Gold Loan Gurgaon Features:
Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
Gold Loan Gurgaon Interest Rate | 7.0% per annum |
Gold Loan Gurgaon Per Gram | Rate Per Gram Today is ₹ 5,268 |
Processing Fee | 1.50% of the Principal Loan Amount |
Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
Repayment Tenure | 3 Months to 24 Months |
Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
What is Gold Loan Gurgaon?
Are you in urgent need of money but are not eligible for getting a loan? If you have Gold of required quality and quantity, you can easily get a loan against your Gold. The process of claiming a gold loan is much easy and time-saving. We will provide you with all the information that you may need for Gold Loan Gurgaon.
Eligibility Criteria for Gold Loan Gurgaon:
- There are some eligibility criteria that the applicant has to qualify to get a gold loan:
- First of all, the minimum age of the applicant should be 18 years.
- After that, the applicant should have Indian citizenship.
- Furthermore, to apply for a gold loan, you should have a minimum of 10 grams of gold.
- Gold should be between 18-22 carats.
Documentation For Gold Loan Gurgaon:
The process of documentation in a gold loan is very easy and simple. Certain documents that are required to get a gold loan are as follows:
- First of all, one proof of identity is required. Any one of the given proofs is accepted (AadhaarCard/Voters Card/Driving License/ Passport)
- After that, one proof of residence is also required to get a gold loan. It can be (AadhaarCard/PAN Card/Ration Card/ Electricity Bill of last three months with the name of the applicant/ Telephone Bill of last three months with the name of applicant / Passport Copy)
- In Addition to that, 2 passports sized coloured photographs are also required to get a gold loan.
- Proof of ownership of Land is required if you are applying for an agriculture gold loan.
Major Gold Loan Providers in Gurgaon:
Feature |
HDFC Bank | ICICI Bank | Muthoot Finance |
Interest Rate |
9.90% |
10.50% |
12% |
Min Loan Amt |
Metro : 25000, Non : 15000 |
25000 |
15000 |
Max Loan Amt | 1 Cr | 1 Cr |
1 Cr |
Loan Tenure |
3 months to 24 months | 9 months to 24 months | 1 month to 24 months |
Processing Fee | 0.25% to 1.50% of the Loan Amt | 0.25% to 1.50% |
Nil |
Preclosure Chgs |
2%, Nil foreclosure charges after 3 months | 2%, Nil foreclosure charges after 9 months | Nil |
Overdraft Facility | Yes | Yes |
Yes |
Pay Only Interest Facility |
Yes | Yes | Yes |
Gold Rate Per Gram | 2500 | 2600 |
2700* |
Interest Rates for Gold Loan Gurgaon:
- Firstly, the interest rate charged by the banks ranges from 10.5% to 15%.
- Processing fee charged by the bank is up to 2% of loan amount.
- Loan tenure can range from 6 months to 36 months.
Features of Gold Loan Gurgaon:
- First of all, the gold loan is very easy to apply.
- After that, gold Loan gets disbursed within 30 minutes.
- Furthermore, the interest rates on the gold loan are quite affordable and satisfactory.
- Besides that, in a gold loan, the documentation process is very easy and simple.
- Also, The gold loan requires no credit checks.
- Moreover, there is in house gold evaluation.
- Gold Loans are highly liquid, which help the customer in easy convertibility.
Processing & Prepayment Fee on Gold Loan Gurgaon:
Bank |
Processing Fee |
Prepayment Charges |
HDFC Bank Gold Loan |
0.25% to 1.50% | 2%, Nil foreclosure charges after 3 months |
Axis Bank Gold Loan |
0.50% to 1.50% |
Nil |
ICICI Bank Gold Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 9 months |
SBI Gold Loan |
500/- to 0.50% | Nil |
Kotak Gold Loan | 1% to 2% |
2.25% of foreclosure amount if closed 1 month ahead of the tenure. |
IIFL Gold Loan |
Nil | Nil |
Muthoot Gold Loan | Nil |
Nil |
Manappauram Gold Loan |
Nil | Nil |
PNB Gold Loan | 0.70% to 1% |
Nil |
Canara Bank Gold Loan |
1% | Nil |
Andhra Bank Gold Loan | Nil |
Nil |
How to apply for Gold Loan Gurgaon:
- First of all the applicant needs to visit www.magicloans.in
- After that, the applicant fills the application with the required information.
- But the applicant should fill the contact number.
- At last, the applicant gets a call from our side if he/she is eligible.
Forms of Gold:
- Not every form of gold is considered by the bank to provide the Gold Loan. There are some restrictions.
- First of all, the purity of the gold should lie in between 18 Karats to 22 Karats.
- After that, gold in the form of jewellery is accepted.
- Besides that, raw is gold is not accepted.
- Furthermore, gold coins that weigh less than 50 Grams are easily accepted.
Why Magicloans?
- First of all, www.magicloans.in offers a very easy process of application of the gold loan.
- After that, the customer gets a good comparison of the interest rates of other banks as well.
- Finally, the company provides the document pickup facility from your doorstep.
About Gurgaon:
Gurgaon is a city located in the state Haryana, India. This city is officially known as Gurugram. It is situated near the Delhi-Haryana border. Gurgaon has now become a leading industrial and financial hub with the third-highest per capita income in India. For more information on Gold Loan, you can visit our official website.
Gold Loan Interest Rate of Major Banks
Bank |
Interest Rates |
7.10% – 14.50% |
|
7.10% – 16.10% | |
Muthoot Finance Gold Loan |
7.10% – 24.00% |
7.10% – 17.10% | |
Manappuram Gold Loan |
7.10% – 26.00% |
7.10% – 15.99% | |
Bank of India Gold Loan |
7.10% – 26.00% |
7.10% – 13.50% | |
IIFL Gold Loan |
7.10% – 12.00% |
7.10% – 14.65% | |
7.10% – 12.65% |
|
Allahabad Bank Gold Loan |
7.10% – 10.45% |
7.10% – 15.75% | |
PNB Gold Loan |
7.10% – 11.75% |
7.10% – 26% | |
SBI Gold Loan |
7.10% – 15.99% |
7.10% – 15.99% | |
UCO Bank Gold Loan |
7.10% – 26.00% |
7.10% – 13.50% | |
Syndicate Bank Gold Loan |
7.10% – 12.00% |