by Devina    Published on December 20th, 2012  

Top 5 Best Gold loan Companies in India

Gold loan

Gold loan is preferred to as debt financing whereby a gold businessman purchases gold from lending company and sell it in the open market and get it for mine creation and afterwards then he pay back the gold from mine production. Gold loan gives ready cash for those who are in want of money for fulfilling basic financial necessities. Certain benifits are associated with gold loans basically low interest rate, no sort of income certificate required, comfortable. Certain important Gold loans available in India are as follows:

 Muthoot Finance Gold Loan

Muthoot is a Kerala originated association set up by  Muthoot Ninan Mathai in 1887 at Kozhencherry in Travancore district which was later being adopted by M George Muthoot. Loan is received within a time period of 5 min. It ranges from Rs 1500 to 1 crore. 0%processing fees. Interest rate of 1%per month.

Mannapuram Finance Gold Loan

Mannapuram Finance also facilitates gold loan within 5 minutes. It help to draw instant Cash by subscribing  gold ornaments and Jewellery. It provides loan at higher points, based on purity, net weight of gold. The candidate must have one recent ID—Voter ID/ Ration Card/ Driving License/ Passport. No time-consuming formalities involved.

Union Gold Loan

Union gold loan provides credit facility to needy farmers. The lending rate is Rs 1800 per gram gold ornaments. Based priority sector like agricultural purposes.  Under non priority sector for basic necessities for unforseen expenses. Loan amount consumption purposes is upto Rs.2000/-. The Non-Priority Sector loan amount is max.Rs.5 lacs.

HDFC Gold loan

HDFC gold loan term loan provides instant loans . Regular interest on loan is being granted. Identity Proof  like Passport Copy/ Voters ID card/ Driving License along with proof like Ration card/ Telephone Bill/ Electricity Bill/ Rental Agreement/ Passport copy/Trade license /Shop & Est License / Sales Tax certificate, 2 pass port size photographs.

 SBI Gold loan

SBI gold loan is loan which satisfies as a biggest advantage to overcome crisis and is a personal loan phenomena. It has low interest rate. The loan amount of Rs 10 lakh is attained by the customer. It also provides gold loan for farmers for agricultural necessities. The main documents required for applying gold loans are

  • Letter of witness in case of illiterate borrowers.
  • Two passport size photographs of the borrower.
  • DP Note delivery.
  • All the gold ornaments that are to be kept as mortgage for the loan.
  • Gold Loan application.

 

16 thoughts on “Top 5 Best Gold loan Companies in India

  1. Ramneek
    February 15, 2013 at 7:28 am

    I think SBI is good for Gold loan ..

  2. Anonymous
    April 12, 2013 at 10:14 am

    All Gold loan Companies in India are growing now.

  3. ABHISHEK
    May 30, 2013 at 11:08 am

    Muthoot Finance is the best of (India) gold loan purpose and fix deposit because all over India highest interest pay the this company 10% to 12%

  4. sushovan das
    June 6, 2013 at 12:56 am

    At present Magma Fincorp is very good for Gold Loan

    1. srinivas
      July 2, 2013 at 10:41 am

      Dear friend IIFL(Indian Info line ) is best because terms & condition & low interest rate.over all is good.

  5. PRASHANT SHRIVASTAVA
    September 24, 2013 at 9:43 am

    Dear Friend, I experienced Muthoot Fincorp is one of the BEST among the Gold Loan Companies.
    Try it next time.

  6. Abhishek
    October 4, 2013 at 3:50 am

    I think Kosamattam Finance is providing a great deal. Excellent customer service and fast processing, no charges and it was a good experience.

  7. JAYBRATA BANERJEE
    October 25, 2013 at 3:31 pm

    Dear All,

    Muthoot Finance provides gold loan from @15% p.a. currently…

  8. Himanshu Gupta
    December 6, 2013 at 11:43 am

    I checked today with Muthoot Finance and they have different slabs of interest

    1920 per gram — 1.83% per month
    1720 per gram — 1.67% per month
    1520 per gram — 1.42% per month

  9. R Upendra
    December 11, 2013 at 6:31 am

    Dear Friends I went to today Muthoottu Mini Gold Loans

    1920 per gram – 1.83% per month (Daily Interest calculated)
    1800 per gram – 1.66% per month (Daily Interest Calculated)
    1600 per gram – 1.50% per month (Daily Interest Calculated)

    Very good Service in this Company and No any charges

    U should Try it Once

  10. Ravinder
    January 18, 2014 at 6:46 am

    goldsouk is the best company in gold loan …
    per grame rate is higher

  11. ravikumar
    January 21, 2014 at 8:49 am

    HDFC is better for gold loan compare to others.

  12. SAMIR KUMAR BHATTACHARYA
    July 5, 2014 at 7:07 am

    kindly send one application of gold loan as because I am so much interest to take such loan but at present my brach manager not process .

  13. soma
    July 16, 2014 at 6:07 am

    Dear friends..

    Achievers quick goldloan interest rate is very low … 12% pa
    pls chech their schemes

  14. Anonymous
    July 30, 2014 at 7:36 am

    manappuram iz the best

  15. Kotresh I
    August 4, 2014 at 9:27 am

    Dear friends IIFL(Indian Info line ) is best because terms & condition & low interest rate.over all is good.

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