Indian Bank Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Indian Bank Gold Loan Key Features

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

Advantages of Indian Bank Gold Loan:

  • Quick approval: Disbursement of advance in Indian Bank is in just 60 minutes with a quick and hassle-free process.
  • Efficient servicing: The process is completed with minimal paperwork as important documents are accepted by Indian Bank.
  • Advance Given: The loan amount is Rs. 15000 maximum and for rural areas, it is 10000 Rs. in Indian Bank.
  • Tenure of Loan: Advance can be availed to the customers for 3 months to 2 years in Indian Bank. Hence, according to the interest, you can wish.
  • Prepayment: Borrowers can refund the loan amount in Indian Bank before the comp0letion of tenure without worrying about charges.
  • Collateral Held securely: In an Indian Bank gold loan, there is no need for any security against the gold. It can be kept in fire-resistant areas.
  • Agricultural Benefits: It gives the interest at reasonable prices as compared to the other loans in Indian Bank.
  • No Income Control: Applicants can avail of a gold loan without a doubt, it doesn’t matter what your income is, the gold is what matters to the Indian Bank.

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

Indian 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

 

Indian Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Indian 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)

 

Indian 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 Indian Bank Gold Loan

Indian Bank Gold Loan is a trusted gold loan provider. the borrower retains gold under the bank’s custody. Indian Bank is a public sector bank and was set up in 1907 and its headquarter is in Chennai, India. It has privileged many needful people and ended them the huge sum in the account of their gold usage properly. It is a highly respectable funding organization with stunning monetary serviceability.

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

Types of Indian Bank Gold Loan

  • Loan Against Gold – Indian Bank provides loans against gold at a reasonable interest rate so that the bank can supply you with a huge sum to meet the needs of personal and professional interests. It is of no comparison to other banks with its greatest financing services.
  • Loan Against Gold for Agriculture – Indian Bank provides Gold Loans to the peasants at a minimum rate of interest along with the interesting offers. The borrowers are asked to provide the land affirmations to take loans.

Indian 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 Indian Bank Gold Loan EMI?

  • Standing Instruction (SI): If you present your account with Indian Bank then the Standing Instruction is the dependable and constant method for repayment. You can automatically get your EMI credited from this account.
  • Electronic Clearing Service (ECS): This is a valid platform if you have a non-Indian bank account and you want your EMI to be owed from the current account.
  • Post-Dated Checks (PDC): You can submit Post-dated EMI analyzes from a non-Indian Bank statement at your closest Indian Bank Loan Center. A new version of PDCs should be conferred immediately.

Indian Bank Gold Loan Contact Number

Call 9878981144 and get instant aid regarding Indian Bank Gold Loan.

Gold Ornaments Accepted by Indian Bank

  • Gold Jewellery:  For example,  Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are agreed by Indian Bank for availing a Gold Loan.
  • Quality: The quality of pure gold should be rea and should lie between 18 Carat to 22 Carat.

Use of Indian Bank Gold Loan:

  • Trust earned from the Indian Bank Gold Loan can be utilized for fulfilling individual challenges.
  • Business projects can be completed by using the capital obtained.
  • Cultivators are benefited from this huge sum as they have to achieve various agricultural targets.

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 Indian Bank Gold Loan

  • What is Indian Bank Gold Loan?

Indian Bank Gold Loan aids you in gaining credit against gold gems. Gold loans are nominal and affordable as compared to other loans.

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

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

  • What is Gold Loan Interest Rate in Indian Bank?

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

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

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

  • How to check Gold Loan status in Indian Bank?

The tracker website page is available for the applicants to check their gold loan status in Indian banks or you can just lead your way to the nearest branch of the bank.

  • How to calculate Gold Loan Interest in Indian Bank?

For calculating gold loan interest in Indian Bank based on your entered data you can use the EMI calculator.

  • How to Pay Indian Bank Gold Loan Interest Online?

You can pay Indian Bank Gold Loan interest online through net banking or you can also repay your Indian Bank Gold Loan on Paytm using your preferred payment method.

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

In case you haven’t paid interest on Indian Bank Gold Loan for 3 months, legitimate activities will be done against you and your gold embellishments will be in Indian Bank custody.

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

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