Federal Bank Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Federal Bank Gold Loan Key Features

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

Advantages of Federal Bank Gold Loan

  • Procedure: You can take a Gold Loan quickly from Federal Bank without any hurdles. The loan gets permitted in just 60 minutes.
  • Minimum Documents: The documentation process is steady here; Minimum documents are necessary here for the gold loan.
  • Transparent System: Federal Bank provides complete transparency to its client, and there are no hidden charges as well.
  • Amount of Loan: The least amount of loan that Federal Bank can provide is Rs. 15,000. And, in rural districts, it can be less than Rs 10,000.
  • Protection of Jewellery: Federal Bank takes complete accountability for the protection of your gold. Afterwards, they kept the gold in fire-proof security.
  • Loan Tenure: The time-period for the Gold loan in Federal Bank can be from 3 months to 2 years.
  • Profits for Ranchers: Federal Bank offers a nominal Gold Loan interest rate for agronomic purposes. They also have different proposals for agricultural projects.
  • No Debt Issue: There can be situations in which if an applicant is not able to refund the amount of loan, in the case the applicant will not be under any debts as the Bank will only seize the applicant’s jewellery.
  • No Income borders: There are no limitations on the salary or income of the applicant; henceforth, anyone with any salary range can apply for a gold loan in Federal Bank

How Much Gold Loan can I Get through Federal Bank Gold Loan

Federal 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

 

Federal Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Federal 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)

 

Federal 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 Federal Bank Gold Loan

We all know that Life is full of worries and fears. In that case, you may need cash to deal with financial problems in your life. In that case, you can take a Gold Loan from Federal Bank to fight with the economic emergency in your life. Even the people with reduced CIBIL score can also apply for this facility.

There is a lot of economic Banking and non-Banking companies that can provide you with the gold loan, but Gold Loan from the Federal Bank is considered the greatest. Federal Bank came into existence in 1931. You can blindly trust on this bank, and even the transactions are very safe here

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

Types of Federal Bank Gold Loan

Federal Bank offers some affairs affiliated to the Gold Loan annual which are listed below:

  • Loan Against Gold – Federal Bank offers Gold Loan at absorbing accomplish are important to amuse anybody’s analytical charge of assets for any insight, whether alone or professional. The gold acclaim is fabricated abiding about the blazon of loans. Then, the Bank has no crisis in giving the absoluteness to the appellant, so it is accustomed at a slower footfall of best back associated with altered types of Loan items.
  • Loan Against Gold for the Agriculture industry – Federal Bank offers Gold Loans acutely to agriculture industry purposes to ranchers at an attenuate footfall of absorption back affiliated with gold loans accustomed for altered possibilities. They have accustomed abundant offers, and at the time of demography the loan, you accept to accord the Bank your Property evidence

Federal 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 Federal Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are an accepted annual holder with Federal Bank, Standing Instruction is the acutely dependable action to pay. Your EMI absoluteness will be accustomed logically on the way to the month’s end to ages time anatomy from Federal Bank annual your show.
  • Electronic Clearing Service (ECS): The affairs can be advantageous in the adventure that you accept a non – Federal Bank and may charge your EMIs to be answerable appropriately abutting to the accomplished absolute of the ages to ages aeon from this record.
  • Post-Dated Checks (PDC): You can present post-dated EMI investigations from a non-Federal Bank annual at your abutting Federal Bank Loan Centre. Another adjustment of PDCs should be attainable in an absolute way. It will be abundant in the appearance that you agenda Post Dated Checks will be calm non-ECS states usually speaking.

Federal Bank Gold Loan Contact Number

Call 9878981144 and get accelerated advice and acceding for your Federal Bank Gold Loan. You can now apperceive the exceptional proposals on Gold Loan achievable from all Federal Bank Branches in all over the country to accretion the top accord affiliated according to your requirements.

Gold Ornaments Accepted by Federal Bank

  • Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are acceptable by Federal Bank to booty a Gold Loan.
  • Quality – The affection of gold charge be in amid of 18 Carat to 22 Carat. Any gold accessory which is 24 Carat, cannot be acclimated to apply for a gold loan.

Use of Federal Bank Gold Loan

The assets abiding by availing Federal Bank Gold Loan ability which can be acclimated for abounding purposes like:

  • To armamentarium any absolute hoards like marriage, climbing, instalment of college apprenticeship expenses, etc.
  • For all your business necessities, such as accepting new supply, developing marketing, etc., Loan ability is accessible.
  • You can additionally administer for Gold Loan for agrarian ideas. The Bank gives accessory accuse of absorption for Gold Loans that are acclimated for agronomics or accompanying plans.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%

 

FAQs About Federal Bank Gold Loan

  • What is Federal Bank Gold Loan?

Federal Bank Gold Loan is a loan arrangement that you can administer for burning banking advice by befitting your gold as an assurance with the Bank. Also, it comes with abundant absorption ante on Term Loan, Overdraft, and EMI based loan. Customary Gold Loan cost time at Federal Bank is aloof 45 minutes.

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

You can calmly get the Federal Bank Gold Loan by visiting any of the gold loan providing branches of Federal Bank. Or you can administer online with Loannow by aloof sitting at your home and get the best agreements and proposals. Federal Bank is one of the above Banks in India that offers Gold Loan features.

  • What is Gold Loan Interest Rate in Federal Bank?

The Interest Rate for the Gold Loan in Federal Bank is 7.25% per annum.

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

The per gram Gold Loan in Federal Bank that you can get depends on the abstention of your gold. Federal Bank absitively to apply for the gold of abstention amid 18 carats to 22 carats to action a Gold Loan. You can account up to ₹ 5,219 Per Gram in Federal Bank Gold Loan.

  • How to check Gold Loan status in Federal Bank?

To analysis your Federal Bank Gold Loan cachet all, you charge to do is appointment the Federal Bank Loan Cachet Tracker web folio and ample your capacity in the anatomy accustomed there. You can clue the cachet resourcefully of your Loan from the abode and break updated.

  • How to calculate Gold Loan Interest in Federal Bank?

You can Calculate the absorption on your Federal Bank Gold Loan application Loannow EMI Calculator which gives you adequate amounts based on the advice you access into the calculator.

  • How to Pay Federal Bank Gold Loan Interest Online?

You can pay Federal Bank Gold Loan absorption online through net Banking on the official Federal Bank Loan advantage web folio. Or you can additionally acquittance your Federal Bank Gold Loan on Paytm application your called acquittal process.

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

If you do not pay your Gold Loan for three months, firstly the Bank will admonish you of your due payments. And afterwards, that, If the acquittal requests go abandoned an accustomed acknowledged apprehension is beatific ambitious the advantage and to the accomplishment of the loan. Non-payment on your Gold Loan will advance to an abbreviating of your acclaim account and additionally makes you accurately answerable to face acknowledged accomplishments by the Bank as able-bodied as access and bargain of your gold.

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

You can administer for an EMI Moratorium on Federal Bank Gold Loan now amid 1st March and 31st August 2020 and has to be done by communicating the Bank’s chump affliction or by visiting the abutting Federal Bank branch.