Gold Loan Kullu

Gold Loan Kullu 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 Kullu

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 Kullu

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 Kullu

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 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%