Interested in financial products
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Processing

Of Appraised Gold Value

NA

Best Rate

0.59%

Processing Fee

NA

View Details

Features

  • Gold loans in just 30 min: Gold loans disbursed within 30 min
  • Doorstep Service or to Visit a Branch - Get appointments at your convenience
  • No CIBIL score needed: No CIBIL score needed
  • Minimal documentation: Only Pan & Address proof needed
  • 100% door to door insurance on your gold
  • Maximum loan to value for your gold
  • Higher per gram rate on your gold

Pricing

  • Best rate - 0.59% PM
  • Gold Quality - 18 Karat & Above
  • Loan Tenure - 3months,6 months

Documents Required

  • PAN
  • Address proof (i.e Any Govt proof)

Of Appraised Gold Value

NA

Best Rate

0.59% PM

Processing Fee

NIL

View Details

Features

  • Risk free loan
  • Faster turnaround time of 30 mins
  • Deposit free Gold lockers available with free insurance
  • Doorstep Service

Pricing

  • Interest rate - Starting from 0.59% PM
  • Loan Tenure - 6 months

Documents Required

  • Only Aadhar & PAN

Of Appraised Gold Value

NA

Best Rate

0.83% PM

Processing Fee

NIL

View Details

Features

  • Faster Disbursement TAT Loan in Just 30 Minutes
  • Highest LTV
  • Convenient Doorstep Disbursement
  • Part Release Facility
  • No Hassle of Renewal Again and Again
  • One Time Renewal in an Year
  • No Processing Fee
  • No Renewal Charges

Pricing

  • Interest rate - - starting from 0.83% PM
  • Loan Tenure - 3 months, 6 months, 12 months
  • Gold Quality Criteria - 18 Karat & Above

Documents Required

  • Only Aadhar
  • PAN Card: Required only Loan above 2 Lakh
  • Form 60: Required only if PAN Card Not Available
  • ITR: Gold Loan above 50 Lakh

Of Appraised Gold Value

75%

Best Rate

14.00%

Processing Fee

1%

Of Appraised Gold Value

75%

Best Rate

10.00%

Processing Fee

1%

Of Appraised Gold Value

75%

Best Rate

13.50%

Processing Fee

1%

Of Appraised Gold Value

2 yrs

Best Rate

11.91%

Processing Fee

Nil

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

14.50%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

13.00%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

11.91%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

13.50%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

9.50%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

12.00%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

10.00%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

11.95%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

9.60%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

9.24%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

11.00%

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

Processing Fee

nil*

Of Appraised Gold Value

NA

Best Rate

0.49% PM

Processing Fee

NIL

Sorry! We couldn't find any offer matching this category.

What is a Gold Loan?

A gold loan is a secured loan that can be obtained by keeping a gold article as collateral. The interest rate on gold loans starts from 7.35% to 29% per annum. The loan amount varies from Rs. 1500 to Rs. 5 crores. The repayment period starts from 3 – 48 months. Apply for a gold loan on CreditMantri by picking the lender of your choice from a pool of lenders. We offer a seamless and simple application process.

How to Apply for Gold Loan on CreditMantri.com

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CreditMantri helps you keep your gold and make your gold work for you through amazing gold loans for all your immediate needs.

Key Highlights for Gold loans

1. Secured loans - Gold loans are secured loans that use a gold article as collateral or security. Anybody with a gold article to pledge as security can obtain a gold loan.

2. Interest rates - Gold loan interest rates start from 7.35% and go up to 29% per annum.

3. Loan amount - The gold loan is available from Rs.1500 to Rs.5 crores.

4. Repayment period – There is flexibility to choose the repayment period from 7 days to 240 months.

5. Minimal documentation – Gold loans don’t need a credit score or income statement in most cases. A gold loan is approved based on the value of the gold pledged as security.

6. LTV ratio - The loan-to-value (LTV) ratio for gold loans is decided by the RBI at 75%. What this means is that you can get a loan worth 75% of the value of the gold pledged.

7. Usability – There is no restriction on the usage of gold loans and they can be used for a variety of purposes. This may include vacation expenses, emergency medical expenses, or educational needs.

8. Processing time – Minimal processing time is required for Gold loans as there is minimal documentation required.

9. Types of Fees – The types of fees associated with a gold loan are processing fees, penalty fees for non-payment of interest, late payment charges, etc.

10. Rebates – Some lenders might want to offer a rebate of 1%-2% based on the borrowers’ financial discipline. Those who repay their interest regularly might be offered a rebate.

