Our life revolves around never-ending needs. To fulfill these needs, we may require funds instantly. Gold Loan is a quick and hassles free loan with minimal documentation. So, instead of keeping your gold asset in lockers you can use them for any financial need. Gold loan is the process of pledging our gold with the bank and getting the respective funds depending upon the quality and quantity of the loan. It is the best way of getting the fund in a short period. It is considered a secure loan as it takes gold as collateral with them.

Why should one choose Gold Loan Bangarapet?

  1. A person should have a minimum of 10 Gram gold to avail the Loan. 
  2. No penalties are involved.
  3. In-house gold evaluation.
  4. The approval and disbursement of the loan take a minimum of two hours. 
  5. The processing fees vary according to the banks, but usually, the bank takes 1% fees.
  6. You can enjoy a maximum tenure period of 6 months to 4 years.

Gold Loan Bangarapret Eligibility Criteria



Minimum: 18 years

Maximum (at loan maturity): 65 years



Gold requirements

Minimum 10 gram of gold ( 18- 23 karat pure)









Documents Required for Gold Loan

Borrower Identity

Two passport size colored photographs

Proof of Identity

Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.

Residence Proof

Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.

Signature Proof

Passport Copy/Driving License/Banker's verification/cheque










Additional Documents Required

The banks generally demand above-given documents. However few banks demand some additional

Land Proof

In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.

Demand Promissory Note

Certificate by the Jewel Appraiser (Bank will arrange).

Income proof

Salary Certificate and Form No.16.








Gold Loan Bangarapret Interest Rates

The interest rates are very much less as compared to unsecured loans. It takes only 30 minutes to get disbursed.

Gold Loan interest rate

10.50% onward

Processing fee


Lone Tenure

3month to 36month

The purity of eligible gold

18carat to 22carrat


Gold loan Bangarapret Features

  1. You can avail 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.

Advantages of taking Gold Loan Bangarapret

  1. No income and salary criteria - Gold loans do not require any documentation or validation for income or salary of the person so even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset, i.e. gold in return of the money.
  2. Can be provided in cases of bad credit history as well as the low-income level
  3. Relatively lower interest rates - Another advantage of taking a gold loan is that they are available at low interest rates, say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
  4. You need to repay only the interest - You have the option to pay only the interest during the tenure of the entire gold loan, and at the end of tenure, you can pay the whole amount in a single shot.
  5. Total Convenience -The most convenient of all the loans is a gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.
  6. Less processing time -No tedious and lengthy documentation is required in case of gold loans; hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task. 

Gold Loan Bangarapret Procedure

  1. A borrower needs to submit a short application form to the Lender with Gold assets.
  2. The lender analyzes the assets offered by the applicant (including the purity and weight of gold).
  3. The Loan is sanctioned after checking the authenticity of the gold.
  4. The whole process takes 10-15 minutes or an hour.

About Bangarapet

Bangarapet is a town in a Kolar district of Karnataka state. It is the headquarter of the taluk of Bangarpet. Bangarpet was initially known as Bowringpet, which was named after an officer working in the Kolar Gold Fields. It came to existence as the connecting point of traffic between the gold fields and Bangalore.