Best Banks for Gold Loan in Chennai
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 Chennai Features
No money left? Don’t put the burden on yourself; service for Gold Loan is reachable for you. This loan is secured with minimum documents. This loan will get allowed in 48 hours when the confirmation process is completed.
To take a Gold Loan, the entrant has to have an operative supply of financial advantage and holds efficient credit antiquity. And there are no boundaries on the employee’s salary to apply for the Gold loan. Entrant will be able to use this gold loan at any time and from anywhere.
Gold Loan in Chennai is a protected loan that has simplified to the consumers at low-priced interest rates.
Gold Loan Rate Per Gram Today in Chennai
Bank Gold Loan Per Gram – Updated October 2020
Updated - Gold Loan Per Gram Rate |
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Gold Weight |
Gold Purity24 Carat |
Gold Purity22 Carat |
Gold Purity20 Carat |
Gold Purity18 Carat |
| 1 gram | 4680 | 4290 | 3900 | 3510 |
| 10 gram | 46800 | 42900 | 39000 | 35100 |
| 20 gram | 93600 | 85800 | 78000 | 70200 |
| 30 gram | 140400 | 128700 | 117000 | 105300 |
| 40 gram | 187200 | 171600 | 156000 | 140400 |
| 50 gram | 234000 | 214500 | 195000 | 175500 |
| 100 gram | 468000 | 429000 | 390000 | 351000 |
| 200 gram | 936000 | 858000 | 780000 | 702000 |
| 300 gram | 1404000 | 1287000 | 1170000 | 1053000 |
| 400 gram | 1872000 | 1716000 | 1560000 | 1404000 |
| 500 gram | 2340000 | 2145000 | 1950000 | 1755000 |
Gold Loan in Chennai Interest Rates and Charges
Feature |
Gold Loan |
Processing Fee |
Tenure |
Interest Rate |
|||
| HDFC Gold Loan | 9.90% | 0.25 % - 1.50% | 3 - 24 Month |
| ICICI Gold Loan | 10.50% | 0.25 % - 1.50% | 9 - 24 Months |
| Axis Gold Loan | 10.50% | 0.50% - 1.50% | 6 - 24 Months |
| Yes Bank Gold Loan | 10.50% | 0.50% - 1.50% | 6 - 36 Months |
| SBI Gold Loan | 9.50% | 500/- to 0.50% | 6 - 36 Months |
| Kotak Gold Loan | 11.00% | 1% to 2% | 9 - 24 Months |
| IIFL Gold Loan | 12.00% | Nil | 3 - 11 Months |
| Muthoot Finance Gold Loan | 12.00% | Nil | 1 - 24 Months |
| Manappuram Gold Loan | 12.50% | Nil | 6 - 12 Months |
| PNB Gold Loan | 11.00% | 0.70% to 1% | 6 - 12 Months |
| Canara Bank Gold Loan | 10.75% | 1% | 6 - 12 Months |
| IndusInd Bank Gold Loan | 11.50% | 1% - 1.5% | 9 - 24 Months |
Gold Loan in Chennai Documents Required
- Address Proof – Ration card/ Telephone or Electricity Bill/ Rental bill/ Passport’s copy/Trade license /Shop & Est. License/Sales Tax record.
- Individuality Proof – Passport’s Copy/ Voter’s ID card/Aadhaar card/ Driving License.
- Two passport size pictures
- Signature Proof – Passport’s Copy/Banker’s verification/ Driving License/cheque.
Additional Documents Required for Gold Loan Chennai
- Certificate by the Ornament Evaluator (Bank will get that for a candidate).
- Property Proof – In the case of Farming Loan of more than Rs.1 lac, then the proof is not mandatory for linked agronomy purposes.
- Proof of Revenue: Income Record and Form No.16
- A Promissory Letter.
Gold Loan in Chennai Eligibility Criteria
- The entrant should be the citizen of India
- The minimum age which Bank requires of the candidate is 21 years and maximum up to 60 years.
Gold Loan Chennai Agent and Contact Number
Loannow is the primary agent for availing Gold Loan in Chennai. You can apply online at Loannow or give a call at 9878981144 and get quick help for Gold Loan in Chennai.
Loannow will help you to find the ideal selection of Banks and NBFCs by offering you a comprehensive market in appraisal to various banks so that you can make the right choice.
You can visit the endorsed website of Loannow and fill a form with your personal and employment information. Our consumer relationship representatives will call you soon.
Pre Calculated EMI Table for Gold Loan Chennai
Rate of Interest |
6 months |
1 Yr |
2 Yrs |
3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
About Chennai
Chennai Tamil also is known as Madras or the official name until 1996, is the capital of the state of Tamil Nadu.
Chennai on the Coromandel Coast off the Bay of Bengal, it is one of the largest cultural, economic and educational centres of south India.
According to the year 2011 Indian census, it is the sixth-most famous city and fourth-most widespread urban accumulation in India. The city together with the adjoining regions creates the Chennai Metropolitan Area, which is the 36th-largest urban area by population in the world.
The traditional and gateway of South India, Chennai is among the most visited Indian cities by foreign tourists. It was ranked the 43rd position of the most visited city in the world for the year 2015.
Gold Loan in other Cities
Gold Loan in other Cities |
|
| Gold Loan Delhi | Gold Loan Mumbai |
| Gold Loan Ahmedabad | Gold Loan Kolkata |
| Gold Loan Hyderabad | |
| Gold Loan Bangalore | Gold Loan Chennai |