Gold Loan Key Features – Apply Now!
| Gold Loan Interest Rate | 7.15% per annum |
| Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,293 |
| Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Gold Loan
- Fast Process: Gold Loan gets approved and payout easily. The loan is within an hour.
- Minimum Documents: For Gold Loan, document process is straightforward and only crucial documents are required
- Transparent System: Perfect transparency is provided to the customer, there are no hidden charges.
- Amount of Loan: The least amount of loan provided to the clients is Rs. 15000. In rural areas, the least amount can also be fewer than Rs 10000.
- Safety of Jewellery: Bank is accountable for the security of your gold. Thus, the gold is rendered fireproof protection.
- Loan Tenure: The loan is granted for the time duration from 3 months to 2 years.
- Benefits for Farmers: Gold Loan prevails some special offers for agricultural purposes. Therefore, for agriculture purpose, the Gold Loan is granted at a low rate.
- No Debt Burden: If in any circumstances the candidate is not able to pay the loan amount the applicant will not be under debts. only in action, the ornaments will be confiscated.
- No Income bounds: There are no restrictions on the wages of the applicant. Hence, candidates with different income level can avail a gold loan.
How much Gold Loan can I Get through Gold Loan
Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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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 |
Call on 9878981144 to avail the Best Deals and Offers on Gold Loan Per Gram.
Gold Loan Eligibility
For Gold Loan the applicant is eligible only if they fulfil the listed criteria:
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Gold Loan Documents Required
In Gold Loan minimal documentation is required to easily access to the gold loan. List of the essentials documents which are required to avail Gold Loan:
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) |
Gold Loan Interest Rate, Fees and Charges
Gold as security is available at a low-interest rate because it’s beneath the category of secured loans. Therefore, the Gold Loan interest rates are minor than that of the personal loan or any other type of loans. The Gold Loan rate continues on changing time to time as well as person to person.
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 Gold Loan
Uncertainties are a component of life. Thus, to undertake with all the money complications in your life we have a tendency to all would like cash. Where Gold Loan plays an important role to fight with the financial crisis. Gold Loan is a safe loan. People with less CIBIL score can also have secure access to this service. Gold Loan is one of the best Gold Loans in India.
Despite, there is a number of financial banking and non-banking companies that avail the gold loan, but Gold Loan is considered the best. Gold Loan is well-known for its brilliant financial services, as it is one of the most reputed and dependable banks in India.
- Gold Loan Interest Rate is 7.15% per annum
- Gold Loan Per Gram is ₹ 5,293Gold Loan Tenure: Up to 24 months
- Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Gold Loan
Bank provides various schemes connected to the Gold Loan product. Schemes are as follows:
- Loan Against Gold- Bank provides Gold Loan at an appealing rate of interests which can actually fulfil anyone’s direct need of funds for any personal or professional reasons. Gold Loan is absolutely a safe form of loan where the bank has no risk in the lending amount of money to the applicant at a cheaper rate of interest as contrasted to the other forms of Loan products.
- Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Bank Avails Gold Loan at a special rate of interest as compared to the Gold Loans which are provided for other uses. Special offers to avails where the bank need the Land proofs of the applicant on the basis of which the loan seekers are granted the loan.
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 Gold Loan EMI?
Gold Advance can be repaid in the various following ways:
- Standing Instruction (SI): If you are an account holder with Bank currently, then Standing Instructions is the most opted method of compensation. toward the end of the month period, the EMI amount will be credited from the applicant’s Bank account the applicant shows.
- Electronic Clearing Service (ECS): This scheme is for the applicants who have a non-bank record and the EMIs need to be debited consequently at the end of the month cycle from this account.
- Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from the non-Bank statement at your nearby Bank Loan Center. Shortly, the new version of PDCs should be performed. For ideal condition, it’s suggested to note Post Dated Checks which will be collected non-ECS states as it were.
Gold Loan Contact Number
Call at 9878981144 to get instant help and approval for your Gold Loan. You can know the best offers on Gold Loan available from all the Bank Branches throughout the country to avail the best deal suitable to your needs.
