Best Banks for Gold Loan Providers in Avadi
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 Avadi Features
Gold loans are now pretty easy and less time-consuming to use as most major banks and NBFCs provide the service at a reasonable rate of interest and minimum documentation. Gold Loans are secured loans that can be availed by keeping your Gold ornaments/Jewelry as collateral or security deposit for short-term credit. Banks sanction Gold loans easily because you repay the amount in the form of interest in a specific period of time. If you fail to repay, the loan can be renewed.
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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 Avadi Interest Rates – Oct 05 2023
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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Gold Loan Per Gram For All Major Bank in Avadi – Oct 05 2023
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
Gold Loan Eligibility Criteria in Avadi
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
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Documents for Gold Loan Avadi
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
Eligibility Criteria for Gold Loan Avadi
- The applicant must be at least 21 years old.
- The applicant should not be more than 60 years of age.
- The applicant must have Indian nationality.
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How to Apply for Gold Loan Avadi
Online Process to Apply for Gold Loan Avadi
The process of availing of a gold loan is simple with Dialabank. You can contact 9878981144 at any time for any assistance or help. Our experts will guide you through the journey. To apply online, the steps that are required to be followed are:
- Visit our site www.dialabank.com.
- Enter your details and fill the form.
- Our relationship manager will call and assist you through the entire process.
There are so many reasons why Dialabank is considered the best platform to apply for a gold loan online:
- Dialabank is India’s first financial helpline.
- It has its presence throughout the country.
- Dialabank provides a document pickup facility from the doorstep of the customer.
- No additional charges of applying for a gold loan online on the website of Dialabank.
- Minimum documentation.
- Expert advice.
Offline Process to Apply for Gold Loan Avadi
You can visit the branches near your location to avail gold loan per gram in Avadi. But, that would reduce your chances of availing of the best offers. Also, you would not get a pick-up facility for your documents that is available only with Dialabank.
Processing Fees / Prepayment Charges on Gold Loan Avadi
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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
CIBIL Score Required for Gold Loan Avadi
Provided that all the necessary documents are submitted, the banks and NBFCs provide a gold loan, irrespective of the CIBIL score.
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Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Avadi
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
Gold Loan Avadi Agents
Dialabank is the leading agent for availing of Gold Loan in Avadi. You can apply online with dialabank or give a call at 9878981144
Dialabank is associated with the top loan providers across the country. The experts help you in determining the best options for you according to your need and requirement. All you have to do is fill a simple form on our website, and our relationship managers will contact you within no time.
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Gold Loan Avadi Contact Number
Call 9878981144 and get instant help and approval for Gold Loan in Avadi.
Pre Calculated EMI Table for Gold Loan Avadi
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About Avadi
Avadi is a city in the Tamil Nadu state of India. This city is in the neighbourhood of Chennai. It is one of the most populous and developed areas in Chennai and home to the Heavy Vehicle Factory (VHF).
Other gold loan cities in Tamil Nadu
| Personal Loan Attur | Personal Loan Athiyuthu |
| Personal Loan Athani | Personal Loan Aruppukkottai |
| Personal Loan Arumbakkam | Personal Loan Ariyalur |
| Personal Loan Arcot | Personal Loan Arasavanangadu |
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Gold Loan Avadi FAQs
✅ What is a gold loan?
The gold loan also referred to as a loan against gold, is a type of secured loan that a person can avail by keeping their gold ornaments as collateral security with the lender. Unlike other secured loans like car loans or home loans, a gold loan can be used for any purpose.
✅ How to get a loan in Avadi?
To get a loan in Avadi, a borrower can either visit the nearest gold loan offering bank branch with their gold and basic documents such as Aadhar card, pan card, or they can fill an inquiry form online at Dialabank digital platform for better convenience and personalized assistance.
✅ Is there any fee payable for the Gold Loan?
Yes, you have to pay the loan processing fee (non-refundable) as well as the Valuation fee.
