List of Gold Loan Providers

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List of Gold Loan Providers

Gold loan is a very popular financial product. Because it is very easy to access and secure. Gold loans easily get disbursed within a few minutes. Customers can use that amount to fulfill their personal needs and for business purposes as well. Gold Loan is useful in many essences but most important is that your gold will be at the safest place. The bank takes full guaranty of your gold. Even if you want to put your gold in bank lockers safely and securely then you have to pay to the bank for it but bank provides you locker only not security. So it’s better to get a Gold Loan, you will get money and security at the same time. Bank will be responsible for any kind of miss happening. Gold loan is available at very fewer interest rates in many banks.

So many nonbanking financial companies also provide you with a Gold Loan, and very less paperwork is required to complete these formalities. Another reason to go for a gold loan is that sometimes customers are not eligible to get other loans like a personal loan or a home loan or any kind of business loan, because of their bad credit history or any other reasons. So gold loan doesn’t require that much of formalities. you can easily get a Central Bank of India Gold Loan if you have gold.

There are so many banking and nonbanking financial companies I India that provide gold loans at very cheap interest rates. Every bank and the nonbanking financial organization has different criteria for eligibility. Let us discuss them one by one

HDFC Bank

You can easily get the Gold Loan from HDFC Bank within a few minutes. All you need is gold and some documents. You can get financial aid to start your new business, or you can fulfill any of your personal needs. And the best thing about the gold loan is that it can be approved within a few minutes. You do not need to do formalities like you have to do in case of other loans like a personal loan or car loan. You can fill online form for the HDFC Gold Loan at lendingwale.com. On our site, you can easily get to know about the interest rate and the eligibility criteria as well. As we know that HDFC is on the reliable financial organization so there is no fear of fraud.

Forms of Gold Accepted For A Gold Loan

You need to have gold of purity 18 carats to 24 carats. It can be in any form given below

  • Gold jewelry is acceptable
  • Gold coins are also taken by banks for a gold loan
  • Gold bricks can also be considered by banks while providing a gold loan to the customers.

Eligibility  

There are some conditions that the applicant should fulfill to get a gold loan. These are written below

  • Age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  • Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 carats to 24 carats.
  • Applicant should be a citizen of India.

Axis Bank Gold Loan

Axis Bank is one of the largest private sector banks. Axis Bank provides a gold loan at very low-interest rates. And the process is very easy and hassle-free and very fewer documents are required. There is no need to show any income proof or any kind of salary slip. you just need to have gold. you can apply online for a gold loan on lendingwale.com. it is very simple to apply. There is no need to go to the bank. Since the bank is very trustworthy and reliable so we can easily trust the bank’s policies and the security. There is no fear of fraud. The bank is taking all the responsibility for your gold assets.

Eligibility  

There are some conditions that the applicant should fulfill to get a gold loan. These  are written below

  • First of all age of the applicant should be more than 18 years and less than 75 years. He/she should be able to return the loan amount on time.
  • After that applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 24 karats.

Interest Rate

Interest rate starts from 10.49% of the principal amount.

Bank will provide you up to Rs. 20 Lakhs Bank will accept gold in all forms with purity 18 karat to 22 karats. You have to return back the amount of loan within 24 months.

Gold Loan SBI

SBI provides a gold loan to its customers up to Rs. 20 lakhs. So if you have enough gold and you need loan then don’t wait for tomorrow. You can get a gold loan within few minutes. This is also known as a loan against Gold. Not each and every bank accords you a gold loan. There are only a few financial organizations that can provide you a loan against banks. SBI is one of those financial organizations which provide you a loan against gold.

Eligibility 

There are some conditions that the applicant should fulfill to get a gold loan. These are :

• First of all age of the applicant should be more than 21 years and less than 65 years. He/she should be able to return the loan amount on time.

• After that applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 24 karats

• Any person who has a rigid source of income or any pensioner can get SBI Gold There is no need for a source of income.

• Applicant should be a citizen of India

Interest Rate

Interest rate starts from 10.25% of the principal amount.

Bank will provide you Rs. 20000 to Rs. 20 Lakhs. Bank will accept gold in all forms with purity 18 karat to 22 karats.

Central Bank of India Gold Loan

Central Bank of India of India provides Gold Loan to the customers at very reasonable interest rates. This is a government-owned bank and it is serving its customers since 1911. You can easily get Central Bank of India gold loan by applying online on lendingwale.com. So if you have gold and you need money to fulfill your personal needs or start a new business then you can apply here. you will get your loan approved here within a few minutes. You will get back your gold whenever you return your loan amount with interest. Bank takes care of the security of your gold and bank is totally responsible for any kind of mishappening. You can easily trust the security policies of the bank. Because it is one of the oldest banks in India.

