Federal Bank Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

Federal Bank Gold Loan Key Features – Apply Now!

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

Advantages of Federal Bank Gold Loan:

  • Fast Processing: The approval and withdrawal process of Federal Bank Gold loans is simple and convenient. Usually, the loan is delivered in an hour.
  • Low-interest rate: relative to other loans, the interest rate on gold loans is much lower because it is a secured loan.
  • Minimal Documentation: The method of documentation is straightforward and simple. For Federal Bank gold loan approval, the least amount of paperwork is needed.
  • Transparent system: Secret rental fees are not paid by us. The bank aims to make you fully transparent.
  • Loan amount: The minimum loan amount available to customers is 15,000 rupees, but, in remote areas, it may sometimes be less than 10,000 rupees.
  • Jewellery Security: The security of your gold is our duty. The gold is then stored in vaults which are fireproof.
  • Duration of the loan: The duration of the gold loan can be from 3 months to two years. At your convenience, you can make a choice for tenure.
  • Advantages for farmers: Federal Bank has some special offers for agricultural purposes. This shows that the bank is offering farmers a slightly lower interest rate on gold loans for agricultural use.
  • No Burden of Debt: We understand that there may be situations where an applicant is unable to repay the loan amount. In such a scenario, the lender is not in debt as the bank will only seize the ornaments that you have.
  • No Income Limits: There are no such restrictions on the lender’s salary or income. Therefore, anyone with any income range can take advantage of it.

How Much Gold Loan can I Get through Federal Bank Gold Loan:

Federal Bank 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

Federal Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Federal Bank 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)

Federal Bank 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 Federal Bank Gold Loan:

If you are facing financial problems, solve them with the most appropriate option, the Gold Loan. Loans given for gold are called gold loans. The borrower keeps the gold jewel as collateral with the lender and receives cash. Get instant approval and a hassle-free process. A brief document is available at. A gold loan is a secured loan. Therefore, even people with a low CIBIL rating can easily use this service.

However, while there are many types of financial banking and non-banking businesses that offer gold loan services, Federal Bank Gold Loans are the most considered. It is a few of the most reputed and trusted banks in India. Apart from this, it is famous for its very good financial services. To apply for a Federal Bank Gold Loan and take advantage of the best offers on your product.

  • Federal Bank Gold Loan Interest Rate is 7.15% per annum
  • Federal Bank Gold Loan Per Gram is ₹ 5,293
  • Federal Bank Gold Loan Tenure: Up to 24 months
  • Federal Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Federal Bank Gold Loan:

Federal Bank offers various schemes related to Gold Loan Products, which are listed below:

  • Loan against Gold – Federal Bank offers a gold loan at an attractive interest rate to meet the immediate requirement of one’s funds for any purpose whether Is it personal or professional. A gold loan is definitely a secured loan; The bank has no risk of lending money to a person, so it is offered at a lower interest rate than various types of loan goods.
  • Agriculture Gold Loans – Federal Bank offers gold secured loans to farmers at special interest rates, especially for agricultural needs, compared to gold loans provided for various needs. They are given special offers and should provide proof of the land of the bank for which they are taking loans.

Federal Bank 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 Federal Bank Gold Loan EMI?

Your Federal Bank Gold Loan is usually repaid in the following three alternative ways:

  • Standing Instruction (SI): Standing Instruction is the best and most reliable method of payment if you currently have an account with Federal Bank. The amount of your EMI automatically goes from the month to the month of the Federal Bank bank account in which it appears.
  • Electronic Clearing Service (ECS) – This method of payment is usually applied when you have a bank record that is not related to Federal Bank, and you want us to use your account Receive your EMI on a monthly-monthly basis mentioned.
  • Postdated Checks (PDC): You can disclose your own Posted Dated EMI Reports for Federal Bank Illegal Statement at the nearest Federal Bank Loan Center. A different version of PDCs was quickly awarded. It would be notable if you could see that post-date scrutiny is going on in non-ECS states as they were.

Federal Bank Gold Loan Contact Number:

Call 9878981144 for immediate assistance and approval for your Federal Bank gold loan. You can easily find out about the most effective gold loan offers from all Federal Bank branches across the country to take advantage of the most effective deal applicable to your choices.

Gold Ornaments Accepted by Federal Bank :

  • Federal Bank approves Gold Jewellery, gold bracelets, gold bracelets, gold bracelets, gold necklaces, etc. to use the gold loan.
  • Quality: The gold standard should be between 18 and 22 carats. No 24-carat gold ornaments can be used when applying for a gold loan.

Use of Federal Bank Gold Loan:

The funds raised by the use of the Federal Bank Gold Loan service can be used for multiple functions, such as:

  • To fund any personal investment, such as marriage, hiking, higher tuition payments, etc.
  • Loan programmes are still available for all of your marketing needs, such as obtaining materials, producing, promoting, etc.
  • In addition, you can also use the Gold Loan for agricultural ideas. The bank has lower interest rates for gold loans used for farming or related ventures.

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 Federal Bank Gold Loan:

  • What is Federal Bank Gold Loan?

The Federal Bank Gold Loan is a form of loan that you can only use for critical financial assistance by keeping your gold as collateral with the bank. Term Loan, Overdraft, and EMI interest rates dependent predominantly on loans are also included. The total Gold Loan disbursement time for India is just 45 minutes.

  • How can I get the Gold Loan from the Federal Bank?

By visiting any of the gold loan approval branches in India, you can get a Federal Bank Gold Loan; otherwise, from the comfort of your home, you can apply online with BestLoanDeal and take the best offers and deals. It is one of the few leading banks that have Gold Loan services in India.

  • What is the Gold Loan Interest Rate in Federal Bank?

The gold loan rate is 7.15 per cent per annum in India. The interest rate usually depends on a variety of components, including the amount of the loan, the loan’s tenure, the purity of gold, and the relationship with the bank.

  • How much Gold Loan can I get per gram in Federal Bank?

The gold loan you will get at Federal Bank per gramme depends on the purity of your gold. Federal Bank accepts pure gold from 18 carats to 22 carats to supply a gold loan. In the Federal Bank Gold Loan, up to 5,293 per gramme can be used.

  • How to check Gold Loan status in Federal Bank?

To assess your Federal Bank Gold Loan status, all you have to do is visit the Federal Bank loan status tracker web page and fill in your details with the application issued. You can remotely track your loan’s status from anywhere and keep it updated.

  • How to calculate Gold Loan Interest in Federal Bank?

You can calculate the interest on your Federal Bank Gold Loan interest through the BestLoanDeal’s EMI Calculator, which gives you exact amounts depending on the information you insert into the calculator.

  • How to Pay Federal Bank Gold Loan Interest Online?

You can conveniently pay Federal Bank Bank Gold Loan interest online through internet banking on the official Federal Bank Bank loan repayment 
website or else; you can also repay your Federal Bank Bank Gold loan on Paytm using the most preferred payment form. 
  • What if I can’t pay the interest on Federal Bank Gold Loan for 3 months?

If your Federal Bank Gold Loan is not paid within three months, your incomplete dues will be remembered first by the bank. If the payment requests go unanswered, a formal legal notice regarding repayment and termination of the loan is distributed. The default on your gold loan leads to a decline in your credit score that makes you liable to legal action by the bank, along with the confiscation of the sale of your gold.

  • How can I apply for EMI Moratorium on Federal Bank Gold Loan?

You can currently apply for the EMI Moratorium on Federal Bank Gold Loan between 1 March and 31 August 2020 and have to do so by contacting the Bank’s customer service department or visiting the nearest branch of Federal Bank.