Rupeek Gold Loan Interest Rate Starting from 8.88% p.a.

Rupeek Gold Loan Interest Rate

Rupeek gold loan is one of the frontrunners when it comes to availing a gold loan. Starting from 8.88% - 20.28% p.a. Rupeek gold loan interest rate has numerous benefits apart from being one of the lowest gold loan interest rates currently available in the market. You can get a Rupeek gold loan in under 30 minutes from your doorstep.

Features of Rupeek Gold Loan

Following are the main features of Rupeek gold loan-

You can do your gold loan repayments online without any hassle.
You can do part release and full release of your gold ornaments from the comfort of your house.
You can get the maximum possible loan amount for your gold that you pledge with Rupeek.
No pre-closure charges.

Compare Interest Rate of Top Banks from Rupeek

Bank	Rate of Interest (p.a.)	Loan Amount	Processing Fee	Tenure
Rupeek Gold Loan	8.88% - 20.28% p.a.	Up to 20 Lakhs	NA	Upto 12 months
Union Bank Gold Loan	8.25% - 10.15% p.a.	No upper limit	Rs 100 to Rs 1000	12 months
UCO Bank Gold Loan	7.40% - 7.90% p.a.	No upper limit	Up to 0.20%	Decided by the bank
PNB Gold Loan	8.65% p.a.	Rs. 25 000 to Rs. 25 Lakhs	0.30% or Rs. 500 + GST, whichever is higher	Up to 12 months
Bank of Baroda Gold Loan	9.20% - 9.30%	Up to Rs. 25 Lakhs	Up to 0.50% + GST	1 year - 3 years
Canara Bank Gold Loan	13% onwards	Rs. 5,000 - Rs. 35 Lakhs	1%	6 months - 1 year
HDFC Bank Gold Loan	7.60% - 16.81%	Rs. 25,000 onwards (Rs. 10,000 onwards in rural markets)	1%	3 months - 2 years
SBI Gold Loan	8%	Rs. 20,000 - Rs. 50 Lakhs	Nil till 31.01.2023	Up to 3 years
Indian Bank Gold Loan	8.25% onwards	No upper limit	0.50%	Up to 35 months
ICICI Bank Gold Loan	10% - 17.95%	Rs. 50,000 - Rs. 1 Crore	1%	6 months - 1 year
Kotak Mahindra Bank Gold Loan	8% - 17%	Rs. 20,000 - Rs. 1.5 Crores	Up to 2% + GST	Up to 4 years
Axis Bank Gold Loan	17% - 19%	Rs. 25,001 - Rs. 25 Lakhs	Up to 0.50%	6 months - 3 years

Types of Gold Loan in Rupeek

There are primarily 2 types of Rupeek gold loans - Regular Rebate( non-fixed interest) and No Tension(fixed interest).

Regular Rebate Rupeek Gold Loan

Features	Regular Rebate (non-fixed interest rate)
Interest Rate	Starts from 8.88% - 20.28% p.a.
Sub-schemes	1. High Value (0.71% onwards) 2. Max Value (1.19% onwards) 3. Max Value+ (1.19% onwards)
Repayment Schedule	Monthly (Rebate available for timely payments)
Loan Tenure	12 months
Best suited for	Customers with regular income who wish to avail interest rebates by making monthly repayment in full and on time

No Tension Rupeek Gold Loan

Features	No Tension (fixed interest rate)
Interest Rate	8.88% - 20.28% p.a.
Sub-schemes	Max value (1.39% onwards)
Repayment Schedule	Anytime payment accepted within 6 months
Loan Tenure	12 months
Best suited for	Customers with irregular cash flow who want to avoid the stress of regular repayment

Gold Loan Per Gram Rate in Rupeek

The gold loan per gram rate in Rupeek is Rs 5402 as seen in July 2023. The gold loan per gram rate changes daily as per market value of one gram gold. This is referred to as LTV or Loan-to Value ratio. For example, if the LTV is 75% and the value of the pledged gold is worth Rs. 1 lakh, a borrower will get a loan of Rs. 75,000.

Rupeek Gold Loan Calculator

To know about the Rupeek gold loan calculator it is important to understand what things are needed to calculate details for your gold loan. The first and foremost important thing is the purity of your gold, if you know how many Carat is your gold then its okay but if you don’t know then you will definitely be required to get your gold valued. You can do so either at the Rupeek facilities or you can walk into any good jewellery store to know the same. Once you have the value of gold with you then it will be very easy to assess and get an idea about the amount that you can get as a gold loan. Normally banks and institutions give gold loans which is around 70-80% of the gold’s current value on that day. In case of Rupeek also, this is the process that will be followed.

TheMoneyShow with Mr Raj Khosla: RBI’s Supervision of Coop Banks & Gold Loans After Price Rally

Mubina Kapasi of ET Now welcomes Mr Raj Khosla, Founder & Managing Director, MyMone...

27 Jul 2023 // 4 min read

Rupeek Gold Loan Interest Rate FAQs

Is Rupeek RBI registered?

Yes, Rupeek is RBI registered.

What are the things to keep in mind when taking a gold loan?

Before taking a gold loan, you need to pay attention to below points -

From where you can borrow

You can avail a gold loan from banks or NBFCs. The terms and conditions vary from one lender to another. Currently, only banks have been permitted an LTV of 90%, while NBFCs can still only lend up to 75%.

