Gold loan Ludhiana – Interest Rates 2024, Documents, Eligibility
Gold Loans in Ludhiana: Get Details on Gold loans in Ludhiana, Interest Rates, Documents, EMI and Fees charges on Gold loans. Getting a gold loan in Ludhiana can be a quick and convenient way to access funds. Here’s what you need to know:
Gold Loan Interest Rates in Ludhiana 2024
Interest rates for gold loans in Ludhiana 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 Ludhiana
- 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 Ludhiana
- 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)
Gold Loan Providers in Ludhiana
There are several gold loan providers in Ludhiana offering competitive interest rates and flexible repayment options. Here are a few options to consider:
Banks:
Punjab National Bank (PNB): Offers gold loan interest rates starting from 10.75%.
IndusInd Bank: Offers gold loan interest rates starting from 11.15%.
Bandhan Bank: Offers gold loan interest rates starting from 11.5%.
State Bank of India (SBI): Offers gold loan interest rates starting from 10.25%.
ICICI Bank: Offers gold loan interest rates starting from 11.25%.
NBFCs:
Bajaj Finserv: Offers gold loan interest rates starting from 14%.
Rupeek: Offers gold loan interest rates starting from 10.99%.
Manappuram Finance: Offers gold loan interest rates starting from 10.75%.
Muthoot Finance: Offers gold loan interest rates starting from 11.25%.
Shriram Finance: Offers gold loan interest rates starting from 10.99%.
Other providers:
Swastik Financial: Offers competitive gold loan interest rates.
Finocal Finance: Offers quick and hassle-free gold loan processing.
Ravinder Finance: Offers transparent and customer-friendly gold loan services.
HSIS Gold Loan: Offers personalized gold loan solutions.
