Andhra Bank Gold Loan

Gold Loan @ 7.10%

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Andhra Bank Gold Loan Key Features – Apply Now!

Andhra Bank Gold Loan Interest Rate 7.10% per annum
Andhra Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
Andhra Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Andhra Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Andhra Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Andhra Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Andhra Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Andhra Bank Gold Loan

Andhra Bank is a medium-sized public-funded bank that was founded in November 1923, with its headquarters set up in Hyderabad. Gold Loan is one of the major income sources for the bank and thus Andhra Bank Gold Loan is one of the easiest ways for you to gain access to easy cash. These are the type of loans in which cash is granted to the applicant against gold.

Andhra Bank Gold Loan Interest Rate

The interest rate of Andhra Bank Gold Loan starts from 10.70%. The more the interest rate more will be the EMI. The scheme which will be followed for the repayment of the loan is the Bullet repayment scheme.

Andhra Bank Gold Loan Eligibility

There are some conditions that the applicant should fulfill to get an Andhra Bank Gold Loan. These are written below

  1. 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.
  2. Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
  3. After that, the applicant should have gold in the form of jewelry. But the purity of the gold must lie between 18 karats to 22 karats.

Andhra Bank Gold Loan Features

  1. First of all, Andhra Bank doesn’t accept gold in the form of gold bars, and gold coins.
  2. The starting amount that can be provided to the customers is Rs.10,000 here and it can be extended up to one Crore.
  3. Time for the disbursal of the loan is very less here. Therefore you will be able to get the amount of loan in your account within a few minutes.
  4. Andhra Bank provides very tight security to the gold assets provided by the customers. So the customer’s gold is kept under three-layer security. So there is no risk.
  5. Most noteworthy is that there are no charges for closure.
  6. Andhra Bank provides the facility of prepayment also, there are no penalty charges for this.
  7. The customer can return the loan amount from 1 day to 36 months.
  8. 1% of the loan amount is charged as the processing fees. Most importantly there are no prepayment or part payment charges.
  9. Besides, that service tax and other governmental tax charges will be applied.

Advantages of Taking a Gold loanAndhra Bank Gold Loan

  1. Easy and Hassle-free Process
  2. Approval in 30 minutes
  3. Simple Documentation
  4. Dedicated Assistance
  5. No salary certificate or credit card history is required
  6. Lowest Interest Rate

Documentations

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
  2. 3 passport size photos
  3. A passport acts as an ID proof because a passport has a name, age, address, and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately.
  4. Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. Driving license can also be a proof of identity and residence proof because it contains the name, date of birth, and a photograph of the customer.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents financial frauds. So it can be an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.

Know about the terms and conditions

  1. Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
  2. foreclosure charges can be up to 1%. The minimum loan tenure is 6 Months.
  3. So foreclosure charges after 6 months are 0.
  4. Charges for late payment of Loan Amount
  5. 2% p.a. as penal interest over and above the applicable rate of interest.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans, and here we are to offer loans and tell you why Magicloans.in is better than other websites.

Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your Gold Loan from us
  2. After that, you have to fill the personal Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.

Andhra Bank Gold Loan Features

  1. First of all, Know your Personal loan eligibility in 1 minute, available online, and across all branches.
  2. After that, Highly competitive interest rates for personal loans.
  3. Besides that, Special offers, interest rates, and nominal charges for Andhra Bank Bank account holders.
  4. And Special personal loan offers* for women employees.

Andhra Bank Gold Loan Benefits

  1. First of all, Simple documentation
  2. After that, Competitive pricing
  3. Besides that, personal loan disbursal is very quick.
  4. And Transparent procedure
  5. Personal loans available for Marriage and other Personal Needs.

How to Apply on magicloans.in?

  1. To begin with, you have to look up for magicloans.in on google.
  2. Thereafter, a form will open up and you have to fill-up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for magicloans.in on google

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%