Apply for Gold Loan in Bangalore at Lower Interest Rate

Gold Loan in Bangalore

Gold loans are beneficial when you need urgent funds during any financial emergency. Applying for a gold loan in Bangalore is the easiest way to access instant funds. Keep your gold assets as collateral and receive a loan against them by walking into your nearest Muthoot FinCorp branch in Bangalore.

Borrowers can receive a loan up to 75% of the total gold items’ value at Muthoot FinCorp, one of the mist trusted gold loan companies in Bangalore. You can quickly repay your loan through easy EMIs and get your gold assets released once your loan is cleared. Muthoot FinCorp offers the best gold loan interest rates in Bangalore with flexible repayment tenures for your comfort. Borrowers have the choice to select the most suitable gold loan scheme and repayment tenure by checking their interest rates, eligibility terms and permissible loan value.

Gold Loan Interest Rate in Bangalore

Borrowers can avail the best Gold loan interest rates in Bangalore at Muthoot FinCorp. The interest rates vary according to the loan amount, loan repayment tenure and interest rates. Their gold loan schemes include the Muthoot Easy Blue, Easy Plus, Easy Max, and Easy Pro. The interest rates of gold loan schemes in Bengaluru vary from 11.99% to 20% per annum. The maximum amount that one can borrow also ranges from below Rs. 10,000 to 50 lakhs. Additionally, Muthoot FinCorp charges a nominal loan processing fee that makes it more affordable without adding to the total cost to the borrower.

Our Presence in Bangalore:

Bengaluru or Bangalore is also known as the Silicon Valley of India due to its speedy growth as a premier technological hub. Bangalore offers a blend of culture and modernity to its residents with vast opportunities for everyone. To offer accessible loan against gold in Bangalore, Muthoot Fincorp has opened two branches in Hesaraghatta Main Road and Madanayakahalli with full range of services.

Benefits and Features of Applying Gold Loan in Bangalore

Muthoot FinCorp makes taking a loan against gold in Bangalore easy. Apply for a gold loan to avail the following benefits:

• Easy application process- Muthoot FinCorp offers an easy and hassle-free loan application, with a fast loan approval process.
• Minimum documentation: Borrowers need not undergo the hassle of gathering and submitting heavy documentation.
• Varying interest rates: Muthoot FinCorp offers varying loan interest rates to its borrowers, thus, borrowers can choose a specific interest rate on their loan. The interest rates also depend on the loan amount and repayment tenure.
• Flexible loan repayment tenures: Borrowers enjoy a flexible loan repayment tenure as per their comfort of repayment.
• Highly secured: Borrowers need not worry about the safety of their gold assets. Their valuables are secured in safe vaults, under 24×7 surveillance.

Documents and Eligibility Criteria for Availing Gold Loan in Bangalore

To get a gold loan in Bengaluru, the applicant must meet the following eligibility conditions:

• Borrowers should be between the age of 18-65 years.
• Borrowers can avail of a loan of a maximum of 50 lakhs.
• The gold purity must be between 18-24 karats.
• The LTV ratio is 75% of the current value of the gold items.

The following are the documents required–

• Identity proof: Aadhaar card, Voter’s ID card, PAN card, or driving license.
• Address proof: Aadhaar card, Voter’s ID card, rent agreements, or electricity bills.

Know the Procedure to Apply for Gold Loan

The process of getting a loan against gold in Bangalore is extremely hassle-free. Follow the steps below for a smooth loan experience:

• Visit the gold loan page at Muthoot FinCorp’s website to take a look at the eligibility criteria, interest rates, and loan repayment tenures and calculate your eligibility.
• Once the preferred gold loan scheme is selected, walk into your nearest Muthoot FinCorp branch.
• Fill out an application Hand over your gold items to a representative for testing and evaluation.
• Once the gold is evaluated, Muthoot FinCorp will make a loan offer based on the value of the gold. If the loan’s amount, terms and conditions are suitable for you, proceed with the process and carry home funds instantly.
• Muthoot FinCorp guarantees an easy loan application process with instant fund transfers.

Best Gold Loan Lenders in Bangalore City

Muthoot Fincorp is one of the most preferred gold loan lenders in Bangalore because of its quick service, best gold loan interest rates and range of gold loan schemes. This financial institution also offers flexible loan repayment tenures and a minimal processing charge to borrowers for a stress-free loan experience.