Gold loan Kolkata – Interest Rates 2024, Documents, Eligibility

Gold Loans in Kolkata: Get Details on Gold loans in Kolkata, Interest Rates, Documents, EMI and Fees charges on Gold loans. Getting a gold loan in Kolkata can be a quick and convenient way to access funds. Here’s what you need to know:

Gold Loan Interest Rates in Kolkata 2024

Interest rates for gold loans in Kolkata start from around 0.74% per month. The actual rate you get will depend on the lender, loan amount, gold purity, and repayment period.

Gold Loan Eligibility in Kolkata

• 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 Kolkata

• 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)

Several banks in Kolkata offer gold loans, each with its own interest rates and terms. Here are some of the popular options:

Nationalized Banks:

Allahabad Bank: Offers competitive interest rates and flexible repayment options.
Bank of Baroda: Provides quick loan approval and doorstep service.
Bank of Maharashtra: Offers a range of loan options with different interest rates and loan-to-value (LTV) ratios.
Union Bank of India: Offers a high LTV ratio and easy documentation process.

Private Banks:

Axis Bank: Offers a variety of gold loan options with attractive interest rates and flexible repayment options.
DCB Bank: Offers one of the lowest interest rates on gold loans in Kolkata.
HDFC Bank: Provides a hassle-free loan experience with fast processing and convenient repayment options.
ICICI Bank: Offers a wide range of gold loan products with competitive interest rates.
IndusInd Bank: Offers a high LTV ratio and flexible repayment options.
Kotak Mahindra Bank: Provides a convenient and quick loan process with competitive interest rates.
YES Bank: Offers a range of gold loan products with attractive interest rates and flexible repayment options.

Non-Banking Financial Companies (NBFCs):

IIFL Gold Loan: Offers competitive interest rates and doorstep service.
Rupeek: Offers high LTV ratio and convenient doorstep service.
Manappuram Finance: Provides quick loan approval and flexible repayment options.