Factors Affecting Gold Loan Interest Rates

For the approval of a gold loan, lenders look at factors that determine the interest rate. The lenders want to make sure their decision to lend is not a risky one.

Following are some of the important factors that determine the gold loan rate –

1. Income Level – Probably, one of the most important factors that a lender will consider while approving a gold loan. Lenders are more comfortable about your repayment capacity if the income level is high and hence might offer a lower interest rate. Lower-level income, however, might attract higher interest rates. It’s safe to say that income level and interest rates are inversely proportional.

2. Gold Market Price – The market prices of gold also determine the interest rates the lenders want to offer. Typically, the loan amount would be around 60-75% of the value of the gold article kept as collateral. If the gold market price is high, the value of the collateral also goes up and hence the lender’s risk goes down. The lender feels more comfortable in extending a low rate of interest. However, in case the gold prices are down, the lender’s risk increases, and the interest rates would go up.

3. Principal Loan Amount – The rate of interest also depends on the amount of the loan or the principal amount. The higher the principal amount is, the lower your interest rate would be. This is because the lender has a higher-value loan gold article pledged as security and hence they are comfortable offering a lower rate of interest.

4. External Benchmark Lending Rates – When the Reserve Bank of India (RBI) changes its policies/rates, the gold loan interest rates also change. The gold loan interest rates are believed to be linked to an external lending rate which could be the repo rate or the 10-year government bond rate. They have an impact on the gold loan interest rate also and are directly proportional.

5. Credit Score – Credit score is one of the most important factors looked at by lenders while approving a gold loan. The higher the score is, the higher the chances of the borrower getting an attractive interest rate. The lower your credit score is, the higher the interest rate will be most likely. It is best to always research all the options available for you and then proceed with the application for the loan.

What are the advantages of a loan on gold?

It is a quick process: In India, gold loans are some of the quickest loans to be sanctioned as the banks have your gold as security in case of default. In many cases, you could walk out of the lenders office with the loan amount. The loan can be approved, over the counter, in a matter of minutes or a few hours. The loan amounts can range from just Rs.1000 (depending if you live in rural area) to Rs. 1 crore. The minimum and maximum amount lent varies according to the lender.

Quick disbursal: Many lenders can have your gold valued quickly and sanction the loan immediately, after verification of the purity and value of the gold. Unlike home or auto loans, a gold loan application does not require to go through multiple levels of approval.

Minimal documentation required: Since you are providing your gold as collateral, banks do not need the extensive documentation or long decision making process unlike in the case of a home loan or personal loan. With many lenders, all you need is one piece of photo ID and one piece of address proof, photographs and signature proof. The ID and residence proof documents include ration card, voter ID, driver's license, passport or Aadhaar card among others.

Another advantage of a gold loan is that you are not required to submit a salary certificate since your gold is used as collateral. So, even if you are currently unemployed or do not have a good credit score, you will still be eligible for this kind of loan. However, it is possible that for loans above a certain amount, some lenders might ask for a salary certificate.

Safe way to utilize an idle asset: Instead of storing your gold in a locker or at home, you can use it to raise money. Gold is a valuable asset that lies idly stored most of the time. At the same time, when you use your gold to get a loan, it will be physically safe with your lender during the loan period. You do not run any extra safety risk by using gold as collateral.

Lower interest rates: In general, interest rates on these loans are lower than on personal loans since the lenders have your gold as collateral. In addition, with some lenders, you may not have to pay a penalty on pre-payment of the loan.

Gold Loan

What are the disadvantages of a gold loan?

Emotional issue: Gold as an asset has emotional value in India since it is largely in the form of family jewellery. Providing gold as a collateral means that you run the risk of losing your family jewelry in case you are unable to repay the loan. This can cause undue mental and emotional pressure not just on the borrower but the entire family.

Quality of lender: There are several NBFCs in the country who offer attractive terms for these loans. However, some of them could be poorly run and could possibly shut down without notice. It is very important to study the various lenders and choose one that has a good reputation. In addition to these NBFCs, several nationalized and private banks offer these loans.

