Kotak Mahindra Bank Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Kotak Mahindra Bank Gold Loan Key Features

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

Advantages of Kotak Mahindra Bank Gold Loan:

  • Active Mechanism: Kotak Mahindra Gold Loan is rapidly approved and can be smoothly prepared. It proceeds in 60 minutes.
  • Lesser Documents: The Kotak Mahindra bank has minimal documentation procedures.
  • Vitreous Structure: The Kotak Mahindra bank see-through the whole system of not taking any hidden charges from the candidates.
  • Amount of Loan: The Kotak Mahindra bank gives measurable loans to the customers as Rs. 15000 and for the beings living in rural areas, it is Rs. 10000.
  • Safety of Jewellery: The Kotak Mahindra bank keeps the gold in their custody, now it is entirely Kotak Mahindra bank’s responsibility to look forward.
  • Loan Tenure: The Kotak Mahindra Gold Loan is scheduled between 3 months to 2 years. Furthermore, it is on the customers when they feel the necessity.
  • Benefits for Farmers: Kotak Mahindra Bank shares exciting offers with the agriculturalists.
  • No Debt Burden: There exist a lot many problems when borrowers are helpless to reimburse the sum, this should take a stand of putting debt charges, the bank will only seize the jewellery.
  • No Income Bounds: The salary of an applicant do not define whether they are capable to take a loan or not. Thus, everyone can avail of a gold loan in Kotak Mahindra Bank.

How Much Gold Loan can I Get through Kotak Mahindra Bank Gold Loan:

Kotak Mahindra 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

 

Kotak Mahindra Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Kotak Mahindra 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)

 

Kotak Mahindra 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 Kotak Mahindra Gold Loan:

The loan given against gold is termed as Gold Loan. Kotak Mahindra Bank serves its candidates with a speedy process of loaning and simple documentation. It charges interest at a low price. It has built its name as the best public sector bank that finances the needy people enormously. It is headquartered in Mumbai, India. It makes life so easy with funding huge amounts for the people so that they can live peacefully.

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

Types of Kotak Mahindra Bank Gold Loan

Kotak Mahindra Bank promotes various plans for a gold loan as listed below-

  • Loan Against Gold – Gold Loan know for the loan of trust provides an affordable rate of interest to the customers who are willing to fill the bill of monetary requirements. Kotak Mahindra Gold Loan differs from other types of loans in regards to the banking rate. The bank has no issues in lending sum to the necessitous as it offers interest at a lower rate.
  • Loan Against Gold for Agriculture – Kotak Mahindra Bank provides Gold Loans respectively for agrarian goals to cultivators of green at an extraordinary banking rate as compared to gold loans given for other purposes. They are inclined with special offers and you need to give the bank Land credentials for which you are taking the Loan.

Kotak Mahindra 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 Corporation Gold Loan EMI?

  • Standing Instruction (SI): If you are a current account holder of Kotak Mahindra, you can undoubtedly go for the Standing Instruction method. The Kotak Mahindra Bank will credit your EMI every month to the monthly cycle.
  • Electronic Clearing Service (ECS): This program is linked with those who have non-Kotak Mahindra account and they eagerly want their EMI to be owed from this account.
  • Post-Dated Checks (PDC): Post-dated EMI revise statements are shown from a non-Kotak Mahindra Bank statement at your closest Kotak Mahindra Bank Loan Center. A new version of PDCs should be acknowledged without delay.

Kotak Mahindra Bank Gold Loan Contact Number

Call 9878981144 and get an instant reply from us concerning Kotak Mahindra Bank Gold Loan.

Gold Ornaments Accepted by Kotak Mahindra Bank

  • Gold Jewellery:  Such as Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are permitted by Kotak Mahindra Bank for availing a Gold Loan.
  • Quality: The quality of gold should be between 18 Carat to 22 Carat. Any gold ornament which is 24 Carat, is unacceptable for availing a gold loan.

Use of Kotak Mahindra Gold Loan

The funds acquired by availing the Kotak Mahindra Gold Loan service can be utilized for several reasons-

  • To fund any individual finance such as matrimonial expenses, housing, higher education.
  • For all your business essentials, such as purchasing fresh stock, establishing markets, etc., the loan coalition is available.
  • You can avail of a Gold Loan for botanic means. The bank decreases prices of interest for Gold Loans that are useful for cultivating or related assignments.

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 Kotak Mahindra Bank Gold Loan

  • What is Kotak Mahindra Bank Gold Loan?

Kotak Mahindra Bank Gold Loan helps in getting a credit against gold gems. Gold loans are simple and reasonable as compared to personal loans.

  • How can I get the Gold Loan from Kotak Mahindra Bank?

Visit loannow for attaining a gold loan from Kotak Mahindra bank or just reach to the nearest Kotak Mahindra branch.

  • What is Gold Loan Interest Rate in Kotak Mahindra Bank?

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

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

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

  • How to check Gold Loan status in Kotak Mahindra Bank?

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

  • How to calculate Gold Loan Interest in Kotak Mahindra Bank?

EMI Calculator makes some intense quantitative decisions for Kotak Mahindra bank.

  • How to Pay Kotak Mahindra Bank Gold Loan Interest Online?

Either pay the Kotak Mahindra Bank Gold Loan Interest via net banking or Paytm.

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

The customers must pay interest on time because the non-payment situation will lead them to face legal actions taken by bank authority.

  • How can I apply for EMI Moratorium on Kotak Mahindra Gold Loan?

Applying for EMI Moratorium on Kotak Mahindra Bank Gold Loan between first March and 31st August 2020 and necessarily be completed by contacting the Bank client care or visiting the nearest Kotak Mahindra Bank office.