Karnataka Bank Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Karnataka Bank Gold Loan Key Features

Karnataka Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Karnataka Bank Gold Loan Interest Rate 7.25% per annum
Karnataka Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,291
Karnataka Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Karnataka Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Karnataka Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Karnataka Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Karnataka Bank Gold Loan:

  • Quick Approval: Karnataka Bank Gold Loan gives instant approval with easy assistance. The credit gets passed in 60minutes.
  • Lesser Documents: The documentation process of Karnataka Bank is very less and straight.
  • Fine Structure: The Karnataka bank has some transparency that it doesn’t charge any covered fees.
  • Amount of Loan: The quantitative amount in Karnataka bank given to the customers is Rs. 15000, and for the people associating from rural areas is Rs. 10000.
  • Safety of Jewellery: The protection of gold gems are in the hands of the Karnataka bank. It should be safe and secure from flame-catching areas.
  • Loan Tenure: The interval for availing loan in Karnataka Bank is between 3 months to 2 years. It is entirely on the people when they feel the need.
  • Advantages for Farmers: Karnataka Bank brings up special offers for the peasants to perform agricultural activities.
  • No Debt Burden: The applicants won’t be charged under debt if they are unable to repay the amount of Karnataka Bank.
  • No Income Bonds: The income of the applicant can be less or more because the Karnataka bank does not avail loans on this basis.

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

Karnataka 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

 

Karnataka Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Karnataka 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)

 

Karnataka 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 Karnataka Bank Gold Loan:

Gold Loan is the loan that is provided facing the gold gems. It comprises the gold adornments of the borrower that the bank holds in exchange for lending sum. This is done for the profit of the borrower. Karnataka Bank is the best finance you can take the aid of if you are in demand of executing urgent expenses. Consumers avail of Karnataka Bank Gold Loan with a reasonable banking rate. It is a respected gold loan provider compared to another form of loans.

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

Types of Karnataka Bank Gold Loan

Karnataka Bank defies distinct plans attached to the Gold Loan product which are indexed below:

  • Loan Against Gold – Gold Loan know for a loan of assurance provides a plausible rate of interest to the applicants who are willing to gratify their budgetary needs as of a person or an expert. Karnataka Gold Loan alters from another form of loans in particulars regarding the banking rate. The bank has no concern in lending sum to the meagers as it offers interest at a minimal rate.
  • Loan Against Gold for Agriculture – Karnataka Bank provides Gold Loans respectively for agrarian goals to farmers at an exclusive banking rate as compared to gold loans given for various other requirements. They are provided special offers and you have to hand in the bank Land credentials for which you are taking the Loan.

Karnataka 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 Karnataka Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are a current account holder with Karnataka Bank, Standing Instruction is the preferred repayment method. Your EMI amount will be credited naturally towards the month to month end cycle from the Karnataka Bank account you show.
  • Electronic Clearing Service (ECS): This operation is used if you have a non-Karnataka Bank record and must belonging for your EMIs to be charged monthly from this account.
  • Post-Dated Checks (PDC): You can air post-dated EMI appraisal from a non-Karnataka Bank statement at your closest Karnataka Bank Loan Center. New PDCs should be presented immediately.

Karnataka Bank Gold Loan Contact Number

Call 9878981144 for minute help regarding Karnataka Bank Gold Loan.

Gold Ornaments Accepted by Karnataka Bank

  • Gold Jewellery:  Karnataka Bank agrees for loaning huge sum for gold ornaments like Gold bangles, Gold anklets, etc.
  • Quality: The quality of gold should be real between 18 Carat to 22 Carat.

Use of Karnataka Bank Gold Loan

The funds collected by availing the Karnataka Bank Gold Loan service can be utilized for several reasons-

  • Karnataka bank amount can be used to fund any personal economic needs such as a wedding, traveling, higher education.
  • For all your commercial experiences, such as buying original stock, developing markets, etc., the Karnataka  Bank gold 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 Karnataka Bank Gold Loan

  • What is Karnataka Bank Gold Loan?

Karnataka Bank Gold Loan avail loan against gold gems at an attractive interest rate.

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

You can get Karnataka Bank Gold Loan by visiting any of the gold advance centers of Karnataka Bank else you can apply online with loannow .

  • What is Gold Loan Interest Rate in Karnataka Bank?

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

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

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

  • How to check Gold Loan status in Karnataka Bank?

The tracker website page is available for the applicants to check their gold loan status in Karnataka bank or you can just visit the nearest branch of the Karnataka bank.

  • How to calculate Gold Loan Interest in Karnataka Bank?

Calculative discussions regarding Gold Loan Interest in Karnataka Bank can be done using an EMI calculator.

  • How to Pay Karnataka Bank Gold Loan Interest Online?

You can pay Karnataka Gold Loan interest online through net banking on the formal Karnataka loan compensation home page or by choice, you can also refund your Karnataka Bank Gold Loan on Paytm.

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

In case you haven’t refunded interest on Karnataka Gold Loan for 3 months, you are requested for paying the pending dues in the beginning. But if the hearing remains unheard then Karnataka bank will officially put the legal charges on you and will confiscate the ornaments.

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

Applying for EMI Moratorium on Karnataka Bank Gold Loan in the middle of first March and 31st August 2020 and must be finished by contacting the Bank client care or visiting the closest Karnataka Bank office.