Gold Loan in Hyderabad @
0.8% per month*
Gold Loan in Hyderabad
@ 0.8% per month*
Gold Loan in Hyderabad @
0.8% per month*
Gold Loan in Hyderabad
@ 0.8% per month*
Apply with mobile number
You will receive a call from our Relationship Manager
Nearest indiagold office
4th Floor, No. 6-3-853, 854/A/M/407, Meridian Plaza, Beside Lal Bungalow, Ameerpet, Hyderabad, Telangana, 500016
Apply with mobile number
You will receive a call from our Relationship Manager
Nearest indiagold office
4th Floor, No. 6-3-853, 854/A/M/407, Meridian Plaza, Beside Lal Bungalow, Ameerpet, Hyderabad, Telangana, 500016
*Terms & Conditions apply
WHAT IS SPECIAL ABOUT GOLD LOANS?
Gold loans are bullet facilities - you need to pay back principal at end of tenure.
0.8% RATE OF INTEREST PER MONTH
GOLD LOAN
MONEY TRANSFER IN JUST 30 MINUTES
100% FREE INSURANCE ON YOUR GOLD
NEED MONEY QUICKLY IN hyderabad?
Look no further than a gold loan with indiagold!
With indiagold's gold loan service in hyderabad, you can borrow money using your gold or gold jewellery as collateral. No need for a down payment or additional collateral.
Simply apply here, and get the funds you need in no time. Whether for personal or business use, a gold loan is a hassle-free way to get the financial support you need.
If you're looking for a city in India that's fun, exciting, and friendly—and has a good atmosphere—then Hyderabad is the place for you.
Hyderabad is one of the most famous cities in India. This city is known as the "Silicon Valley of India," because it's home to many major technology companies like Google and Microsoft.
The city also has a lot to offer tourists. During the month of November, Hyderabad hosts an annual festival called Golkonda Festival. The festival celebrates the life of Tipu Sultan, who lived in this area during his time as ruler of Mysore. The festival is often referred to as "Tipu Sultan Festival" or "Golkonda Festival."
The city itself was founded in 1591 by Mir Qamar Ali Khan Qutb Shahi, who was also known as Golkonda Nizam. It is located on an island surrounded by three rivers: Musi River, Manjira River, and Kukkul River. This makes it very easy to get around!
BENEFITS OF GOLD LOAN IN hyderabad
There are many reasons why you should consider taking a gold loan.Here are 7 benefits of gold loan in hyderabad:
Gold Loan can be helpful to fund your child’s education.
It can be useful for expanding business or working capital requirements or to
Buy a home from gold loans
To improve agriculture by buying machineries for irrigation and other needs
To get a loan at competitive rates with no collateral requirements
These are also helpful for funding any emergency needs as getting a gold loan is a very easy process
For more details: Funding emergency needs with gold loans
Flexible usage: In contrast to other loans, there are no limits on how you use the money you borrow.
Less Paperwork: The paperwork required is minimal throughout the entire procedure, from loan application to disbursal. indiagold disburses loans in just 30 minutes* after the process has begun
FEATURES OF GOLD LOAN IN hyderabad
Lower interest rates:
As gold loans are secured loans, they are subject to lesser interest rates as compared to other types of loans
Loan-to-value (LTV):
The Reserve Bank of India has set a maximum LTV ratio of 75%. (RBI). For instance, if you guarantee one lakh rupees worth of gold, you can only receive up to 75,000 rupees as a gold loan. However, with rising gold prices, you can get a lot more amount for your gold these days.
Lower processing fees:
The processing fees of gold loans is very less. We at indiagold offer ZERO processing fees.
No foreclosure charges
In contrast to other loans, there are no foreclosure fees or prepayment penalties when paying off the loan amount before the loan term.
No credit score requirement
There is no requirement for credit scores because gold loans are secured by gold or gold jewellery. So these loans are sometimes the best option for borrowers with less-than-perfect credit.
No restrictions on the usage of money
There are no restrictions on where you are using the money obtained from the gold loan, unlike other loans.
Tenure of Gold loan
Gold loan tenures starts from 3 months and can go upto 5 years depending on the loan amount and the borrower's requirement. At indiagold, gold loans tenure is of 6 months. However, it can be renewed in a hassle free manner from the indiagold app, without any additional charges.
Safety of gold
The financial institution provides your gold with high security. They'll keep your gold in their vaults under proper guard. indiagold provides free, 100% insurance for your gold.
Gold Rate in hyderabad for Last 10 Days (10 gm)
| Date | 22K Gold | 24K Gold |
|---|
ELIGIBILITY FOR GOLD LOAN IN hyderabad
Age group:
If you are between the ages of 18 and 65, a salaried professional, self-employed person, business owner, entrepreneur, student, or senior citizen, you may be qualified for a gold loan.
