The gold loan also referred to as ‘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.

What is gold loan interest rate in Nellore?

Gold loan interest is the monthly amount a borrower pays in addition to the principal loan amount. Different banks and financial institutes offer different rates of interest. On average, this rate varies between 10.50% and 12% per annum.

Gold Loan Nellore | Lowest Rate @10.70% PA

Gold Loan Nellore

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Major Gold Loan Providers in Nellore

Feature	HDFC Bank	ICICI Bank	Muthoot Finance
Interest Rate	9.90%	10.50%	12%
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
Preclosure Chgs	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	2500	2600	2700*

Gold Loan Nellore 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. Many banks and NBFCs in India offer this financial service that can be easily availed by anyone.

The feature of gold loan are:

No credit checks.
No co-signer needed.
Less processing time.
No hidden charges.
Fast Loan disbursal.
Prepayment facility.

Gold Loan Nellore Interest Rates

Bank	Interest Rate
HDFC Bank Gold Loan	10.25% to 14%
Axis Bank Gold Loan	10.50% to 16%
ICICI 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%

Documents for Gold Loan Nellore

Proof of Identity: Passport Copy/ Voters ID card/ Driving License/Aadhaar card.
Address Proof
Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.
2 passport size photographs.

Additional Documents Required for Gold Loan Nellore

Land Proof
A Demand Promissory Note.
Certification by the Jewel Appraiser (Bank will arrange).
Income Proof: Salary Certificate and Form No.16

Eligibility Criteria for Gold Loan Nellore

The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
Should be an Indian National.

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How to Apply for Gold Loan Nellore

Online Process to Apply for Gold Loan Nellore

Visit our site Dialabank.
Enter your details and fill the form.
Our relationship manager will call and assist you through the entire process.

Avail your Gold Loan with Dialabank and get personalized assistance.

Dialabank is considered as the best platform to apply for a gold loan per gram online. Reasons behind this:

Dialabank is India’s prime commercial helpline; it gives the most reliable business assistance to consumers all over the nation.
The bank has a great repute among the consumers because of its best help.
You will get a low gold loan interest rate.
Interest Rate.
Dialabank escorts the consumers free of cost.
Minimal paperwork is needed.
You will receive a great LTV of your gold.
Contact executives are prepared enough to escort you in the whole process of Gold Loan.

Offline Process to Apply for Gold Loan Nellore

The candidate also has a choice to avail of a Gold Loan from the nearby offices. To do so, explore Gold Loan near me on google. It will list all the nearby areas from where you can avail of the loan. Then, you will have to hit repeatedly until the loan gets sanctioned.

Thus, it can be a very tiring and time-consuming process. But, with DialaBank you need not worry about documentation and time. Just give a call on 9878981144 and our relationship managers will assist you.

Processing Fees / Prepayment Charges on Gold Loan Nellore

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
ICICI 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

CIBIL Score Required for Gold Loan Nellore

750 is the minimum CIBIL score required to avail of a gold loan in Nellore.

Gold Loan Nellore Agents

Dialabank is scattered throughout Nellore and has relationships with several banks and NBFCs that give gold loans at low-interest prices. Dialabank helps you find the right bank for your interest and need.

Just apply online at Dialabank or give a call at 9878981144.

Gold Loan Nellore Contact Number

Call 9878981144 and get instant help and approval for Gold Loan in Nellore.

Pre Calculated EMI Table for Gold Loan Nellore

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 Nellore

Nellore is a city situated on the banks of Penna River, located in the Nellore district of the Indian state of Andhra Pradesh. It serves as the headquarters of the district, as well as the Nellore Mandal and Nellore revenue division. The city is famous for its spicy cuisine popular across Andhra Pradesh, Tamilnadu and Karnataka.