A gold loan or loan against gold is a loan provided by banks or NBFCs against the gold jewellery submitted by borrower, as collateral. You can pledge gold ornaments and only bank-purchased gold coins. The funds can be utilized to fulfil any financial needs. You can take loan for travel trips, wedding expenses, home repair, vehicle purchase, education, shopping essentials, medical expenses, etc.
Both banks (private and public sector) and non-banking financial companies provide loan against gold India. However, some of the major providers you can check out are: Muthoot Finance, Manappuram Finance, Allahabad Bank, HDFC Bank, SBI (State Bank of India), ICICI Bank, Bajaj Finserv, Axis Bank, etc. If you need gold loan from these or any other providers, you can compare gold loan, select, and apply for it on our website.
One of the most popular HDFC bank gold loan scheme is “Sampoorna Bharosa”. It is offered at an attractive interest rate. The minimum amount of loan under this scheme is Rs. 50,000.
Axis gold loan can be disbursed within 2 hours. The amount of loan that can be availed under this scheme is between Rs. 25,001 and Rs. 2,000,000. Edge loyalty points can be earned on this transaction.
The quantum of ICICI Bank gold loan is calculated per gram of gold, and is comparatively high against other financial institutions. The maximum loan which can be sanctioned under this scheme is Rs. 1,500,000.
The Muthoot Finance gold loan amount starts at Rs. 1,500. This NBFC features a variety of schemes for gold loan suitable for different types of customers.
This NBFC offers gold loan at a lower rate of interest than many banks, with the feature of an instant fund disbursal.
Rupeek is an asset-backed online gold loan company. We offer the lowest interest rates in the market to our customers.
Given below is a set of eligibility criteria for online gold loan apply with FinsDeals.