Major Gold Loan Providers in Solapur
Feature
HDFC Bank
SBI
Interest Rate
9.90% onwards
7% onwards
12% onwards
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
Processing Fee
0.25% to 1.50% of the Loan Amt
0.25% to 1.50%
Nil
Pre-closure Charges
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
3066
3073
3073
Gold Loan Solapur Features
Running short out of cash?
Do not trouble Gold Loan is convenient for you. This loan requires less paperwork, as it is secured in nature and you can get your loan sanctioned within 2-3 hours after all the verification process.
Gold Loan Solapur loan provides financial aid to the customers at the best affordable interest rates. To receive a Gold loan, the candidate needs to have a resolute and good source of income, which will make the confirmation and loan approval process faster.
Furthermore, you can get a loan up to 75 percent of the market value of gold, this is due to fluctuation in the market price of the gold.
GOLD LOAN @ 0.75%*
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Key Features:
⍟ Get Loan in 30 Minutes
⍟ Highest Gold Rate in India
⍟ 100% Safety of Your Gold
⍟ Minimum Documentation
⍟ Without EMI Gold Loan
⍟ Gold Loan in 1 Visit
⍟ No Melting of Gold
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges
Gold Loan Solapur Interest Rates – Mar 28 2024
Bank
Interest Rate
HDFC Bank Gold Loan
9.9% to 14%
Axis Bank Gold Loan
10.50% to 16%
Private Bank Gold Loan
10.75% to 16%
SBI Gold Loan
9.5 % to 13%
Kotak Gold Loan
11% to 14%
IIFL Gold Loan
9.24% to 24%
Muthoot Gold Loan
12% to 24%
Manappauram Gold Loan
12% to 26%
PNB Gold Loan
10.05% to 16%
Canara Bank Gold Loan
9.75 % to 13%
Andhra Bank Gold Loan
10.70% to 16%
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Eligibility Criteria for Gold Loan Solapur – Mar 28 2024
- The least age of the individual should be 21 years and highest up to 60 years.
- Must belong to Indian Origin.
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Gold Loan Per Gram For All Major Bank in Solapur
Bank / NBFC
Rate Per Gram
Interest Rate
Gold Loan Tenure
Min - Max Loan Amount
HDFC Gold Loan
₹ 3,506 to ₹ 4,621
9.90%
3 to 24 months
₹ 10 thousand to 5 crore
Private Gold Loan
₹ 3,506 to ₹ 4,821
10.00%
6 to 12 months
₹ 10 thousand to 5 crore
Muthoot Finance Gold Loan
₹ 3,506 to ₹ 4,621
12.00%
7 days to 36 months
₹ 3 thousand to 1 crore
Manappuram Gold Loan
₹ 3,506 to ₹ 4,621
12.25%
12 months
₹ 3 thousand to 1 crore
Canara Bank Gold Loan
₹ 3,506 to ₹ 4,621
10.25%
36 months
₹ 20 thousand to 50 lakh
Axis Bank Gold Loan
₹ 3,506 to ₹ 4,621
10.00%
3 to 36 months
₹ 10 thousand to 5 crore
SBI Gold Loan
₹ 3,506 to ₹ 4,621
9.75%
12 to 36 months
₹ 20 thousand to 50 lakh
Indian Bank Gold Loan
₹ 3,506 to ₹ 4,621
7.50%
3 to 36 months
₹ 20 thousand to 50 lakh
Bank of Baroda Gold Loan
₹ 3,506 to ₹ 4,621
10.25%
12 months
₹ 20 thousand to 50 lakh
Yes Bank Gold Loan
₹ 3,506 to ₹ 4,621
10.25%
12 months
₹ 10 thousand to 5 crore
IIFL Gold Loan
₹ 3,506 to ₹ 4,621
12.00%
11 months
₹ 3 thousand to 50 lakh
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Gold Loan Eligibility Criteria in Solapur
Minimum and Maximum Age
Note: However, many banks require a minimum age of 23 years
Loan Amount
Interest rates are lower for a higher loan amount
Employment Type
Businessmen are increasingly taking gold loans to meet their working capital requirements.
In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans.
