Rupeek Gold Loan

Rupeek Gold Loan Highlights
Interest Rate	0.81% per month (9.72% p.a.) onwards
Loan Amount	Min. Rs 20,000 and above
LTV Ratio	Up to 75% of gold’s market value, may go up to 90%
Tenure	From 61 days to 6 months
Processing Fee	0%-1%
Gold Loan Repayment Facility	Interest Payment, Bullet Repayment and Part-payment
Foreclosure Charges	Nil

Note: The interest rate mentioned is a floating interest rate and subject to change basis repo rate changes made by the Reserve Bank of India.

Rates as of 17th Dec 2024.

Rupeek Gold Loan Interest Rates

Rupeek Gold Loan interest rates start from 0.81% per month (9.7% p.a.) onwards. However, the lender has not disclosed any differentiated gold loan rates based on the loan tenure, loan amount or applicant’s credit profile.

Features of Rupeek Gold Loan

Purpose

Rupeek offers gold loan against gold jewellery of 18 carats and above. Applicants can avail Rupeek Gold Loan to raise funds for various financial purposes, except speculation.

Loan Amount

The lender offers minimum loan amount of Rs 20,000 and the maximum loan amount depends upon applicant’s requirements and eligibility. The loan amount is subject to an upper cap of up to 75% of the gold’s market value.

Repayment Tenure

Minimum 61 days and maximum up to 6 months.

Repayment Options

Monthly Interest Payment

Here, the individual needs to service the interest portion of his EMIs every month. He/she can repay the principal amount at the end of the tenure.

Bullet Repayment

In Bullet Repayment method, both the interest and principal can be repaid at the end of the tenure.

Part-payment

Under this option, the borrowers can make the repayment in regular EMIs. However, borrowers also have the option of making part-prepayments, which would be deducted from the outstanding principal and thereby, reduce the interest cost.

Eligibility Criteria for Availing Rupeek Gold Loan

• Applicant should be an Indian citizen
• Individuals should be above 21 years old at the time of loan application and 65 years old at the time of loan maturity
• Applicant should own gold items or ornaments of recommended purity

Documents Required for Availing Rupeek Gold Loan

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

Rupeek Gold Loan EMI Calculator

Applicants planning to avail gold loans from Rupeek on EMI can use the online Gold Loan EMI Calculator available on the official website of Rupeek to find out their EMI based on the interest rate and loan tenure. Alternatively, they can also use the Gold Loan EMI Calculator provided on the Paisabazaar website.