Tenure of the loan:
The loan repayment period for gold loans typically ranges from 6 to 24 months, and you should be able to repay the loan within this period. At indiagold, we offer repayment terms of 6 months and extendable by another 6 months.
Purity of loan:
The kind of gold that banks accept must be mentioned when discussing eligibility for gold loans. Most banks only accept gold jewellery with a purity level of 18K to 22K.
Occupation:
Another crucial element in establishing someone's eligibility for a Gold Loan is their line of work. Professionals on salaries, self-employed people, business owners, entrepreneurs, students, elders, pensioners, and housewives can all apply for the loan.
Employment type:
Salaried and self-employed each are eligible. Businessmen are more and more taking gold loans to meet their working capital requirements. In fact, housewives, senior residents who are no longer eligible for different loans due to the fact they have no profits proofs can without problems avail of gold loans.
Track record of employment:
In order to approve you for a gold loan, banks no longer consider your work or business balance. Loans for gold are given out without showing a profit. To apply for this loan, you only need to provide your basic KYC documents, which include evidence of address, identification, and an Aadhaar card.
DOCUMENTS REQUIRED FOR A GOLD LOAN IN hyderabad
Identity Proof
Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License
Address Proof
Aadhaar Card, Voter ID, Passport, Driving License, Utility Bill (Phone/Gas/Electricity/Water/Broadband, etc.) / Lease Agreement of a local address that matches the address on your utility bill (in case your permanent address is different from your current residential address)
Form 60 or PAN Card
2 Passport size photographs
HOW TO APPLY FOR GOLD LOAN IN hyderabad
Getting a gold loan is a very simple process with indiagold
Step 1
Request For A Gold Loan
Apply now for a gold loan from indiagold below
APPLY ONLINE FOR GOLD LOAN
Gold Loan Starting @ 0.8% Per Month*
You will receive a call from our Relationship Manager
Step 2
Free gold assaying request
Your loan application will be processed by a loan manager who will assay your gold. It takes less than 30 minutes to complete the process.
Step 3
Instant Money Transfer in your Bank Account
Following the approval of your application, funds are immediately paid to your bank account. Your gold ornaments are packed and sealed in secure GPS-enabled packages right in front of your eyes.
Step 4
Gold Is Safely Stored in Secure Vaults
Your gold is stored safely in bank approved vaults. From the indiagold app, you can close your loan or pay your EMI. When you want to close the loan, raise a request from the indiagold app directly.
REPAYMENT OF GOLD LOAN IN hyderabad
Once you opt for a gold loan, you can pay back the principal and the interest in various different ways. Here are some of the gold loan repayment schemes available.
Bullet repayment:
When you take out a gold loan, you are not required to pay interest or the principal amount. Instead, you will pay both interest and principal at the end of your loan term. This is called bullet repayment because you pay the whole amount at once at the end of your loan term.
Partial repayments:
Partial payments are another way to pay back the gold loan. To suit your needs and preferences, you can make partial principal and interest payments. It is not necessary in this kind of gold repayment technique to adhere to the EMI system. With your lender, you may set up your gold loan repayment schedule online and make full or partial payments on the principal as well as interest. This is specially beneficial to business owners using gold loans for working capital requirements.
Pay off interest first:
Through this option, you can repay the interest amount as per the EMI schedule of the gold loan however the principal amount borrowed is to be paid, in full, at the time of maturity. Such an arrangement works wonders for most borrowers as throughout the loan tenure one is liable only to pay the interest and not worry about principal repayment.
Regular EMI’s:
The majority of gold loan applicants like recurring EMIs. The loan balance must be repaid by borrowers starting in the month after the month of disbursement. It is regarded as an appropriate choice for salaried individuals who have a monthly revenue flow. Both the principal and interest amounts are included in the EMI each month. Due to the monthly deductions from your account, the payback process for gold loans is quick and simple.
WHAT IS A GOLD LOAN?
A gold loan is an alternative to traditional forms of loans. First you need to know more about the fact that there are many different types of loans, but the most popular ones are traditional banking loans and mortgage loans. Nowadays, with the appearance of various other types of loans, such as personal unsecured loans and commercial real estate loans, one may wonder what is a gold loan and how it works?
Gold loans are longer-term and usually interest-free loans for small businesses. They're hard to come by, and we want to make this process easier and stress-free for you too.
The gold loan is a type of secured loan where the borrower pledges gold as collateral—including jewellery, ornaments, and coins from the bank—in exchange for a loan. Due to the fact that clients can give a gold pledge in exchange for a cash advance, it is often referred to as a gold loan.
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