Which bank is better for gold loan?
Table of Contents
- 1 Which bank is better for gold loan?
- 2 Which bank is best for gold loan per gram?
- 3 What is SBI gold loan rate?
- 4 What is gold loan in SBI?
- 5 What is the rate of gold loan in SBI bank?
- 6 What is the gold loan interest rate in Andhra Bank?
- 7 Which is the best bank for gold loan in India?
- 8 How can I get a loan against my gold?
Which bank is better for gold loan?
List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021
| Gold Loan Providers | Interest Rate | Fee |
|---|---|---|
| HDFC Bank | 9.90\% onwards | 1.5\% + GST |
| ICICI Bank | 11\% p.a. onwards | 1\% of the loan amount |
| Canara Bank | 7.65\% p.a. onwards | 0.25\% of the loan amount |
| Axis Bank | 12.50\% p.a. onwards | 1\% plus GST |
Which bank is best for gold loan per gram?
Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL
| Bank / NBFC | Rate Per Gram | Interest Rate |
|---|---|---|
| ICICI Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00\% |
| Muthoot Finance Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00\% |
| Manappuram Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.25\% |
| Canara Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25\% |
Which bank has lowest interest rate for Jewel Loan?
Low Interest Gold Loan Rates: Top 5 Banks
| Banks | Interest Rate | Tenure |
|---|---|---|
| HDFC Bank | 9.00\% | 3 months to 24 months |
| Yes Bank | 9.99\% | 6 months to 36 months |
| ICICI Bank | 10.00\% | 6 months to 12 months |
| IndusInd Bank | 10.00\% | 3 months to 24 months |
Is SBI Gold Loan Safe?
Security – Gold items provided as security are returned on repayment of loan. Fast approval – This loan is easy to avail, with quick approval and minimal documentation. Low processing fee – SBI charges a processing fee of 0.25\% of the loan amount.
What is SBI gold loan rate?
7.50 per cent
SBI Gold Loan Interest Rate: State Bank of India is offering gold loan at an interest rate at 7.50 per cent.
What is gold loan in SBI?
State Bank of India (SBI) is one of the largest banks among the public sector banks in India. The bank offers SBI gold loan scheme to provide loan against gold jewellery which can be used for several requirements such as marriage, business expansion, education of the child, building a property, etc.
What is the gold loan rate per gram in SBI?
SBI Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621
| SBI Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621 |
|---|---|
| Eligible Age | 18 to 75 years |
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
Which Pakistani bank gives loan against gold?
If you’re a gold owner, you can apply for JS GoldFinance and get up to PKR 25 million against your gold. You can use the money to fulfill your dreams, from entrepreneurship to education, with the surety that your gold is safe with JS Bank.
What is the rate of gold loan in SBI bank?
7.30\%
RATE OF INTEREST (up to 31.12.2021)
| Scheme | Effective Interest Rate |
|---|---|
| Realty Gold Loan(all variants) | 7.30\% |
| For COVID WARRIOR | 7.30\% |
| For COVID WARRIOR On Bullet Repayment | 7.00\% |
What is the gold loan interest rate in Andhra Bank?
Andhra Bank Gold Loan Interest rate starts at 7.25\% with a loan tenure of 3 months to 12 months….Andhra Bank Gold Loan: Details 2021.
| Andhra Bank Gold Loan Rate | 7.25\% onwards |
|---|---|
| Prepayment Charges | Nil |
| Gold Loan Scheme | Bullet Repayment Scheme |
What is the rate of gold loan per gram in SBI?
SBI Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621
| SBI Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621 |
|---|---|
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
| Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
What is the rate of gold loan per gram in HDFC Bank?
HDFC Bank issues a Gold Loan per gram rate of ₹ 3,329 to ₹ 4,621 in line with the current gold rate….HDFC Gold Loan Key Features – Apply Online.
| HDFC Gold Loan Interest Rate | 9.00\% per annum (Loan Amt >= 5Lakh) |
|---|---|
| HDFC Gold Loan Repayment Tenure | 3 Months to 24 Months |
Which is the best bank for gold loan in India?
1 Best Banks Which Offers Gold Loans in India: Muthoot Finance Gold Loan. Manappuram Gold Loan. SBI Gold Loan. HDFC Gold Loan. ICICI Bank Gold Loan. PNB 2 What are the minimum and maximum loan amounts? 3 What is the gold loan tenure option? 4 What are the documents that I need to submit? 5 Do I have to pay any additional fee?
How can I get a loan against my gold?
You can avail loan against gold easily and with minimal documentation. Apart from banks such as SBI, ICICI Bank, HDFC Bank etc., non-banking finance companies (NBFCs) also offer gold loans to individuals. NBFCs that offer gold loans include Muthoot Finance, Manappuram Finance etc.
What is the interest rate on gold lending?
Lending institutions offer loan of up to 75\% of the gold value, after checking the metal for purity and ascertaining its market price. Coins and bars with higher purity offer more value than gold jewellery or that encrusted with precious stones, which is valued only for the gold component. The interest on loan can vary from 13\%-16\% per annum.
What is a gold loan and how it works?
In a gold loan, just like any other loan, the borrower is expected to repay the principal amount as well as interest at the end of tenor or through EMI. However, one can also pre-pay the total amount including principal and accrued interest before the end of the tenor or during the term.