Low Interest Gold Loan Rates: Top 5 Banks
| Banks | Interest Rate | Tenure |
|---|---|---|
| ICICI Bank | 9.00% | 6 months to 12 months |
| HDFC Bank | 9.00% | 3 months to 24 months |
| Yes Bank | 9.99% | 6 months to 36 months |
| IndusInd Bank | 10.00% | 3 months to 24 months |
Herein, is SBI good for gold loan?
SBI Bank Gold Loan is most popular for agriculture loan on gold as it offers the lowest interest rate on agricultural gold loan starting at 7.50%. Gold Loan interest rate in State Bank of India for regular borrowers is higher than the rate offered by the bank on loans for agricultural purposes.
Moreover, what is meant by gold loan?
Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold.
What is the salary of Iifl?
IIFL Salaries
| Job Title | Salary |
|---|---|
| Manager salaries – 14 salaries reported | ₹11,70,043/yr |
| Intern salaries – 14 salaries reported | ₹6,647/mo |
| Sales Manager salaries – 14 salaries reported | ₹6,49,501/yr |
| Assistant Manager salaries – 12 salaries reported | ₹33,353/mo |
Which bank gives highest gold loan per gram?
Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL
| Bank / NBFC | Rate Per Gram | Interest Rate |
|---|---|---|
| ICICI Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00% |
| Muthoot Finance Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% |
| Manappuram Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.25% |
| Canara Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% |
Which bank is best for gold loan 2021?
List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021
| Gold Loan Providers | Interest Rate | Fee |
|---|---|---|
| HDFC Bank | 9.90% onwards | 1.5% + GST |
| ICICI Bank | 11% p.a. onwards | 1% of the loan amount |
| Canara Bank | 7.65% p.a. onwards | 0.25% of the loan amount |
| Axis Bank | 12.50% p.a. onwards | 1% plus GST |
Which bank is best for gold loan?
Gold Loan Interest Rates Comparison
| Name of the Bank | Interest Rate | Loan Amount |
|---|---|---|
| Canara Bank Gold Loan | 7.35% p.a. | Rs.5,000 to Rs.35 lakh |
| Muthoot Gold Loan | 12% p.a. to 26% p.a. | Rs.1,500 onwards |
| SBI Gold Loan | 7.00% p.a. onwards | Rs.20,000 to Rs.50 lakh |
| Kotak Mahindra Gold Loan | 10.00% p.a. – 17.00% p.a. | Rs.20,000 to Rs.1.5 crore |
Which is better Iifl or muthoot?
IIFL employees rated their Overall Rating 0.3 higher than Muthoot Finance employees rated theirs. IIFL employees rated their Career Opportunities 0.6 higher than Muthoot Finance employees rated theirs. IIFL employees rated their Compensation & Benefits 0.6 higher than Muthoot Finance employees rated theirs.