Gold Loan in Hyderabad
@ 0.77% 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
*Terms & Conditions apply
GETTING A GOLD LOAN IS A TEDIOUS AND TIME CONSUMING PROCESS, ISN'T IT?
Well it turns out that we at indiagold has a solution for your problem. Now you can get Gold loans at your doorstep.
0.77% RATE OF INTEREST PER MONTH
DOORSTEP 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 doorstep 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:
They can be used to fund the education of your child.
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. Gold loans are preferred for the same because of the low interest rates
To get a loan at competitive rates with no collateral requirements
To fund any urgent emergency needs
For more details: Funding emergency needs with gold loans
Flexible usage: There are no restrictions on how you are using your loan money, unlike other types of loans
Less Paperwork: The entire process from loan application to disbursement, hardly any paperwork is required. At indiagold we disburse your loans in just 30 mins* of the process
FEATURES OF GOLD LOAN IN hyderabad
Attractive interest rates:
As gold loans are secured loans, they tend to be more affordable than other types of loans because of the lower interest rates.
Loan-to-value (LTV):
The maximum LTV (loan to value ratio) for gold loans from the Reserve Bank of India is 75 percent, capped by RBI. For example, if you pledge gold worth Rs 1 Lakh (1 lakh = 1 lakhs = 10 million), you can get a maximum of Rs 75,000 as Gold Loan.
Lesser processing fees:
The processing fees of gold loans is very less. We at indiagold offer ZERO processing fees.
No foreclosure charges
There are no foreclosure charges or prepayment penalty on paying the loan amount before the loan tenure, as compared to other loans
No credit score requirement
Since gold loans are backed by gold or gold ornaments as collateral, there is no requirement for credit scores. Even though people with lesser credit scores can get these types of loans.
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 loans have a tenure of three months and can go up to five years, depending on the amount borrowed and your requirements. At IndiGold, we offer a 6-month loan term with no additional fees.
Safety of gold
The financial institution offers strong security of your gold. Your gold will be kept in their vaults with proper surveillance. indiagold offers 100% insurance on your gold, free of cost.
Gold Rate in Hyderabad for Last 10 Days (10 gm)
| Date | 22K Gold | 24K Gold |
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ELIGIBILITY FOR GOLD LOAN IN hyderabad
Age group:
You can be eligible for a Gold Loan if you are an individual of the age group of 18 to 65 years, and your occupation is salaried professional, self-employed individual, business owner, entrepreneur, student or senior citizen.
Tenure of the loan:
The term of repayment for gold loans is typically 6 to 24 months and you should be able to repay the loan within this period. At indiagold, the term is 6 months, which can be extended after 6 months..
Purity of loan:
While speaking of Gold Loan eligibility, it is essential to mention the type of gold accepted by banks. Most banks accept only gold jewellery and purity levels should be 18K-22K.
Occupation:
A person's occupation can be another important factor in determining eligibility for a Gold Loan. The loan is available to salaried professionals such as doctors, lawyers, accountants, and teachers; self-employed individuals; business owners; and entrepreneurs.
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:
Banks no longer require you to show proof of your job stability or enterprise balance when you apply for a gold loan. Gold loans are granted without proof of profit, and all you need to do is provide your basic KYC documents such as an address proof, identification proof 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 doorstep gold loan from indiagold below
Apply Now for online doorstep gold loan
Gold Loan Starting @ 0.77% Per Month*
You will receive a call from our Relationship Manager
Step 2
Get Doorstep Visit by Loan Manager
A loan manager will visit your house to process your loan application. The process is finished within 30 minutes.
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 safely removed by the loan manager and stored in safe vaults after the funds have been transferred into your account. Your gold is insured when it leaves your home and becomes our responsibility. You can pay off your loan or your EMI through the indiagold app
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:
Bullet repayment is a method in which the borrower is required to pay interest and principal amounts at the end of the term of the gold loan. During the loan tenure, you are neither required to pay the interest nor the principal amount. You will pay the entire amount when the loan term is completed. It is known as 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.
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:
Most gold loan borrowers prefer periodic EMIs. Borrowers are required to pay the loan amount from the month following the disbursement month. It is considered a suitable option for salaried people who have a monthly income flow. The monthly EMI includes both the principal amount and interest amount. It is a quick and easy repayment process of gold loans as it deducts from your account monthly. If you want easier payment, you may also automate the monthly repayments. As the loan term extends, the option of periodic EMI also assists in lowering the interest obligation. With time, loan foreclosure becomes less difficult.
WHAT IS A GOLD LOAN?
A gold loan is a type of secured loan that is an alternative to traditional forms of loans like banking loans and mortgages. The borrower pledges gold, such as jewelry, ornaments, or coins, as collateral for the loan. These loans are typically longer-term and interest-free, and are often used by small businesses. It is referred to as a gold loan as the borrower is essentially taking a loan against their gold. Obtaining a gold loan can be difficult, but the goal is to make the process easier and less stressful for the borrower.