India’s love for gold is unparalleled. We love buying and gifting gold every time we get a chance to do so. For us Indian’s, this shiny metal is much more than a fashion statement. It sometimes even holds religious and traditional significance. Most of us do own different pieces of gold jewelry that we use quite rarely or that which is kept securely in a bank vault. On approaching a bank with your gold jewelry a valuation is carried out to determine its weight and purity. Certain banks also request for proof to ensure that the ornaments belong to you or your family members. The loan is sanctioned by the bank once the process of valuation is completed. A maximum LTV or Loan to Value ratio of 75% can be availed from a bank. Some of the best banks to apply for a gold loan are
- State Bank of India
- HDFC BANK
- ICICI BANK
- AXIS BANK
- PUNJAB NATIONAL BANK
Interest rates and processing fees of these banks can differ.
If you are interested to know about their processing fee, time period, rate of interest etc please check out our blog. The link to our blog is given in the description area below.
This blog is maintained by the Finaura team. Finaura is a solution that will help you find the best gold loan solution from gold loan company nearest to you. If you have any queries please feel free to contact us. Call us on +91 484 2388285 or email us at [email protected]