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. 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. There are many options if you want to get gold loan in Mumbai.

What is Gold Loan?

For gold loan in Mumbai, the borrower needs to pledge his/ her gold jewelry/ 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.

Mumbai Gold Loan Features
  • Loan against gold in Mumbai is sanctioned up to 80% of the market value of gold pledged with the bank.
  • 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.
Loanbaba Loan on Gold in Mumbai

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. At, you can know the best gold loan provider in Mumbai and gold loans interest rates in Mumbai.

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