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Gold Loan Baddi Feature:

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Gold Loan Baddi Interest Rate 7.25% per annum
Gold Loan Baddi Per Gram Rate Per Gram Today is ₹ 5,219
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?

A gold loan is a loan which is secured against gold ornaments. A borrower pledges their gold ornaments with the lender in exchange for funds. Therefore, it is a loan which is granted against a certain physical security of gold. Gold loans have successfully enabled thousands of people to mobilize their personal assets, which would’ve otherwise simply been kept away in a locker. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.

About Gold Loan Baddi : 

Baddi is an industrial town and a Nagar panchayat in the Southwestern Solan district of Himachal Pradesh. The town lies on the border of Himachal Pradesh and Haryana states in the Shivalik Hills, around 35 kilometers west of Solan. Apply for Gold Loan Baddi And avail the best offers on your loan.

Documents Required for Gold Loan

  1. Proof of Identity – (Passport / Voter’s ID / Driving License/PAN Card/Aadhar Card)
  2. Signature Proof (Passport /Driving License/Banker’s verification)
  3. Address Proof- (Ration card /Driving License/ Voter’s ID / Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport )
  4. Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth)
  5. 2 passport size photograph

Major Gold Loan Providers in Baddi:

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*

Gold Loan eligibility:

  1. Minimum age of applicant: 21 years
  2. Maximum age of applicant at loan maturity: 65 years
  3. Gold jewellery should be owned by the applicant or any of the family members.

Processing & Prepayment Fee on Gold Loan Baddi:

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