Indian Overseas Bank Gold Loan

Gold Loan at 7.15% p.a

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Indian Overseas Bank Gold Loan Key Features

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

Advantages of Indian Overseas Bank Gold Loan:

  • Active Mechanism: The loan sanctioning process of Indian Overseas Bank is hasty and uncomplicated. The borrower loan gets passed in 60 minutes.
  • Lesser Documents: Indian Overseas Bank include meaningful documents that are needed for further process.
  • Vitreous Structure: Indian Overseas Bank finely manage its system; no charges are shrouded.
  • Amount of Loan: Maximal amount the Indian Overseas  Bank gives to its candidates is Rs. 15000, and to the ones who live in provincial areas the amount descends to Rs. 10000.
  • Safety of Jewellery: Indian Overseas Bank takes charge of the protection of the gold beautifications and also keep them in fire-resistant areas.
  • Loan Tenure: The tenure of a loan for the Indian Overseas Bank is from 3 months to 2 years. The applicant has to be decisive regarding the loan tenure.
  • Benefits for Farmers: Indian Overseas Bank suffices the farmers by providing them with the loan at a lower interest rate along with outstanding benefits.
  • No Debt Burden: In circumstances where candidates cannot refund the amount, the Indian Overseas bank takes hold of your gold instead of putting debt allegations.
  • No Income Bonds: Indian Overseas Bank do not let its customers rely on the income. Anybody can avail of a gold loan if they want to.

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

Indian Overseas 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 Overseas Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Indian Overseas 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 Overseas 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 Overseas Bank Gold Loan?

Indian Overseas Bank offers a gold loan scheme where people who suffer through an economic crisis can conveniently get the amount and secure their gold with the bank. The gold loan is approved to the customers in exchange for gold products that aren’t used lately. Indian Overseas Bank is acknowledged for offering brilliant financing services to its customers and is the best among various banking and non-banking companies.

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

Types of Indian Overseas Bank Gold Loan:

  • Loan Against Gold – Indian Overseas Bank Gold Loan uphold the opportunity of providing a loan to satisfy individuals’ demands. Gold Loan is a guaranteed loan that is given to the clients at a minimum borrowing rate when compared to other types of loans, in consequence, the Indian Overseas Bank finds no-risk while lending a large amount to the clients.
  • Loan Against Gold for Agriculture – Indian Overseas Bank provides Gold Loans presents plenty of offers to the farmers and also gives them the loan at a low-interest rate as compared to the loans used for completing other purposes. The bank wants land evidence for which you are taking a loan.

Indian Overseas 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 Overseas Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are an existing account holder with Indian Overseas Bank, Standing Instruction should be considered for the reimbursement of the amount. Month to month-end cycle, your EMI amount will be credited automatically to the Indian Overseas Bank account you show.
  • Electronic Clearing Service (ECS): ECS process needs to be applied if you have a non-Indian Overseas Bank record and wish for your EMIs to be owed monthly from this account.
  • Post-Dated Checks (PDC): You can urge post-dated EMI scrutiny from a non-Indian Overseas Bank statement at your closest Indian Overseas Bank Loan Center. A new version of PDCs must be shown on time.

Indian Overseas Bank Gold Loan Contact Number:

Call 9878981144 and get your issues solved by us quickly and also get more information about the offers and best deals on Indian Overseas Bank Gold  Loan.

Gold Ornaments Accepted by Indian Overseas Bank:

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

Use of Indian Overseas Bank Gold Loan:

  • Winning over personal interests of climbing or travelling, etc.; or saving the amount for funding education, medical fees, etc. can be done through the money received by the Indian Overseas Bank.
  • Professional work can be finished that is related to marketing, like buying goods, publicizing the services.
  • Farmers must be ready for finishing their targets of cultivation and related 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 Indian Overseas Bank Gold Loan

  • What is the Indian Overseas Bank Gold Loan?

Providing gold loan service to the needful individuals for their short-term and long-term requirements at appealing interest rates is the duty of Indian Overseas Bank.

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

By clicking on the link BestLoanDeal, you can receive the gold loan in Indian Overseas Bank or just visit the nearest branch of the respective bank.

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

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

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

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

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

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

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

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

  • How to Pay Indian Overseas Bank Gold Loan Interest Online?

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

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

Customers are accountable for not refunding the interest on the Indian Overseas Bank, and they will be given a warning at first after then they have to face legal actions taken by the bank.

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

Call the customer care of the Indian Overseas bank or visit the closest branch of the Indian Overseas Overseas Bank office for applying for EMI Moratorium on Indian Overseas Bank Gold Loan now between first March and 31st August 2020.