Central Bank of India Gold Loan

Gold Loan at 7.15% p.a

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Central Bank of India Gold Loan Key Features

Central Bank of India Gold Loan Interest Rate 7.15% per annum
Central Bank of India Gold Loan Per Gram Rate Per Gram Today is ₹ 5,293
Central Bank of India Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Central Bank of India Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Central Bank of India Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Central Bank of India Gold Loan Repayment Tenure 3 Months to 24 Months
Central Bank of India Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Central Bank of India Gold Loan:

  • Active Mechanism: Central Bank of India aids its customers with ease and complete the loaning process quickly. The credit gets passed within an hour.
  • Lesser Documents: Documents provided should be less in number as the bank requires significant documents.
  • Vitreous Structure:  The Central Bank of India has a clear and direct system; that is; clients need not pay any covered charges.
  • Amount of Loan: Quantitatively, the loan given to the candidates is Rs. 15000 and to the people living in bucolic sides is Rs. 10000.
  • Safety of Jewellery: Gold jewels are given to the Central Bank of India for safety and fair use.
  • Loan Tenure: The loan amount is distributed from 3 months to 2 years. Candidates are required to choose the tenure based on their needs and desires.
  • Benefits for Farmers: Central Bank of India delivers advantages to the cultivators and provides them with a loan at a low rate of interest.
  • No Debt Burden: In some cases, applicants are unable to repay the amount on time; this doesn’t mean that they are pulled towards debts charges, the bank will impound the gold.
  • No Income Bonds: Central Bank of Indiaassure their customers with a fair system; thus, it does not avail loan on an income basis.

How Much Gold Loan can I Get through Central Bank of India Gold Loan:

Central Bank of India Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

Central Bank of India Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Central Bank of India Gold Loan Documents Required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Central Bank of India Gold Loan Interest Rate, Fees, and Charges:

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About Central Bank of India Gold Loan:

Gold Loan is a guaranteed loan given by many Banking and non-Banking financial institutions. Central Bank of India Gold Loan is the smoothest and safest option to secure funds for the immediate requirements of people. It is the most known banking organization that provides simple documentation and a trouble-free process.

  • Central Bank of India Gold Loan Interest Rate is7.15% per annum
  • Central Bank of India Gold Loan Per Gram is ₹5,293
  • Central Bank of India Gold Loan Tenure: Up to 24 months
  • Central Bank of India Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST.

Types of Central Bank of India Gold Loan

Central Bank of India offers different plans to the Gold Loan product which are listed below-

  • Loan Against Gold – Getting a gold loan at an affordable rate of interest is profitable, as Gold Loan is a secured loan. Hence, every individual can satisfy their monetary needs. Central Bank of India, finds no risk in availing a considerable sum to the applicants because it provides a loan at least interest rate.
  • Loan Against Gold for Agriculture – Central Bank of India provides Gold Loan at a lower rate to the farmers along with some incredible offers. Because of this excellent service, it completely differs from other types of loans. Also, farmers are supposed to submit the land evidence to the bank for which they are taking a loan.

Central Bank of India Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your Central Bank of India Gold Loan EMI?

  • Standing Instruction (SI): Standing Instruction, without a doubt, is a suitable way of compensation if you are a present holder of the Central Bank of India. EMI gets credited automatically with the current account you are having.
  • Electronic Clearing Service (ECS): Procedures like ECS can be taken in use only and only if you have a non-Central Bank of India Account and you wish to debit your EMI from this account.
  • Post-Dated Checks (PDC): Post-dated checks of non-Central Bank of India can be evaluated at the Central Bank of India loan centre. You are required to submit the new version of PDCs on time.

Central Bank of India Gold Loan Contact Number:

Get in touch with 9878981144 for all the queries and curiosity regarding the Central Bank of India Gold Loan.

Gold Ornaments Accepted by Central Bank of India:

  • Gold Jewellery:  Central Bank of India targets Gold bangles, Gold anklets, etc.
  • Quality: Gold should be between 18-22 carats quantitatively.

Use of Central Bank of India bank Gold Loan

The funds acquired by the Central Bank of India can be considered for various means-

  • Agricultural funding is necessary for the cultivators who work hard to complete their targets.
  • Business proposals can be pushed forward to expand it.
  • Fulfilment of personal needs like a medical checkup, education fees can be achieved by the obtained fund.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.15% – 14.50%

ICICI Gold Loan

7.15% – 16.10%
Muthoot Finance Gold Loan

7.15% – 24.00%

Axis Bank Gold Loan

7.15% – 17.00%
Manappuram Gold Loan

7.15% – 26.00%

Yes Bank Gold Loan

7.15% – 15.99%
Bank of India Gold Loan

7.15% – 26.00%

Federal Bank Gold Loan 

7.15% – 13.50%
IIFL Gold Loan

7.15% – 12.00%

Central Bank of India Gold Loan

7.15% – 14.65%

Canara Bank Gold Loan

7.15% – 12.65%

Allahabad Bank Gold Loan

7.15% – 10.45%

Induslnd Bank Gold Loan

7.15% – 15.75%
PNB Gold Loan

7.15% – 11.75%

Bajaj Finance Gold Loan

7.15% – 26%
SBI Gold Loan

7.15% – 15.99%

Indian Bank Gold Loan

7.15% – 15.99%
UCO Bank Gold Loan

7.15% – 26.00%

Kotak Mahindra Bank Gold Loan

7.15% – 13.50%
Syndicate Bank Gold Loan

7.15% – 12.00%

 

FAQs About Central Bank of India Gold Loan

  • What is the Central Bank of India Gold Loan?

The Central Bank of India is a funding institution that provides a gold loan to its customers at a feasible interest rate with increased funding, in exchange for gold. It comes up with excellent funding services for the needful people.

  • How can I get the Gold Loan from the Central Bank of India?

Get the gold loan from the Central Bank of India by visiting the nearby branch of the respective bank, or you can also apply for it online at BestLoanDeal from the comfort of your home.

  • What is the Gold Loan Interest Rate in Central Bank of India?

The Gold Loan Interest Rate in Central Bank of India is 7.15% per annum.

  • How much Gold Loan can I get per gram in Central Bank of India?

You can profit up to ₹ 5,293 Per Gram in Central Bank of India Gold Loan.

  • How to check Gold Loan status in the Central Bank of India?

The customers can check their gold loan status by visiting the neighbouring branch of the particular bank or by following the tracker webpage and fill the given details.

  • How to calculate Gold Loan Interest in the Central Bank of India?

The EMI calculator can calculate accurate figures of gold loan interest.

  • How to Pay Central Bank of India Gold Loan Interest Online?

You can pay Central Bank of India Gold Loan interest online through net banking on the formal Central Bank of India loan compensation home page or by choice, and you can also repay your Central Bank of India Gold Loan on Paytm using your preferred payment method.

  • What if I can’t pay the interest on the Central Bank of India Gold Loan for 3 months?

In case, repayment of the interest on the Central Bank of India is not made for three months then you will be asked for the respective contribution, and still if the hearing goes unheard, then you will be charged for the legal actions by the bank.

  • How can I apply for EMI Moratorium on the Central Bank of India Gold Loan?

Applying for EMI Moratorium on Central Bank of India Gold Loan between first March and 31st August 2020 and must be completed by reaching the customer care of the bank or visiting the closest Central Bank of India Bank office.