Indian Overseas Bank Gold Loan

Indian Overseas Bank Gold Loan Key Features

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

Indian Overseas Bank Gold Loan Eligibility:

In Indian Overseas Bank the gold loan has different eligibility criteria. And these are different for different banks. In Indian Overseas bank the gold loan has different eligibility criteria based on the gold loan amount. The eligibility criteria for the Indian Overseas Bank are:

Indian Overseas Bank Gold Loan Documents Required:

In Indian Overseas bank there are many documents required and these documents include your identity proof, proof of address and bank transactions. These are very important in the Indian Overseas Bank for a Gold loan.

Indian Overseas Bank Gold Loan Interest Rate, Fees, and Charges:

In Indian overseas bank, the gold loan can be availed by interest rates. And these interest rates are based on gold loan availability, gold rates and many other things. These are some of the documents required for the Indian overseas bank. The documents required for Indian Overseas bank for gold loan are;

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:

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.

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. Interest rates for the gold loan in Indian overseas bank depends on the  gold rates.

• 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.