Gold Loan Berhampur

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Gold Loan Berhampur

✅ Is a gold loan secured?

Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.

✅ Is a gold loan better than a personal loan?

Yes, a Gold loan is better than a personal Loan because in Gold Loan banks/NBFC’s takes Gold ornament as well as a gold coin as collateral and in the case of a Personal loan it is unsecured and hence carries higher interest than a gold loan.

✅ What is the best online platform to get a gold loan online?

Dialabank is the best platform to get a loan. Dialabank provides you with a hassle-free process as well as the lowest interest rate in the market as compared to others.

✅ Is there any fee payable?

Yes, you have to pay the loan processing fee (non-refundable) as well as the Valuation fee.

Best Banks for Gold Loan in Berhampur

Feature HDFC Bank SBI
Muthoot Finance
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
1 month 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 Berhampur Features

gold loan berhampurYour gold is an asset that can help you during a monetary crunch or when you are in need of urgent lumpsum money in hand. A gold loan is a type of secured loan in which gold is kept as security in exchange for financial help.
The main features of the gold loan in Berhampur are:
  1. Less processing time.
  2. No hidden charges.
  3. Fast Loan disbursal.
  4. No credit checks.
  5. No co-signer needed.
  6. Prepayment facility

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

You Can Call and Speak with a Gold Loan Relationship Manager on 9878981144

Gold Loan Berhampur Interest Rates – Apr 25 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%

Gold Loan Per Gram For All Major Bank in Berhampur – Apr 25 2024

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 Berhampur

Minimum and Maximum Age
21 Yrs – 60 Yrs
Note: However, many banks require a minimum age of 23 years
Loan Amount
Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
Interest rates are lower for a higher loan amount
Employment Type
Salaried and self-employed both are eligible
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
Gold ornaments should range in between 18 to 24 Carats
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
Banks do not check CIBIL score for granting a gold loan
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 bars and coins
Gold with 18-24 carat purity
Employment track record and income proofs
Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.

Gold Loan Berhampur Eligibility & EMI Calculator

Documents for Gold Loan Berhampur

At the time of application the following documents are required:

At the time of disbursement the following documents are required:

Eligibility Criteria for Gold Loan Berhampur

  1. The applicant should be at least 21 years of age
  2. The applicants’ age should not be more than 60 years
  3. He/she should be a national citizen

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How to Apply for Gold Loan Berhampur

Online Process to Apply for Gold Loan Berhampur
Dialabank is taken as the best platform to apply for a gold loan online. The reasons are the following:
  1. Dialabank is India’s first financial helpline; it offers the best financial services to its customers in India.
  2. The bank has a good reputation among the customers because of its fast and best services.
  3. Gold Loans can be availed at a low-interest rate with minimal documentation requirements.
  4. There is no processing fee or supplementary charges for availing the facilities through Dialabank.
  5. The Relationship managers of Dialabank are trained and guide the consumer without any hesitance.
Offline Process to Apply for Gold Loan Berhampur

The applicants need to seek the nearby branches of the banks offering Gold Loans and visit them at their working hours. Thereafter, their relationship manager will assist you according to your needs requiring repeated visits to the nearest branch.

The applicant also has to avail Gold Loan through the offline process. This needs market research as well as some manual efficiency.

Processing Fees / Prepayment Charges on Gold Loan Berhampur

Bank
Processing Fee
Prepayment Charges
HDFC Bank Gold Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Gold Loan
0.50% to 1.50%
Nil
Private Bank Gold Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Gold Loan
500/- to 0.50%
Nil
Kotak Gold Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Gold Loan
Nil
Nil
Muthoot Gold Loan
Nil
Nil
Manappauram Gold Loan
Nil
Nil
PNB Gold Loan
0.70% to 1%
Nil
Canara Bank Gold Loan
1%
Nil
Andhra Bank Gold Loan
Nil
Nil

EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison

Monthly Payment EMI Scheme (₹)
Bullet Repayment (₹)
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
Bullet Payment (At the end of 12 months)
  ₹ 3 Lakh
Total Payment ₹ 3.24 Lakh ₹ 3.44 Lakh

CIBIL Score Required for Gold Loan Berhampur

Most of the major banks and NBFCs provides Gold Loan irrespective of the CIBIL score. The applicant must have all the necessary documents and must fulfil the eligibility criteria.

Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Berhampur

Bank Interest Rate Lowest EMI Per Lakh
Eligible Loan Amount For Max Tenure
SBI Gold Loan 7.50% Rs. 3,111
Rs. 20 Lakh for 36 months
Muthoot Gold Loan 11.99% Rs. 3,321
Rs. 50 Lakh for 36 months
Manappuram Gold Loan 12.00% Rs. 8,885
Rs. 1 Cr for 12 months
HDFC Bank Gold Loan 9.90% Rs. 4,591
Rs. 50 Lakh for 24 months
Yes Bank Gold Loan 9.99% Rs. 3,226
Rs. 50 Lakh for 36 months
Private Bank Gold Loan 10.00% Rs. 8,792
Rs. 15 Lakh for 12 months
Federal Bank Gold Loan 8.50% Rs. 8,722
Rs. 75 Lakh for 12 months
Canara Bank Gold Loan 7.65% Rs. 8,683
Rs. 10 Lakh for 12 months
Andhra Bank Gold Loan 10.70% Rs. 8,824
Rs. 2 Cr for 12 months
Axis Bank Gold Loan 13.00% Rs. 4,754
Rs. 20 Lakh for 24 months
IndusInd Bank Gold Loan 10.00% Rs. 8,792
Rs. 10 Lakh for 12 months
PNB Gold Loan 8.75% Rs. 8,734
Rs. 10 Lakh for 12 months
Fincare Small Finance Bank Gold Loan 12.99% Rs. 11,721
Rs. 40 Lakh for 9 Months

Gold Loan Berhampur Agent and Contact Number

Dialabank provides you guidance to find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right decision. Visit our website www.dialabank.com and fill a simple form. Our customer relationship managers will soon get in touch with you.

You can apply online at www.dialabank.com. Also, give me a call at 9878981166.

Gold Loan Berhampur Contact Number

Call 9878981166 and get instant help and approval for a gold loan in Berhampur.

Pre Calculated EMI Table for Gold loan Berhampur

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Berhampur

Berhampur also is known as Brahmapur is a city on the eastern coastline of the Ganjam district of the Indian state of Odisha in East India. It is known as the home of Lord Brahma and is usually known as the silk city- the city which is famous for the lustrous ikkat silk sarees in different colours and patterns.

Special Note: Always check Gold Loan Rate Per Gram before applying for a loan against gold.

गोल्ड लोन ब्रह्मपुर के बारे में हिंदी में जानिए गोल्ड लोन ब्रह्मपुर


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Gold Loan Berhampur FAQs

✅ How does the gold loan work?

The loan on gold is very simple to understand. The Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.

✅ Is a gold loan secured?

Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.

✅ Is a gold loan better than a personal loan?

Yes, a Gold loan is better than a personal Loan because in Gold Loan banks/NBFC’s takes Gold ornament as well as a gold coin as collateral and in the case of a Personal loan it is unsecured and hence carries higher interest than a gold loan.

✅ What is the best online platform to get a gold loan online?

Dialabank is the best platform to get a loan. Dialabank provides you with a hassle-free process as well as the lowest interest rate in the market as compared to others.

✅ Is there any fee payable?

Yes, you have to pay the loan processing fee (non-refundable) as well as the Valuation fee.