Allahabad Bank Gold Loan

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Allahabad Bank Gold Loan Key Features

Allahabad Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Allahabad Bank Gold Loan Interest Rate 7.25% per annum
Allahabad Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,219
Allahabad Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Allahabad Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Allahabad Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Allahabad Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Allahabad Bank Gold Loan

  • Fast Procedure: you will be able to take a Gold Loan from Allahabad Bank only and apace with none obstacles. The loan gets permissible in exactly hr.
  • Fewer Documents: The documentation progression is steady here; fewer documents area unit necessary for the gold loan in Allahabad Bank.
  • Transparent System: Allahabad Bank proposals comprehensive transparency to their client; which is, there are not any unidentified charges.
  • Amount of Loan: The minimum quantity of loan that Allahabad Bank will offer to their consumer is Rs. 15,000. And, in rural districts, it is but Rs ten,000.
  • Protection of Jewellery: One vital issue to notice is that the Bank takes the full responsibleness for the protection of your gold. Afterwards, the unbroken the gold in fire-proof safety.
  • Loan Tenure: The time-period of the Gold loan in Allahabad Bank is from three months to two years. Afterwards, you will be able to decide your luxury consequently.
  • Profits for Ranchers: Allahabad Bank offers some completely different deals for agricultural functions. Allahabad Bank offers a nominal Gold Loan rate of interest for scientific discipline functions.
  • No Debt Issue: There is a group of circumstances like within which if an individual isn’t able to repay the quantity of loan, in this instance the individual won’t be below any debts because the Bank can solely seize the applicant’s ornaments.
  • No financial gain borders: There are not any restrictions on the earnings or financial gain of the applicant; henceforward, anyone with any earnings will apply for a gold loan in Allahabad Bank.

How Much Gold Loan can I Get through Allahabad Bank Gold Loan?

Allahabad 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


Allahabad Bank Gold Loan Eligibility


18-70 years of age



Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats


Allahabad Bank Gold Loan Documents Required


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)


Allahabad 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 Allahabad Bank Gold Loan

Life is filled with worries and fears. Afterwards, you will take money to fight with monetary issues in your life. In this case, you will be able to get a Gold Loan from Allahabad Bank to fight with the economic emergency. A gold loan may be a safe loan. After, the individuals with reduced CIBIL score also can merely apply for this service.

However, there’s plenty of economic Banking and non-Banking organizations that will offer you with the gold loan. However, Gold Loan is taken into account the best. Allahabad Bank came into existence in 1929. it’s one in all the foremost deceptive and chronic Banks in Bharat. Also, it’s familiar for its sturdy economic options. Here the transactions area unit safe.

  • Allahabad Bank Gold Loan Interest Rate is 7.25% per annum.
  • Allahabad Bank Gold Loan Per Gram is ₹ 5,219
  • Allahabad Bank Gold Loan Tenure: Up to 24 months
  • Allahabad Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST.

Types of Allahabad Bank Gold Loan

Allahabad Bank offers some plans allied to the Gold Loan item that square measure listed below:

  • Loan Against Gold – Allahabad Bank offers Gold Loan at fascinating steps square measure necessary to satisfy anybody’s crucial would like of assets for any reason whether or not individual or skilled. The gold credit is formed positive regarding the kind of loans so, the Bank has no danger in giving everything to the individual, it’s given at a slower step of best once related to different kinds of Loan things.
  • Loan Against Gold for the Farming business – Allahabad Bank offers Gold Loans clearly to farming business functions to ranchers at a rare step of interest once connected with gold loans given for various potentialities. They are given varied offers, and at the time of taking the loan, you have got to offer the Bank your Property proof.

Allahabad 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 Allahabad Bank Gold Loan EMI?

  • Standing Instruction (SI): If you’re an accounting holder with Allahabad Bank, Standing Instruction is that the very dependable procedure to pay. Your EMI completeness is going to be attributable logically on the thanks to the month’s finish to month timeframe from the Allahabad Bank checking account you show.
  • Electronic Clearing Service (ECS): The program may be helpful within the incident that you have a non – Allahabad Bank and should like your EMIs to be charged therefore on the brink of the very best limit of the month to month cycle from this record.
  • Post-Dated Checks (PDC): you will be able to gift post-dated EMI investigations from a non-Allahabad Bank checking account at your nearest Allahabad Bank loan Centre. Another methodology of PDCs ought to be accessible during a precise means. It will be superior within the manifestation that you note Post Dated Checks are going to be collected non-ECS states typically speaking.