Quality of Gold
An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
CIBIL Score
However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
Gold ornaments that can be used for availing loan
Gold with 18-24 carat purity
Employment track record and income proofs
Gold Loan Solapur Eligibility & EMI Calculator
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Documents for Gold Loan Solapur
At the time of application the following documents are required:
- Proof of the citizenship of India
- Duly filled application form
- 2 passport-sized photographs
- Applicant’s KYC documents to establish Identity and Address
- Salary/ Income Proof
- Witness Letter in case of illiterate borrowers
- In the case of Agriculture Loan of more than Rs. 1 lac, land proof
- Certificate by the Jewel Appraiser (Bank will arrange)
At the time of disbursement the following documents are required:
- Demand Promissory Note & Demand Promissory Note Take Delivery Letter
- Gold Ornaments Take Delivery Letter
- Arrangement Letter
How to Apply for Gold Loan Solapur
Online Process to Apply for Gold Loan Solapur
You can apply for the Gold Loan at Dialabank.
You just have to fill a simple form online.
After that, you will get a call back from our representative.
You can call on 9878981166.
Dialabank is considered as the best platform to apply for a gold loan online. There are so many reasons behind this, some of them are:
- Dialabank is India’s leading commercial helpline; it gives the best monetary services to customers all over the nation.
- Dialabank guides the customers free of cost.
- One more thing is that you will get a high LTV of your gold.
- Besides that, the bank has a good reputation among the customers because of its best and fast services.
- If you apply for a gold loan on Dialabank, then you will get a low gold loan interest rate.
- Also, while asking for a gold loan per gram through Dialabank, very limited paperwork is needed.
- Subsequently, the Association directors are trained wholly to guide and serve you in the entire method of Gold Loan.
Offline Process to Apply for Gold Loan Solapur
The candidate also has a choice to avail of Gold Loan from the nearby offices. To do so, seek Gold Loan near me on google. It will list all the branches of banks and investment companies providing loans near you. You necessitate to choose them according to your choice and data. Then you have to hit those units and apply for a loan and have to visit many times before then loan gets finally accepted.
But Dialabank can arrange that for you in a faster and better way.
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Processing Fees / Prepayment Charges on Gold Loan Solapur
EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison
Monthly Payment
EMI Scheme (₹)
Month 1
27007
3625
Month 2
27007
3625
Month 3
27007
3625
Month 4
27007
3625
Month 5
27007
3625
Month 6
27007
3625
Month 7
27007
3625
Month 8
27007
3625
Month 9
27007
3625
Month 10
27007
3625
Month 11
27007
3625
Month 12
27007
3625
₹ 3 Lakh
Total Payment
₹ 3.24 Lakh
₹ 3.44 Lakh
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CIBIL Score Required for Gold Loan Solapur
Having a good CIBIL score is a must before applying for a gold loan, that is why every lending institution has its own criteria for the minimum CIBIL score required for processing a Gold Loan application in Solapur. Most universities need the least number of 750 to prepare your loan application.
Not simply your CIBIL score, the organizations also look at the particular behaviour on the past loans taken. This covers details on the kind of loan taken and the amount pledged. Any withheld amounts for previous loans can act as a barrier to your availing a fresh loan. So make certain your CIBIL score is good before applying for a loan.
Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Solapur
Bank
Interest Rate
Lowest EMI Per Lakh
SBI Gold Loan
7.50%
Rs. 3,111
Muthoot Gold Loan
11.99%
Rs. 3,321
Manappuram Gold Loan
12.00%
Rs. 8,885
HDFC Bank Gold Loan
9.90%
Rs. 4,591
Yes Bank Gold Loan
9.99%
Rs. 3,226
Private Bank Gold Loan
10.00%
Rs. 8,792
Federal Bank Gold Loan
8.50%
Rs. 8,722
Canara Bank Gold Loan
7.65%
Rs. 8,683
Andhra Bank Gold Loan
10.70%
Rs. 8,824
Axis Bank Gold Loan
13.00%
Rs. 4,754
IndusInd Bank Gold Loan
10.00%
Rs. 8,792
PNB Gold Loan
8.75%
Rs. 8,734
Fincare Small Finance Bank Gold Loan
12.99%
Rs. 11,721
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✅ How to calculate Gold Loan Interest?
Gold loan interest rates vary depending upon the lending institute, amount of loan availed, loan tenure, loan to value ratio, and quality of gold. One can easily check and compare these rates online with Dialabank.
✅ Which bank is best for Gold Loan in Solapur?
HDFC Bank currently offers the best gold loan services in India. Starting with the low rates of interest, HDFC Bank offers various other facilities like a personal locker for your gold, same day disbursement of the loan amount, and highest LTV ratio to name a few.