Indian Bank Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

Indian Bank Gold Loan Key Features

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

Advantages of Indian Bank Gold Loan:

  • Active Mechanism: Indian Bank quickly and smoothly deliver the process so that the loan gets passed in 60 minutes.
  • Lesser Documents: Indian  Bank offers a simple documentation procedure with no extra documents to be brought.
  • Vitreous Structure: Indian Bank maintains transparency with the loan availing system; it put no additional amount on the customers.
  • Amount of Loan: The maximum loan amount distributed to the customers in Indian Bank is Rs. 15000 and Rs.10000 to the urban and rural areas respectively.
  • Safety of Jewellery: Indian  Bank gives contentment of the decorations and also preserve them from fire-catching locations.
  • Loan Tenure: The tenancy of a loan for the Indian Bank is from 3 months to 2 years. It is on the applicants to make decisions.
  • Benefits for Farmers: Indian Bank raises some extraordinary services to the farmers along with providing a loan at a low rate of interest.
  • No Debt Burden: In certain situations, candidates cannot refund the amount; thus, Indian bank confiscate their gold instead of obligating them under debts.
  • No Income Bonds: Indian Bank does not dishearten its customers by categorizing the loaning scheme based on income. Anybody can apply for a gold loan in the respective bank.

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

Indian 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

 

Indian Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Indian 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)

 

Indian 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 Indian Bank Gold Loan?

Indian Bank is the bank that offers gold loan services to the borrowers for the fulfilment of economic needs. The gold loan is given to the customers in exchange for gold products that are lying idly in the house. Indian Bank has a name for offering delightful services to its customers and is the best among various banking and non-banking institutions.

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

Types of Indian Bank Gold Loan:

  • Loan Against Gold – Indian Bank endorse Gold Loan for the fulfilment of individual requirements. Gold Loan is a secured loan that is provided to the clients at a low banking rate when compared to other loans, for this reason, the bank finds it a pleasant opportunity to help the people in a time of need by giving a massive amount to the clients.
  • Loan Against Gold for Agriculture – Indian Bank provides Gold Loans offers tons of offers to the farmers and also provides them with the loan at a low price of interest in comparison to the loans used for achieving other goals. The bank needs land proofs for which you are taking a loan.

Indian 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 Indian Bank Gold Loan EMI?

  • Standing Instruction (SI): If the customer is a current account holder with Indian Bank, Standing Instruction can be counted on for the repayment of the amount. Monthly, your EMI amount will be credited automatically to the Indian Bank account you show.
  • Electronic Clearing Service (ECS): ECS process needs to be applied if you have a non-Indian Bank record and might need your EMIs to be charged monthly from this account.
  • Post-Dated Checks (PDC): You can submit post-dated EMI scrutiny from a non-Indian Bank statement at your closest Indian Bank Loan Center. A new version of PDCs must be shown on time.

Indian Bank Gold Loan Contact Number:

Call 9878981144 and get instant help regarding Indian Bank Gold Loan and the offers presented by it.

Gold Ornaments Accepted by Indian Bank:

  • Gold Jewellery:  Like, Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these apply to Indian Bank for availing a Gold Loan.
  • Quality: Indian Bank needs gold of quantitative value between 18 carats to 22 carats, and the values should not go above.

Use of Indian Bank Gold Loan:

  • For example, perceiving individual interests of climbing or travelling, etc.; or for allocating the amount for funding education, medical fees, etc.
  • Business functions like buying goods, publicizing the available amount can perform the services.
  • Farmers can take the amount for the completion of agricultural goals and associated purposes.

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 Indian Bank Gold Loan

  • What is the Indian Bank Gold Loan?

Attainment of gold loan service through the Indian Bank is the most thoughtful decision as the bank provides an interest rate at an engaging price. Also, the accreditation process is quick and easy.

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

By clicking on the link BestLoanDeal, you can get the gold loan in Indian Bank or visit the nearest branch of Indian Bank.

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

The Gold Loan Interest Rate in Indian Bank is 7.15% per annum.

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

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

  • How to check Gold Loan status in the Indian Bank?

The customers can view the gold loan status by visiting the neighbouring branch of the Indian Bank or by following the tracker webpage and fill in the given details.

  • How to calculate Gold Loan Interest in the Indian Bank?

The EMI calculator can calculate the exact value of gold loan interest in the Indian Bank.

  • How to Pay Indian Bank Gold Loan Interest Online?

Net banking and Paytm or any other well-used payment mode can be considered for paying the Indian Bank Gold Loan Interest online.

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

Customers are accountable for not reimbursing the interest on the Indian Bank, and they will be given a warning for once after which they have to face statutory actions taken by the bank.

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

By contacting the customer care of the Indian bank or visiting the closest Indian Bank office, you can apply for EMI Moratorium on Indian Bank Gold Loan now between first March and 31st August 2020.