Gold Loan in Mysore 2022

Gold loan is a popular credit facility in Mysore. There are many gold loan companies in Mysore 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 Mysore begins from 9.00%.

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

✅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 9.00%.

✅Which bank is best for gold loan Mysore?

Currently, Axis Bank offers the lowest gold loan interest rate in Mysore 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 Mysore?

You can get a loan against gold in Mysore 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 Mysore?

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 Mysore?

The eligibility criteria for a loan against gold in Mysore 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 Mysore and what are the timings and contact number of Muthoot Finance Mysore?

Yes, it is safe to take a gold loan from Muthoot Finance Mysore 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 Mysore?

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 Mysore?

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