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Gold Loan in Vadodara 2022

Apply for Gold loan in Vadodara

Last Updated 22nd Jan 2022

  • Gold loan interest rate in Vadodara 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 Vadodara from top Banks like SBI, Axis Bank, Yes Bank, PNB and ICICI Bank among others.
  • Best Gold Loans in Vadodara are offered by Muthoot and Manapurram.
  • Apply for Instant Gold Loan online in Vadodara without income proof.
Apply for Gold Loan @ 9.00%* Get upto ₹ 500* Cashback
Vadodara

Gold Loan in Vadodara

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

Documents Required for Gold Loan in Vadodara

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

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 Vadodara

Vadodra, also known as Baroda is a third largest city of Gujarat. The city is described as Tilak on the Brove of Lata" and it is named after Banyan tree. This city is an industrial city of the state. The city is famous for Lakshmi Vilas Palace, Kali Madir, Suryanarayan temple and more. Population: 3,522,221

Reasons to Apply for Gold Loan

Gold loan to starting or growing a business

Avail gold loan from a lender in Vadodra to start a small scale business or expand your business. This loan will work best if you need less loan amount and can repay it withing shorter tenure.

Gold Loan for Education

Now you can apply for a gold loan to meet the education expenses like paying school fees, college fees or for books. There are many lenders in offers gold loan at a competive interest rate and flexible tenure.

FAQs

What is the interest rate for gold loan Vadodara?

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

Which bank is best for gold loan Vadodara?

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

You can get a loan against gold in Vadodara 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 Vadodara?

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 Vadodara?

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

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

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 Vadodara?

Axis Bank, HDFC Bank are the best companies for gold loan in Vadodara. 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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