Check the Current Gold Loan Interest Rates on Bajaj Markets
✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation
Prior to applying for any type of loan, it is crucial to check the interest rate charged on these. Gold Loans fall under the secured category and thus help you enjoy lower interest rates, compared to other unsecured loans. The lender decides the interest rate charged based on factors like the quantity, purity, and weight of the gold you look to submit as collateral. It also takes the current value of gold and the prevalent inflation rate into consideration. On Bajaj Markets, you can get a gold loan at interest rates starting as low as 8.88% p.a.
Partner Interest Rate Table
|
Our Partners
|
Interest Rate
|
Minimum Loan Amount
|
Repayment Tenure
|
|
|---|---|---|---|---|
Bajaj Finserv |
9.50% p.a. onwards |
₹5,000 |
Up to 12 Months |
|
IIFL |
11.88% p.a. onwards |
₹3,000 |
24 Months |
|
indiagold |
9.24% p.a. onwards |
₹ 20,000 |
61 Days - 12 Months |
|
Muthoot Finance |
9.96% p.a onwards |
₹1,500 |
7 Days - 36 Months |
|
Muthoot FinCorp ONE |
9.96% p.a onwards |
₹1,550 |
3 Months - 12 Months |
|
Rupeek |
8.88% p.a. onwards |
₹25,000 |
3 Months - 12 Months |
|
FAQs
Does my credit score influence the interest rate on my gold loan?
Yes. A high credit score puts you in a better position to negotiate for a favourable gold loan interest rate and opt for a higher loan amount.
What are the other fees involved in getting a gold loan?
You may have to pay applicable gold loan charges like stamp duty, processing fees, cash handling charges, and auction charges when applying. These charges may vary based on the lender.
