Gold Loan in Mumbai

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Gold Loan in Mumbai can be taken by individuals who require funds for urgent expenses or finance any needs. There are many options of banks and NBFCs if you want to get Gold Loan in Mumbai. Mumbai, state capital of Maharashtra is also considered to be the entertainment and financial capital of India. It is the most populous city in the country. Many big financial institutions like Bombay Stock Exchange (BSE), Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), National Stock Exchange (NSE) have headquarters in the city.

Gold Loan in Mumbai Details Updated on 18th July 2018

Loan Amount

Rs. 50 Thousand - 50 Lakhs

Loan Tenure

6 Months to 2 Years

Interest Rate

10.50% - 13.50%

Similarly, many other reputed organizations like mutual fund houses, nationalized banks and insurance companies have their head offices in Mumbai. The city has a diverse population in terms of ethnicity, culture, and more. Mumbai also has Bollywood- Indian Hindi film industry. Many migrants come to this city every year from other states of the nation which makes it to be multi-cultured city. At Loanbaba.com, you can know the best gold loan provider in Mumbai and gold loans interest rates in Mumbai.

Get Gold Loan in Mumbai

For gold loan in Mumbai, the borrower needs to pledge his/ her gold jewellery/ ornaments/ coins with the bank or NBFC, which makes the loan secured. The company advances loan against gold to the borrower as per the market value of the gold. As compared to other loans, gold loan online is considered to be very easy, quick and convenient source of funds for fulfilling individual immediate financial needs.

Why Choose Gold Loan in Mumbai?

Banks and NBFCs in Mumbai 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 Mumbai

Below mentioned are Mumbai Gold Loan features.

  • Loan against gold in Mumbai is sanctioned up to 80% of the market value of gold pledged with the bank.
  • Some of the loan on gold to look for in Mumbai are: Kotak gold loan, HDFC gold loan, Axis gold loan, Muthoot gold loan, and gold loan Manappuram besides others.
  • The market value of gold is calculated on the basis of weight of gold pledged, its purity and rate per gram of gold as on application date.
  • As far as jewelry with other stones, metals and gems along with gold are concerned, only the value of gold is considered for the same.

Advantages of Taking Gold Loan in Mumbai

  • Interest rates are low
  • Disbursement of loan is quite fast
  • Gold pledged with the bank remains safe and insured
  • The processing of loan is easy and quick

Mumbai 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 Mumbai?

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.

Mumbai 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 Mumbai Loan against Gold

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 Mumbai 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 Mumbai on Loanbaba?

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

Gold Loan in Mumbai Review


Gold Loan
star star star star star 15.0/5
My Gold loan in Mumbai was passed at a great interest rate! I was able to secure the loan for a desirable tenure.
Mumbai July 15, 2018
Gold Loan
star star star star star 14.0/5
Gold loan in Mumbai involved online verification process and was done in time. I received the amount shortly.
Mumbai July 14, 2018
Gold Loan
star star star star star 13.0/5
The loan amount is what I am satisfied with it. The interest rate and the charges are average.
Mumbai July 13, 2018
Gold Loan
star star star star star 15.0/5
I had taken a Gold loan in Mumbai and thankfully the amount I required was completely approved and disbursed. Excellent work.
Mumbai July 13, 2018

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