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 disbursal process of the Federal Bank Gold Loan is speedy and easy. The loan usually gets passed in an hour.
  • Minimal Documentation: The documentation process is simple and straightforward; the least number of documents are required for approval of the Federal Bank gold loan.
  • Transparent System: We apply no hidden charges on loan. The bank intends to remain fully transparent to you.
  • Loan Amount: The minimum amount of loan available to customers is Rs. 15000. Many times, it can be less than Rs 10000 in remote areas.
  • Security of Jewelry: We are entirely responsible for the security of your gold. Thus, the gold is kept in fireproof vaults.
  • Loan Tenure: The tenure of the gold loan can be from 3 months to 2 years. You can select the tenure according to your comfort.
  • Benefits for Farmers: Federal Bank provides some special offers for agricultural purposes. That indicates the bank offers the farmers a slightly lower Gold loan interest rate for agricultural usage.
  • No Debt Burden: We are aware that there can arise situations in which the applicant is inadequate to repay the loan amount, in such a case the applicant will not be under debts as the bank will only seize the ornaments kept by you.
  • No Income Limitations: There are no such limitations regarding the salary or income of the lender; therefore, anyone with any income range can avail of a gold loan anytime.

 

 

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 issues, defeat your crises with the most reasonable option, Gold Loan. The loan that is provided towards gold, is referred to as Gold Loan. The borrower keeps his gold ornaments as collateral with the lender and takes the cash. Get immediate approval with a hassle-free process. Available on easy documentation. A gold loan is a completely secured loan. Therefore, the individual who has a low CIBIL rating also can easily avail of this service. Federal Bank Gold Loan is one of the most generous gold loan offerings in India.

Though there are a variety of financial banking and non-banking businesses that provide you with a gold loan service, however, Federal Bank Gold Loan is considered the most. It is one of the top reputed and dependable banks in India. Also, It is renowned for its excellent economic services. So, apply for the Federal Bank Gold Loan and avail 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 you a variety of schemes related to the Gold Loan products that are listed below:

  • Loan Against Gold – Federal Bank provides Gold Loan at engaging rates of interest to meet anyone’s urgent requirement of funds for any purpose whether or not personal or professional. The gold loan indeed is secured then. The bank has no risk in granting the amount to the individual, so it’s provided at a lower rate of interest compared to various types of Loan merchandise.
  • Loan Against Gold for Agriculture – Federal Bank provides Gold Loans specifically for agriculture functions to farmers at a specific rate of interest as compared to gold loans given for other various uses. They are given special offers and that they ought to turn out the bank Land proofs that they are taking the Loan for.

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 reimbursed inside the following three alternative methods:

  • Standing Instruction (SI): Standing Instruction is the best and most reliable method of payment if you are currently an account holder with Federal Bank. Your EMI amount is credited automatically towards the end of the month to month quantity from the Federal Bank bank account you show.
  • Electronic Clearing Service (ECS): This method of payment is usually applied if you have a non-Federal Bank record and might want your EMIs to be debited consequently near to the decline of the month to month process from the account you mention to us.
  • Post-Dated Checks (PDC): You can reveal your post-dated EMI reports from a non-Federal Bank financial statement at your nearest Federal Bank loan Center. A different version of PDCs got to be granted quickly. Please note Post Dated Checks are progressing to be collected non-ECS states because it was.

Federal Bank Gold Loan Contact Number:

Call 9878981144 and acquire immediate help and approval for your Federal Bank Gold Loan. You can quickly get to know the most effective offers on Gold Loan out there from all the Federal Bank Branches throughout the country to avail the most efficient deal applicable to your wishes.

Gold Ornaments Accepted by Federal Bank:

  •  Gold jewellery, for example, Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of these ornaments for availing a Gold Loan.
  • Quality: The quality of gold has to be between 18 Carat to 22 Carat. Any gold ornament that is 24 Carat cannot be used when applying for a gold loan.

Use of Federal Bank Gold Loan:

The funds collected by availing the Federal Bank Gold Loan service may be used for several functions such as:

  • To fund any particular investments like matrimony, hiking, instalment of higher tuition payments, etc.
  • For all of your marketing requirements, like getting supplies, developing, promoting, etc., loan service is always available.
  • You can also furthermore avail of a Gold Loan for agriculture ideas. The bank presents lower prices of interest for Gold Loans that are used for farming or connected projects.

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?

Federal Bank Gold Loan is a loan type that you can avail for necessary financial help by keeping your gold as collateral security with the bank. It also comes with attractive interest rates on Term Loan, Overdraft, and EMI based mostly on loan. The average Gold Loan disbursal time in India is just 45 minutes.

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

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

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

The Gold Loan rate in India is 7.15% each year. The interest rate depends upon a variety of elements, namely: loan amount, loan tenure, purity of gold, and relationship with the bank.

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

The per gram Gold Loan in Federal Bank that you will get depends on the purity of your gold. Federal Bank affirms gold of purity between 18 carats to 22 carats to deliver a Gold Loan. You’ll be able to avail up to ₹ 5,293 Per Gram in Federal Bank Gold Loan.

  • How to check Gold Loan status in Federal Bank?

To determine your Federal Bank Gold Loan status, all you have to do do is visit the Federal Bank loan status tracker web page and fill in your details within the application given. You’ll be able to directly track the standing of your loan from anyplace and keep updated.

  • How to calculate Gold Loan Interest in Federal Bank?

You can calculate the interest on your Federal Bank Gold Loan interest through BestLoanDeal EMI Calculator which provides you exact amounts based on the information you enter into the calculator.

  • How to Pay Federal Bank Gold Loan Interest Online?

You can pay Federal Bank Gold Loan interest online through internet banking on the official Federal Bank loan repayment website or else; you can likewise repay your Federal Bank Gold Loan on Paytm applying your most preferred payment method.

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

If you are not paying your Federal Bank Gold Loan within 3 months, the bank will first remind you of your unfinished dues. If the payment requests go unheard, a formal legal notice is distributed regarding the repayment and closure of the loan. Defaulting on your Gold Loan leads to a decrease of your credit score and conjointly causes you to be susceptible to face legal actions by the bank together with the confiscation and auction of your gold.

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

You can apply for EMI Moratorium on Federal Bank Gold Loan currently between the 1st March and 31st August 2020 and has got to be done by contacting the Bank customer care or visiting the closest Federal Bank branch.