Which bank is best for gold loan 2021?

Low Interest Gold Loan Rates: Top 5 Banks

Currently, ICICI Bank and HDFC Bank offer the lowest gold loan interest rate of 9.00% for a tenure upto 12 months and hence, is one of the best banks for gold loan. The processing fee levied on a ICICI Bank gold loan is upto 1% of the loan amount.

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Also know, is manappuram safe?

Are the pledged gold ornaments safe and secure with Manappuram? Gold ornaments accepted as pledge by the customers are stored at the branches in strong safe / strong room built to the standards and specifications applicable to commercial banks. The pledged gold ornaments are insured for full value.

Additionally, what is meant by gold loan? Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold.

One may also ask, what is the full form of Iifl?

iifl.com. IIFL Holdings Limited (formerly India Infoline Limited) d/b/a IIFL and India Infoline, is an Indian diversified financial services company headquartered in Mumbai.

What is the rate of gold loan per gram in SBI?

As per the latest gold prices, SBI offers a gold loan per gram of ₹ 2,564 to ₹ 3,134. Highest SBI gold loan rate per gram today is ₹ 3,134 for 22 carat jewellery calculated at a maximum LTV of 75% and the average gold loan prices of last 30 days in 2021 is ₹ 4,642 of 22 carat.

What is the salary of Iifl?

IIFL Salaries

Job Title Salary
Relationship Manager salaries – 55 salaries reported ₹2,93,128/yr
Branch Manager salaries – 30 salaries reported ₹4,47,621/yr
Manager salaries – 14 salaries reported ₹11,65,311/yr
Intern salaries – 14 salaries reported ₹6,620/mo

Which bank gives highest gold loan per gram?

Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL

Bank / NBFC Rate Per Gram Interest Rate
ICICI Gold Loan ₹ 3,506 to ₹ 4,621 10.00%
Muthoot Finance Gold Loan ₹ 3,506 to ₹ 4,621 12.00%
Manappuram Gold Loan ₹ 3,506 to ₹ 4,621 12.25%
Canara Bank Gold Loan ₹ 3,506 to ₹ 4,621 10.25%

Which bank gives loan against gold?

U Microfinance bank limited offers individual loan facility for micro entrepreneur, agriculture/livestock businesses/ business venture to meet their business working capital needs, purchase of assets to enhance their business and income against collateral of gold bullion, gold ornaments, gold biscuits, jewelry etc.

Which is best for gold loan?

List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021

Gold Loan Providers Interest Rate Loan Amount
Muthoot Finance 12% p.a. onwards Rs 1,500 – No Limit
IIFL 9.24% p.a. onwards Rs.3,000 onwards
HDFC Bank 9.90% onwards Rs.25,000 onwards (Rs.10,000 for rural areas)
ICICI Bank 11% p.a. onwards Rs.10,000 to Rs.1 crore

Which is better Iifl or muthoot?

Lowest Interest rate of Muthoot Loan is 14.00%, which is lower than the lowest interest rate of IIFL at 21.00%. … IIFL offers Personal Loan upto an amount of ₹ 25 Lakh, while Muthoot offers Loan upto an amount of ₹ 15 Lakh. Therefore, IIFL can be a better option if you are looking for a high value amount.

Which loan interest is low in India?

Lowest Personal Loan Rates Comparison

Banks Interest Rate Processing Fees
ICICI Bank 10.25% Upto 2.25% of Loan Amount
Kotak Bank 10.25% Starting from Rs.999
HDFC Bank 10.25% Upto 2.50% Min ₹ 999
Axis Bank 10.49% Rs.4,999

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