Gold Loan Adampur

Gold Loan at 7.25% p.a

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Gold Loan Adampur Feature Table:

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Gold Loan Adampur Interest Rate 7.0% per annum
Gold Loan Adampur 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

 

Gold Loan is a secured loan. You can avail a loan from NBFC or a bank by pledging your gold. The interest rate varies by the purity of gold, loan to value ratio, and amount of credit. Gold Loan Adampur is available online.

Gold Loan Adampur Eligibility Criteria

  1. There are some eligibility criteria that the applicant has to qualify to get a gold loan. These are
  2. First of all the applicant should have Indian citizenship.
  3. After that, the minimum age of the applicant should be 18 years.
  4. Furthermore, to apply for a gold loan you should have a minimum of 10 grams of gold.

Documents Required for Gold Loan:

However, the process of documentation in a gold loan is very easy and simple but, still, there are certain documents that are required to get a gold loan.

  1. Residence Proof: After that, one proof of residence is also required to get a gold loan. It can be (Aadhar Card/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)
  2. Identity Proof: first of all one proof of identity is required. Anyone of the given proofs is accepted (Aadhar Card/Voters Card/Driving License/ Passport)
  3. In Addition to that 2 passports sized colored photographs are also required to get a gold loan.
  4. Proof of ownership of Land is required if you are applying for an agriculture gold loan.

Interest Rates :

In general gold, the loan is available at very easy rates of interest. The reason behind that the gold loan comes in the category of secured loans. So the interest rates are less than that of personal loan or any other kind of loans. Though the interest rates keep on changing time to time and person to person but still, the gold loan is available at 1% per month interest rate.

Major Gold Loan Providers in Adampur:

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*

 

Features of Gold Loan Adampur :

  1. It is noteworthy that the Gold Loan comes with so many features. So let us discuss them one by one.
  2. First of all the gold loan is very easy to apply.
  3. After that, gold Loan gets disbursed within 15 minutes.
  4. Furthermore, the interest rates on the gold loan are quite affordable and satisfactory.
  5. Besides that, in a gold loan, the documentation process is very easy and simple.
  6. Finally, the gold loan required no credit checks.

Gold Loan Adampur Procedure:

  1. First of all the applicant needs to visit www.loannow.in
  2. After that, the applicant fills the application with the required information.
  3. But the applicant should fill the contact number.
  4. After that, the applicant gets a call from our side if he/she is eligible.

Forms of Gold:

  1. Not every form of gold is considered by the bank to provide the Gold Loan. There are some restrictions.
  2. First of all the purity of the gold should lie in between 18 Karats to 22 Karats.
  3. After that, gold in the form of jewelry is accepted.
  4. Besides that raw is gold is not accepted.
  5. Furthermore, gold coins that weigh less than 50 Grams are easily accepted.

Gold Loan is Secured?

Yes, it is important to note that the gold loan comes in the category of secured loans. Because in a gold loan the customers put their gold ornaments into the bank€™s locker as security or as collateral. If the customer is unable to return the gold loan on time then the bank is liable to sell his gold ornaments.

Why Loannow.in?

  1. First of all, www.loannow.in offers a very easy process of application of the gold loan.
  2. After that, the customer gets a good comparison of the interest rates of other banks as well.
  3. Finally, the company provides the document pickup facility from your doorstep.

Processing & Prepayment Fee on Gold Loan Adampur:

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

 

About Adampur:

Adampur is located in the district  Jalandhar and approximately 26 km from Hoshiarpur. The Main Bazaar is the primary market and one of the best areas to live in and around the town. Dharamshala is the nearest hill station which is also the headquarters of the Dalai Lama.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%