Rupeek Fintech Private Ltd provides gold loans at interest rates starting from 0.74% per month, equivalent to 8.88% per annum, for loan amounts up to Rs 1.5 crore and tenure up to 1 year. The lender accepts gold jewellery of 18 carats and above as collateral for the loan. Rupeek claims to disburse the gold loan instantly within 30 minutes of document verification.
| Rupeek Gold Loan Highlights | |
|---|---|
| Interest Rate | 0.74% per month (8.88% p.a.) |
| Collateral | Gold items with a purity of 18 carat or more |
| Gold Loan Repayment Facility | Bullet Repayment, Interest Payment and Part-payment |
| LTV Ratio | Up to 75% of gold’s market value |
| Loan Amount | Rs 15,000 - Rs 1.5 crore |
| Tenure | Up to 1 year |
Rupeek Gold Loan interest rates start from 0.74% per month (8.88% p.a.) onwards. The lender maintains a consistent interest rate structure across different loan tenures, loan amounts, and applicant profiles.
Also read: Best Gold Loan Interest Rate
| Bank/NBFC/Fintech | Interest Rate | |
|---|---|---|
| State Bank of India | 8.75% p.a. onwards | Apply Now |
| Axis Bank | 17% - 19% p.a. onwards | Apply Now |
| Punjab National Bank | 9.25% p.a. onwards | Apply Now |
| Bank of India | 8.80% p.a. onwards | Apply Now |
| IndusInd Bank | 8.80% p.a. onwards | Apply Now |
| Bank of Baroda | 9.40% p.a. onwards | Apply Now |
| Union Bank of India | 9.30% – 10.65% p.a. | Apply Now |
| Canara Bank | 9.25% p.a. onwards | Apply Now |
| HDFC Bank | 8.50% - 15.97% p.a. | Apply Now |
| Federal Bank | 8.99% p.a. onwards | Apply Now |
| ICICI Bank | 10% p.a. onwards | Apply Now |
| Bajaj Finserv | 9.50% – 28% p.a. | Apply Now |
| Manappuram Finance | 12% p.a. onwards | Apply Now |
| Bank of Maharashtra | 9.30% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8% - 24% p.a. onwards | Apply Now |
| Indian Bank | 0.77% per month | Apply Now |
| IIFL Finance | 11.88% - 27% p.a. | Apply Now |
| Rupeek | 8.88% p.a. onwards | Apply Now |
| Muthoot Finance | 10.90% p.a. onwards | Apply Now |
| Shriram Finance | 11.40% p.a. onwards | Apply Now |
Purpose
Rupeek offers gold loans against gold jewellery that is 18 carats and above. These loans can be used for various financial needs, except for speculation.
Loan Amount
Rupeek provides a minimum loan amount of Rs 15,000 and a maximum loan amount of Rs 1.5 crore to its applicants, capped at up to 75% of the gold's market value.
Tenure
Applicants have the flexibility to repay their loans within a period of 1 year from the date of loan disbursement.
Monthly Interest Payment
In this repayment scheme, borrowers are required to pay the interest component of their EMIs every month. The principal amount can be repaid at the end of the loan tenure.
Bullet Repayment
In the Bullet Repayment method, both the interest and principal amounts are repaid at the end of the loan tenure.
Part-payment
Under this option, borrowers can make repayments in regular Equated Monthly Installments (EMIs). Additionally, borrowers have the flexibility to make part-prepayments, which will be deducted from the outstanding principal, thereby reducing the interest cost.
Also read: Best Gold Loan EMI Calculator
To be eligible for Rupeek Gold Loan, applicants must meet the following criteria:
Also read: Best Gold Loan Eligibility
To apply for Rupeek Gold Loan, applicants need to submit the following documents:
Also Read : Best Gold Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.