Eligibility  

There are some conditions that the applicant should fulfill to get a gold loan. These  are written below

  • First of all age of the applicant should be more than 21 years and less than 65 years. He/she should be able to return the loan amount on time.
  • After that applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 24 karats.

Interest Rate

Interest rate starts from 9.60% of the principal amount. And the MCLR rate starts from 7.90% to 8.50%.

Bank will provide you Rs. 10000 to Rs. 100000. Bank will accept gold in all forms with purity 18 karat to 22 karats.

Federal Bank Gold Loan

Federal Bank is one of the gold provider private sector commercial bank in India. It provides loan against the gold at very low-interest rates. Bank keeps your gold assets in tight security and returns them back when you pay back your loan amount. You have to give prescribed interest rate to the bank on time. You can use this money for your personal purposes and for the business purposes as well.

Eligibility  

There are some conditions that the applicant should fulfill to get a gold loan. These are written below

  • First of all age of the applicant should be more than 21 years and less than 65 years. He/she should be able to return the loan amount on time.
  • After that applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 24 karats.

Interest Rate

Interest rate is 11.7% onwards.

Bank will provide you Rs. 1000 to Rs. 75 Lakhs. Bank will accept gold in all forms with purity 18 karat to 22 karats. There are no prepayment charges applied by the bank. Processing fees are zero.

The time duration for the loan is from 6 months to 12 months.

Non-Banking financial companies

Manappuram Gold Loan

If you’re not eligible to get any other loan due to some reasons. Then don’t get disappointed.  If you have gold then what would be better than this to you. You can make of this gold to rescue yourself from any recession. Manappuram is a non-banking financial organization that can provide you a gold loan. This is the first nonbanking financial company having registration certificate provided by RBI. One can easily trust this company because there is no chance of fraud. Manappuram Gold Loan mainly provides a gold loan to the customers at reasonable interest rates.

Interest Rate

Manappuram Gold Loan starts from 9.90% interest rate that is very low as compared to other financial organizations.

Processing fees of Rs. 10 is charged at the time of settlement.

Most importantly the time period of the loan is 1 day to one month.

If you are an existing customer of Manappuram then they will provide you fewer interest rates.

Amount of loan provided can be 1000 to 1cr.

Besides, that prepayment charges are zero Rs.

Eligibility For Manappuram Gold Loan

There are some conditions that the applicant should fulfill to get a gold loan. These  are written below

  •   First of all age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  •   After that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
  •   Besides, that applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 carats to 24 carats.

Muthoot Finance Gold Loan

Muthoot Finance is the biggest gold financing company in India. This financial organization doesn’t limit only India but it has its’s business in other countries like the UK, US, and the United Arab Emirates. It is a well established and trustworthy financial organization. There is no risk of fraud. It has accomplished very good relations with the customers. It provides its services to 2 Lakh people per day. So if you want to apply for a gold loan you can easily apply for Muthoot Finance Gold Loan online on lendingwale.com. you just have to give your gold to the organization as a security. The organization will provide your loan amount with some interest. When you will pay back your loan amount with interest within the given period of time you will get back your gold loan. There are so many benefits that Muthoot Finance provides to its customers.

Eligibility  

There are some conditions that the applicant should fulfill to get a Muthoot Finance Gold Loan. These are

  • First of all the age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  • After that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
  • Most noteworthy applicant should have gold in the form of jewelry. But the purity of the gold should be 18 karats to 22

Interest Rate

  • Interest rate of Muthoot Finance Gold Loan starts from 12%. More the interest rate more will be the EMI. You can pay back your loan in two ways. Either you can keep the EMI constant and change the time period of the loan Or you can decrease the EMI and keep the time period of the loan same.
  • The interest rate for one month is 11%.
  • It will be 15% for 1 to 3 months.
  • For 3-12 months the interest rate will be 20% and for more than 12 months it is 21%.

Why lendingwale.com

Why we are suggesting applying for the Gold Loan by using lendingwale.com over other sites. Lendingwale.com knows the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them :

  • First of all, if you apply for the Gold Loan from lendingwale.com you will get so many benefits.
  • You just have to fill the Gold Loan form and you will get a call from outside automatically.
  • Besides that, you may get some more concessions on the interest rates.
  • Furthermore, there is no need to go to the bank.
  • After that Bank provides document pickup facility from your doorstep.
  • You don’t need to go here and there to ask for interest rate or to get to know about EMI ’s. All you need is to apply on lendingwale.com and you will get back a call back within a few minutes with all the information. So Gold Loan is only one step away from you.



Leading Gold Loan Providers
HDFC Gold Loan ICICI Gold Loan Muthoot Gold Loan Manappuram Gold Loan
Axis Bank Gold Loan SBI Gold Loan Yes Bank Gold Loan PNB Gold Loan