Oriental Bank of Commerce Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

Oriental Bank of Commerce Gold Loan Key Features

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

Advantages of Oriental Bank of Commerce Gold Loan:

  • Active Mechanism: Everyone appreciates quick and easy procedure. Thus, the Oriental Bank of Commerce follows the same. It passes the loan within 60 minutes.
  • Lesser Documents: Important credential is required by Oriental Bank of Commerce so that the process shouldn’t get complicated.
  • Vitreous Structure: Transparent system included unhidden charges. Oriental Bank of Commerce does not charge extra money from its clients.
  • Amount of Loan: The amount given by Oriental Bank of Commerce to the candidates is Rs. 15000, and it decreases to Rs. 10000 for provincial living people.
  • Safety of Jewellery: Contentment of an individual’s jewels is the foremost duty of the Oriental Bank of Commerce. Also, the gold should be protected from fire.
  • Loan Tenure: The customers are given 3 months to 2 years’ timing for availing for gold loan, the rest is up to them whenever they feel the need of they can apply for it.
  • Benefits for Farmers: Farmers are availed of a gold loan at a lower interest rate in addition to some exclusive benefits.
  • No Debt Burden: Some unwanted time comes when an applicant is not able to repay the amount, but that doesn’t mean that they are put on debt charges, Oriental Bank of Commerce will only take seizure of the gold embellishments.
  • No Income Bonds: The Oriental Bank of Commerce provide gold loan to its customers not based on income or salary they earn, but it needs the gold.

How Much Gold Loan can I Get through Oriental Bank of Commerce Gold Loan:

Oriental Bank of Commerce 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

 

Oriental Bank of Commerce Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Oriental Bank of Commerce 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)

 

Oriental Bank of Commerce 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 Oriental Bank of Commerce Gold Loan:

Life is filled with uncertainties. Each individual faces hard times in their life; some face financial problems, so others face non-financial problems. The point here is how to deal with the uncertainties. Oriental Bank of Commerce was an Indian public sector bank with the utmost banking services. It was founded in 1943, and headquartered in Gurgram, India. The service assists its customers is satisfying and profitable.

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

Types of Oriental Bank of Commerce Gold Loan:

  • Loan Against Gold – Gold Loan is the loaning service provided to the customers who need cash to fulfil the activities procrastinated due to lack of money. Oriental Bank of Commerce gives loans at the feasible interest rate, and thus, the bank gives a huge amount to people without a second thought.
  • Loan Against Gold for Agriculture – Oriental Bank of Commerce aids the farmers by amounting them the loan at a low-interest rate and also, offers them special benefits to complete the required task. They are needed to hand the proof of land for which they are taking a loan from the bank.

Oriental Bank of Commerce 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 Oriental Bank of Commerce Gold Loan EMI?

  • Standing Instruction (SI): If you are a current account holder with Oriental Bank of Commerce, Standing Instruction is an unfailing service for the repayment of the amount. Month to month-end cycle your EMI will get credited automatically from the Oriental Bank of Commerce record your show.
  • Electronic Clearing Service (ECS): This service is assisted when you have a non-Oriental Bank of Commerce 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-Oriental Bank of Commerce statement at nearby Oriental Bank of Commerce Loan Center. PCDs that are newly made should be presented on time.

Oriental Bank of Commerce Gold Loan Contact Number:

Call 9878981144 for knowing various deals and offers by Oriental Bank of Commerce Gold Loan.

Gold Ornaments Accepted by Oriental Bank of Commerce:

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

Use of Oriental Bank of Commerce Gold Loan:

  • The amount that is obtained by the Oriental Bank of Commerce should be used for farming purposes that might help the workers.
  • Retailing services which include buying and selling goods and publicizing it, etc. can be done with the amount received.
  • Living with a dream is a must needed thing as we have our personal goals that we want to achieve.

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 Oriental Bank of Commerce Gold Loan

  • What is the Oriental Bank of Commerce Gold Loan?

Oriental Bank of Commerce Gold Loan service is inclined to customers who want to fulfil short-term and long-term requirements.  Also, the documentation process is rapid and smooth.

  • How can I get the Gold Loan from the Oriental Bank of Commerce?

By clicking on the link BestLoanDeal, you can get a gold loan in Oriental Bank of Commerce or lead the path to the nearest branch of Oriental Bank of Commerce.

  • What is the Gold Loan Interest Rate in Oriental Bank of Commerce?

The Gold Loan Interest Rate in Oriental Bank of Commerce is 7.15% per annum.

  • How much Gold Loan can I get per gram in Oriental Bank of Commerce?

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

  • How to check Gold Loan status in the Oriental Bank of Commerce?

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

  • How to calculate Gold Loan Interest in the Oriental Bank of Commerce?

The EMI calculator can calculate the accurate value of gold loan interest in the Oriental Bank of Commerce.

  • How to Pay Oriental Bank of Commerce Gold Loan Interest Online?

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

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

Customers are answerable for not reimbursing the interest on the Oriental Bank of Commerce, and they will be given a warning for once, and if the hearing goes unheard, they have to deal with legal actions taken by the bank.

  • How can I apply for EMI Moratorium on the Oriental Bank of  Commerce Gold Loan?

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