IDBI Bank Gold Loan

Gold Loan at 7.15% p.a

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IDBI Gold Loan Key Features – Apply Now!

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

Advantages of IDBI Bank Gold Loan

  • Quick Procedure: You can take a Gold Loan from IDBI Bank essentially and expediently with no obstacles. The advance gets acknowledged in only an hour.
  • Fewer Documents: The documentation cycle is consistent here; fewer archives are vital for the gold advance in IDBI Bank.
  • Straightforward System: The IDBI Bank offers total straightforwardness to their customer; and that is, there are no unidentified charges.
  • A measure of Loan: the minimal measure of credit that IDBI Bank can give to their customer is Rs. 15,000. What’s more, in provincial areas, it tends to be not as much as Rs 10,000.
  • The wellbeing of Jewelry: One significant thing to note is that the bank takes the whole anxiety for the security of your gold. After this, they kept the gold in flame-resistant security.
  • Credit Tenancy: The period of the Gold advance in IDBI Bank can be from 3 months to 2 years. After this, you can choose your extravagance as needs are.
  • Benefits for Agriculturalists: IDBI Bank Bank offers some various arrangements for cultivating purposes
  • No Debt Issue: There can be circumstances like in which if a candidate can’t reimburse the measure of advance, in that occurrence the candidate won’t be under any obligations as the bank will grab hold of the candidate’s trimmings.
  • No Income edges: There are no limitations on the compensation or pay of the candidate; henceforward, anybody with any pay reach can apply for a gold advance in IDBI Bank.

How Much Gold Loan can I Get through IDBI Bank Gold Loan? 

IDBIGold 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

IDBI Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

IDBI 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)

IDBI 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 IDBI Bank Gold Loan

Life is loaded with stresses and fears. Therefore, you may require money to battle with budgetary issues throughout your life. You can get a Gold Loan from IDBI Bank to battle with the monetary crisis. A gold advance is a sheltered credit. After, the individuals with an abbreviated CIBIL score can likewise basically apply for this administration.

In that instance, there is a lot of financial banking and non-banking firms that may give you the gold credit, yet Gold Loan is considered the best. IDBI Bank appeared in 1964. It is one of the most evident and tireless banks in India. Likewise, it is known for its stable financial highlights. Here the exchanges are exceptionally secure.

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

Types of IDBI Bank Gold Loan

IDBI Bank offers a few plans related with the Gold Loan thing which are recorded underneath:

  • Credit Against Gold – IDBI Bank offers Gold Loan at fascinating advances that are imperative to fulfil anyone’s basic need of benefits in any way, shape or form whether individual or expert. The gold credit is an ensured about the sort of advances, and afterwards, the bank has no threat in giving the aggregate to the candidate, so it is given at a more slow advance of best when related with different kinds of Loan things.
  • Credit Against Gold for the Farming business – IDBI Bank offers Gold Loans to cultivating industry purposes to agriculturalists at an uncommon advance of intrigue when identified with gold advances given for various expediencies. While taking the credit, you need to give the bank your Property proof they are given various offers and arrangements

IDBI 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 IDBI Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are an ongoing record holder with IDBI Bank, Standing Instruction is an incredibly reliable system to pay. Your EMI whole will be attributed usually while in transit to the month’s conclusion to the month from the IDBI Bank account you show.
  • Electronic Clearing Service (ECS): The program can be valuable in the occurrence that you have a non – IDBI Bank and may require your EMIs to be charged subsequently near the extraordinary edge of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can introduce post-dated EMI examinations from a non-IDBI Bank account at your closest IDBI Bank Loan Center. Another technique for PDCs ought to be open in the correct manner. It would be extraordinary if you note Post Dated Checks will be gathered non-ECS states usually.

IDBI Bank Gold Loan Contact Number

Call 9878981144 and get quick help and understanding for your IDBI Bank Gold Loan. You would now be able to know the exceptional recommendations on Gold Loan accessible from all the IDBI Bank Branches in everywhere on the nation to pick up the top arrangement related by your necessities.

Gold Ornaments Accepted by IDBI Bank

  • IDBI Bank affirms gold Jewelry – Gold Bangles, Gold rings, Gold anklets, Gold accessories, and so on these for benefiting a Gold Loan.
  • Quality – The nature of gold must be in the middle of 18 Carat to 22 Carat. Any gold gems which are of 24 Carat, can’t be utilized for a gold advance.

Use of IDBI Bank Gold Loan

The advantages settled by profiting the IDBI Bank Gold Loan office which can be utilized for bounteous purposes like:

  • To subsidize any exact stores, for example, a wedding, climbing, portion of advanced education consumptions, and so on.
  • For all your showcasing necessities, for example, getting new flexibly, creating promoting, and so on, the credit office is reachable.
  • You can likewise apply for Gold Loan for cultivating thoughts. The bank gives minor charges of enthusiasm for Gold Loans that are utilized for farming or related plans.

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 IDBI Bank Gold Loan

  • What is IDBI Bank Gold Loan?

IDBI Bank Gold Loan is a credit framework that you can apply for critical money related assistance by keeping your gold as wellbeing with the bank. It likewise gives some high financing costs on Term Loan, Overdraft, and EMI based advance. Standard Gold Loan dispensing time at IDBI Bank is only 45 minutes.

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

You can smoothly get the IDBI Bank Gold Loan by visiting any of the gold credit offering parts of IDBI Bank, or you can apply online with BestloanDeals by sitting at your home and get the best arrangements and offers. IDBI Bank is one of the prime banks in India that offers Gold Loan highlights.

  • What is Gold Loan Interest Rate in IDBI Bank?

The Gold Loan financing cost in IDBI Bank is 7.15% per annum. The pace of intrigue is dependent upon certain variables, in particular: credit sum, advance periods, the virtue of gold, and relationship with IDBI Bank.

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

The per gram Gold Loan in IDBI Bank that you can get relies upon the immaculateness of your gold. IDBI Bank chose to take the gold of virtue between 18 carats to 22 carats to offer a Gold Loan. You can benefit up to ₹ 5,293 Per Gram in IDBI Bank Gold Loan.

  • How to check Gold Loan status in IDBI Bank?

To check your IDBI Bank Gold Loan status all, you have to do is, visit the IDBI Bank Loan Status Tracker website page and fill your subtleties in the structure given there and you can follow the status proficiently of your credit from home and stay refreshed.

  • How to calculate Gold Loan Interest in IDBI Bank?

You can ascertain the enthusiasm on your IDBI Bank Gold Loan utilizing BestloanDeals EMI Calculator which gives you ensured sums dependent on the information you go into the number cruncher.

  • How to Pay IDBI Bank Gold Loan Interest Online?

You can pay IDBI Bank Loan premium online through net putting money on the authority IDBI Bank credit remuneration page, or something terrible might happen. You can likewise discount your IDBI Bank Gold Loan on Paytm utilizing your chose instalment measure.

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

On the off chance that you won’t pay your Gold Loan for a very long time, right off the bat, the Bank will help you to remember your due instalments. Furthermore, from that point forward, If the instalment demands go dismissed, an embraced legitimate notification is sent requesting the payment to complete the advance. Non-instalment on your Gold Loan will prompt a lessening of your credit rating and makes you lawfully responsible for confronting legitimate activities by the Bank just as seizure and closeout of your gold.

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

You now can apply for an EMI Moratorium on IDBI Bank Gold Loan between first March and 31st August 2020 and must be finished by conveying the Bank’s client care or by visiting the closest IDBI Bank branch.