Gold Loan Tuticorin

Major Gold Loan Providers in Tuticorin

Feature	HDFC Bank	Private 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*

Features of Gold Loan Tuticorin

1. You can avail Loan up to Rs.1 Crore or more & up to 70% of value for any purpose
2. You get 100% Safety & Security of your Gold Jewelry
3. Get your Loan processed in less than 30 minutes
4. Enjoy Anytime Liquidity.
5. No EMI, Service only Interest and enjoy the Loan facility
6. Lower Gold loan Interest Rate
7. Simple documentation and fast processing.
8. Overdraft limit varies depending on the market rate of gold.
9. The interest rate is payable the only amount of the overdraft that you use.

Gold Loan Rate Per Gram Today in Tuticorin

Updated - Gold Loan Per Gram Rate w.e.f Apr 19 2024
Gold Weight	Gold Purity 24 Carat	Gold Purity 22 Carat	Gold Purity 20 Carat	Gold 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 Tuticorin Interest Rates and charges

Feature	HDFC Bank	Private 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*

Documents for Gold Loan Tuticorin

1. Proof of Identity can be Passport Copy/ Voters ID card/ Driving License/Aadhaar card.
2. Address Proof can be Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
3. Signature Proof can be Passport Copy/Driving License/Banker’s verification/cheque.
4. 2 passport size photos.

Additional Documents Required for Gold Loan Tuticorin

1. Land Proof: In the case of Agriculture Loan of over Rs. 1 lac. The same is not needed for allied agriculture purposes.
2. A Demand Promissory Note.
3. Certification by the Jewel Appraiser (Bank will arrange).
4. Proof of Income: Salary Certificate and Form No.16

Eligibility Criteria for Gold Loan Tuticorin

1. The minimum age should be 21 years and a maximum of up to 60 years.
2. Must be an Indian National.

How to Apply for Gold Loan Tuticorin

Online Process to Apply for Gold Loan Tuticorin

• You can apply for the HDFC Bank Gold Loan at Dialabank.
• You need to fill a short and simple online form.
• Our representative will call you then for further process. You will also be provided with a doorstep document pick up facility.
• For more details, you can call us on 9878981144 anytime.

Dialabank is even regarded as the most trusted platform to apply for a gold loan online and there are many reasons behind this:

1. Dialabank is India’s first financial helpline; it comes with the best financial services all over the country.
2. Dialabank has a free of cost of guidance policy for its customers. So, there will be no additional charges if you apply for a gold loan online on the Dialabank website.
3. Furthermore, you can even enjoy a high LTV of your gold.
4. Due to its best and quick service, the bank has a great reputation amongst the customers.
5. If you are applying for a gold loan on the Dialabank website, you will get a very low-interest rate HDFC Gold Loan.
6. Dialabank also offers the customer a doorstep document pickup facility to ease the process.
7. Also, very little paperwork is needed if you apply for a gold loan per gram through Dialabank.
8. Our Relationship Managers are thoroughly trained so that they can guide and assist you in the whole process of Gold Loan.

Offline Process to Apply for Gold Loan Tuticorin

The applicant can also avail of a Gold Loan with the help of nearby branches. In order to do so, simply search Gold Loan near me on google. The search will present you with all the bank branches and finance companies that are providing loans near you. You then need to select amongst them according to your knowledge, but Dialabank can make your work easier and faster by doing it for you.

After that, you will have to visit those departments to apply for the loan, and then before the loan gets approved, you will have to visit many times more.

Some banks and finance companies that provide a much faster process is HDFC Gold Loan branches and Muthoot Gold Loan branches.

You can also obtain loans from HDFC Gold Loan Branches. To find a branch that is near you, just search Muthoot Gold Loan nearby. Google will show a list of all the Muthoot Gold Loan Branches that are near you.

FAQs About Gold Loan

1. How does  Gold Loan work?
   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.
2. Gold Loan is 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.
3. What happens when you don’t repay a Gold Loan?
   If the borrower is unable to return the gold loan on time, then the bank is liable to sell his gold ornaments.
4. To get a gold loan do I need a co-applicant?
   No, to avail Gold loan you don’t need any co-applicant
5. Is Gold loan better than a Personal loan?
   Yes, a Gold loan is better than personal Loan because in Gold Loan banks/NBFC’s takes Gold ornament as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.
6. What is the best online platform to avail gold loan?
   Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.
7. Is there any fee payable for the Gold Loan?
   Yes, you have to pay the loan processing fee (non-refundable) as well as Valuation fee.
8. Are all the residents of Tuticorin eligible for a gold loan?

No. The resident should be between 18 to 70 years old at the time of loan maturity and should be in the ownership of gold of minimum 18 carats.

9. Do I need an income proof for a gold loan?

No, you don’t. All you need is:

• id proof
• address proof
• signature proof
• 2 passport-sized photos of the applicants

10. Are my gold ornaments safe?

You gold ornaments are guarded by technological surveillance that is updated regularly and an alert staff. They are kept in lockers of high quality.

11. Can I repay my loan only through EMI payment?

No, a gold loan offers many repayment options. If you don’t want to pay monthly EMIs, you can pay monthly interest and pay the principal when the tenure ends, or pay the entire amount lump sum at the end.

About Tuticorin

Thoothukudi, likewise known by its previous name Tuticorin, is a port city, a metropolitan partnership and a modern city in Thoothukudi locale in the Indian province of Tamil Nadu. The city lies in the Coromandel Coast of Bay of Bengal. Thoothukudi is the capital and central station of Thoothukudi area.

Interest Rate of Different Banks for Gold Loan Tuticorin

Other gold loan cities in Tamil Nadu