Gold Loan Gurgaon

Gold Loan @ 7%

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Gold Loan Gurugram 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

All about Gold Loan Gurgaon:

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 Gurgaon

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 a Gold Loan Gurgaon:-

  1. First of all Gold Loan Gurgaon is available online.
  2. After that, the process of application is very easy and simple.
  3. Besides that, the interest rates are quite low because the gold loan is considered as a secured loan.
  4. If you apply through www.bookmyloans.in then your documents will be picked up from your doorstep.
  5. The overall process is hassle-free.

Processing & Prepayment Fee on Gold Loan Gurgaon

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

 

Gold Loan Gurgaon Interest Rate:

  1. The interest rates keep on changing from time to time but usually, it starts at 1% per month.

Gold Loan Gurgaon Eligibility

  1. Minimum Age of the Applicant- 21 Years
  2. Maximum Age of the Applicant- 65 Years
  3. Minimum Amount you can take by pledging your Gold Ornaments- INR 18000
  4. The minimum amount of Gold for your Cash disbursal of INR 18000 is 10 gms
  5. The purity of the pledged Gold should be between 18 karats to 22 karat
  6. The gold ornaments against which you are asking for a loan should be owned by the borrower or his/her family members.

Documents Required for Gold Loan Gurgaon:

Following Are the Documents required for your Gold Loan Gurgaon

  1. Identity Proof: Aadhar card/ PAN Card/ Voter ID Card/ Driving License
  2. Address Proof: Aadhar card/ PAN Card/ Voter ID Card/ Driving License/Ration Card
  3. For Rental: Rent Agreement, Utility Bills of last 3 months
  4. For Own Property: Address proof such as Aadhar Card
  5. One copy of Pancard
  6. Passport sized Colored 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 interest.

The loan is available in three schemes

  1. Term Loan
  2. EMI
  3. Overdraft.
  4. A customer is free to choose one according to his/her convenience.

About Gurgaon

Gurgaon is a city in Haryana. To get a gold loan in Gurgaon just visit www.bookmyloans.in.

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%