Best Banks for Gold Loan in Machilipatnam
Gold Loan Machilipatnam Features
Most of the main banks and NBFCs offer the Gold Loan at a coffee Gold loan interest rate and minimum documentation. Gold Loan has secured loans that will be availed against your Gold ornaments/Jewelry as collateral or margin. Banks sanction Gold Loan simply considering the actual fact that you simply repay the number within the style of interest in an exceedingly specific amount of your time. the number of loans varies upon the purity of the karats of gold.
Gold Loan Rate Per Gram Today in Machilipatnam
Updated - Gold Loan Per Gram Rate w.e.f Apr 23 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 Machilipatnam 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 Machilipatnam Documents Required
- 2 colored passport size photographs of the applicant
- Certificate by the Jewel Appraiser (Bank will arrange)
- Proof of Address: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Sales Tax certificate.
- Land Proof: Only for agriculture loan above Rs 1 Lakh. (not required for allied agricultural purpose)
- Identity proof such as Driving License/Passport/Aadhar Card/Voter’s ID, etc
- Signed Application form
- A Demand Promissory Note.
- Proof of Income (i.e. salary slips/ Form 16) of the borrower
- Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.
Gold Loan in Machilipatnam Eligibility Criteria
- The minimum age of the individual should be 21 years and a maximum up to 60 years.
- Nationality of the borrower should be Indian
- He/She should be salaried or self-employed
GOLD LOAN @ 0.75%*
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