Allahabad Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Allahabad Bank Gold Loan Key Features

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Allahabad Bank Gold Loan Interest Rate 7.0% per annum
Allahabad Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,268
Processing Fee 1.50% of the Principal Loan Amount
Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure 3 Months to 24 Months
Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Allahabad Bank Gold Loan

  • Fast Process: Allahabad Bank Gold Loan is permitted and disbursed very speedily and effortlessly. The loan gets accepted in an hour.
  • Fewer Documents: The documentation procedure is direct; few documents are required for the Allahabad Bank gold loan.
  • Transparent System: The Allahabad bank offers full transparency to the client; that is, there are no hidden charges.
  • Amount of Loan: The least amount of loan that Allahabad Bank offers to the client is Rs. 15000. Also, it can be less than Rs 10000 in rural areas.
  • Safety of Jewelry: One important thing to note is that the bank is responsible completely for the safety of your gold. Thus, the gold is kept in fire-resistant protection.
  • Loan Tenure: The time period of the loan can be from 3 months to 2 years. Hereafter, you can choose your comforts accordingly.
  • Benefits for Farmers: Allahabad bank provides some special offers for farming purposes. Allahabad Bank offers a minor Gold Loan interest rate for Gold Loan for agricultural purposes.
  • No Debt Burden: There can be conditions like in which an applicant is not able to repay the loan amount in such kind of a case the applicant will not be under debts as the bank will only seize the ornaments.
  • No Income bounds: There are no limitations on the salary or income of the applicant; hence, anyone with any income range can apply for a gold loan.

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

Allahabad 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

Allahabad Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Allahabad 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)

 

Allahabad Bank Gold Loan Interest Rate, Fees and Charges

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 Allahabad Bank Gold Loan

Life is full of worries and hurdles. Thus, you may need money to deal with the financial crisis in your life. In that case, you can get a Gold Loan to fight with the economic crisis. A gold loan is a protected loan. Therefore, people with low CIBIL score can also quickly apply for this service. Allahabad Bank Gold Loan is one of the outstanding gold loans in India.
Although there is a lot of financial banking and non-banking industries that offer you the gold loan, Allahabad Bank Gold Loan is considered the best. Allahabad Bank was set up in 1864. It is one of the reputed and trustable banks in India. Also, it is known for its brilliant economic facility. Here the transactions are very safe. Allahabad Bank Gold Loan Interest Rate is 7.0% per annum.

  • Allahabad Bank Gold Loan Per Gram is ₹ 5,268
  • Allahabad Gold Loan Tenure: Up to 24 months
  • Allahabad Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST.

Types of Allahabad Bank Gold Loan

Allahabad Bank offers various schemes attached to the Gold Loan product, which are listed below:

  • Loan Against Gold – Allahabad Bank provides Gold Loan at attractive rates of interest to fulfil anyone’s desired need for funds for any purpose, whether personal or professional. The gold loan is fully secured in the form of loans, and therefore, the Bank has no risk in lending the amount to the applicant, so it is provided at a lower rate of interest when compared to other forms of Loan products.
  • Loan Against Gold for Agriculture – Allahabad Bank provides Gold Loans specifically for agriculture purposes to farmers at a special rate of interest as compared to gold loans given for other uses. They are given special offers, and while taking the loan, you need to give the documents of Land proofs to the Bank.

Allahabad 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 Allahabad bank Gold Loan EMI?

Your Allahabad gold advance can be refunded in the following three different ways.

  • Standing Instruction (SI): If you are an existing account holder with Allahabad Bank, Standing Instruction is the most reliable way of compensation. Your EMI amount will be credit automatically towards the end of the month to month period from the Allahabad Bank account you show.
  • Electronic Clearing Service (ECS): The program can be applied if you have a non-Allahabad Bank record and might need your EMIs to be deducted subsequently near the end of the month to month cycle from the account.
  • Post-Dated Checks (PDC): You can present post-dated EMI analyses from a non-Allahabad Bank statement at your closest Allahabad Bank Loan Centre. A new version of PDCs should be present instantly. It will be useful if you note Post Dated Checks will be collect non-ECS states as it were.

Allahabad Bank Gold Loan Contact Number

Call 9878981144 And get instant support and approval for your Allahabad Bank Gold Loan. You can now know the best offers on Gold Loan available from all the Allahabad Bank Branches throughout the country to apply for the best deal appropriate to your needs.

Gold Ornaments Accepted by Allahabad Bank

  • Gold Jewelry: Allahabad Bank accepts gold Jewelry such as Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these 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, cannot be used for availing a gold loan.

Use of Allahabad Bank Gold Loan

The funds that acquired by availing the Allahabad Bank Gold Loan service can be used for various purposes like:

  • To fund any particular investments such as a wedding, hiking, instalment of higher tuition fees, etc.
  • For all your marketing requirements, such as buying fresh supply, developing marketing, etc., loan services are available.
  • You can additionally apply for a Gold Loan for agricultural ideas. The bank gives lower prices of interest for Gold Loans that are used for farming or related projects.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%

 

allahabad bank gold loan

FAQs About Allahabad Bank Gold Loan

  •  What is Allahabad Bank Gold Loan?

Allahabad Bank Gold Loan is a loan scheme that you can avail for urgent financial help by keeping your gold as collateral security with the bank. It also comes with great interest rates on Term Loan, Overdraft, and EMI based loan. The average Gold Loan disbursal time at Allahabad is just 45 minutes.

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

You can get Allahabad Gold Loan by visiting any of the gold loan offering branches of Allahabad, or you can apply online with Bookmyloan from the comfort of your home and get the best deals and offers. Allahabad is one of the leading banks in India that provides Gold Loan service.

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

The per gram Gold Loan in Allahabad Bain the form you can get depends on the purity of your gold. Allahabad Bank accepts gold of purity between 18 carats to 22 carats to provide a Gold Loan. You can avail up to ₹ 5,268 Per Gram in Allahabad Gold Loan.

  •  What is Gold Loan Interest Rate in Allahabad Bank?

The Gold Loan interest rate in Allahabad Bank is 7.0% per annum. The rate of interest depends upon several factors, namely: loan amount, loan tenure, purity of gold, and relationship with Allahabad bank.

  •  How to check Gold Loan status in Allahabad Bank?

To check your Allahabad Bank Gold Loan status all, you need to do is visit the Allahabad Bank Loan Status Tracker web page and fill in your details in the form given. You can effortlessly track the status of your loan from anywhere and stay updated.

  •  How to calculate Gold Loan Interest in Allahabad Bank?

You can calculate the interest on your Allahabad Gold Loan using bookmyloan EMI Calculator which gives you exact amounts based on the information you enter into the calculator.

  • How to Pay Allahabad Bank Gold Loan Interest online?

You can pay Allahabad Bank Gold Loan interest online through net banking on the official Allahabad Bank Loan repayment web page, or you can also repay your Allahabad Bank Gold Loan on Paytm using your selected payment method.

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

If you do not pay your Allahabad Bank Gold Loan for 3 months, the bank at first will give reminders to you of your pending dues. If the payment requests go unheard, an official legal notice is sent demanding the repayment and closure of the loan. Defaulting on your Gold Loan results in a decrease of your credit score and also makes you responsible to face legal actions by the bank along with seizure and auction of your gold.

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

You can easily apply for EMI Moratorium on Allahabad Bank Gold Loan now between 1st March to 31st August 2020, and it has to be done by contacting the Bank’s customer’s care or by visiting the nearest Allahabad Bank branch.