Capri Global Capital Limited (CGCL) offers gold loans based on gold jewelry, allowing borrowers to get up to 75% of its market value. These loans are available to those without income proof. Borrowers can repay through regular interest payments, upfront interest, or a single payment at the end.
Highlights of Capri Gold Loan
The table below shows the overview of the Capri Gold Loan:
| Interest Rate | Based on the applicant’s creditworthiness |
| Collateral | Gold jewellery |
| LTV Ratio | Up to 75% of the market value of gold |
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Capri Gold Loan Interest Rate
Capri Global Capital Limited has not revealed the interest rates provided to individuals applying for gold loans. Instead, the lender determines its gold loan interest rates according to the applicant’s creditworthiness and prevailing market conditions.
Capri Gold Loan Processing Fee & Charges
Besides gold loan interest, there are other fees & charges applicable to getting a gold loan. Let’s go through the Capri gold loan charges below:
| Particulars | Charges (₹) |
|---|---|
| Processing Fee | As per Scheme |
| GST | 18% |
| MTM Charges | 500 |
| Pre-Auction Charges | 200 |
| Post Auction Charges | 1500 |
| Franking Charges (applicable as per state) | As per the law of the state |
| Penal Charge (effective from April 01, 2024) | 3% plus GST per month on outstanding dues |
| Statement of Account | Nil |
| Foreclosure/Pre-Closure Charges | Nil |
Features & Benefits of Capri Gold Loan
Capri Gold Loans offer a convenient and accessible financial solution, allowing you to leverage your valuable assets with ease and flexibility. Here are the key features:
- Quick Processing: When you opt for a Gold Loan, you can expect swift processing, with the possibility of receiving the loan within an hour.
- Minimal Documentation: The documentation process is simplified, requiring only identification and address-proof documents.
- No income proof required: Unlike traditional loans, no income proof is necessary for a Gold Loan application.
- No credit history: A positive factor of Capri Gold Loans is that your credit history is not a deciding factor in the loan approval process.
- Flexible repayment option: Either pay interest on a monthly/quarterly/ half-yearly basis and principal at the time of maturity or pay interest and principal at the end.
- High Valuation: You can get a loan amount up to 75% of the total collateral value.
- Safety of your jewellery: Your ornaments are kept in a secure vault that ensures the best security and insurance coverage.
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Gold Loan Interest Rates of Top Banks & NBFCs
The table below shows the gold loan interest rates of top banks and NBFCs.
| Bank/NBFC | Gold Loan Interest Rate % p.a. |
|---|---|
| ICICI Bank | 9% |
| Axis Bank | 17.00% |
| IIFL Finance | 11.88% – 27% p.a |
| Bajaj Finserv | 9.50% – 28% p.a. |
| Kotak Mahindra Bank | 8.00% to 24.00% |
| HDFC Bank | 8.30% to 16.55% |
| Central Bank of India | 8.45% to 8.55% |
| UCO Bank | 8.50% |
| Indian Bank | 8.65% to 9.00% |
| Union Bank | 8.65% to 9.90% |
| State Bank of India | 9.05% |
| IndusInd Bank | 8.75% to 16.00% |
| Bandhan Bank | 8.75% to 19.25% |
| Punjab & Sind Bank | 8.85% |
| Bank of Baroda | 9.15% |
| Punjab National Bank | 9.25% |
| Bank of Maharashtra | 9.30% |
| Federal Bank | 9.49% |
| City Union Bank | 9.50% |
| Canara Bank | 9.60% |
| Jammu & Kashmir Bank | 10.00% |
| Karur Vysya Bank | 10.25% |
| South Indian Bank | 10.01% |
| Karnataka Bank | 11.21% |
| Muthoot Finance | 22% p.a. with a 2% rebate if 100% interest is paid monthly |
| AU Small Finance Bank | Up to 24.00% |
Note: The interest rates mentioned above are subject to change at the lender’s discretion.
Eligibility Criteria for Capri Gold Loan
To apply for a Capri gold loan, you need to meet the following eligibility criteria:
- Applicant must be an Indian citizen.
- Minimum age- 18 or above
- Applicants can pledge their gold jewellery as security for the loan
- The lender may consider the applicant’s job profile and the weight and purity of the pledged gold
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Documents Required for Capri Gold Loan
Here is a list of documents required for Capri gold loan:
- Identity Proof: PAN card, Voter ID, Aadhaar card, Driving License, Passport
- Address Proof: Aadhaar card, Passport, Electricity bill, Voter ID, Ration card, Job card issued by NREGA, Driving License.
Steps to Apply for Capri Gold Loan
To avail of a gold loan at Capri Global Capital Ltd., follow these steps:
Step 1: Visit your nearest Capri Global Capital Ltd. gold loan branch.
Step 2: Bring along a photo ID, address proof, and the gold jewelry you wish to pledge as security (only 18-22 karat gold is accepted).
Step 3: The branch will assess the weight and purity of your jewelry and inform you of the maximum loan amount you can receive.
Step 4: Once you confirm, the branch will approve your loan, and you’ll receive the funds instantly, either in cash or through an online transfer.
Gold Loan Calculator
A Gold Loan Calculator helps you estimate the amount of loan you can get by pledging your gold jewelry, the interest rate applicable, and the EMI (Equated Monthly Installment) you would need to pay. The calculator considers factors like the weight and purity of the gold, the current market price of gold, and the interest rate offered by the lender.
Here are the generic steps to use a Gold Loan Calculator:
Step 1: Enter the weight and purity of your gold jewelry (in grams and karats).
Step 2: Input the current market price of gold per gram.
Step 3: Select the Loan-to-Value (LTV) ratio offered by the lender.
Step 4: Enter the interest rate provided by the lender.
Step 5: Choose the loan tenure (repayment period).
Step 6: Click “Calculate” to view the estimated loan amount, interest rate, and EMI.
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Check out more on gold loans from the top banks below:
| SBI Gold Loan | HDFC Gold Loan |
| ICICI Bank Gold Loan | IDFC Bank Gold Loan |
| Axis Bank Gold Loan | Canara Bank Gold Loan |
| Bank of Baroda Gold Loan | PNB Gold Loan Interest Rate |
| Federal Bank Gold Loan | Indian Overseas Bank Gold Loan |
| Union Bank Gold Loan | Bank of Maharashtra Gold Loan |
| Indian Bank Gold Loan | IndusInd Bank Gold Loan |
| Kotak Mahindra Gold Loan | South Indian Bank Gold Loan |
| IDBI Gold Loan | RBL Bank Gold Loan |
| Yes Bank Gold Loan | Central Bank of India Gold Loan |
| UCO Bank Gold Loan | Karnataka Bank Gold Loan |
| JK Bank Gold Loan | Dhanlaxmi Bank Gold Loan |
Check out more on gold loan rates from other gold loan lenders:
| Bajaj Finserv Gold Loan | Rupeek Gold Loans |
| Kosamattam Gold Loan | Manappuram Gold Loan |
| Muthoot Finance Gold Loan | Shriram Finance Gold Loan |