Rupeek Gold Loan


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 Rate0.74% per month (8.88% p.a.)
CollateralGold items with a purity of 18 carat or more
Gold Loan Repayment FacilityBullet Repayment, Interest Payment and Part-payment
LTV RatioUp to 75% of gold’s market value
Loan AmountRs 15,000 - Rs 1.5 crore
TenureUp to 1 year

Rupeek Gold Loan Interest Rates

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

Gold Loan Interest Rates Offered By Partner Banks & NBFCs

Bank/NBFC/FintechInterest Rate 
State Bank of India8.75% p.a. onwardsApply Now
Axis Bank17% - 19% p.a. onwardsApply Now
Punjab National Bank9.25% p.a. onwardsApply Now
Bank of India8.80% p.a. onwardsApply Now
IndusInd Bank8.80% p.a. onwardsApply Now
Bank of Baroda9.40% p.a. onwardsApply Now
Union Bank of India9.30% – 10.65% p.a.Apply Now
Canara Bank9.25% p.a. onwardsApply Now
HDFC Bank8.50% - 15.97% p.a.Apply Now
Federal Bank8.99% p.a. onwardsApply Now
ICICI Bank10% p.a. onwardsApply Now
Bajaj Finserv9.50% – 28% p.a.Apply Now
Manappuram Finance12% p.a. onwardsApply Now
Bank of Maharashtra9.30% p.a. onwardsApply Now
Kotak Mahindra Bank8% - 24% p.a. onwardsApply Now
Indian Bank0.77% per monthApply Now
IIFL Finance11.88% - 27% p.a.Apply Now
Rupeek8.88% p.a. onwardsApply Now
Muthoot Finance10.90% p.a. onwardsApply Now
Shriram Finance11.40% p.a. onwardsApply Now

Features of Rupeek Gold Loan

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.

Repayment Options

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

Eligibility Criteria for Availing Rupeek Gold Loan

To be eligible for Rupeek Gold Loan, applicants must meet the following criteria:

  • They should be Indian citizens.
  • Individuals should be at least 21 years old at the time of loan application and not more than 65 years old at the time of loan maturity.
  • Applicants should own gold items or ornaments of the recommended purity.

Also read: Best Gold Loan Eligibility

Documents Required for Availing Rupeek Gold Loan

To apply for Rupeek Gold Loan, applicants need to submit the following documents:

  • KYC Documents: Aadhar card, Voter ID, PAN card, passport, driving license, etc.
  • Address Proof: Voter ID, passport, Aadhaar card, utility bills, driving license, etc.

Also Read : Best Gold Loan Documents Required

Frequently Asked Questions

Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.

The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.

To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need

You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.

Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.

Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.