Gold loan Mohali – Interest Rates 2024, Documents, Eligibility

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

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Gold Loan Interest Rates in Mohali 2024

Interest rates for gold loans in Mohali 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 Mohali

  • 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 Mohali

  • 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)

Here are some of the gold loan providers in Mohali:

Muthoot Finance Address: SCO 52, Ground Floor, Sector-70, Mohali, Punjab 160071

IIFL Gold Loan Address: SCF 115, Phase 5, Sector 60, Sahibzada Ajit Singh Nagar, Mohali, 160059

Manappuram Finance Ltd Address:SCO-38, Ground Floor, Phase 3B2, Sahibzada Ajit Singh Nagar, Mohali-160059

HDFC Bank Gold Loan Address: HDFC Bank ATM, SCO-342, Sector 70, Sahibzada Ajit Singh Nagar, Mohali – 160062

ICICI Bank Gold Loan Address: ICICI Bank ATM, SCO-265, Sector 69, Sahibzada Ajit Singh Nagar, Mohali – 160062

SBI Gold Loan Address: State Bank of India, SCO-265, Sector 69, Sahibzada Ajit Singh Nagar, Mohali – 160062