IDBI Bank Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

IDBI Bank Gold Loan Key Features

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

Advantages of IDBI Bank Gold Loan

  • Fast Process: IDBI Bank Gold Loan gets approved and payout easily. The loan is within an hour.
  • Minimal Documents: For IDBI Bank Gold Loan document process is straightforward and only essential documents are required
  • Transparent System: Complete clarity is provided to the customer, there are no hidden charges.
  • Amount of Loan: The least amount of loan provided to the customer is Rs. 15000. In rural areas, the minimum amount can also be less than Rs 10000.
  • Safety of Jewellery: IDBI Bank is accountable for the security of your gold. Thus, the gold is provided fireproof protection.
  • Loan Tenure: The loan is provided for the term from 3 months to 2 years.
  • Benefits for Farmers: IDBI Bank prevails some special offers for agricultural purposes. Low Gold Loan interest rate for agricultural uses are provided.
  • No Debt Burden: If in any situation the applicant is not able to pay the loan amount the applicant will not be under debts. Only the ornaments will be confiscated.
  • No Income bounds: there are no limitations on the salary of the applicant. Hence, applicants with any income level can avail a gold loan.

How much of the Gold Loan can I Get through IDBI Bank Gold Loan

IDBI 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

Call on 9878981144 to avail Best Deals and Offers on IDBI Bank Gold Loan Per Gram.

IDBI Bank Gold Loan Eligibility 

The applicants for Gold Loan are eligible only if they fulfil the following criteria:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

IDBI Bank Gold Loan Documents Required

In IDBI Bank Gold Loan minimal documentation is required to easily access to the gold loan. Listing the essential documents that are 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)

IDBI Bank Gold Loan Interest Rate, Fees and Charges

Gold is under the category of secured loans where it is used as security which is available at a low-interest rate. Therefore, the Gold Loan interest rates are more inferior than that of the personal loan or any other type of loans. The Gold Loan rate keeps on varying time to time as well as person to person.

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 IDBI 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. IDBI Bank has a skilled advanced product. Consumers avail of IDBI 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. 

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

Types of IDBI Bank Gold Loan

IDBI Bank provides specific schemes linked to Gold Loan Products that are described below:

  • Loan against Gold – IDBI Bank provides an attractive interest rate gold loan for any reason, whether personal or professional, to fulfil the immediate requirement of one’s funds. Indeed, a gold loan is a secured loan; the bank has no risk of lending money to a person, so it is given at a lower interest rate than various kinds of loan items.
  • Agriculture Gold Loans – Compared to gold secured loans given for different needs, IDBI Bank provides farmers with gold secured loans at special interest rates, especially for agricultural needs. Special offers are provided and proof should be given of the bank’s land for which it takes loans.

IDBI 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 the IDBI Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are a recent account holder with IDBI Bank, Standing Instruction is the amazingly trustworthy method to pay. Your EMI aggregate will be attributed sensibly while in transit to the month’s conclusion to the month from IDBI Bank account you show.
  • Electronic Clearing Service (ECS): The program can be helpful in the occurrence that you have a non – IDBI Bank and may require your EMIs to be charged henceforth near the most noteworthy restriction of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can introduce post-dated EMI examinations from a non-IDBI  Bank account at your closest IDBI Bank Loan Center. Another technique for PDCs ought to be available in an exact manner. It will be incredible in the sign that you note Post Dated Checks will be gathered non-ECS states typically.

IDBI Bank Gold Loan Contact Number

Call at 9878981144 to get instant help and approval for your IDBI Bank Gold Loan. You can know best offers on Gold Loan available from all the IDBI Bank Branches throughout the country to avail the best deal suitable to your needs.

Gold Ornaments Accepted by IDBI Bank

  • Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all accepted by IDBI Bank for seeking Gold Loan
  • Quality: Tthe quality of Gold should be between 18 to 22 Carat. Any 24 Carat gold ornaments cannot be used to avail a gold loan.

Use of IDBI Bank Gold Loan

The fund that is obtained by IDBI Bank Gold Loan services can be used for several purposes:

  • Fund for any particular investments such as hiking, matrimony, instalment of higher tuition payments, etc.
  • Loan services are available for marketing requirements like purchasing fresh supply, developing marketing, etc.
  • Additional Gold Loan can also be availed for horizontal ideas. the bank provides a lower rate of interest for Gold Loans that are available for farming or farming-related projects.

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 IDBI Bank Gold Loan

  • What is IDBI Bank Gold Loan?

IDBI Bank Gold Loan is a loan scheme where you can access for any emergency financial help by keeping your gold as a guarantee with the bank. It comes with engaging interest rates on Term Loan, Overdraft and EMI based loan. Average Gold Loan disbursal time is just 45 minutes.

  • How can I obtain the Gold Loan from the IDBI Bank? 

You can get IDBI Bank Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with LoanNow from anywhere and get the best deals and offers.

  • What is the Gold Loan Interest Rate in IDBI Bank?

The Gold Loan interest rate in IDBI Bank is 7.25% per annum. The rate of interest depends on various criteria namely: loan amount, loan tenure, purity of gold etc.

  • How much of the Gold Loan can I get per gram in IDBI Bank?

The value of per gram Gold Loan purely depends on the purity and quality of the gold. IDBI Bank believes gold purity between 18 to 22 carats to provide a Gold Loan. You can avail up to Rs. 5,219 per gram in IDBI Bank Gold Loan.

  • How can I check Gold Loan status in IDBI Bank?

To check the status of IDBI Bank Gold Loan you can visit IDBI Bank Loan Tracker. Fill up your particulars in the provided form. This can easily help you to track the status of your loan from anywhere at any time and keeps you updated.

  • How can I calculate Gold Loan Interest in IDBI Bank?

IDBI Bank Gold Loan interest can be calculated using LoanNow’s EMI Calculator. It gives you the accurate details based on the information the applicant enters in the calculator

  • How to Pay the IDBI Bank Gold Loan Interest Online?

IDBI Bank Gold Loan interest can be paid through net banking on the official IDBI Bank loan repayment web page or alternatively. Another mode Paytm can also be used to repay IDBI Bank Gold Loan or your preferred payment method.

  • What if I cannot pay the interest on the IDBI Bank Gold Loan for 3 months?

If the interest is not paid back for 3 months, then initially a reminder is given for your pending dues. After this, if the payment requests go ignored or unheard then an official legal notice is sent, that demands the repayment and closure of the loan. Such defaults on your Gold Loan ends up in a decrease of your credit score and also make you accountable to face legal actions by the bank which may include confiscation and auction of your gold.

  • How can I apply to the EMI Moratorium on the IDBI Bank Gold Loan?

You can apply for EMI Moratorium on IDBI Bank Gold Loan between 1st March and 31st August 2020. You can get it done by contacting the Bank Customer Care or visiting the nearby IDBI Bank branch.