Why Choose a Gold Loan?
- Instant Loan Disbursal: Get cash within minutes after gold verification.
- High Loan-to-Value (LTV) Ratio: Get up to 75% of your gold’s market value.
- Low Interest Rates: More affordable than personal loans or credit cards.
- No Income Proof Required: Only basic KYC documents are needed.
- Safe & Secure Gold Storage: Your gold is stored in insured vaults.
- Flexible Repayment: Choose a plan that suits your needs.
Today’s Gold Loan Rates in Tamil Nadu
- Gold Price (26th February 2025):
- 24 Karat Gold – ₹8,781 per gram
- 22 Karat Gold – ₹8,050 per gram
- Loan Rate per Gram: ₹5,300* (Approximate)
Best Banks & NBFCs Offering Gold Loans in Tamil Nadu
- Muthalagu Finance: Best interest rates & instant approval.
- Muthoot Finance: Quick processing & high loan amounts.
- Manappuram Finance: Digital gold loans with doorstep service.
- Tamilnad Mercantile Bank: Low interest rates & easy documentation.
- Tamil Nadu State Apex Co-Operative Bank: Government-backed loan schemes.
How to Apply for a Gold Loan?
- Check Gold Price: Visit Muthalagu Finance for the latest rates.
- Visit the Branch: Bring your gold jewellery & KYC documents.
- Gold Valuation: The lender will verify the purity and weight of your gold.
- Loan Disbursal: Get cash or bank transfer within minutes.
- Repayment & Gold Return: Repay the loan as per the agreed terms and get your gold back.
Gold Loan Repayment Options
- Bullet Payment: Pay only interest monthly & repay principal at the end.
- EMI-Based Repayment: Pay interest + principal in monthly installments.
- Overdraft Facility: Use only the amount needed & pay interest only on the utilized amount.
Who Can Apply for a Gold Loan?
- Farmers: To manage agricultural expenses.
- Business Owners: To fund working capital or expansion.
- Students: To cover tuition fees or educational needs.
- Individuals with Emergency Needs: For medical expenses, weddings, or urgent cash flow.
Conclusion: Get Instant Funds with a Gold Loan in Tamil Nadu
Gold loans provide quick, secure, and affordable financial assistance without selling your gold. With competitive loan rates (₹5,300/gm) and flexible repayment options, it’s the perfect time to leverage your gold’s value.
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