Andhra Pradesh State Co-operative BankGold Loan Key Features
Andhra Pradesh State Co-operative Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
Andhra Pradesh State Co-operative Bank Gold Loan Interest Rate | 7.25% per annum |
Andhra Pradesh State Co-operative Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,219 |
Andhra Pradesh State Co-operative Bank Processing Fee | 1.50% of the Principal Loan Amount |
Andhra Pradesh State Co-operative Bank Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
Andhra Pradesh State Co-operative Bank Repayment Tenure | 3 Months to 24 Months |
Andhra Pradesh State Co-operative Bank Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Andhra Pradesh State Co-operative Bank Gold Loan:
- Fast Processing: The approval and disbursal method of the Andhra Pradesh State Co-operative Bank Gold Loan is fast and straightforward. The loan gets usually passed in an associate hour.
- Low-Interest Rate: The rate of gold loans square measure abundant lower as compared to alternative loans because it may be a secured loan.
- Minimal Documentation: The documentation method is straightforward; the smallest amount variety of documents square measure needed for approval of the Andhra Pradesh State Co-operative Bank gold loan.
- Transparent System: we have a tendency to apply no hidden charges on loan. The bank aims to stay absolutely clear to you.
- Loan Amount: The minimum quantity of loan out there to customers is Rs. 15000. Many times, it is often but Rs 10000 in remote areas.
- Security of Jewelry: we have a tendency to square measure accountable for the safety of your gold. Thus, the gold is unbroken in fireproof vaults.
- Loan Tenure: The tenure of the gold loan is often from three months to two years. You’ll create an alternative for the tenure per your comfort.
- Benefits for Farmers: Andhra Pradesh State Co-operative Bank provides some special offers for agricultural functions. That indicates the bank offers the farmers a rather lower Gold loan rate for agricultural usage.
- No Debt Burden: We know that there can emerge circumstances wherein a candidate can’t remunerate the credit sum, in such a situation the moneylender won’t be under obligation as the bank will just hold onto the ornaments kept by you.
- No financial gain bounds: There are not any such limitations relating to the regular payment or financial gain of the lender; so, anyone with any financial gain vary will avail of a gold loan anytime.
How Much Gold Loan can I Get through Andhra Pradesh State Co-operative Bank Gold Loan:
Andhra Pradesh State Co-operative 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
Andhra Pradesh State Co-operative Bank Gold Loan Eligibility:
18-70 years of age Salaried, Self-Employed Minimum 18 Carats
Age
Nationality
Indian
Employment Status
Gold Quality
Andhra Pradesh State Co-operative 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)
Andhra Pradesh State Co-operative Bank Gold Loan Interest Rate, Fees, and Charges:
1.50% of the Principal Loan Amount 2%+GST (Within 3 Months), 0 (After 3 months) Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs 2% p.a. + Applicable rate of interest.
HDFC Gold Loan Interest Rate
7.00% per annum
Processing Fee
Prepayment/Foreclosure Charges
Valuation Fee
Late Repayment Charges
Renewal Processing Fees
Rs 350 + GST
About Andhra Pradesh State Co-operative Bank Gold Loan:
If you’re dealing with economic issues, defeat your crises with the maximum affordable option, Gold Loan. The loan this is furnished closer to gold is called Gold Loan. The borrower continues his gold adorns as collateral with the lender and takes the cash. Get on the spot approval and a hassle-unfastened process. Available on smooth documentation. A gold loan is a secured loan. Therefore, the person who has a low CIBIL score can also without difficulty avail of this service.
Though there are lots of economic banking and non-banking agencies that offer you a gold loan service, however, Andhra Pradesh State Co-operative Bank Gold Loan is considered the maximum. It is a few of the most reputed and reliable banks in India. Also, It is famed for its brilliant monetary services. So, observe for the Andhra Pradesh State Co-operative Bank Gold Loan and avail the nice gives for your product.
- Andhra Pradesh State Co-operative Bank Gold Loan Interest Rate is 7.25% per annum
- Andhra Pradesh State Co-operative Bank Gold Loan Per Gram is ₹ 5,219
- Andhra Pradesh State Co-operative Bank Gold Loan Tenure: Up to 24 months
- Andhra Pradesh State Co-operative Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Andhra Pradesh State Co-operative Bank Gold Loan:
Andhra Pradesh State Co-operative Bank gives numerous schemes linked to the Gold Loan product which can be indexed below:
- Loan Against Gold – Andhra Pradesh State Co-operative Bank offers Gold Loan at attractive costs of interest to satisfy anyone’s dire requirement of a budget for any reason whether or not or now no longer non-public or professional. The gold loan actually is a secured loan then; the financial institution has no hazard in granting the quantity to the individual, so it is supplied at a decrease charge of the interest as in comparison to numerous varieties of Loan merchandise.
- Loan Against Gold for Agriculture – Andhra Pradesh State Co-operative Bank offers Gold Loans in particular for agriculture capabilities to farmers at a selected charge of the interest in comparison to gold loans given for numerous different uses. They are given unique gives and they ought to show out the financial institution Land proofs that they’re taking the loan for.
Andhra Pradesh State Co-operative 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 Andhra Pradesh State Co-operative Bank Gold Loan EMI?
Your Andhra Pradesh State Co-operative Bank gold loan is normally reimbursed within the following 3 opportunity methods:
- Standing Instruction (SI): Standing Instruction is the first-rate and maximum dependable approach of fee in case you are presently an account holder with Andhra Pradesh State Co-operative Bank. Your EMI quantity is credited routinely in the direction of the stop of the month to month amount from the Andhra Pradesh State Co-operative Bank financial institution account you show.
