If you are looking for fast, easy and secured loans then a gold loan is what can get you quick access to financing. So, if you have a pile of gold ornaments lying at home or in the bank locker and want to diversify them and need some funds immediately then opting for a gold loan can be an excellent option.
As you go to the mall or a restaurant in Bangalore, you can be sure that there will be a bank or NBFC (Non-Banking Finance Company) providing Gold Loan. The cost of living in Bangalore is very high and most people are not able to repay home loans and other expenses on time. For example, if you want to take a loan of 15 lakhs, then the bank charges a one-time fee along with monthly payment of bank interest. If you take gold loan in Bangalore, then you will have to pay only once fees and no more commitment to the bank. But then again, you are bound to give the collateral in form of gold ornaments which you purchase from your salary or business income. Once you have given the gold as collateral for loan, it commits your finances into it since those items become something that guarantees the return of money by lending business. It does not matter whether there is an excess amount in your account. Everything is initiated by invoking an interest rate for your loan and as long as it is paid on time every month, there should be no problem. You can check out here the gold loan company list in India.
Here Are Some Best Gold Loan Companies in Bangalore:
- Muthoot FinCorp Ltd. :It’s one of the leading NBFCs in India, registered with the Reserve Bank of India and a part of Muthoot Pappachan Group. To cater to the diverse financial needs of our customers, we have over 4200 branches across India with an average walk in of over 1,00,000 customers per day. India’s Largest and Most Trusted Financial Services Group Muthoot Pappachan Group is a diverse business conglomerate with subsidiaries in NBFC’s, IPOs & Stock Broking, Asset Management and BFSI. Headquartered at Thrissur, Kerala and spread over India, the Muthoot Pappachan Group has more than 5000 employees who are well-trained, customer focused and highly committed to excellence. The Group is a value driven organization with a commitment to be India’s most trusted financial services company.
- Fedbank Financial Services Limited :Fedbank Financial Services Limited delivers competitive interest rates on all gold loans – whether you’re looking for a loan for yourself, or to help a friend, family member or colleague out. With convenient hours that include weekends and a location in Bangalore, you can drop by Fedbank Financial Services Limited during your lunch break or after work to speak with a member of their professional staff about your quest for gold, and get a loan for any reason you may have.
- Fincare Small Finance Bank: If you are in the V V Puram area, and in need of a Small Finance Bank, head over to Fincare Small Finance Bank. As well as offering expert advice on Finance, they also allow you to Pay for your Purchase using any of the available modes of payment: Cash, Master Card, Visa Card, Debit Cards, Cheques, American Express Card, Credit Card. You can make your payment for the product or service using Paymate Online Transfer.
- HDFC Bank: HDFC Bank Gold Loan is a secured loan offered by HDFC Bank against your gold jewelry. Our easy and fast processing of gold loan application makes it the ideal loan to meet immediate financial needs. Flexible tenor, tailor-made interest rates and no service charges ensure that you use this loan economically as per your requirement.
- Kotak Mahindra Gold Loan: Authorizing a gold loan for you is as quick and easy as pie. All you have to do is submit your gold jewelry at any of the branches of Kotak Mahindra Bank. Along with that, you have to submit an application form along with the required documents which are KYC details, proof of identity, address proof, etc. The amount of loan which you can take will be calculated based on the value of the gold jewelley submitted by you as collateral security.
- ICICI Bank: With a myriad of benefits, ICICI Bank Gold Loan is a one-stop solution that you can use to avail gold loans (or jewel loans) for a multitude of personal and business needs. Borrow from as low as Rs 50,000 to as much as Rs 1 crore, depending on the extent of your requirements. Simple documentation procedures ensure that you get cash in your hands in a matter of days.