Major Gold Loan Providers in Mumbai
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 Mumbai Features
Your gold is an asset that can help you during a financial 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 collateral security in exchange for monetary help. While you enjoy funds at a low Gold loan interest rate, your Gold jewellery is kept safe in the bank vault.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 Mumbai Interest Rates – Mar 24 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%
Gold Loan Per Gram For All Major Bank in Mumbai – Mar 24 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 ₹ 4,621 | 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 Mumbai
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
Documents for Gold Loan Mumbai
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 Mumbai
- The applicant should be at least 21 years of age
- The applicants’ age should not be more than 60 years
- They should be a national citizen
GOLD LOAN @ 0.49%*
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How to Apply for Gold Loan Mumbai
Online Process to Apply for Gold Loan Mumbai
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, 0the steps that are required to be followed are:
- Visit the Dialabank website.
- 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 Mumbai
You can visit the branches near your location to avail gold loan per gram in Mumbai. 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 Mumbai
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 Mumbai
Provided that all the necessary documents are submitted, the banks and NBFCs provide a gold loan, irrespective of the CIBIL score.
| Fees | Amount to be paid |
| Loan Processing Charges | 1% of disbursal amount |
| Valuation Fee | Rs 250 +applicable tax up to 1.5 lacs per packet per loan Rs 575 +applicable tax above 1.5 lacs per packet per loan |
| Foreclosure charges | 1% + applicable tax |
| Stamp Duty & other statutory charges | At Actual |
| Renewal Processing Fees- | Rs 350 + applicable tax |
| Auction charge | As per actual |
| Prepayment charges | 1% + applicable tax |
| OD Commitment Charge | Up to 0.5% p.a. if average utilization is < 20% |
| Cheque / Ecs / SI / Swapping charges | Rs 200 + GST |
| Bounce charges | Rs 200 + GST |
| Legal and collection charges | At actuals |
| CIBIL Report copy charges | Rs 50 |
| Duplicate Amortisation / Repayment Schedule charges | Rs 200+ GST |
| TOD charges ( Overdraft ) | 18% p.a. |
| Default Interest/Penalty | 2% per month on overdue amt |
Compare Gold Loan Rate Per Gram and Lowest EMI of All banks in Mumbai
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 Mumbai Agents
Dialabank is the leading agent for availing of Gold Loan in Mumbai. 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 get in contact with you within no time.
Gold Loan Mumbai Contact Number
Call 9878981144 and get instant help and approval for Gold Loan in Mumbai.
Pre Calculated EMI Table for Gold Loan Mumbai
About Mumbai
Mumbai, also known as Bombay, is the capital city of Maharashtra, India. It is the largest city in India and acts as a hub for the financial centre of the country. It is home to the country’s largest population with millions of opportunities for everyone. It is also regarded as the heart of the Bollywood film industry.
गोल्ड लोन मुंबई के बारे में हिंदी में जानिए गोल्ड लोन मुंबई
Gold Loan Near you in Mumbai
Gold Loan Mumbai FAQs
✅ How to get Gold Loan in Mumbai?
To get a gold loan, a person can either walk into the nearest gold loan offering bank branch with their gold and basic documents like Aadhar Card and PAN Card, or they can fill an inquiry form and apply online at Dialabank’s digital platform for better convenience and personalized assistance.
✅ 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 Mumbai?
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 the highest LTV ratio, to name a few.
