Gold Loan in Chennai

Gold Loan in Chennai can be taken by individuals who require funds for urgent expenses or finance any needs. Chennai gold loan is catered by several banks and NBFCs in the city. State capital of Tamil Nadu, Chennai is the biggest industrial and commercial hub of the country. The climate is however very much uncomfortable as it has been declared to be the hottest among global cities by BBC. Chennai is the third largest city of the country. People go for personal loans against gold in Chennai to meet their emergency financial requirements.

The city is in the list of top ten cities to visit for year 2015. National Geographic has ranked Chennai as the world’s 2^nd best city for food. The city has been recognized by various such institutions for its geographical conditions, beauty, maintenance and culture.

Some of the loan against gold to look for in Chennai are: Kotak gold loan, HDFC gold loan, Axis gold loan, Muthoot gold loan, and gold loan Manappuram besides others. At Loanbaba.com, you can know the best gold loan provider in Chennai and gold loans interest rates in Chennai.

Get Gold Loan in Chennai

Gold Loan is an immediate loan which is advanced to the applicants against gold, gold jewellery/ ornaments, gold coins, etc. The borrower is free to repay the loan amount in either EMIs or in lump-sum. Major public and private sector financial institutions offer gold loan in Chennai.

Why Choose Gold Loan in Chennai?

Banks and NBFCs in Chennai have attractive offers on gold loan. They charge nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the financial institutions help several customers fulfil their financial needs with loan against gold.

Features of Gold Loan in Chennai

1. Fast processing: Loan against gold is secured by gold, which is easy to carry. This makes it fast to process this loan and disburse it to the customer’s account. Generally, the process is completed in a few hours.
2. Low rates of interest: As gold loan online is secured, the lender charges a lower rate of interest.
3. No Foreclosure charges: The lenders don’t charge foreclosure/ prepayment charges for paying the advance installments. Even if they do, charges are nominal/ low.
4. Credit score, no issue: The value and sanction of loan depends upon the value and quality of loan, there is no/ very less weight given to credit score. Hence, you may be sanctioned with gold loan if you have a bad credit score.
5. Safety of gold: The security of the gold pledged is of the lender. Hence you can rest assured about the safety of the gold.
6. Income is not an issue: You need not to render your income proof as the bank does not need to assess your repaying capacity.
7. Processing fees: Majority banks/ NBFCs generally don’t charge any processing fees.
8. Repayment: The repayment of the loan is easy as the borrower can opt for paying just the interest in installments regularly; however the principal can be paid in future (after loan tenure is over).

Chennai Gold Loan Interest Rates

Current the Gold Loan interest rate ranges between 9.70% and 26%. To get lowest interest rate on loan against gold in the city, keep a check on banks and NBFCs offers on our website.

How Do I Get a Gold Loan with the Lowest Interest Rate in Chennai?

Here are some of the ways you can get lowest interest rate gold loans for yourself.

• Compare interest rates and offers on our website to know the lowest gold loan rates.
• Maintain a clean record on repayments so that the financial institution readily offers you best interest rate on the loan.
• Strive to keep your CIBIL score above 600, which is considered as a good credit score for goldloan.
• Do not default on existing loans otherwise it will be difficult to get personal loan approval or lower rates.
• Take benefit of seasonal offers by banks and NBFCs, specifically those that offer slashed interest rates.
• Know if your employer has tie-up with banks for better rates.

Chennai Gold Loan Eligibility Calculator

Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost gold loan eligibility calculator at Loanbaba.com

Documents Required for Loan against Gold in Chennai

Most of the banks and NBFCs ask for just KYC documents viz. an identity proof (Aadhar, PAN, voter card, passport, etc) and an address proof (ration card, Aadhar, voter card, driving license, etc) for sanctioning the gold loan.

Why Apply for Gold Loan in Chennai on Loanbaba.com?

At Loanbaba, you can compare and apply for gold loans online. You can check out several gold loan schemes by banks and NBFCs and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. We also offer you free-of-cost gold loan EMI calculator to calculate the monthly instalment to be paid.

You can also quickly apply for Gold loan online on our website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

How to Apply for Gold loan Chennai on Loanbaba?

You can apply for loan against gold in Chennai or any other bank/NBFC gold loan at Loanbaba.com.