Loan amount

Besides the LTV ratio, your loan amount depends on the purity and valuation of your gold. This simply means that higher the purity of gold, higher the loan amount. So you will be given a loan if the purity of gold is 18 Karat or higher.
Do note that gems and stones are not accounted for in the valuation of your gold. You can get a gold loan only if your gold bars, coins and bullion are within 50 grams. For instance, if your gold is worth Rs 1 lakh, you will get a loan of up to Rs 90,000.

Loan tenure

Gold loan is given for a short duration, which usually ranges from a year to 36 months.

Interest rate

The interest rates for gold loans vary from lender to lender. They are slightly lower than personal loans and range between 9-29%.

Repayment terms and foreclosure charges

The repayment terms are different for different banks. While some lenders allow you to opt for the equated monthly installment (EMI) like a regular loan, others may ask you to pay the interest upfront and principal later. Many lenders also allow you to pay both interest and principal amount together.
You can also avail the gold loan as an overdraft and use it as per your requirement, just as you would a credit card. Bullet payment is also allowed by some banks at the end of the gold loan tenure.
Since it is a shorter-duration loan, factor in the availability of funds and understand the repayment process before going for this option. You can foreclose your loan if you want; however, some banks may charge up to 1% of your outstanding dues.

How is the interest rate calculated for gold loans in Rupeek?

The interest rate depends on the purity and quantity of gold that you are pledging into the bank or financial institution.

What are the documents that I need to submit?

A gold loan only requires you to submit KYC documents for verification before the loan can be processed and disbursed. This includes ID proof and address proof, which can be a driver’s license, Aadhar card, voter ID, PAN card, or passport. Along with this, a utility bill or lease agreement must be provided.

What is the maximum tenure of Rupeek gold loan?

The maximum tenure for Rupeek Gold Loan is 12 months

Interest Rate	8.88% - 20.28% p.a.
Tenure	12 months
Repayment schedule	Monthly and One time repayment
Loan Charges	Depends on individual case

Axis Bank Credit Card

Axis Bank Kwik Rupay Credit Card

Axis Bank MY ZONE Credit Card

Axis Bank SELECT Credit Card

IndianOil Axis Bank Credit Card

Axis Bank Magnus Credit Card

Flipkart Axis Bank Credit Card

Axis Bank Vistara Credit Card

Axis Bank Rewards Credit Card

Axis Bank Vistara Infinite Credit Card

Axis Bank Neo Credit Card

Samsung Axis Bank Signature Credit Card

Axis Bank Aura Credit Card

Axis Bank Vistara Signature Credit Card

Axis Bank Privilege Credit Card

Samsung Axis Bank Infinite Credit Card

Axis Bank Reserve Credit Card

Axis Bank Airtel Credit Card

Axis Bank Insta Easy Credit Card

Axis Bank Freecharge Credit Card

Axis Bank Forex Card

Axis Bank Rupay Credit Card

Axis Bank Burgundy Private Credit Card

Axis Bank Credit Card Interest Rates

Axis Bank Credit Card Pin Generation

Axis Bank Credit Card Offers

Axis Bank Credit Card Types

HDFC Credit Card

HDFC Freedom Credit Card

HDFC Indian Oil Credit Card

HDFC MoneyBack Credit Card

HDFC Infinia Credit Card

HDFC Diners Club Black Credit Card

HDFC Swiggy Credit Card

HDFC Regalia Credit Card

HDFC Millennia Credit Card

HDFC Business MoneyBack Credit Card

HDFC Regalia Gold Credit Card

HDFC Regalia First Credit Card

HDFC UPI Rupay Credit Card

Paytm HDFC Bank Credit Card

HDFC MoneyBack+ Credit Card

Tata Neu Plus HDFC Bank Credit Card

Shoppers Stop HDFC Bank Credit Card

Flipkart Wholesale HDFC Bank Credit Card

6E Rewards IndiGo Credit Card

HDFC Times Platinum Credit Card

HDFC Bank Corporate Platinum Credit Card

HDFC Rupay Credit Cards

HDFC Forex Cards

HDFC Virtual Credit Card

Best HDFC Credit Cards

SBI Credit Card

SBI Prime Credit Card

SBI Simply Click Credit Card

SBI Elite Credit Card

SBI IRCTC Platinum Credit Card

SBI Simply Save Credit Card

SBI Pulse Credit Card

SBI Cashback Credit Card

IDFC First Bank Credit Card

IDFC Millennia Credit Card

IDFC Classic Credit Card

IDFC Wealth Credit Card

IDFC Wow Credit Card

IDFC Select Credit Card

AU Bank Credit Card

AU Bank Zenith Credit Card

AU Bank Vetta Credit Card

Au Bank Altura Plus Credit Card

AU Bank Altura Credit Card

AU Bank LIT Credit Card

AU Bank Credit Card Eligibility

AU Bank Credit Card Customer Care Number

AU Bank Credit Card Net Banking

AU Bank Credit Card Eligibility

AU Bank Credit Card Bill Payment

American Express Credit Card

Amex Membership Rewards Credit Card

Amex Platinum Reserve Credit Card