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Gold Loan Mysore - SBI, HDFC, & All Gold Loan Providers

Loan Against Gold in Mysore

Last Updated 21st Jun 2021

  • Gold loan interest rate in Mysore starts at 9.50%.
  • The LTV ratio for gold loans goes up to 75% of the value of the gold.
  • You can avail a gold loan in Mysore from top Banks like SBI, Axis Bank, Yes Bank, PNB and ICICI Bank among others.
  • Popular gold loan NBFCs in Mysore are Muthoot and Manapurram.
  • Apply for Instant Gold Loan online in Mysore without income proof.
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Mysore

Gold Loan in Mysore

Gold loan is a popular credit facility in Mysore. A number of banks and NBFCs offer gold loans in Mysore at affordable interest rates. The loan is availed by keeping the gold as a 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 Mysore begins from 9.50%.

Documents Required for Gold Loan in Mysore

Gold loans are the easiest to avail credit facility in Mysore. 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 Mysore 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 Mysore

Bank Interest Rate Loan Tenure Maximum Loan Amount

FAQs

What is the interest rate for gold loan Mysore?

Gold loan interest rate in Mysore varies across various gold loan lenders. However, currently, the lowest gold loan interest rate in Mysore is 9.50%.

Which bank is best for gold loan Mysore?

Currently, Axis Bank offers the lowest gold loan interest rate in Mysore of 9.50%. 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 Mysore?

You can get a loan against gold in Mysore for a maximum tenure of 36 months.


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*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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