• 9863020202    
  • contact@financeseva.in
Gold Loan @ 10% Onwards
Having Gold can help you in difficult times, You can avail loan by pledging your gold ornament & jewelry.
Enquiry Form
Gold Loan: AppLy For GolD Loan Online @ 10% Onwards
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month) Forclosure Charge
Bank of Baroda
6.60% - 8.00%
1%
25
12
3%
Bank of India
7.40% - 8.00%
1%
25
12
3%
Bank of Maharashtra
7.35% - 8.00%
1%
25
12
3%
Canara Bank
7.00% - 7.50%
1%
25
12
3%
Central Bank of India
8.50% - 9.05%
0.5%
20
12
3%
7.00% - 7.50%
1%
20
12
3%
Indian Bank
7.00% - 8.00%
1%
20
12
3%
Indian Overseas Bank
8.15% - 9.00%
1%
25
36
3%
Punjab & Sind Bank
7.60% - 8.50%
1%
25
12
3%
Punjab National Bank
8.75% - 10.95%
1%
25
12
3%
State Bank of India
7.50% - 8.50%
1%
50
12
3%
UCO Bank
8.50% - 9.50%
1%
25
12
3%
Union Bank of India
7.70% - 8.20%
1%
25
12
3%
United Bank of India
9.35% - 10.00%
1%
10
12
3%
HDFC Bank Ltd
8.95% - 11.02%
1%
20
12
2%
ICICI Bank Ltd.
10.00% - 19.76%
1%
10
12
3%
IDFC First Bank
7.50% - 8.50%
1%
10
12
3%
IndusInd Bank
12.78% - 15.00%
1%
10
12
3%
Kotak Mahindra Bank
10.00% - 17.00%
2%
20
12
3%
RBL Bank Ltd.
10.00% - 11.00%
1%
25
12
3%
South Indian Bank Ltd.
11.95% - 12.00%
1%
25
12
3%
YES Bank Ltd.
9.99% - 11.50%
1%
10
36
3%
Bank Name Min Interest Rate
Bank of Baroda

6.60% - 8.00%

Bank of India

7.40% - 8.00%

Bank of Maharashtra

7.35% - 8.00%

Canara Bank

7.00% - 7.50%

Central Bank of India

8.50% - 9.05%

7.00% - 7.50%

Indian Bank

7.00% - 8.00%

Indian Overseas Bank

8.15% - 9.00%

Punjab & Sind Bank

7.60% - 8.50%

Punjab National Bank

8.75% - 10.95%

State Bank of India

7.50% - 8.50%

UCO Bank

8.50% - 9.50%

Union Bank of India

7.70% - 8.20%

United Bank of India

9.35% - 10.00%

HDFC Bank Ltd

8.95% - 11.02%

ICICI Bank Ltd.

10.00% - 19.76%

IDFC First Bank

7.50% - 8.50%

IndusInd Bank

12.78% - 15.00%

Kotak Mahindra Bank

10.00% - 17.00%

RBL Bank Ltd.

10.00% - 11.00%

South Indian Bank Ltd.

11.95% - 12.00%

YES Bank Ltd.

9.99% - 11.50%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Gold Loan Eligibility Criteria?

Gold Loan is one of the preferred Loan in terms of financial needs. Gold Loan interest rates are most affordable. The best part of the gold loan is it does not need any specific purpose to opt. For any purpose you may opt, it might a personal, business, education, marriage, hospital expense & for number of reasons.

Gold is such an asset that can help you in your hurdle times. It requires only minimal documentation. At the same time, you need to meet specific eligibility criteria to avail Loan Against Gold.

Gold Loan Eligibility Criteria

Usually, Gold Loan Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant, course type & residency..etc.

  • • Age Limit of Individuals – 18 to 60 years of age
  • • If Individual age is above 70 & need to add co-borrower
  • • Gold Karat must be in-between 18 – 24 karat
  • • Nationality - Resident of Indian

Note: - You can avail Maximum Loan Amount on Gold Loan is Up to 90% of Gold Value.

What are the factors affecting Gold Loan Eligibility Criteria?

There are factors that affects Gold Loan Eligibility Criteria as given below: -

Loan Amount: - One of the major reasons affecting eligibility is your requirement, as lenders will fund up to 90% of gold value. Therefore, demanding higher loan amount may lower your eligibility criteria.

Lower Income: - Gold loan might be a secured loan, but lender will check your monthly income to your repaying capacity. As higher the monthly income as the Loan amount depends on your eligibility.

Applicant Age: - This is a significant factor affecting your gold loan eligibility, as per the standard terms & norms of age in-between 18 – 60 years for applying gold loan, therefore avoid before & after the age norms for loan rejection.

How Gold Loan helps to increase Credit Score?

As most of you, for any type of role one common factors that affect your loan application is none than a credit score, it might be personal loan, home loan, business loan, project loan, car loan & various loan.

Due to some unpaid or late paid payment your credit score ranging had affected a lot, how bad would be your credit score might be, you don’t need to worry when you have one ultimate solution to increase your credit score.

If you have gold ornaments & jewelry with you then, no one can stop you from borrowing loan against your gold. By paying Proper EMI on time your credit score range will gradually increase.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What is a Gold Loan?

It is a loan made sure about against the gold trimmings/Bank coins which a client pledge with the bank. The sum loan amount can be used for individual/business and some other non-speculative?purposes. It's is type of loan that can be profited rapidly and effectively as opposed to going to Pawn broker with higher rate of interest.  

What are the advantages of Gold Loan?

Simple and secure assets. Get a loan against the gold you own, to meet your different money-related needs effectively at appealing loan costs, with adaptable repayment choices for added budgetary straightforwardness.  

High Loan Value  

Loan up to Rs. 20 lakh, to satisfy all your money-related necessities.  

Exact Evaluation  

In-house assessment of your gold with a carat meter, for extra security of your resources  

Is the gold promised with banks safe?

Banks take a great deal of safety measures while putting away your gold and protect it until the loam sum is returned. They comprehend the sentimental worth joined to gold ornaments and go about as overseers while the gold remaining parts with them. 

What documents are needed for the approval of your gold loan?

Document needed for approval of your gold loan are :-  

  • Id verification, for example, your Driving License, Pan Card, Form 60/61, Passport, and Voter ID card. 
  • Address verification, for example, House Registration Documents, and Utility Bills  

What is the punishment for the delay in repayment of loan?

Bank ordinarily force a yearly punishment between 1% to 6% .This is an expansion to the rate that you would be paying for administration your loan.  

What are the eligibility measures needed for a Gold Loan?

Eligibility  Criteria  

So as to apply for a?Gold Loan, you should be:  

A trader, farmer, salaried or self-employed proficient, or businessman 

Somewhere in the range of 21 and 60 years old  

What is the maximum sum that can be approved under the gold loan plan?

The most extreme loan, actually the loan sum amount varies from one to another lenders. It can go between Rs. 1,500 and Rs 1 Crore relying upon the qualification models of specific bank/organization.  

How long it will require to finish the gold loan approval measure?

The loan approval measure for gold loan is extremely quick processing. If your application meets all the requirement. 

What are the extra fees that I should pay at the hour of taking a loan?

A nominal preparing expense is demanded on your gold loan. The handling expense charged fluctuates starting with one bank then onto the next however for the most part doesn't surpass 2% of the loan sum. Notwithstanding the handling expense, you are relied upon to pay a gold approval charge, which the bank will bring about.  

Related Topics

credit-report
business Credit Report
Improve Credit Report
Get Financial Statement

Join our Network of Happy Customer

9863-02-02-02