Best Banks for Gold Loan in Vellore
Gold Loan Vellore Features
Gold Loans are now pretty easy and convenient to avail as most of the major banks and NBFCs provide the service at a low Gold loan interest rate and minimum documentation. Gold Loans are secured loans that can be availed against your Gold ornaments/Jewelry as a collateral or security deposit. Banks sanction Gold Loan easily considering the fact that you repay the amount in the form of interest in regular intervals. The amount of loan varies upon the purity of the Karats of gold.
Gold Loan Rate Per Gram Today in Vellore
Updated - Gold Loan Per Gram Rate w.e.f Mar 29 2024
Gold Weight
Gold Purity
24 CaratGold Purity
22 CaratGold Purity
20 CaratGold Purity
18 Carat
1 gram
4621
4290
3900
3510
10 gram
46210
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 Vellore Interest Rates and Charges
HDFC Gold Loan
9.90%
0.25 % - 1.50%
3 - 24 Month
Private 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 Vellore Documents Required
- Filled in the application form with signature.
- 2 recent colored passport size photographs.
- Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.
- Proof of Address(any one): Ration card/ Telephone bill/ Electricity Bill/ Rental bill/ Passport copy/Sales Tax certificate.
- Land Proof: Only for farming loan above Rs 1 Lakh. (not required for allied agricultural purpose)
- Identity proof such as Driving License/Passport/Aadhar Card/Voter’s ID, etc.
- Certificate by the Jewel Appraiser (Bank will take the responsibility to arrange it)
- A Demand Promissory Note.
- Proof of Income (i.e. salary slips/ Form 16) of the borrower.
Gold Loan in Vellore Eligibility Criteria
- The minimum age of the applicant must be 21 years and a maximum of up to 60 years.
- An individual should be salaried or self-employed.
- The applicant should be an Indian National.
GOLD LOAN @ 0.75%*
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How to Apply for Gold Loan Vellore
Online Process to Apply for Gold Loan Vellore
- You can avail of Gold Loan per gram Vellore with a single click while sitting at home. Our customer relationship manager will be providing you the facility of helping you choose the right type of loan for you.
- Just fill a simple form so that our customer care department can look up for your finances can check your financial status and your eligibility for the loan that you have applied.
- The bank executives will arrive at your doorsteps to collect the required documents from you.
- Only at the time of submission of gold you have to pay a visit to the Bank, the rest will be taken care of by the Bank’s executives.
Dialabank is taken as the best platform to apply for a gold loan online. There are many reasons for this.
- Dialabank is India’s first financial helpline; it provides the best financial services to consumers all over the country.
- The bank has a good reputation among the customers because of the best services.
- Document pickup from the doorstep facility is also accessible.
- There are no additional charges for availing the service through Dialabank.
- The Relationship managers of Dialabank are trained and guide the customer without any hesitance.
- Gold Loans can be availed at a reasonable rate of interest with minimum documentation requirements.
Offline Process to Apply for Gold Loan Vellore
Gold Loan can also be availed through an offline process that requires physically visiting the nearby banks as well as some market research.
The applicants need to search for the nearby banks offering Gold Loans and visit them at their working hours. Thereafter, their relationship manager will correspond and help you according to your requirements.
Processing Fees / Prepayment Charges on Gold Loan Vellore
CIBIL Score Required for Gold Loan Vellore
Most of the major banks and NBFCs provide Gold Loan irrespective of the CIBIL score. The applier should have all the necessary documents and should be eligible to apply for the loan according to the criteria.