Rates of interest on gold loans: A gold Loan could be a great option for you in a time of financial need. If you’re thinking about getting a gold loan, you can find information about the offers banks are making here. The majority of people prefer to invest in gold. It can also be used by people in difficult situations.
The gold loan is an excellent modern loan option. The acceptance of these loans is quicker. Find out which bank offers loans with the lowest rates of interest.
Banks that provide low-interest gold loans:
A gold loan is approved fairly quickly in comparison to other loans. Five financial institutions provide gold loans at low interest rates. If you need money and want to get a loan, a gold loan might be a good choice for you.
1.Gold loans are available to Federal Bank (Indian) customers at a variable interest rate of 7%.The handling charge is 0.56 percent of the authorized cap.
The interest rates on gold loans offered by the Central Bank of India range from 7.10 percent to 7.20 percent. You will be required to pay 0.75 percent of the loan amount as a processing fee.
3.Gold loans are available from the public Union Bank of India at interest rates ranging from 7.25 percent to 7.50 percent.
4.Gold loans are available at interest rates ranging from 7.40 percent to 7.90 percent at the public UCO Bank. The processing fee ranges from 250 to 5,000 rupees.
5.Gold loans are available at rates ranging from 7.60 percent to 16.81 percent from the private HDFC Bank. You will be required to pay 1% of the disbursement amount as a processing fee.