Key Gold Loan Providers On CreditMantri

Rupeek

Indiagold

Ruptok

Loan Amount

Rs. 50,000 to Rs. 20 lakhs

Rs. 10,000 to Rs. 20 lakhs

Up to Rs. 10 lakhs

Interest Rates

7.08% onwards

5.4% onwards

12% onwards

Loan Tenure

Up to 6 months

Up to 12 months

Up to 12 months

Age criteria

18+ years

18-75 years

18-70 years

Gold Purity level

18+ karats

18+ karats

18+ karats

Identity proof Documents

Aadhaar Card/PAN Card/Voter ID/Driving license/Passport

Aadhaar Card/PAN Card/Voter ID/Driving license/Passport

Aadhaar Card/PAN Card/Voter ID/Driving license/Passport

Address proof

Aadhaar Card/utility bills/Voter ID/Driving license/Passport

Aadhaar Card/utility bills/Voter ID/Driving license/Passport/Lease Agreement

Aadhaar Card/utility bills/Voter ID/Driving license/Passport/Lease Agreement

Rupeek Gold Loans

Key Highlights of Rupeek Gold Loans

1. Doorstep loan service

2. Speedy approvals and disbursals

3. Loans available for bad credit scores also

4. Flexibility of repayment

5. No Pre-closure charges

6. Safe storage of gold kept as collateral

7. Three payment methods

a) Interest payment – In this method, principal repayment can be delayed but interest repayment has to be done every month

b) Bullet Repayment – In this method, the entire interest and principal repayment are done at the end of the loan tenure. No monthly payment needed

c) Part Payment – In this method, you can pay via EMIs.

Indiagold Gold Loans

Key Highlights of Indiagold Gold Loans

1. Pre-approved loans in 30 minutes

2. Doorstep loan service

3. Minimal Documentation

4. No processing fee

5. Loan balance transfer facility available

6. Top-up loan available

7. Gold stored safely in vaults

Ruptok Gold Loans

Key Highlights of Ruptok Gold Loans

1. Flexible repayment options

2. Doorstep loan service

3. Minimal Documentation

4. Payment method

a) Regular Rebate – In this method, monthly payment is made towards loan repayment

b) No tension – In this method, both principal and interest are paid after one year.

Key Gold Loan Providers in India

Lender

Loan amount

Interest rate

HDFC Gold loan

Rs. 25,000 to Rs. 25 lakhs

7.6% to 17.05%

ICICI Gold loan

Rs. 50,000 to Rs. 1 crore

10% to 19.8%

AXIS Bank Gold loan

Rs. 25,000 to Rs. 25 lakhs

17%

SBI gold loan

Rs. 20,000 to Rs. 50 lakhs

8.35%

Muthoot gold loan

Rs. 1,500 onwards

9% to 22%

IIFL gold loan

Max 75% of the gold value

9.96% to 27%

Manappuram Gold loan

Rs. 1,000 to Rs. 1.5 crore

12% to 29%

Union gold loan

Rs. 3,000 onwards

7% onwards

Kotak gold loan

Rs. 20,000 to Rs. 50 lakhs

12.5% onwards

Bank of Baroda gold loan

Maximum up to Rs. 25 lakhs

9.75% onwards

Charges and Fees on a Gold Loan by Top Lenders

HDFC

Kotak

ICICI

AXIS

SBI

Muthoot

Manappuram

Benefits

1. 45-minute disbursements

2. Overdraft facility

3. Secured gold loan

1. Quick disbursal

2. Gold kept safely

3. Minimum documentation

1. Quick disbursal

2. Attractive interest rate

3. Complete safety

1. Quick disbursal

2. Gold kept safely

3. Minimum loan Rs. 25,000

1. Minimum paperwork

2. Minimum loan Rs. 20,000

3. 0 processing fee

1. Quick disbursal

2. In-house gold evaluation

3. Minimum loan Rs. 1500, no upper limit

1. Instant cash

2. Choose from a range of schemes

3. Higher loan amounts

Processing fee (% of disbursal amount

1% of loan amount

2% of loan amount

1% of loan amount

0.50% of the loan amount

Nil

Not Available

Rs. 10

Valuation fee

Rs. 250-Rs. 575

Rs. 350 -Rs. 1,500

Rs. 100-Rs. 1,250

Rs.500-Rs.1,500

Not Available

Not Available

Not Available

Foreclosure charges

1% + Taxes

NIL

1% + Taxes

2% + Taxes

Not Available

Not Available

Not Available

Renewal processing fee

Rs 350 + taxes

Not Available

Not Available

0.50%

Not Available

Not Available

Not Available

Stamp duty

Actuals

As per applicable laws

As per applicable laws

As per applicable laws

Not Available

Not Available

0.10%-0.20%

Auction charge

Actuals

Not Available

Actuals

Not Available

Not Available

Actuals

Rs. 500 - Rs. 1,000

Prepayment charge

1% + Taxes

2% + taxes

Not Available

NIL

NIL

Not Available

Not Available

Bounce charges

Rs. 200 + GST

Rs. 750

Not Available

Not Available

Not Available

Not Available

Not Available

LegaL and collection charges

Actuals

Not Available

Rs. 199

Not Available

Not Available

Not Available

Not Available

CIBIL report charges

Rs. 50

Rs. 50 + tax

Not Available

Not Available

Not Available

Not Available

Not Available

Overdraft charges

18% p.a.

