Induslnd Bank Gold Loan

Gold Loan at 7.25% p.a

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Induslnd Bank Gold Loan Features

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

Advantages of Induslnd Bank Gold Loan:

  • Fast processing: The approval and disbursement phase of the Induslnd Bank Gold Loan is swift and transparent. Usually, in an hour, the loan passes.
  • Low-interest rate: The interest rate for gold loans is much lower compared to other loans because it is a secured loan.
  • Minimum Document: The documentation process is simple and straightforward; the minimum number of documents is required for the Induslnd Bank gold loan to be accepted.
  • Transparent system: We do not levy secret charges for loans. These are the priorities of a bank.
  • Loan Sum: The minimum amount of loan available to customers is Rs. 15000. Often, it can be less than Rs 10000 in remote areas.
  • Jewellery Security: We are responsible for your jewellery care. In fireproof vaults, therefore, the gold is contained.
  • Loan tenure: The tenure of gold loans can be from 3 months to 2 years. You can make a choice for tenure, as per your comfort.
  • Benefits for farmers: The Induslnd Bank provides several special offers for agricultural purposes. This means that the bank is providing a slightly lower interest rate to farmers on gold loans for agricultural use.
  • No Debt Burden: In such a situation where the bank will only seize the ornaments held by you, we are mindful that there might be occasions where a borrower is unable to pay for the loan sum, the lender will not be under debt.
  • No income limits: there are no such limits on the salary or income of the lender; hence, anybody with any income range may use a gold loan at any time.

How Much Gold Loan can I Get through Induslnd Bank Gold Loan:

Induslnd 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

Induslnd Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Induslnd 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)

Induslnd 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 Induslnd Bank Gold Loan:

If you face financial difficulties, defeat your crisis with the most reasonable solution, the Gold Loan. The loan issued for gold is known as the Gold Loan. With the lender as collateral, the borrower keeps his gold ornaments and takes the cash. Get prompt approval and a process free of hassle. Accessible with records that are convenient. A loan which is covered is a gold loan. This service can also also be used conveniently by individuals who have a low CIBIL score.

Nevertheless, though there are a variety of financial banking and non-banking firms that provide you with a gold loan service, Induslnd Bank Gold Loan is the most taken into consideration. It is one of the most reputed and reliable banks in India. It is also known for its extraordinarily good financial services. So, apply for the Induslnd Bank Gold Loan and take advantage of the best offers on your item.

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

Types of Induslnd Bank Gold Loan:

Induslnd Bank offers various product-related Gold Loan schemes, which are listed below:

  • Loan Against Gold – Induslnd Bank offers gold loans at interest rates for any reason, whether personal or technical or not, to meet the dire requirement of funds. The gold loan is certainly a secured loan then; the bank has no risk of granting the amount to the individual, so it is issued at a lower rate of interest compared to various types of loan merchandise.
  • Agriculture Loan Against Gold – Induslnd Bank specifically provides farmers with gold loans for agricultural functions at a specific interest rate compared to gold loans for other different uses. Special deals are given to them, and they can turn out documentation of the bank land for which they are taking the loan.

Induslnd 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 Induslnd Bank Gold Loan EMI?

Your Induslnd Bank gold loan is normally repaid using the following three alternative methods:

  • Standing Instruction (SI): Standing Instruction is the simplest and most reliable payment form if you are currently an account holder with the Induslnd Bank. Your EMI number is automatically credited at the end of the month to month number from the Induslnd Bank bank account you show.
  • Electronic Clearing Service (ECS): Typically, if you have a non-Induslnd Bank record, this payment method is used, and you want your EMIs to be debited from the account you report to us near the decline of the month-to-month process.
  • Post-Dated Checks (PDC): You can show your post-dated EMI reports from a non-Induslnd Bank financial statement at your nearest Induslnd Bank Loan Centre. There is a need to rapidly grant a different edition of PDCs. If you note that Post Dated Checks are progressing because it was, it would be fine to collect non-ECS states.

Induslnd Bank Gold Loan Contact Number:

Call 9878981144 to obtain immediate assistance and authorization for your Gold Loan from Induslnd Bank. You can easily get to know the most successful Gold Loan deals out there from all Induslnd Bank branches around the globe to use the most productive offer applicable to your wishes.

Gold Ornaments Accepted by Induslnd Bank :

  • For example, gold jewellery, gold bracelets, gold bands, gold anklets, gold collars, etc. The Induslnd Bank is buying all these ornaments for a gold loan.
  • Quality: The gold quality must vary between 18 and 22 carats. Any gold decoration that is 24 carats can not be used while applying for a gold loan.

Use of Induslnd Bank Gold Loan:

For several reasons, the funds raised by the use of the Induslnd Bank Gold Loan service can be used, such as:

  • To fund certain personal investments, such as marriage, hiking, higher fees for tuition, etc.
  • For all of your marketing initiatives, such as getting supplies, designing, promoting, etc., loan programmes are still available.
  • Furthermore, for agricultural ideas, you can also gain from a Gold Loan. The bank has lower gold loan interest rates that are used for farming or 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 Induslnd Bank Gold Loan:

  • What is Induslnd Bank Gold Loan?

The Induslnd Bank Gold Loan is a form of loan that can only be used for essential financial support by keeping your gold as collateral with the bank. Term Loan, Overdraft, and EMI interest rates dependent predominantly on loans are also included. The average Gold Loan disbursement time in India is only 45 minutes.

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

You can get an Induslnd Bank Gold Loan by visiting any of India’s gold loan approving branches; otherwise, from the comfort of your home, you can apply online with LoanNow and get the best deals and offers. It is one of the few leading banks in India providing Gold Loan facilities.

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

The gold loan rate in India is 7.25 per cent per annum. In general, the interest rate depends on a variety of components, such as the amount of the loan, the tenure of the loan, the pureness of gold, and your bank relationship.

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

The gold credit you receive at the Induslnd Bank per gramme depends on the purity of your gold. The Induslnd Bank accepts gold of purity between 18 carats and 22 carats and offers a gold loan. You could use up to 5,219 per gramme on the Induslnd Bank Gold Loan.

  • How to check Gold Loan status in Induslnd Bank?

To evaluate your Induslnd Bank Gold Loan status, you just need to go to the Induslnd Bank loan status tracker web page and fill in your details with the application issued. You can control your loan’s status directly from anywhere and keep it updated.

  • How to calculate Gold Loan Interest in Induslnd Bank?

You can measure the interest on your Induslnd Bank Gold Loan interest via the LoanNow’s EMI Calculator, which gives you correct amounts based on the details you enter into the calculator.

  • How to Pay Induslnd Bank Gold Loan Interest Online?

You can easily pay Induslnd Bank Gold loan interest online through internet banking on the official Induslnd Bank loan repayment website or else; you could also repay your Induslnd Bank Gold loan on Paytm using the most preferred payment form.

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

If you do not pay the Induslnd Bank Gold Loan within three months, the bank will first notify you of your incomplete contributions. If the payment requests go unanswered, a formal legal notice regarding the repayment and termination of the loan is distributed. Defaulting on your gold loan leads to a decline in your credit score which allows you to face legal action by the bank, along with the confiscation which sale of your gold.

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

You can currently apply for an EMI moratorium on the Induslnd Bank Gold Loan between 1 March and 31 August 2020 and must do so by contacting the Bank’s customer service department or by visiting the nearest branch of the Induslnd Bank.