Indian Overseas Bank Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Indian Overseas Bank Gold Loan Key Features

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

Advantages of Indian Overseas Bank Gold Loan:

  • Quick approval: Outgoing of loan is done in an hour hurriedly and conveniently by Indian Overseas Bank.
  • Efficient servicing:  The documentation needs not much desk work as the necessary documents are acceptable by Indian Overseas Bank.
  • Advance Given: The credit can be summed up to Rs. 15000. in Indian Overseas Bank and for the people from the religious background will get Rs.10000.
  • Tenure of Loan: Loan tenure of Indian Overseas Bank is undoubtedly from  3 months to 2 years. Hence, when an application requires, it can avail for a gold loan at Indian Overseas Bank.
  • Prepayment: Borrowers can repay the loan amount in Indian Overseas Bank before tenure completed without worrying about charges.
  • Collateral Held securely: In an Indian Overseas Bank gold loan, there is no requirement of any security against the gold. It can be kept in flame-resistant areas.
  • Agricultural Benefits: Indian Overseas Bank gives interest at fair prices as compared to the other type of loans.
  • No Income Control: Applicants have no limited income strategy to follow; anyone can avail of an Indian Overseas Bank gold loan.
  • Prepayment: Borrowers can repay the loan amount before tenure gets completed and they won’t be put under debt allegations by Indian Overseas Bank.

How Much Gold Loan can I Get through Indian Overseas Bank  Gold Loan:

Indian Overseas 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 Overseas Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Indian Overseas 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 Overseas 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 Overseas Bank Gold Loan

Overcome your fiscal problems with Indian Overseas Bank Gold Loan. The borrower is allowed to avail of the loan with high funding at a low-interest rate. Indian Overseas Bank is the most considerable and reliable gold loan provider. It delivers brilliant budgeting services, and as compared to other loans, it is the most demanding funding institute.

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

Types of Indian Overseas Bank Gold Loan

  • Loan Against Gold – Indian Overseas Bank provides a credit against gold at a handsome interest rate so that the bank can foster you a huge amount to meet the needs of personal and experts. It is not comparable with other banks with its greatest financing assistance.
  • Loan Against Gold for Agriculture – Indian Overseas Bank provides Gold Loans to the peasants at a shallow rate of interest in addition to the interesting offers. The borrowers are asked to provide the land proofs that mentions the purpose.

Indian Overseas 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 Overseas Bank Gold Loan EMI?

  • Standing Instruction (SI): If you suggest your account with Indian Overseas Bank, then the Standing Instruction is the and stable mechanism for refunding. You can easily get your EMI passed from the Indian Overseas Bank account.
  • Electronic Clearing Service (ECS): This is an authentic platform if you have a non-Indian Overseas bank account and you want your EMI to be debited from the current account.
  • Post-Dated Checks (PDC): You can display Post-dated EMI evaluations from a non-Indian Overseas Bank statement at your nearby Indian Overseas Bank Loan Center. A distinct version of PDCs should be conferred timely.

Indian Overseas Bank Gold Loan Contact Number:

Call 9878981144 and let us resolve the issues if you face for Indian Overseas Gold Loan.

Gold Ornaments Accepted by Indian Overseas Bank:

  • Gold Jewellery:  For instance,  Gold Bangles, Gold bracelets, Gold anklets, Gold necklaces, etc. all of these are allowed by Indian Overseas Bank for availing a Gold Loan.
  • Quality: The quality of pure gold should be between 18 Carat to 22 Carat. It should not reach 24 carats.

Use of Indian Overseas Bank Gold Loan:

Capital obtained can be used for various reasons-

  • Money obtained from the gold loans can be of use for funding individual expenses.
  • For growing your business and buying goods for the same.
  • For cultivational activities done by the farmers or the peasants.

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 Overseas Bank Gold Loan

  • What is Indian Overseas Bank Gold Loan?

Indian Overseas Bank Gold Loan serves with the fair banking rate and quick loan sanctioning against gold.

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

You can get Indian Overseas Bank Gold Loan by visiting the nearest gold advance centre of Indian Overseas Bank, or you can apply online with loannow from the convenience of your home.

  • What is Gold Loan Interest Rate in Indian Overseas Bank?

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

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

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

  • How to check Gold Loan status in Indian Overseas Bank?

Gold Loan status in Indian Overseas Bank can be checked by visiting its tracker’s web page.

  • How to calculate Gold Loan Interest in Indian Overseas Bank?

EMI calculator can be preferred for calculating interest in Indian Overseas Bank.

  • How to Pay Indian Overseas Bank Gold Loan Interest Online?

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

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

In case you haven’t paid interest on Indian Overseas Gold Loan for 3 months, lawful actions will be done against you, and your gold embellishments will be seized.

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

If you choose to apply for EMI Moratorium on Indian  Overseas Bank Gold Loan, it can be done between first March and 31st August 2020. It must be ended by contacting the Bank customer care or visiting the closest Indian Overseas Bank office.