Gold loan Amritsar – Interest Rates 2024, Documents, Eligibility
Gold Loans in Amritsar: Get Details on Gold loans in Amritsar, Interest Rates, Documents, EMI and Fees charges on Gold loans. Getting a gold loan in Amritsar can be a quick and convenient way to access funds. Here’s what you need to know:
Gold Loan Interest Rates in Amritsar 2024
Interest rates for gold loans in Amritsar start from around 0.74% per month. The actual rate you get will depend on the lender, loan amount, gold purity, and repayment period.
|
Banks |
Interest Rates |
| SBI Gold Loan |
8.70% – 9.50% |
| Muthoot finance | 12.00% to 24.00% p.a. |
| Manappuram | 14.00% – 26.00% p.a |
| HDFC Bank | 10.60% – 16.81% p.a |
| ICICI Bank | 10.00% – 17.95% p.a |
| Axis Bank | 17% |
| Punjab National Bank | 8.55% – 8.75% p.a |
Gold Loan Eligibility in Amritsar
- Must be at least 18 years old and have proof of identity and residence.
- Gold pledged must be at least 18 karat pure.
- Profession: Anybody with Steady source of income including: Bank’s Employees, Pensioners
Documents required for Gold Loans in Amritsar
- D P Note and D P Note Take Delivery Letter
- Application for Gold Loans (as per specified format)
- Two copies of photograph of the borrower(s)
- Gold Ornaments Take Delivery Letter (as per specified format)
- Witness Letter in case of illiterate borrowers (as per specified format)
- Arrangement Letter (as per specified format)
There are many gold loan providers in Amritsar. Here are a few of the most popular ones:
Muthoot FinCorp Gold Loan: This is one of the largest and most trusted gold loan providers in India. They offer a variety of loan options, including overdraft and bullet repayment. They also offer a high loan-to-value ratio (LTV) of up to 75%.
Dev Parkash Gold Loan: This is a local gold loan provider in Amritsar. They offer competitive interest rates and a quick and easy loan application process.
Ruptok Gold Loan: This is another local gold loan provider in Amritsar. They offer a variety of loan terms and conditions, including flexible repayment options.
IIFL Gold Loan: This is a national gold loan provider with a branch in Amritsar. They offer a variety of loan options and a high LTV of up to 80%.
Grover Finserv: This is a local gold loan provider in Amritsar. They offer competitive interest rates and a quick and easy loan application process.
Buttar Finance: This is a local gold loan provider in Amritsar. They offer a variety of loan options, including short-term and long-term loans.
