Gold loan Durgapur

Gold Loan @ 7%

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Gold Loan Durgapur 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

About Gold Loan Durgapur

Why wait ? when you can get a loan sanction in just 45 minutes. Attractive Interest rates and lower EMI. Apply now and get unmatchable offers and benefits.

What is Gold Loan?

The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. 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. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.

Major Gold Loan Providers in Durgapur

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*

 

Advantages of taking Gold loan:-
west Interest Rate

Processing & Prepayment Fee on Gold Loan Durgapur

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

 

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

Check Your Eligibility:

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

Documents

      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

Know about the terms and conditions:

      1. Foreclosure Charges- charges 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 interes

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%