Not Available

Not Available

Not Available

Not Available

Not Available

Not Available

Default interest/Penalty

2%

3%

6%

6%

Not Available

Not Available

Not Available

Eligibility Criteria for a Gold loan

1. Age – 21 to 70 years

2. Employment Status – Self-employed, Salaried, Farmers, Business people, etc.

Documentation Needed to Apply for a Gold Loan

1. Identity proof – Passport, Aadhaar card, Voter ID card, Driving License

2. Address proof – Passport, Aadhaar card, Voter ID card, Driving License, Letter issued by National Population Register.

Gold Loan EMI Calculator

The EMI for a gold loan is dependent on the following factors –

1. Tenure of the loan

2. Interest rate

3. Principal amount

You can check the EMI on your gold loan by using the CreditMantri Gold Loan EMI Calculator. Click here to check.

The application process for a gold loan

Application for a gold loan via CreditMantri

You can apply for a gold loan via CreditMantri in a few simple steps.

1. Choose the lender of your choice

2. Click on “Check Eligibility” to apply for the loan. If you want to read about the features of the loan in detail, click “Know More” below the “Check Eligibility” option.

3. Fill in details like email ID, Mobile number, Residence city, Employment type, Residence pin code, and info about any loans that you may have

4. Tick all checkboxes for agreement terms.

5. Click on “Submit”

6. Enter the OTP received on your registered mobile number.

7. Proceed with the rest of the application and your application will be processed in no time.

Applying for a gold loan offline

1. Visit the nearest branch of the lender with all the required documents.

2. Fill in the application form.

3. Once the application is approved, the lender will get back to you with the details.

Applying for a gold loan online

1. Visit the lenders’ website and look for the gold loans section

2. Most lenders will have a button called “Apply Now”

3. Make sure you have digital copies of all the required documents

4. Fill in all the required details and submit the form

5. The lender should get back to you in a few days

Gold Loan and its impact on the Credit Score

Applying for a gold loan itself doesn’t harm your credit score. But there are a few things to be kept in mind with a gold loan.

1. Gold Loan Application – Gold loan applications do not necessarily bring your credit score down. But, too many inquiries in a short period of time may indicate that you need a lot of funds. Lenders may perceive the situation as your inability to pay back the gold loan. Hence, avoid making too many inquiries too soon.

2. Gold Loan EMI Payments - Make sure you pay your gold loan EMIs on time. Failure to pay the EMIs before the due date will definitely lower your credit score. Here is what you can do to avoid this –

a) Make regular payments – Paying your EMIs on time will ensure your credit score will slowly go up. It shows great financial discipline on your behalf.

b) Avoid Loan Default – Loan default happens when you are not able to pay the loan back within the stipulated tenure. This delay is reported by the lender to the credit bureaus who will in turn perceive it as bad credit. If you do not pay the loan back for 90 consecutive days, you might get an NPA (non-performing asset) label on your credit report. This will lower your credit score further and also hamper your chances of getting loans in the future.

Things to Remember While Applying for a Gold Loan

What should you do?

1. Check the purity of your gold article – Lenders usually take gold that is 18 carats and more in purity. Check the purity of your gold article beforehand to avoid fraud and disappointment later.

2. Look for a trusted lender – Since a gold loan is a secured loan and requires a gold article to be pledged, the lender you go to must be a trustworthy person. You would want this to be a fair deal and not incur losses because of a fraudulent lender.

3. Check all lender options available – All lenders will have a different assessment of the applicant’s profile. Their offer would be different in terms of interest rates, repayment tenure, etc. Look for the one that suits your requirements the best.

What should you not do?

1. Take a gold loan only when needed – Gold loans are easy to get as you only need a gold article as a security. However, do think if you really need the loan as you will have to pay interest on the amount borrowed.

2. Do not take a loan for addictive purposes – Some people pledge their gold articles to borrow money for betting, gambling, etc. They will lose a lot of money because these activities are not predictive in nature. You not only lose your gold article but also will have to repay the debt borrowed as a gold loan.

