Corporation Bank Gold Loan

Corporation Bank Gold Loan Key Features

Advantages of Corporation Bank Gold Loan:

• Active Mechanism: Corporation Gold Loan is rapidly approved and can be easily processed. It proceeds within an hour.
• Lesser Documents: The Corporation bank asks for only significant credentials as the documentation process is forthright.
• Vitreous Structure: The Corporation bank is clear and direct with its system of not taking any hidden charges from the clients.
• Amount of Loan: The measurable loan given to the customers in the Corporation Bank is Rs. 15000 and for the beings living in rural areas, it is Rs. 10000.
• Safety of Jewellery: Predominantly, the Corporation bank is responsible for the well-being of gold, as well as to protect it from fire-catching areas.
• Loan Tenure: The loan period can be the time between 3 months to 2 years in Corporation  Bank. Furthermore, it is on the customers when they feel the necessity.
• Benefits for Farmers: Corporation Bank arises enthralling offers for the agriculturalists, that is, it provides loans at a shallow rate of interest.
• No Debt Burden: There are some on and off chances when borrowers are helpless to repay the amount, this doesn’t come up with the statement of debt, the Corporation bank will only seize the jewellery.
• No Income Bonds: Income control is not the basis of availing loans to the customers in the Corporation Bank. Everyone who brings gold can apply for a gold loan.

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

Corporation Bank Gold Loan Per Gram – Updated September 2020

Corporation Bank Gold Loan Eligibility:

Corporation Bank Gold Loan Documents Required:

Corporation Bank Gold Loan Interest Rate, Fees, and Charges:

About Corporation Bank Gold Loan:

Gold Loan is a loan that is provided against the gold. It includes the gold adornments of the borrower that bank collaterals in exchange for lending money. This process is done for the benefits of the borrower. Corporation Bank is a public sector banking company that has its headquarters in Mangalore, India. Corporation Bank has a skilled advanced product. Consumers avail of Corporation Bank Gold Loan with a nominal and affordable banking rates. It is a highly honourable gold loan provider apart from other banking or non-banking committees. 

• Corporation Gold Loan Interest Rate is7.25% per annum
• Corporation Gold Loan Per Gram is ₹5,219
• Corporation Gold Loan Tenure: Up to 24 months
• Corporation Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Corporation Bank Gold Loan

Corporation Bank ventures several schemes connected to the Gold Loan product which recorded beneath:

• Loan Against Gold – Gold Loan know as a loan of trust provides an affordable rate of interest to the customers who are willing to gratify their pecuniary needs as of person or expert. Corporation Bank Gold Loan differs from other groups of loans in terms of banking rate. The bank has no issues in lending sum to the necessitous as it offers interest at a minimal rate.
• Loan Against Gold for Agriculture – Corporation Bank provides Gold Loans respectively for agrarian goals to farmers at an extraordinary banking rate as compared to gold loans given for other purposes. They are inured special offers and you need to give the bank Land credentials for which you are taking the Loan.

Corporation Bank Gold Loan EMI Calculator:

How to Pay Your Corporation Bank Gold Loan EMI?

• Standing Instruction (SI): If you are a current account holder with Corporation Bank, Standing Instruction is the most suitable and believable method of compensation. Your EMI amount will be credited automatically towards the month to month lasting period from the Corporation Bank account you show.
• Electronic Clearing Service (ECS): This function can proceed if you have a non-Corporation Bank record and might need your EMIs to be charged wherefore monthly from this account.
• Post-Dated Checks (PDC): You can introduce post-dated EMI evaluations from a non-Corporation Bank statement at your closest Corporation Bank Loan Center. A new version of PDCs should be presented immediately.

Corporation Bank Gold Loan Contact Number

Call 9878981144 and get immediate help and acceptance of your Corporation Bank Gold Loan. You can learn the best offers on Gold Loan available from all the Corporation Bank Branches throughout the nation to avail the best stock sufficient to meet your needs.

Gold Ornaments Accepted by Corporation Bank

• Gold Jewellery:  such as Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are agreed by Corporation Bank for availing a Gold Loan.
• Quality: The quality of gold should be between 18 Carat to 22 Carat. Any gold ornament which is 24 Carat, is not allowed for availing a gold loan.

Use of Corporation Bank Gold Loan

The funds gained by availing the Corporation Gold Loan service can be utilized for several reasons-

• To fund any individual finance such as a wedding, housing, higher education.
• For all your marketing essentials, such as purchasing original stock, establishing markets, etc., a loan alliance is applicable.
• You can avail of a Gold Loan for horticultural thoughts. The bank gives minimum prices of interest for Gold Loans that are useful for cultivating or related projects.

FAQs About Corporation Bank Gold Loan

• What is Corporation Bank Gold Loan?

Corporation Bank Gold Loan helps in getting a credit against gold gems. Gold loans are nominal and affordable as compared to personal loans.

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

You can get Corporation Bank Gold Loan by visiting any of the gold advance centers of Corporation Bank or you can apply online with loannow from the comforts of your home.

• What is Gold Loan Interest Rate in Corporation Bank?

The Gold Loan Interest Rate in Corporation Bank is 7.25% per annum.

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

You can profit up to ₹ 5,219 Per Gram in Corporation Bank Gold Loan.

• How to check Gold Loan status in Corporation Bank?

The tracker website page is available for the applicants to check their gold loan status in the Corporation bank or you can just visit the nearest branch of the bank.

• How to calculate Gold Loan Interest in Corporation Bank?

You can calculate the exact figures of gold loan interest based on your entered data by using the EMI calculator.

• How to Pay Corporation Bank Gold Loan Interest Online?

You can pay corporation Gold Loan interest online through net banking on the formal Corporation loan compensation home page or by choice, you can also repay your Corporation Gold Loan on Paytm using your preferred payment method.

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

In case you haven’t paid interest on Corporation Gold Loan for 3 months, you will be helped in the beginning and asked generously for paying the pending dues. But if the hearing remains muted then the bank will officially put the legal charges on you and will confiscate the ornaments.

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

Applying for EMI Moratorium on Corporation Bank Gold Loan between first March and 31st August 2020 and must be completed by contacting the Bank client care or visiting the closest Corporation Bank office.