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

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

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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.

lender banks

Gold Loan in Vellore

The city of Vellore, also known as the Vellore Fort stands tall on the banks of Tamil Nadu’s Palar river. Be it in the past or present, people envy the strategic location of the ancient city. It is well-connected to other southern states such as Karnataka and Kerala making it an accessible urban sprawl. The cultural and historic roots of the city will definitely leave one spellbound but the city has more to offer. Vellore also serves as a leading center for medical tourism since it is home to prestigious educational centers and healthcare facilities such as the Vellore Institute of Technology, Christian Medical College & Hospital, Government Vellore Medical College and Apollo Hospital among others. Vellore’s economic prosperity is strengthened through agriculture, weaving, matchstick rolling and the leather industries. The local residents’ dependency on gold loans is also a major contributor to its local economy. It is difficult not to fall in love with the Sripuram Golden Temple which is an important religious center not just in Tamil Nadu but also in the whole of the Indian subcontinent. Other eminent tourist sites include Vellore Fort, Jalakandeshwar Temple, Periyar Park, St John’s Church and Sri Murugan Temple.

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Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

  1. Identity Proof- Documents that serve as identity proof include but are not limited to:

    • Voter's ID
    • PAN Card
    • Aadhaar Card
    • Passport
    • Driving License
  2. Address Proof- Documents that serve as address proof include but are not limited to:

    • Aadhaar Card
    • Passport
    • Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to the documentation!

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 their popularity to their 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 a 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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Gold Loan Calculator

Loan Amount
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Gold Weight
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Interest Rate
0 %
6 M
Loan Amount₹ 5,00,000
Tenure6 M
Interest Rateundefined %

Monthly Interest Amount


Gold Required

140.9 gms

Total Interest


Frequently asked questions

Are all gold items accepted?

Gold loans are those loans that are availed by securing it against gold. These gold loans are very simple to avail and have several benefits, the most important of them all being the range of flexibility offered by lenders. When it comes to gold loans, most lenders accept gold in any form, as only the purity and quality of your gold matters. Rupeek currently only accepts jewelry and ornaments. Gold bars and coins are not accepted by lenders. Our lending partners only accept gold jewelry of 18 carats and above, which is subject to valuation reports for any loan on gold.

Is there a possibility of damage to the ornaments at the time of appraising?

We are very respectful of your gold and take all the necessary precautions during the appraisal of the same. While you might have your fair share of concerns as a borrower, Rupeek adheres to supreme safety standards and will handle your gold utmost care. And what's more, you can witness this in person! Your gold is evaluated right in front of your eyes in your home ground. Post evaluation, your gold will have a 100% insurance cover as long as it is in our possession.

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

You can close your gold loan in Vellore in one of several ways to finish complete repayment and have your collateral released. One of the options you can use is an option called 'close loan' online. In this method, the closure summary of your loan will be displayed in the app on your profile. The details enclosed are accrued interest, rebate amount(if applicable), the final payable amount for your gold loan. Your loan manager will hand over the gold jewelry or ornaments you had pledged as collateral once your loan account has been closed.

What can I do if my lender is charging high interest?

The terms of your loan will be discussed in detail and the lender will only proceed if both the borrower and the lender agree with the terms. However, if you feel like you have been taken for a ride, you always have the option of transferring your loan from your current lender to another lender. Most lenders offer the facility to transfer the gold loan transfer facility if you have a consistent history of repaying the loan amount. Certain lenders like Rupeek takes care of the entire transfer process in case you want to process a balance transfer for an existing loan from your current gold loan company to Rupeek. Check out our loan transfer page for more details.