3. Estimate the amount of loan you will get – The limit set by RBI for the loan-to-value (LTV) ratio is 75% of the gold article pledged. Before you opt for a gold loan, you must calculate if this is going to be a sufficient/over-sufficient amount for you.

FAQS

1. Who is eligible for a gold loan?

Anybody aged between 21 to 70 years can apply for a gold loan. Unlike secured or unsecured loans, they do not have to fulfil strict eligibility criteria.

2. Is it good to take a loan on gold?

Yes, it is good to take a loan on gold because you do not have to satisfy stringent criteria for availing gold loan. Gold loans generally come with shorter durations, and thus have higher interest rates. So, it may be a little stressful to pay the EMIs. But for those who can afford to pay the EMIs, a gold loan with it short tenure is the most viable option. This is because they can finish paying off their loan within a short period.

3. What are 5 mistakes to avoid while applying for a gold loan?

The 5 mistakes to avoid while applying for a gold loan include

  • Not verifying the reputation of the lender: You will check if the lender is trustworthy.
  • Not researching enough options
  • Not knowing how your lender has computed the loan-to-value (LTV) ratio of the gold loan.
  • Not comprehending the EMI options
  • Not knowing the purity and value of the gold before applying for a loan against it.

4. Which are some of the best gold loan providers in India for 2022.

Here are some of the best gold loan providers in India for 2022.

Name of the bankInterest rateLoan amount
HDFC Gold Loan11% p.a. to 16% p.a.Rs.10,000 onward
Canara Bank Gold Loan7.35% p.a.Rs.5,000 to Rs.35 lakh
SBI Gold Loan7.00% p.a. onwardsRs.20,000 to Rs.50 lakh
Kotak Mahindra Gold Loan10.00% p.a. - 17.00% p.a.Rs.20,000 to Rs.1.5 crore
Bank of Baroda Gold Loan9.00% p.a. - 9.15% p.a.Up to Rs.25 lakh

5. What are the factors affecting gold loan interest rates

The following are the important factors that affect gold loan interest rates:

  • Price of gold in the market: when the price of gold in the market increases due to various factors, the lender will be ready to offer you lower interest rates on your gold loan
  • Inflation: when the inflation of currency is higher, people tend to accumulate more gold. Because gold acts as a reserve during inflationary scenarios. So, the prices of gold soar, and when you take a gold loan, lenders will offer you lower interest rates
  • Relationship with the bank: if you have a good relationship with the bank and have shown a good repayment history and creditworthiness, they may give you a lower interest rate on gold loan.

6. Can a farmer get a discount on gold loan interest rates?

Yes farmers can get a discount on gold loan interest rates, since agriculture falls under the priority sector. The discount can range between 1% and 2%. So, gold loans can be obtained for interest rates as low as 8%

7. Is SBI good for gold loan?

SBI bank gold loan is very popular for agriculture gold loan, since it gives lowest interest rate on agricultural gold loan starting from 7.30%. Gold loan interest rate in SBI for regular borrowers is higher than that offered for agricultural gold loan.

8. When should I apply for a gold loan online?

You should apply for a gold loan only when you are in need of funds. For a gold loan, you need to pledge a gold article as security. Make sure you have an article to be kept as security.

9. How safe is my gold when I pledge it against a loan?

It is very important to take a gold loan from a reputed lender. Most of the big lenders like HDFC, Kotak, ICICI, Mannapuram, Muthoot Finance, etc. provide 100% safety and assurance.

10. Is there any restriction on how I can use the money from a gold loan?

There are no restrictions on the usage of the gold loan. It can be used for vacation, medical bills, wedding expenses, etc.

11. What is the tenure of a gold loan?

The tenure for a gold loan ranges from 3 months to 60 months.

12. What are the fees on a gold loan?

The interest rate on a gold loan starts from 7.6% onwards. The other charges include prepayment charges, processing fees, default charges, valuation fees, etc.

13. Do I need to be an existing customer of a bank to avail of a gold loan?

No, non-customers can also apply for a gold loan.

14. Do I need a guarantor for a gold loan?

No, a guarantor is not needed. A gold article is to be kept as security is needed for a gold loan.

15. How is the loan on gold disbursed?

A gold loan can be disbursed both in cash and directly to the applicant’s account.

16. Can I prepay my loan in part or in full? Will there be a penalty?

Usually, all lenders allow Prepayment. The penalty also depends on the lender. Some have no charge for it while others do.

