IDFC Bank Gold Loan

IDFC Bank Gold Loan Features

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

Advantages of IDFC Bank Gold Loan:

• Quick Approval: IDFC Gold Loan provides the best customer service. Advance to be submitted in an hour.
• Lesser Documents: The documentation process of IDFC Bank is authentic. No unnecessary documents to be presented.
• Fine Structure: The IDFC bank takes no hidden fees from the customers because of its transparent system.
• Amount of Loan: The quantitative amount given in IDFC to is Rs. 15000, and for the people belonging to rural areas is Rs. 10000.
• Safety of Jewellery: The protection of gold gems IDFC bank’s responsibility. It should be safe and secure from flame-catching areas.
• Loan Tenure: The tenure period of the loan is from 3 months to 2 years. It depends on the applicants’ requirement of cash.
• Advantages for Farmers: IDFC Bank brings up extraordinary offers for the peasants to perform agricultural activities.
• No Debt Burden: The IDFC Bank won’t declare applicants under debts if they are unable to repay the amount.
• No Income Bonds: Income is not the basis of IDFC Bank loan sanctioning services.

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

IDFC 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

 

IDFC Bank Gold Loan Eligibility:

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality	Minimum 18 Carats

 

IDFC 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)

 

IDFC 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 IDFC Bank Gold Loan:

IDFC Bank is an Indian banking institute that was incorporated on October 1. It is the most reliable financing institution that grants exceptional services to the people who pledge their gold jewelry to the bank in fond of money. The bank takes complete responsibility for gold and provides gold loans at a low-interest rate.

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

Types of IDFC Bank Gold Loan

• Loan Against Gold – Gold Loan know for a loan of assurance provides an engaging banking rate to the applicants who wish to achieve their short-term and long-term needs. IDFC Gold Loan is different from other forms of loans regarding the banking rate. The bank shows no concern in lending a handsome amount to the meagers as it offers interest at a minimal rate.
• Loan Against Gold for Agriculture – IDFC Bank provides Gold Loans for floricultural activities to farmers at an exclusive banking rate as compared to gold loans given for various other requirements. They are given profit-making offers and you have to hand the bank Land credentials for which you are taking the Loan.

IDFC 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 IDFC Gold Loan EMI?

• Standing Instruction (SI): If you a current member of IDFC bank and you want your EMI to get credited from the current account then Standing Instruction is the trustworthy method for refund.
• Electronic Clearing Service (ECS): This program is valid if you have a non-IDFC account and you might need to debit your EMI from the present account.
• Post-Dated Checks (PDC): You can revise the post-dated EMI appraisal from a non-IDFC Bank statement at your closest IDFC Bank Loan Center. A new version of PDCs should be presented immediately.

IDFC Bank Gold Loan Contact Number

Call 9878981144 and get your issues solved with the bank. Any problem related to IDFC Bank Gold Loan is taken into view.

Gold Ornaments Accepted by IDFC Bank

• Gold Jewellery: IDFC Bank agrees to loan handsomely on gold ornaments like Gold bangles, Gold anklets, etc.
• Quality: The quality of gold should be real and must be in the given number 18 Carat to 22 Carat.

Use of IDFC Bank Gold Loan

• To fund any personal economic needs and adventures such as a wedding, traveling, higher education, and climbing respectively.
• For your commercial experiences, such as buying original stock, developing markets, etc., the loan is applicable.
• You can avail of a Gold Loan for horticultural benefits. The bank gives less rate of interest for Gold Loans that are useful for agricultural associated 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 IDFC Bank Gold Loan

• What is IDFC Bank Gold Loan?

IDFC Bank Gold Loan is a loan service where gold is kept at a bank in account of gaining loan so that an individual can gratify their long-term and short-term desires, the loan is given for a certain period and is provided at a low banking rate.

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

Keeping in mind the customers’ convenience, we provide online service at the loannow website or if you are comfortable visiting the nearest branch of the bank, it is excellent.

• What is Gold Loan Interest Rate in IDFC Bank?

The Gold Loan interest rate of IDFC Bank is 7.25%.

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

You can get Rs. 5,219 Per Gram in IDFC Bank.

• How to check Gold Loan status in IDFC Bank?

Checking Gold Loan status is of not a big issue, dwell on the online tracker webpage of IDFC Bank Gold Loan or visit the nearest branch of the particular bank.

• How to calculate Gold Loan Interest in IDFC Bank?

EMI Calculator is useful for an applicant to get accurate sums according to data entered.

• How to Pay IDFC Bank Gold Loan Interest Online?

IDFC Bank Gold Loan Interest can be paid online by using various payment methods. It can be Paytm or other paying modes.

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

Customers are not excused if they haven’t paid the interest, the bank will warn them for once if the appeal goes unheard, then the IDFC bank will be forced to take legal actions.

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

Applying for EMI Moratorium on IDFC Gold Loan is a piece of cake. An applicant is required to put their steps at the closest branch of IDFC Bank or can contact the customer care of the credit instructor.