Karnataka State Co-operative Apex Bank Gold Loan

Karnataka State Co-operative Apex Bank Gold Loan Key Features – Apply Now!

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

 

Why Karnataka State Co-operative Apex Bank Gold Loan?

Get a Loan against gold ornaments at the best interest rate. Quick and easy process. So apply now and enjoy the best offer. Hurry!!

What is Gold Loan?

The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments. Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage, or other family problems. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.

Advantages of taking a Gold loan:-

1. Easy and Hassle-free Process
2. Approval in 30 minutes
3. Simple Documentation
4. Dedicated Assistance
5. No salary certificate or credit card history is required
6. Lowest Interest Rate

Karnataka State Co-operative Apex Bank Gold Loan Interest Rate :

Interest Rate:

1. Generally, the gold loan is available at the interest rate of 7.15% to 14.5%
2. ROI for tenure less than 1 year is also available at 1%
3. Processing fees equal to 2000
4. The borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay the complete borrowed amount in a single shot

Karnataka State Co-operative Apex Bank Eligibility & Documents:

Check Your Eligibility:

1. Age: 21 years and above
2. Profession: Anybody with a steady source of income including Bank Employees, Pensioners

Documents:

1. Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
2. Address proof (Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
3. Signature proof (Passport/ PAN Card/Banker’s verification/ cheque).
4. 2 passport size photographs

Know about the terms and conditions:

1. Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
2. Foreclosure charges can be up to 1%. The minimum loan tenure is 6 Months.
3. So foreclosure charges after 6 months are 0.
4. Charges for late payment of loan amount
5. 2% p.a. as penal interest over and above the applicable rate of interest.

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%