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Kanchipuram

Low Interest Gold Loans in India

Get a New 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.

Today’s max loan value/gm (): *

Today’s max loan value/gm: ()
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Gold secured by
Trusted Bank Partners

lender banks

Gold Loan in Kanchipuram

Kanchipuram is a city in Tamil Nadu, that is at a distance of 72kms from Chennai. It is dotted with remnants from the rich history of India. For that reason, and because the city is also home to numerous temples of all state and structure, it is known as the temple city. According to the Vaishnavism Hindu theology, it is also an important pilgrimage centre. Kailasanathar Temple, Ekambareswarar Temple, Kumarakottam Temple, Vaikuntha Perumal Temple, and Kamakshi Amman Temple are among the most prominent temples in the city. In the olden times, the city had been a religious education hub for Hindus, Jains, and Buddhists. The city is also home to more than fifty schools, two universities, two medical colleges, six engineering colleges, and six general degree colleges, and a rail construction center. People prefer gold loans in Kanchipuram to meet their short-term fund requirements.
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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?

An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.

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Frequently Asked Questions

How do I know if the executive is authentic while applying for an online gold loan?

Once your loan request has been placed for an online gold loan, a Rupeek executive will arrive at your doorstep to value your gold. It is very important to be vigilant about the identity of a person before you trust them and let them into your house. Which is why Rupeek has an executive verification process in place- The in-app verification. Once the executive has reached your location an OTP will be sent to your number which the executive will then have to enter on his app to verify the match. Additionally, you can also ask to see the executive's ID card, issued to him/her by Rupeek. The executive will also display a government ID proof if asked.

How is the market value of gold determined?

Gold is a precious commodity, used commonly for trade internationally. Investing in gold has several benefits as opposed to a cash investment. The fact that the price of gold has never dipped below zero in its 3000-year history only strengthens the position of gold in the market. Several determinants influence loan interest rates. It could be the supply of gold in comparison to its demand both locally as well as globally, inflationary rates, the gold reserves present in the possession of the government, ongoing import and interest rates, taxes and levies. To know the gold loan rate in real-time, you can check out our gold loan calculator.

Is there any maximum and minimum limit for availing gold loan?

The minimum amount to avail a gold loan with Rupeek is Rs. 15,000, and the maximum loan amount that can be sanctioned is Rs. 1.5 Crores. Gold loans are the perfect source of funds for you if you are looking for high-value loans with low interest rates, as long as you have the collateral. The amount of loan amount that you are eligible for depends on the value of the gold you have pledged with the lender. When you take a gold loan, you can get funds equivalent to 75% of the market value of the pledged gold. It can also go up to 90% in some cases.

What are the things to keep in mind when taking a gold loan?

When taking a gold loan, a borrower should consider the following points before choosing a lender - 

  1. Loan-to-Value (LTV): The loan amount being sanctioned for the gold can vary between lenders. A borrower should ensure they are receiving the highest LTV amount for their gold.
  2. Interest rate: This rate determines how much a borrower will pay for the loan, so the lower this is, the better.
  3. Gold security: Without an insurance cover or secure transport of the collateral, there may be certain risks to consider which can result in major losses.
  4. Additional fees and charges: These can increase a loan amount immensely, so it’s important to look out for a lender that charges the minimum amount for services being provided.
  5. Repayment schemes: A borrower needs to be able to repay the loan amount based on their monthly budget and financial standing to avoid defaults. Borrowers should look for flexible repayment plans to ensure this is made possible.

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