Gold Loan?

Gold loan is a secured loan, as the loan is given by the banks against gold security. Banks furnish borrowers with this loan by keeping gold ornaments and coins, which is returned back to the loan borrower upon the loan sum that is due.The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments. Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage or other family problems. Step ahead to BookMyLoans to grab the best offer on Gold Loan Abohar

Advantages of taking Gold loan:-

1. Easy and Hassel-free Process
2. Approval in 30 minutes
3. Simple Documentation
4. Dedicated Assistance
5. No salary certificate or credit card history is required
6. Lowest Interest Rate

Interest Rate:

1. Generally gold loan is available at the interest rate of 11.5% to 14.5%
2. ROI for tenure less than 1 year is also available at 1%
3. Processing fees equals to 2000
4. Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot

Major Gold Loan Providers in Abohar

Feature	HDFC Bank	ICICI Bank	Muthoot Finance
Interest Rate	9.90%	10.50%	12%
Min Loan Amt	Metro : 25000, Non : 15000	25000	15000
Max Loan Amt	1 Cr	1 Cr	1 Cr
Loan Tenure	3 months to 24 months	9 months to 24 months	1 month to 24 months
Processing Fee	0.25% to 1.50% of the Loan Amt	0.25% to 1.50%	Nil
Preclosure Chgs	2%, Nil foreclosure charges after 3 months	2%, Nil foreclosure charges after 9 months	Nil
Overdraft Facility	Yes	Yes	Yes
Pay Only Interest Facility	Yes	Yes	Yes
Gold Rate Per Gram	2500	2600	2700*

 

Eligibility & Documents

Check Your Eligibility:

• 1. Age: 21 years and above
  2. Profession: Anybody with stable source of income including: Bank’s Employees, Pensioners

Documents

1. 1. 1. Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
      2. Address Proof(Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
      3. Signature Proof ( Passport/ PAN Card/Banker’s verification/ cheque).
      4. 2 passport size photographs

Processing & Prepayment Fee on Gold Loan Abohar

Bank	Processing Fee	Prepayment Charges
HDFC Bank Gold Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 3 months
Axis Bank Gold Loan	0.50% to 1.50%	Nil
ICICI Bank Gold Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 9 months
SBI Gold Loan	500/- to 0.50%	Nil
Kotak Gold Loan	1% to 2%	2.25% of foreclosure amount if closed 1 month ahead of the tenure.
IIFL Gold Loan	Nil	Nil
Muthoot Gold Loan	Nil	Nil
Manappauram Gold Loan	Nil	Nil
PNB Gold Loan	0.70% to 1%	Nil
Canara Bank Gold Loan	1%	Nil
Andhra Bank Gold Loan	Nil	Nil

 

Know about the terms and conditions:

• • 1. Foreclosure Charges- Ccarges that are to be paid when the loan is closed before the tenure is completed.
    2. foreclosure charges can be up to 1%.The minimum loan tenure is 6 Months.
    3. So foreclosure charges after 6 months are 0.
    4. Charges for late payment of loan Amount
    5. 2% p.a. as penal interest over and above the applicable rate of interest.

Gold Loan Interest Rate of Major Banks

Bank	Interest Rates
HDFC Bank Gold Loan	7.00% – 14.50%
ICICI Gold Loan	7.00% – 16.10%
Muthoot Finance Gold Loan	7.00% – 24.00%
Axis Bank Gold Loan	7.00% – 17.00%
Manappuram Gold Loan	7.00% – 26.00%
Yes Bank Gold Loan	7.00% – 15.99%
Bank of India Gold Loan	7.00% – 26.00%
Federal Bank Gold Loan	7.00% – 13.50%
IIFL Gold Loan	7.00% – 12.00%
Central Bank of India Gold Loan	7.00% – 14.65%
Canara Bank Gold Loan	7.00% – 12.65%
Allahabad Bank Gold Loan	7.00% – 10.45%
Induslnd Bank Gold Loan	7.00% – 15.75%
PNB Gold Loan	7.00% – 11.75%
Bajaj Finance Gold Loan	7.00% – 26%
SBI Gold Loan	7.00% – 15.99%
Indian Bank Gold Loan	7.00% – 15.99%
UCO Bank Gold Loan	7.00% – 26.00%
Kotak Mahindra Bank Gold Loan	7.00% – 13.50%
Syndicate Bank Gold Loan	7.00% – 12.00%