What is the process of gold loan?
What is the process of gold loan?
The idea of a gold loan is simple; you pledge your gold articles and get the loan amount in lieu. To do so, you visit a lending institution with the gold you want to pledge and the required documents. The lender performs gold purity checks and determines its weight on the basis of which it evaluates its market value.
How can I get gold loan in Bangalore?
Documents Required to Get Gold Loans in Bangalore
- Signed Application Form.
- ID Proof (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
- Address Proof (photo copies of recent Telephone Bills/ Electricity Bill)
- Signature Proof.
- Pan Card/Form 60.
- Age Proof.
How long does it take to process gold loan?
Gold loan can be sanctioned in 90 to 120 mins approx. in general from end to end, if KYC and 3 colour photos are available. There could be delay, if the customer has to get the KYC documents, photos, etc. 2.
Which bank is best for gold loan in Bangalore?
Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Bangalore
| Bank | Interest Rate | Eligible Loan Amount For Max Tenure |
|---|---|---|
| SBI Gold Loan | 7.50% | Rs. 20 Lakh for 36 months |
| Muthoot Gold Loan | 11.99% | Rs. 50 Lakh for 36 months |
| Manappuram Gold Loan | 12.00% | Rs. 1 Cr for 12 months |
| HDFC Bank Gold Loan | 9.90% | Rs. 50 Lakh for 24 months |
Which bank is best for gold loan 2021?
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 |
Will Muthoot Finance become bank?
The Muthoot Group, with businesses across diverse sectors, has set its eyes on a new banking licence, believing it is well suited for transforming Muthoot Finance, the country’s largest gold loan company, into a bank.
How to make Muthoot gold loan payment via webpay?
Steps to make Muthoot Gold Loan payment via Muthoot WebPay: Step 1- Click here to visit the official website of Muthoot Finance. Step 2- On the left side bar, click on the ‘online gold loan’ option. Step 3- On the next page, enter your Username and Password and click on ‘Login’.
Which is the best gold loan provider in India?
Muthoot Finance is regarded as the most popular gold loan providers in India, so expect utmost ease and transparency when you avail a gold loan from us. At Muthoot Finance, we are well aware of the customer’s sentiment attached with the ornaments.
How do I Close my Muthoot Finance gold loan?
To close your Muthoot Finance gold loan, you are required to repay the principal amount and interest accrued either online or by visiting the branch office. Irrespective of the fact where you pay your amount, the final collection of the pledged gold will have to be from the initial branch where it was pledged.
Why choose Muthoot Fincorp?
With Muthoot Fincorp, you can make a head start by availing loans against your gold the easiest and smart way.
