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Kotak Mahindra Bank Gold Loan

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    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 10% to 17% per annum
    Kotak Mahindra Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 3000
    Kotak Mahindra Bank Gold Loan Processing Fee 2% of the Principal Loan Amount
    Kotak Mahindra Bank Gold Loan Prepayment Charges Bullet loan – 2% up to 6 months

    EMI loan – 2% up to 9 months

    OD – Nil

    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:


    18-70 years of age



    Employment Status

    Salaried, Self-Employed

    Gold Quality

    Minimum 18 Carats


    Kotak Mahindra Bank Gold Loan Documents Required:


    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 is 10% to 17% per annum
    • Kotak Mahindra Gold Loan Per Gram is ₹3000
    • Kotak Mahindra Gold Loan Tenure: Up to 24 months
    • Kotak Mahindra Gold Loan Processing Fee is Up to 2% 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 a non-Kotak Mahindra account and 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.


    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 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 10% to 17% 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 the bank authorities.

    • 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.