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Hyderabad

Low Interest Gold Loans in India

Get a New Gold Loan
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Shift your Existing Gold Loan
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Low Interest Loans

Get a New Gold Loan
flash Instant 30 minuntes
Shift your Existing Gold Loan
save Save ₹37,131*

Gold secured by
Trusted Bank Partners

lender banks
max LTV

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

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

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Gold secured by
Trusted Bank Partners

lender banks

Gold Loan in Hyderabad

Hyderabad is a historic city known for its long line of rulers such as the Mughals, Qutb Shahi dynasty and Nizams. Post-independence, this city was named as the capital of Andhra Pradesh and later the same city was termed as capital for the new state, Telangana. After the discovery of diamonds in Golconda Fort, the city had a powerful history as an economic powerhouse in the world. Subsequently, it became a trade house for diamonds, making the former Nizam an affluent person across the world. The city is predominantly admired for its monuments, which are based out on Mughal culture and it is also renowned for its places of worship. This leads to achieving great amounts of revenue from the tourism sector. Other than this the city also receives benefits from the manufacturing and service sectors. The people mostly prefer taking gold loans in Hyderabad so that they can expand their business. The popular places of sightseeing includes Salar Jung Museum, Chowmahalla Palace, Charminar, Hussain Sagar and Birla Mandir.
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Eligibility criteria for an online gold loan

Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.

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:

  1. Low rate of interest
  2. High-value loans
  3. Minimal paperwork
  4. Flexible repayment options
  5. 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.

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Frequently Asked Questions

Can I transfer my loan from my existing lender?

Yes, at Rupeek you can transfer your loan from an existing lender to another. In case you want to process a balance transfer for an existing loan from your current gold loan company to Rupeek, all you will have to do is arrange for the renewal amount and we will help you with the rest. Additionally, when you transfer a loan with Rupeek, we send you a consolidated and personalized report detailing how much more you will save with the loan amount. A loan transfer with us also entails maximum security measures for your gold, and flexible repayment, such as the option to pay interest once in every 6 months Kindly visit our loan transfer page for more details

Can I avail EMI facility on gold loan?

Yes, you can avail EMI facility on gold loan in cityname. Equated Monthly Installment is the amount that you pay every month to your lender for the loan you have received against your gold. EMI includes both the principal amount and the compound interest. Most of the time while applying for a gold loan online you can use the online gold loan calculator and check the EMI applicable for your loan amount. EMIs are one of the best methods of repayment of the loan. The consistency, as well as the fixed amount in an EMI, makes sure that the borrower doesn’t have to dip into their savings during the course of their gold loan in cityname.

Is there any age limit to avail a gold loan?

Each lender follows a different age limit criteria for people that are applying for a gold loan in <cityname>. Some lenders require the borrower to be a minimum of 18 years while some others require the borrower to be 21 years of age. Some have a limit of 65 years while others have 75 years as the age limit. However, largely, if you are an Indian citizen, above the age of 18 and possess the required KYC documents and gold amount, you can avail a gold loan. The eligibility criteria for a gold loan is less compared to other sources of funds. As long as you are above 18 years of age, and the gold that you are providing as collateral is above 18 karat gold, you are eligible to get a gold loan. The gold that you pledge as collateral can only be in the form of ornaments or jewelry. 

Can I get an interest-free gold loan?

Rupeek strives to provide flexible, convenient, and affordable solutions for everyone. However, this does come with certain limitations. For instance, it is not possible to get a zero-interest gold loan in <cityname> as this is the main source of revenue for lenders. The interest paid by the borrower every month is the charge levied on the loan amount. However various gold loan companies compete in the market for the lowest interest rates. The interest rates are calculated based on various factors like loan amount, loan tenure, and most importantly the repayment capacity of the borrower which is decided depending on the debt-income ratio,

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