Karnataka Bank Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

Karnataka Bank  Gold Loan Key Features – Apply Now!

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

Advantages of Karnataka Bank Gold Loan:

  • Fast processing: The approval and disbursement system of the Karnataka Bank Gold Loan is swift and quick. Usually, in an hour, the loan passes.
  • Low-interest rate: The interest rate is much lower for gold loans compared to other loans since it is a secured loan.
  • Minimum Paperwork: The documentation process is simple and straightforward; the minimum number of documents needed for the Karnataka Bank gold loan to be accepted is needed.
  • Transparent system: We’re not putting secret penalties on loans; a bank’s priorities.
  • Loan Sum: The minimum amount of loan available to customers is Rs. 15000. Sometimes, it may be less than Rs 10000 in remote areas.
  • Jewellery Protection: We are in charge of the care of your jewellery. The gold, therefore, is contained in vaults which are fireproof.
  • Loan tenure: The tenure of gold loans can be from 3 months to 2 years. You can, according to your convenience, make an option for tenure.
  • Benefits for farmers: Some special offers for agricultural purposes are offered by Karnataka Bank. This suggests that the bank is offering farmers a slightly lower interest rate on gold loans for agricultural use.
  • No Debt Burden: We are aware that there might be cases where a borrower is unable to pay for the amount of the loan, the lender will not be under debt in such a scenario as the bank will only seize the ornaments owned by you.
  • No income limits: there are no such restrictions on the lender’s salary or income; thus, anybody with any range of income can use a gold loan at any time.

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

Karnataka 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

Karnataka Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Karnataka 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)

Karnataka 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 Karnataka 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. Karnataka Bank is a non-banking economic company of India. It offers personal loan, home loan, education loan, gold loan and agriculture loan. You can quickly get a gold loan to satisfy your financial requirements. You can easily utilise this amount of loan to start a new business or for any other personal purpose.

Karnataka Bank provides you with a gold loan at the lowest interest rates and minimum documentation. The company gives very secure storage for your gold. There is no chance of fraud because it is one of the reputed NBFC of India. You can very easily apply for the gold loan online from BestLoanDeal. Gold loan disbursal is very fast. If you are eligible, then you can get your loan amount disbursed within a few minutes.

  • Karnataka Bank Gold Loan Interest Rate is 7.11% per annum
  • Karnataka Bank Gold Loan Per Gram is ₹ 5,293
  • Karnataka Bank Gold Loan Tenure: Up to 24 months
  • Karnataka Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Karnataka Bank Gold Loan:

Karnataka Bank offers numerous Gold Loan product-related schemes that are described below:

  • Loan Against Gold – Karnataka Bank provides gold loans at interest rates for every reason, whether personal or technical or not, in order to satisfy the desperate need for funds. The gold loan is definitely a secured loan then; the bank has no risk of granting the amount to the individual, so compared to different types of loan merchandise, it is given at a lower rate of interest.
  • Agriculture Loan Against Gold – Karnataka Bank explicitly provides farmers with gold loans for agricultural functions at a particular interest rate relative to gold loans issued for other uses. They are given special offers, and they can turn out the bank land documents for which they are taking out the loan.

Karnataka 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 Karnataka Bank Gold Loan EMI?

Usually, the Karnataka Bank gold loan is repaid using the following three alternative approaches:

  • Standing Instruction (SI): Standing Instruction, if you are already a Karnataka Bank account holder, is the easiest and most convenient method of payment. Your EMI number will be credited automatically from the Karnataka Bank bank account you display at the end of the month to month number.
  • Electronic Clearing Service (ECS): Normally, this payment method is used if you have a non-Karnataka Bank record, and you would like to debit your EMIs from the account you recorded to us near the decline of the month-to-month process.
  • Post-Dated Checks (PDC): At your nearest Karnataka Bank Loan Centre, you can disclose your post-dated EMI reports from a non-Karnataka Bank financial statement. There was a need to immediately grant a new edition of PDCs. If you note that Post Dated Checks are progressing because it was, collecting non-ECS states will be perfect.

Karnataka Bank Gold Loan Contact Number:

Call 9878981144 to get immediate support and approval for your Gold Loan from Karnataka Bank Branch. To use the most productive offer appropriate to your needs, you can easily get to know the most competitive Gold Loan offers out there from all Karnataka Bank branches worldwide.

Gold Ornaments Accepted by Karnataka Bank:

  • Gold jewels, For example, gold bracelets, gold bracelets, gold anklets, gold necklaces, etc. For a gold loan, Karnataka Bank bought all these ornaments.
  • Quality: Gold must range from 18 to 22 carats in quality. In applying for a gold loan, any gold decoration that is 24 carats will not be included.

Use of Karnataka Bank Gold Loan:

For several functions, the funds raised by the use of the Karnataka Bank Gold Loan service can be used, such as:

  • To finance other personal investments, such as marriage, hiking, higher education prices, etc.
  • There are also loan services available for all of your marketing needs, such as getting materials, designing, promoting, etc.
  • Moreover, you can also benefit from a Gold Loan for agricultural ideas. The bank has lower interest rates for gold loans that are used for farming or similar ventures.

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 Karnataka Bank Gold Loan:

  • What is Karnataka Bank Gold Loan?

The Karnataka Bank Gold Loan is a form of loan that you can only use by holding your gold as collateral with the bank for urgent financial assistance. Term Loan, Overdraft, and EMI interest rates are also involved, often depending on loans. In India, the average Gold Loan disbursement time is just forty-five minutes.

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

By visiting any of India’s gold loan approving branches, you can get a Karnataka Bank Gold Loan; otherwise, from the comfort of your home, you can apply online with BestLoanDeal and get the best offers and deals. It is one of the few leading banks to provide gold loan facilities in India.

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

In India, the gold loan rate is 7.11 per cent per annum. The interest rate depends, in general, on a number of components, including the amount of the loan, the tenure of the loan, the purity of the gold, and the bank’s relationship.

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

The gold loan you earn per gramme from Karnataka Bank depends on the purity of your gold. Karnataka Bank accepts 18-carat and 22-carat purity gold to have a gold loan. On the Karnataka Bank Gold Loan, you could use up to 5,293 per gramme.

  • How to check Gold Loan status in Karnataka Bank?

You just need to go to the Karnataka Bank loan status tracker web page and fill in your information with the released application to test your Karnataka Bank Gold Loan status. You can directly track the status of your loan from anywhere and keep it current.

  • How to calculate Gold Loan Interest in Karnataka Bank?

Through the BestLoanDeal ‘EMI Calculator, you can measure the interest on your Karnataka Bank Gold Loan interest, which gives you accurate amounts based on the data you insert into the calculator.

  • How to Pay Karnataka Bank Gold Loan Interest Online?

On the official Karnataka Bank loan repayment website or else, you can easily pay Karnataka Bank Gold Loan interest online via internet banking; you can also repay your Karnataka Bank Gold Loan on Paytm using the most common payment form.

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

If within three months, you fail to pay the Karnataka Bank Gold Loan, the bank will first remind you of your uncompleted dues. A formal legal notice about the repayment and termination of the loan is distributed if the payment requests go unanswered. Defaulting on your gold loan leads to a reduction in your credit score that causes the bank to face legal action, along with the confiscation of the sale of your gold.

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

You can currently apply for a Karnataka Bank Gold Loan EMI moratorium between 1 March and 31 August 2020, and you must do so by contacting the customer service department of the bank or by visiting the nearest Karnataka Bank branch.