Karvy Finance Gold Loan

Gold Loan @ 7.10%

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Karvy Finance Gold Loan Key Features – Apply Now!

Karvy Finance Gold Loan Interest Rate 7.15% per annum
Karvy Finance Gold Loan Per Gram Rate Per Gram Today is ₹ 5,293
Karvy Finance Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Karvy Finance Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Karvy Finance Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Karvy Finance Gold Loan Repayment Tenure 3 Months to 24 Months
Karvy Finance Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Karvy Finance Gold Loan:

Karvy is a financial firm which is headquartered in Hyderabad. Being a financial firm it offers a lot of financial services like stock broking, wealth management, commodities broking etc. The firm also provides Gold Loan which is yet another source of income for them. These are the type of loans which are given against the applicant’s gold. Through gold loans an applicant can have access to easy cash.

Eligibility for Karvy Finance Gold Loan:

There are some conditions that the applicant should fulfill to get a Karvy Finance 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.
  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, applicant should have gold in the form of jewelry. But the purity of the gold must lie above 20 carats or equal to it. Along with that, the quantity of the gold should be above more than 10 grams.

Features:

  1. Starting amount of that can be provided to the customers is Rs.18000.
  2. 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.
  3. The tenure of the loan is 12 months.
  4. Karvy Finance Gold Loan provides very tight security to the gold assets provided by the customers. So customer’s gold is kept under three-layer security. So there is no risk.
  5. Most noteworthy is that there are no charges for the for closure.
  6. Karvy Finance Gold Loan provides the facility of prepayment also, there are no penalty charges for this.
  7. The customer can pay the interest in 30, 90 and  180 days which makes it very flexible.
  8. 1% of the loan amount is charged as the processing fees.
  9. Most importantly, there are no prepayment or part payment charges.
  10. Besides, that service tax and other governmental tax charges will be applied.

Interest Rate for Karvy Finance Gold Loan:

Interest rate of Karvy Finance Gold Loan starts from 7.10%. More the interest rate more will be the EMI. The scheme which will be followed for the repayment of the loan is Bullet repayment scheme.

Documentations for Karvy Finance Gold Loan:

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 from the financial frauds. So it can be an identity/residence proof. Pan card is 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.

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 personal 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.

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 Karur Vysya Bank account holders.
  4. And Special personal loan offers* for women employees.

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%