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Gold Loan in Hyderabad 2022

Apply for Gold loan in Hyderabad

Last Updated 22nd Jan 2022

  • Gold loan interest rate in Hyderabad starts at 9.00%.
  • The LTV ratio for gold loans goes up to 75% of the value of the gold.
  • You can avail a gold loan in Hyderabad from top Banks like SBI, Axis Bank, Yes Bank, PNB and ICICI Bank among others.
  • Best Gold Loans in Hyderabad are offered by Muthoot and Manapurram.
  • Apply for Instant Gold Loan online in Hyderabad without income proof.
Apply for Gold Loan @ 9.00%* Get upto ₹ 500* Cashback
Hyderabad

Gold Loan in Hyderabad

Gold loan is a popular credit facility in Hyderabad. There are many gold loan companies in Hyderabad that offer gold loans at affordable interest rates. The loan is availed by keeping the gold as mortgage to borrow a loan amount as per the LTV ratio of the gold which ranges up to 75% as per RBI Guidelines. Gold loan interest rate in Hyderabad begins from 9.00%.

Documents Required for Gold Loan in Hyderabad

Gold loans are the easiest to avail credit facility in Hyderabad. This is because the loan can be borrowed by people from all occupations and backgrounds. Therefore, the document check is also limited to identity and address proofs.

A list of documents required to avail a gold loan in Hyderabad are mentioned as follows:

  • Gold loan application form
  • Passport size photographs
  • Identity proofs such as Passport, voter ID card, PAN card and Aadhar card
  • Address proof such as passport, driving license, aadhar card, rent agreement, Voter iD card and utility bills such as water electricity, gas, or telephone bill

Top Banks Offers Jewel Loan in Hyderabad

Bank Interest Rate Loan Tenure Maximum Loan Amount
Axis Bank13.50%24 months₹ 20 Lakh
ICICI Bank10.00%12 months₹ 10 Lakh
IndusInd Bank10.00%24 months₹ 10 Lakh
Yes Bank9.99%36 months₹ 10 Lakh
PNB7.25%12 months₹ 10 Lakh
SBI7.50%36 months₹ 50 Lakh
HDFC Bank9.00%24 months₹ 10 Lakh
Federal Bank8.50%12 months₹ 75 Lakh
Andhra Bank7.25%12 months₹ 2 Cr
Canara Bank7.35%12 months₹ 20 Lakh

About Hyderabad

Hyderabad is a capital city of Telangana and is a second largest city of sindh. Now the city has become a hub for trade and commerce and information technology. With that you cannot miss Biryani when you come to the city. Population: 10 million

Reasons to Apply for Gold Loan

Gold Loan to Cover Expensive Medical bills

Everyone does not have savings using which they can pay the expensive bills. To fight this situation you can take gold loan from any financial institution in Hyderabad. The top lender in the city are Muthoot Finance, Manappuram, Yes Bank and HDFC Bank.

FAQs

What is the interest rate for gold loan Hyderabad?

Gold loan interest rate in Hyderabad varies across various gold loan lenders. However, currently, the lowest gold loan interest rate in Hyderabad is 9.00%.

Which bank is best for gold loan Hyderabad?

Currently, Axis Bank offers the lowest gold loan interest rate in Hyderabad of 9.00%. In addition to that, Axis Bank offers the maximum loan amount on Axis Bank gold loan of ₹ 2 Cr and can be the best bank for high-value loan requirements.

What is the maximum tenure for gold loan in Hyderabad?

You can get a loan against gold in Hyderabad for a maximum tenure of 36 months. However, the gold loan tenure for every lender is different.

What is the procedure of getting a gold loan for defaulters in Hyderabad?

The procedure to avail a gold loan is easy when compared to other types of loan, even for defaulters. Lenders do not check your credit score because anyway in gold loan your gold is mortgaged. If you will not repay the loan then your gold will be kept by the bank.

Who can apply for a loan against gold in Hyderabad?

The eligibility criteria for a loan against gold in Hyderabad may vary for every lender. The general criteria is, you should be above 18 years and have gold jewellery above 18 karat.

Is it safe to take a gold loan from Muthoot Finance Hyderabad and what are the timings and contact number of Muthoot Finance Hyderabad?

Yes, it is safe to take a gold loan from Muthoot Finance Hyderabad because it has A+ rating from CRISIL. You can visit the nearest branch anytime between 9:30 am to 6 pm or contact at 1800-102-1616.

Is it possible to get an instant gold loan from Manappuram gold loan in Hyderabad?

Yes, you can take an instant gold loan from Manappuram. You can avail Manappuram gold loan with minimal documentation. Also, you get free insurance for your gold from this bank.

What are the best gold loan companies in Hyderabad?

Axis Bank, HDFC Bank are the best companies for gold loan in Hyderabad. These lenders offer loans at a lowest interest rate of 9.00% respectively.


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Gold Loan News - Jan 2022
  • 2022-01-20 : Union Lenders Approves Reimbursement Amount of ₹974 cr for Pandemic Loan Moratorium.
    The Union Cabinet has approved a sanction of ₹973.74 crores for lenders to reimburse the loan moratorium. Earlier, on March 27, 2020, the Reserve Bank of India (RBI) had announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic, which was extended to August 31.
  • 2022-01-19 : ICICI Bank Revises Gold Loan Interest Rates
    ICICI Bank has slashed the gold loan interest rates by 1 per cent. The new rates after the change are starting at 10%.
  • 2022-01-18 : Federal Bank Revises Gold Loan Interest Rates
    Federal Bank has increased the gold loan interest rates, and as a result, the bank is offering the lowest rates starting at 8.50%.
  • 2022-01-06 : Canara Bank Q3 Net Profit Rises by 139.5%
    Canara Bank has reported a net profit of 139.5% to register a year-on-year profit of Rs. 1,667.3 cr in Q3.
  • 2022-01-05 : HDFC Bank Reports Growth by 16.4%
    The private lender HDFC Bank reported that its advances growth rose by more than 16.4% in the December quarter. As a result, the advances reached Rs 12.6 lakh crore compared to Rs 10.8 lakh crore in the same period last year.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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