17. What happens if I cannot pay off the loan by the due date?

If you cannot pay off the loan by the due date, speak to the lender and try to agree to an extended due date. If they don’t agree, then the lender will auction the gold article kept as collateral and keep the money received from it.

18. How do I choose a lender for taking out a gold loan?

All lenders have different terms and conditions for approving a gold loan. It is important that you know all the charges and fees associated with a gold loan. It is also important that you go to a reputed lender to minimize your risk. You can refer to the article above to compare charges and benefits and then apply for a gold loan.

Latest & Update Gold Loan News

PhonePe offers cashback on Gold & Silver purchases through its App 4 May 2022

India’s leading digital company PhonePe has announced exclusive cashback offers for every gold and silver purchase made through the app on the Akshaya Tritiya occasion. The customers can purchase the highest purity 24K gold via its app and select to ...

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India’s leading digital company PhonePe has announced exclusive cashback offers for every gold and silver purchase made through the app on the Akshaya Tritiya occasion. The customers can purchase the highest purity 24K gold via its app and select to either get it in bank-grade insured lockers with zero making or storing charges or to get delivered in other forms of coins or a gold bar from an extensive range of designs. The user can get an additional cashback up to Rs 2,500 on gold purchases and the consumer who looks to buy silver coins or bars cam get benefited from Rs 250 cashback.

BharatPe Introduces Gold Loan Segment16 Mar 2022

The fintech provider BharatPe has entered into the Gold loan business for its merchant partners. This initiative makes BharatPe a secured credit provider. To enter into the gold loan market, the BharatPe has collaborated with a few NBFCs to offer loa...

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The fintech provider BharatPe has entered into the Gold loan business for its merchant partners. This initiative makes BharatPe a secured credit provider. To enter into the gold loan market, the BharatPe has collaborated with a few NBFCs to offer loans against gold for up to Rs. 20 lakhs. This service already exists in Dehli-NCR, Bengaluru, and Hyderabad and the company is planning to launch in 20 cities. The BhartPe aims to disburse ₹500 Crores in 20 cities by the end of the year.

Capri Global Capital has decided to enter into Gold loan Biz22 Feb 2022

The MSME capital provider Capri Global has planned to enter into the Gold loan business by 2022-2023. Capri Global is basically a Non- banking financial service provider that is a specialist in providing MSME loans and Home loans at reasonable price...

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The MSME capital provider Capri Global has planned to enter into the Gold loan business by 2022-2023. Capri Global is basically a Non- banking financial service provider that is a specialist in providing MSME loans and Home loans at reasonable prices. The ultimate objective of the company is to develop a gold loan size book of Rs8000 crore and expand its network with 1500 in different branch locations in the future.

KLM Axiva Finvest planning to upraise up to two hundred crores through NCDs18 Feb 2022

The KLM axiva finvest private sector has an idea to raise up to RS. 200 crores of secured and redeemable non-convertible debenture through public issues. The face value of each share is ₹1,000. The NCD coupon rate starts from 9.75%- 11.25%. A minimum...

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The KLM axiva finvest private sector has an idea to raise up to RS. 200 crores of secured and redeemable non-convertible debenture through public issues. The face value of each share is ₹1,000. The NCD coupon rate starts from 9.75%- 11.25%. A minimum of 5 NCDs should be applied by the investors. Henceforth, the investments can be made multiple times. Out of ₹ 200 Cr issue size, the basis issue size is ₹ 100 crore and the greenshoe option is ₹100 crore. The issue opened on feb15 and closed on March 11.

Acceleration of gold and silver prices in chennai15 Dec 2021

In Chennai gold rate for 10 grams of 24-carat is selling at Rs 49,500 today, comparatively increasing from yesterday, while 10 grams of 22-carat of gold is selling at Rs,45,380.on the other hand,1kg of silver price costs Rs 65,300 today. The experts ...

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In Chennai gold rate for 10 grams of 24-carat is selling at Rs 49,500 today, comparatively increasing from yesterday, while 10 grams of 22-carat of gold is selling at Rs,45,380.on the other hand,1kg of silver price costs Rs 65,300 today. The experts say that the sudden rise in gold loans is due to the excel in excise duty, state taxes, and making charges.

Gold Loan - Customer Reviews

4 / 5 (10 Reviews)
12 Feb 2019

Nice app

12 Feb 2019

Very good

16 Oct 2017

good ..................

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