There are situations when a person needs the funds to meet an emergency and Gold Loan is a scheme that can help a person in acquiring funds for meeting any emergency. The Gold Loan is secured in nature and demands an asset to pledge as security with the lender.

Gold Loan Interest Rates:

1. First of all, The interest rate of this service starts at 10.5%-12% p.a.
2. Secondly, The financial organizations provide these loans for 1 to 4 years.
3. Thirdly, The pre-closure charges are in between 0% to 2% of the value of the loans.
 

Why one should choose Gold Loan in Jaipur?

  1. Loan Amount: A maximum amount of Rs.10,00,000 can be availed.
  2. EMI options: Hassle-free payment of EMIs.
  3. Instant liquidity: Enjoy liquidity of cash at any time. Generate instant cash in time of need.
  4. Security: The customer can rest assured that their gold is in safe hands.

Documents Required for Gold Loan

  1. Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
  2. Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate. 
  3. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
  4. 2 passport size photographs.

Additional Documents Required

  1. Land Proof: In case of Agriculture Loan of more than Rs. 1 lac. Proof is not required for allied agriculture purposes.
  2. A Demand Promissory Note.
  3. Certificate by the Jewel Appraiser (Bank will arrange).
  4. Income Proof: Salary Certificate and Form No.16.

Features of Gold Loan

Following are the Features of Gold Loan:

  1. You can avail Gold Loan up to Rs.1 Crore or more & up to 70% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery
  3. Get your Loan processed in less than 30 minutes
  4. Enjoy Anytime Liquidity.
  5. No EMI, Service only Interest and enjoy the Loan facility
  6. Lower Interest Rates
  7. Simple documentation and fast processing.
  8. Overdraft limit varies depending on the market rate of gold.
  9. The interest rate is payable the only amount of the overdraft that you use.

About Jaipur

Jaipur is a capital city of Rajasthan state in India. The city was founded by Maharaja Sawai Jai Singh II, the ruler of Amber on 18 November 1727. It is also referred to as the Pink City of India.
 
Gold Loan Nathdwara Gold Loan Udaipur Gold Loan Barmer
Gold Loan Bikaner Gold Loan Baran Gold Loan Chomu
Gold Loan Alwar Gold Loan Jhunjhunu Gold Loan Bharatpur
Gold Loan Ajmer Gold Loan Nagaur Gold Loan Churu
Gold Loan Jodhpur Gold Loan Sikar Gold Loan Hanumangarh
Gold Loan Kota Gold Loan Sri Ganganagar Gold Loan Nimbahera

 

Gold Loan Interest Rate of Different Banks - Updated on 2019

 
Bank  Gold Loan Rate 
HDFC Bank 10.75%
Yes Bank  10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan  12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%