- Electronic Clearing Service (ECS): This approach of the fee is normally implemented when you have a non-Andhra Pradesh State Co-operative Bank document and may need your EMIs to be debited therefore close to to the decline of the month to month technique from the account you point out to us.
- Post-Dated Checks (PDC): You can monitor your post-dated EMI reviews from a non-Andhra Pradesh State Co-operative Bank monetary declaration at your nearest Andhra Pradesh State Co-operative Bank loan Center. A one-of-a-kind model of PDCs was given to be granted quickly. It could be wonderful in case you be aware Post Dated Checks are progressing to be accrued non-ECS states as it was.
Andhra Pradesh State Co-operative Bank Gold Loan Contact Number:
Call 9878981144 and accumulate on the spot assist and popularity of your Andhra Pradesh State Co-operative Bank Gold Loan. You can without difficulty get to recognize the handiest gives on Gold Loan available from all of the Andhra Pradesh State Co-operative Bank Branches at some point of the country to avail the maximum green deal relevant on your wishes.
Gold Ornaments Accepted by Andhra Pradesh State Co-operative Bank :
- Gold jewellery, for instance, Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of those embellishes are received through Andhra Pradesh State Co-operative Bank for availing a Gold Loan.
- Quality: The first-class of gold must be among 18 Carat to 22 Carat. Any gold decoration this is 24 Carat can’t be used while making use of for a gold loan.
Use of Andhra Pradesh State Co-operative Bank Gold Loan:
The budget accrued through availing the Andhra Pradesh State Co-operative Bank Gold Loan carrier can be used for numerous features such as:
- To fund any precise investments like matrimony, hiking, instalment of better lessons payments, etc.
- For all your advertising requirements, like getting supplies, developing, promoting, etc., loan carrier is continually available.
- You also can moreover avail of a Gold Loan for agriculture ideas. The financial institution offers decrease charges of the interest for Gold Loans which might be used for farming or linked projects.
FAQs About Andhra Pradesh State Co-operative Bank Gold Loan:
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What is the Andhra Pradesh State Co-operative Bank Gold Loan?
Andhra Pradesh State Co-operative Bank Gold Loan is a loan kind which you simply can avail for pressing economic assist through preserving your gold as collateral with the bank. It additionally comes with enticing interest costs on Term Loan, Overdraft, and EMI primarily based totally on loan. The common Gold Loan disbursal time in India is simply forty-five minutes.
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How can I get the Gold Loan from Andhra Pradesh State Co-operative Bank?
You can get an Andhra Pradesh State Co-operative Bank Gold Loan through journeying any of the gold loan approving branches in India; otherwise, you may follow online with LoanNow from the consolation of your private home and take the high-quality offers and offers. It is one of the few main banks in India that has Gold Loan services.
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What is the Gold Loan Interest Rate in Andhra Pradesh State Co-operative Bank?
The Gold Loan fee in India is 7.25% in line with annum. The interest fee relies upon a number of components, namely: loan amount, loan tenure, purity of gold, and courting with the bank.
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How much Gold Loan can I get per gram in Andhra Pradesh State Co-operative Bank?
The loan per gram Gold Loan in Andhra Pradesh State Co-operative Bank which you simply gets relies upon at the purity of your gold. Andhra Pradesh State Co-operative Bank accepts gold of purity among 18 carats to 22 carats to supply a Gold Loan. You’ll be capable of avail up to ₹ 5,219 Per Gram in Andhra Pradesh State Co-operative Bank Gold Loan.
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How to check Gold Loan status in Andhra Pradesh State Co-operative Bank?
In order to decide your Andhra Pradesh State Co-operative Bank Gold Loan status, all you need to do is go to the Andhra Pradesh State Co-operative Bank loan fame tracker net web page and fill for your information inside the software given. You’ll be capable of without delay song the fame of your loan from wherever and preserve updated.
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How to calculate Gold Loan Interest in Andhra Pradesh State Co-operative Bank?
You can calculate the interest to your Andhra Pradesh State Co-operative Bank Gold Loan interest via LoanNow’ EMI Calculator which offers you actual quantities primarily based totally at the records you input into the calculator.
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How to Pay Andhra Pradesh State Co-operative Bank Gold Loan Interest Online?
You can effortlessly pay Andhra Pradesh State Co-operative Bank Gold Loan interest online via net banking at the legitimate Andhra Pradesh State Co-operative Bank loan reimbursement internet site or else; you may likewise pay off your Andhra Pradesh State Co-operative Bank Gold Loan on Paytm making use of your maximum favoured fee method.
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What if I can’t pay the interest on Andhra Pradesh State Co-operative Bank Gold Loan for 3 months?
If you aren’t paying your Andhra Pradesh State Co-operative Bank Gold Loan inside 3 months, the financial institution will first remind you of your incomplete dues. If the fee requests cross unheard, a proper felony word is sent concerning the reimbursement and closure of the loan. Defaulting to your Gold Loan ends in a lower of your credit score rating and conjointly reasons you to be liable to face felony moves via way of means of the financial institution collectively with the confiscation and public sale of your gold.
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How can I apply for EMI Moratorium on Andhra Pradesh State Co-operative Bank Gold Loan?
You can practice for EMI Moratorium on Andhra Pradesh State Co-operative Bank Gold Loan presently among the first March and thirty-first August 2020 and has were given to be achieved via way of means of contacting the Bank consumer care or travelling the nearest Andhra Pradesh State Co-operative Bank branch.