Gold Loan Ahmedabad Features:
| Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Gold Loan Interest Rate | 7.0% per annum |
| Gold Loan 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 |
All about Gold Loan Moga
Why wait? when you can fulfill your financial need in just one click. Apply now for gold loan and get attractive interest rates and lower EMI. Easy and fast process. Don’t think much apply now and enjoy the available offers and benefits.
What is Gold Loan?
The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments.. Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage or other family problems. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.
Advantages of taking Gold loan Moga
- Easy and Hassel-free Process
- Approval in 30 minutes
- Simple Documentation
- Dedicated Assistance
- No salary certificate or credit card history is required
- Lowest Interest Rate
Major Gold Loan Providers in Ahmedabad:
|
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 Rate for Gold Loan Moga
- Generally gold loan is available at the interest rate of 11.5% to 14.5%
- ROI for tenure less than 1 year is also available at 1%
- Processing fees equals to 2000
- Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot
Check Your Eligibility for Gold Loan Moga
-
- Age: 21 years and above
- Profession: Anybody with Steady source of income including: Bank’s Employees, Pensioners
Processing & Prepayment Fee on Gold Loan Ahmedabad:
|
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 |
Documents for Gold Loan Moga
-
-
- Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
- Address proof(Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
- Signature proof ( Passport/ PAN Card/Banker’s verification/ cheque).
- 2 passport size photographs
-
Know about the terms and conditions:
-
-
- Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
- foreclosure charges can be up to 1%.The minimum loan tenure is 6 Months.
- So foreclosure charges after 6 months are 0.
- Charges for late payment of loan Amount
- 2% p.a. as penal interest over and above the applicable rate of interest.
-
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% |