Low Interest Gold Loans in Indiastarting @ 0.49%P.M. (5.88%* P.A.)

Get a New Gold Loan

IconInstant 30 minuntes

Shift your Existing Gold Loan

IconSave ₹37,131*

+91

We offer the highest per gram rate on our gold loans.

3,551*
lender banks
low interest gold loan

Get a New Gold Loan

IconInstant 30 minuntes

Shift your Existing Gold Loan

IconSave ₹37,131*

We offer the highest per gram rate on our gold loans.

3,551*
lender banks

Gold Loan in Coimbatore

The majestic city of Coimbatore, from the state of Tamilnadu, has witnessed the reign of powerful rulers like the Cheras, Cholas and Pandyas. Prior to independence, this was one of the cities which was highly desired by many groups like the British and the Mysore empire and this led to various battles and fights for control. In modern-day, the city prospers in manufacturing various materials like textiles, jewellery, electrical appliances, cotton and auto-components. Companies and individuals highly depend on gold loans in Coimbatore for their requirements. Another speciality of the city is their distinctive quality of wet grinders and cotton, both of which have received GI tags. The place is well recognised for its religious sites, museums and scenic beauty and also the region is spread with several academic and research institutes. The city primarily considers the growth of MSMEs, actively particpating in it. Maruthamalai Arulmigu Subramanya Swami Temple, DhyanaLinga, Singanallur Lake, Siruvani Waterfalls, Gass Forest Museum and Arulmigu Eachanari Vinayagar Temple are some of the celebrated tourist sites in the city.

Customer testimonial

Your Gold Loan is just a click away!

What is an online gold loan?

Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:

  • Low rate of interest
  • High-value loans
  • Minimal paperwork
  • Flexible repayment options
  • Instant loans etc.

Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.

Eligibility criteria for an online gold loan

As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-

1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.

2) You must be an independent major, that is of the age 18 or above

3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.

4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)

It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days.

Rupeek ad

Gold Loan Calculator

Loan Amount
Choose required Loan Amount
Gold Weight
Choose availableGold Weight
Required Loan Amount
5,00,000
<1L
2L
3L
5L
10L
20L
Interest Rate
0 %
Tenure
6 M
4M
6M
Loan Amount₹ 5,00,000
Tenure6 M
Interest Rateundefined %
editEdit

Monthly Interest Amount

NaN

Gold Required

140.8 gms

Total Interest

NaN

Frequently asked questions

Are banks or NBFCs better for availing gold loan

When it comes to taking a gold loan there are a plethora of options in the market and it is easy to get confused where to avail the best gold loan from. Firstly, there are both banks and Non-Banking Financial Companies or NBFCs providing gold loans in the country. Banks in general take a longer processing time of the loan for credit, CIBIL score verification, offer lower Loan-To-Value, and have a strict EMI model. Whereas, NBFCs offer higher LTV but along with its higher interest rates as well. Hence depending upon your short-term or long-term finances, weigh in your options and choose the perfect lender for yourself.

Is there a processing fee while applying for an online gold loan?

The components of a loan always vary from one lender to another. There is no standard method in which your gold is valued, the loan amount you are eligible to receive, the gold gram rate, and loan interest. As a rational borrower, you are required to conduct due research before availing an online gold loan because even minute factors like overhead charges can increase the cost of your loans. The processing fees for your gold loans can vary from one lender to another and range between 0.20% and 2% of the loan amount. The processing fee at Rupeek is at the lower end of the spectrum and is in fact, one of the lowest in the market.

How is the interest rate calculated for gold loans?

Narrowing down on the right lender after careful consideration is an integral part of availing a loan. As a rational borrower, you might have noticed that all the elements of a gold loan scheme such as loan term, loan interest rates, loan amount as well as repayment options differ from one lender to another. To ascertain the specifics of your loan, especially the interest rate you will have to directly contact the lender of your choice. Your lender will be able to guide you through all the various features and rates of the gold loans they disburse.

How do I close my loan on gold and release my jewels?

There are several ways to close your gold loan in cityname and get your collateral released. The lenders give the borrowers an option to close their loan account online. The entire loan closure summary along with the complete details associated with it – such as accrued interest, rebate amount (if applicable), and the closure amount for the gold loan in cityname will be displayed online. The loan manager will hand over the collateral asset once the loan account is closed by the borrower. Just as the other procedures associated with an online gold loan, the closure of the loan is also a hassle-free process.