Gold Loan Mohali 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 Mohali :
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 Mohali
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 Mohali:-
- First of all Gold Loan Mohali is available online.
- After that, the process of application is very easy and simple.
- Besides that, the interest rates are quite low because the gold loan is considered as a secured loan.
- If you apply through www.bookmyloans.in then your documents will be picked up from your doorstep.
- The overall process is hassle-free.
Processing & Prepayment Fee on Gold Loan Mohali
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 Mohali Interest Rate:
- The interest rates keep on changing from time to time but usually, it starts at 1% per month.
Gold Loan Mohali Eligibility
- Minimum Age of the Applicant- 21 Years
- Maximum Age of the Applicant- 65 Years
- Minimum Amount you can take by pledging your Gold Ornaments- INR 18000
- The minimum amount of Gold for your Cash disbursal of INR 18000 is 10 gms
- The purity of the pledged Gold should be between 18 karats to 22 karat
- 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 MohaliL:
Following Are the Documents required for your Gold Loan Mohali
- Identity Proof: Aadhar card/ PAN Card/ Voter ID Card/ Driving License
- Address Proof: Aadhar card/ PAN Card/ Voter ID Card/ Driving License/Ration Card
- For Rental: Rent Agreement, Utility Bills of last 3 months
- For Own Property: Address proof such as Aadhar Card
- One copy of Pancard
- Passport sized Colored photographs.
Know about the terms and conditions:
-
-
- Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
- foreclosure charges can be up to 1%. The minimum loan tenure is 6 Months.
- So foreclosure charges after 6 months are 0.
- Charges for late payment of Loan Amount
- 2% p.a. as penal interest over and above the applicable rate of interest.
-
The loan is available in three schemes
- Term Loan
- EMI
- Overdraft.
- A customer is free to choose one according to his/her convenience.
About Mohali
Mohali is a city in Punjab. The city is present at southwest to the U.T Chandigarh. Getting a Gold Loan in Mohali is very easy nowadays. The customer just has to visit www.bookmyloans.in and fill the online application form.
Steps to Apply
Fill the online application form with the required fields.
For more information call on 9592046860.
Gold Loan Interest Rate of Major Banks
Bank |
Interest Rates |
7.00% – 14.50% |
|
7.00% – 16.10% | |
Muthoot Finance Gold Loan |
7.00% – 24.00% |
7.00% – 17.00% | |
Manappuram Gold Loan |
7.00% – 26.00% |
7.00% – 15.99% | |
Bank of India Gold Loan |
7.00% – 26.00% |
7.00% – 13.50% | |
IIFL Gold Loan |
7.00% – 12.00% |
7.00% – 14.65% | |
7.00% – 12.65% |
|
Allahabad Bank Gold Loan |
7.00% – 10.45% |
7.00% – 15.75% | |
PNB Gold Loan |
7.00% – 11.75% |
7.00% – 26% | |
SBI Gold Loan |
7.00% – 15.99% |
7.00% – 15.99% | |
UCO Bank Gold Loan |
7.00% – 26.00% |
7.00% – 13.50% | |
Syndicate Bank Gold Loan |
7.00% – 12.00% |