Gold Ornaments Accepted by Bank
- Gold Jewellery like Gold Bangles, Gold earrings, Gold anklets, Gold Necklaces etc. are all accepted by Bank for seeking Gold Loan
- Quality: the quality of Gold should be within 18 to 22 Carat. Any 24 Carat gold accessorize cannot be used to avail a gold loan.
Use of Gold Loan
The fund that is obtained by Gold Loan services can be used for several purposes:
- Fund for any appropriate investments such as hiking, marriage, payment of higher tuition fees, etc.
- Loan services are available for marketing essentials like acquiring fresh supply, developing marketing, etc.
- Supplementary Gold Loan can also be availed for horizontal ideas. the bank provides a lower rate of interest for Gold Loans that are available for farming or farming-related projects.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
7.15% – 14.50% |
|
| 7.15% – 16.10% | |
| Muthoot Finance Gold Loan |
7.15% – 24.00% |
| 7.15% – 17.00% | |
| Manappuram Gold Loan |
7.15% – 26.00% |
| 7.15% – 15.99% | |
| Bank of India Gold Loan |
7.15% – 26.00% |
| 7.15% – 13.50% | |
| IIFL Gold Loan |
7.15% – 12.00% |
| 7.15% – 14.65% | |
|
7.15% – 12.65% |
|
| Allahabad Bank Gold Loan |
7.15% – 10.45% |
| 7.15% – 15.75% | |
| PNB Gold Loan |
7.15% – 11.75% |
| 7.15% – 26% | |
| SBI Gold Loan |
7.15% – 15.99% |
| 7.15% – 15.99% | |
| UCO Bank Gold Loan |
7.15% – 26.00% |
| 7.15% – 13.50% | |
| Syndicate Bank Gold Loan |
7.15% – 12.00% |
FAQs About Gold Loan
- What is Gold Loan?
Gold Loan could be a loan theme wherever you’ll be able to access for any emergency money facilitate by keeping your gold as a guarantee with the bank. It comes with participating interest rates on Term Loan, the order of payment and EMI primarily based loan. Average Gold Loan disbursal time is simply 45 minutes.
- How can I get the Gold Loan from the Bank?
You can get the Bank Gold Loan by being to any close Gold Loan giving branch. Even you’ll be able to access to Gold Loan on-line with BestLoanDeal from anyplace and acquire the simplest deals and offers.
- What is Gold Loan Interest Rate in Bank?
The Gold Loan rate of interest in Bank is 7.15% each year. the speed of interest depends on varied criteria namely: loan quantity, loan tenure, purity of gold etc.
- How much Gold Loan can I get per gram in Bank?
The value of per gram Gold Loan strictly depends on the purity and quality of the gold. Bank believes gold purity between 18 to 22 carats to supply a Gold Loan. you’ll be able to avail up to Rs. 5,293 per gram in Bank Gold Loan.
- How to check Gold Loan status in Bank?
To check the standing of Bank Gold Loan you’ll be able to visit loan huntsman. Refill your details within the given kind. This could simply assist you to trace the standing of your loan from anyplace at any time and keeps you updated.
- How to calculate Gold Loan Interest in Bank?
Bank Gold Loan interest will be calculated precise BestLoanDeal’s EMI Calculator. It provides you with the correct details supported the knowledge the somebody enters within the calculator
- How to Pay Gold Loan Interest Online?
Gold Loan interest will be paid through internet banking on the official loan reimbursement website or instead. Another mode Paytm also can be wont to repay Bank Gold Loan or your most popular payment technique.
- What if I can’t pay the interest on Bank Gold Loan for 3 months?
If the interest isn’t refunded back for three months, then at first a reminder is given for your unfinished dues. After this, if the payment requests go unnoticed or inaudible then a politician legal notice is shipped, that demands the reimbursement and closure of the loan. Such defaults on your Gold Loan lands up during a decrease of your credit score and additionally cause you to respond to face legal actions by the bank which can embrace arrogation and auction of your gold.
- How can I apply for EMI Moratorium on Gold Loan?