Gold Loan: Best Guide to Low Interest, Quick Approval & Easy Repayment

What is a Gold Loan?

A gold loan is a secured loan where you pledge your gold as collateral to get instant cash.

How Does a Gold Loan Work?

• Loan amount depends on gold purity & weight.
• Lenders hold gold as collateral until repayment.
• Loan disbursed instantly after verification.

Benefits of Taking a Gold Loan

• ✅ Fast approval – Loan in 5 minutes.
• ✅ Low interest rates – Cheaper than personal loans.
• ✅ No income proof or CIBIL score required.
• ✅ Flexible repayment – EMI & bullet payment options.
• ✅ Higher loan value – Up to 90% of gold value.

Gold Loan Interest Rates (Comparison Table)

Lender	Interest Rate (p.a.)	Processing Fee
SBI Gold Loan	7.5%	0.5%
HDFC Gold Loan	7.75%	1%
Muthoot Finance	9%	No Fee
Manappuram Gold Loan	9.5%	0.5%

Gold Loan Eligibility & Documents Required

• ✅ Age: 18-70 years
• ✅ Gold Purity: Minimum 18K & above
• ✅ Documents Needed:
  • Aadhaar Card / PAN Card
  • Address Proof (Voter ID, Passport)

How to Apply for a Gold Loan Online (Step-by-Step Guide)

1. Visit the lender's website.
2. Enter personal & gold details.
3. Submit documents for verification.
4. Gold valuation & loan approval.
5. Loan amount credited instantly!

Gold Loan Repayment Options

• ✔️ EMI-based repayment – Pay monthly.
• ✔️ Bullet repayment – Pay full amount at end of tenure.
• ✔️ Interest-only repayment – Pay interest first, principal later.

Gold Loan vs Personal Loan: Which is Better?

Feature	Gold Loan	Personal Loan
Interest Rate	Lower (7-12%)	Higher (10-24%)
Approval Time	Instant	Takes days
CIBIL Score Needed?	❌ No	✅ Yes
Loan Amount	Up to 90% of gold value	Based on income proof

FAQs: Google’s Most Searched Questions

• Which bank is best for a gold loan?
  ✔️ SBI, HDFC, Muthoot Finance & Manappuram.
• What is the gold loan interest rate today?
  ✔️ Starts from 7.5% per annum.
• What happens if I don't repay my gold loan?
  ✔️ Your gold may be auctioned after the due date.

Contact Us

• Call Us: 📱 9698118181
• Email Us: contact@muthalagufinance.in
• Visit Our Website: Muthalagufinance.in

Apply for the Best Gold Loan Today – Get Instant Cash!

Apply Now