Allahabad Bank Gold Loan Contact Number

Call 9878981144 And get speedy facilitate and agreement for your Allahabad Bank Gold Loan. You will be able to currently recognize the premium proposals on Gold Loan procurable from all Allahabad Bank Branches all told over the country to achieve the highest deal coupled in step with your necessities.

Gold Ornaments Accepted by Allahabad Bank

Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of those area units allowable by Allahabad Bank to require a Gold Loan.
Quality – the standard of gold should be in between of eighteen Carat to twenty-two Carat. Any gold ornament that is twenty-four Carat can not be wont to take a gold loan.

Use of Allahabad Bank Gold Loan

The assets stable by availing Allahabad Bank Gold Loan facility which might be used for plentiful functions like:

  • To fund any precise hoards like wedding, climbing, instalment of upper education expenses, etc.
  • For all of your selling wants, like getting new provide, developing selling, etc., loan facility is accessible.
  • You may apply for Gold Loan for agricultural ideas. The Bank offers minor charges of interest for Gold Loans that area unit used for agriculture or connected plans.


FAQs About Allahabad Bank Gold Loan

  • What is Allahabad Bank Gold Loan?

Allahabad Bank Gold Loan could be a loan system that you will apply for pressing money to facilitate by keeping your gold as safety with the Bank. Also, it comes with superior interest rates on Term Loan, Overdraft, and EMI based mostly loan. Customary Gold Loan disbursement time at Allahabad Bank is simply forty-five minutes.

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

You will fluently get the Allahabad Bank Gold Loan by visiting any of the gold loan giving branches of Allahabad Bank. You can apply online with Loannow by merely sitting at your home and acquire the most straightforward agreements and proposals. Allahabad Bank is one in all the most essential Banks in India that provides Gold Loan options.

  • What is Gold Loan Interest Rate in Allahabad Bank?

The rate for the Gold Loan in Allahabad Bank is 7.25% every year. The speed of interest is subject to many factors, namely: loan quantity, loan time-periods, purity of gold, and connotation with Allahabad Bank.

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

The per gram Gold Loan in Allahabad Bank that you will get depends on the purity of your gold. Allahabad Bank set to require the gold of purity between eighteen carats to twenty-two carats to supply a Gold Loan. You will be able to avail up to ₹ 5,219 Per Gram in Allahabad Bank Gold Loan.

  • How to check Gold Loan status in Allahabad Bank?

To check your Allahabad Bank Gold Loan standing all, you wish to try and do, visit the Allahabad Bank loan standing huntsman website and fill your details within the kind given there. You will be able to track the status, resourcefully of your loan from residence and keep updated.

  • How to calculate Gold Loan Interest in Allahabad Bank?

You can calculate the interest on your Allahabad Bank Gold Loan victimization Loannow EMI Calculator which supplies you protected amounts supported the data you enter into the calculator.

  • How to Pay Allahabad Bank Gold Loan Interest Online?

You can pay Allahabad Bank loan interest online through internet Banking on the official Allahabad Bank loan compensation website. Alternatively, you will be able to conjointly refund your Allahabad Bank Gold Loan on Paytm victimization your elect payment method.

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

If you may not pay your Gold Loan for three months, first off the Bank can cue you of your due payments. And at the moment, If the payment requests go forgotten associate degree supported legal notice is shipped hard to please the compensation and to complete of the loan. Non-payment on your Gold Loan can cause a decreasing of your credit score and conjointly causes you to wrongfully responsible to face legal actions by the Bank moreover as seizure and auction of your gold.

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

You can apply for associate degree EMI Moratorium on Allahabad Bank Gold Loan currently between 1st March and 31st August 2020. You should be done by communication the Bank’s client care or by visiting the closest Allahabad Bank branch.