Bharatiya Mahila Bank Gold Loan Key Features
| Bharatiya Mahila Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Bharatiya Mahila Bank Gold Loan Interest Rate | 7.0% per annum |
| Bharatiya Mahila Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,268 |
| Bharatiya Mahila Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Bharatiya Mahila Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Bharatiya Mahila Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Bharatiya Mahila Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Bhartiya Mahila Bank Gold loan:-
- Rapid Procedure: Waiting for a long time in a queue is frustrating. Bhartiya Mahila Bank has a solution for this, you can apply for a gold loan at this bank as it performs the work rapidly and smoothly.
- Fewer Records: Bhartiya Mahila Bank requires fewer records for availing the gold loan. It needs significant documents of an applicant.
- Fine Structure: There is no such system of charging extra amounts from the applicant. Bhartiya Mahila Bank has a transparent system having no supplementary charges.
- The volume of Credit: Bhartiya Mahila Bank provides Rs. 15000 as a minimum measure of loan. Additionally, it lessens the amount to 10000 Rs. in rustic areas.
- Security of Ornament: No worries regarding the safety of Jewelries, Bhartiya Mahila Bank provides well-being of your ornaments with full responsibility. Also, it protects the gold from fire.
- Loan Tenure: The loan tenure of Bhartiya Mahila Bank is from 3 months to 2 years. The applicant can prefer as per their delight.
- Advantageous for agriculturalists: The bank proposes special offers for agricultural purposes. It gives gold loan interest slightly at a low-interest rate.
- No Debt Burden: There is no need to concern about debt if the applicant is not able to repay the amount. The bank will only clutch the jewels.
- No Salary Bounds: It is acceptable to the bank if you do not earn more income. The bank will avail loans to everyone earning less or high income.
How Much Gold Loan can I Get through Bhartiya Mahila Bank Gold Loan:
Bhartiya Mahila Bank Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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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 |
Bhartiya Mahila Bank Gold Loan Eligibility:
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Bhartiya Mahila 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) |
Bhartiya Mahila Bank Gold Loan Interest Rate, Fees, and Charges:
Mainly, availing loans in a change of gold is beneficial as it charges a low-interest rate because of the categorization under a secured loan. Remarkably, the gold loan offers interest at low rates related to other forms of loans.
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 Bhartiya Mahila Bank Gold Loan:
Overcome your financial crisis with Bhartiya Mahila Bank. It aids you to face your economic hurdles easily. Gold Loan is a secured loan and Bhartiya Mahila Bank is an eminent gold loan distributor and serves the best deals on your product. We come across various economic funding and non-economic funding organizations, among which Bhartiya Mahila Bank suffices the great gold loan utility. It is the utmost reckoned and reliable bank in India. Likewise, it provides outstanding monetary services.
- Bhartiya Mahila Gold Loan Interest Rate is 7.0% per annum
- Bhartiya Mahila Gold Loan Per Gram is ₹ 5,268
- Bhartiya MahilaGold Loan Tenure: Up to 24 months
- Bhartiya Mahila Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Bhartiya Mahila Bank Gold Loan:
Numerous strategies are proposed by Bhartiya Mahila Bank given below-
- Loan Against Gold – Bhartiya Mahila Bank gives gold loans at a pleasing rate of interest to satisfy the needs of the applicants. A gold loan known as a secured loan persuades the bank to impart the amount to the candidates without any worries and it is given at least-interest rates in comparison to different loan forms.
- Loan Against Gold for Agriculture – Bhartiya Mahila Bank gives loan to farmers or agricultural associated purposes with exclusive offers. They are facilitated with these offerings keeping in mind to give evidence for taking the loan for the land.
Bhartiya Mahila 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 Bhartiya Mahila Bank Gold Loan EMI?
You can repay your Bhartiya Mahila Bank Gold Loan EMI in three different manners-
- Standing Instruction (SI): Being a current holder of Bhartiya Mahila Gold Loan, the most dependable process is Standing Instruction. EMI account will automatically be credited towards the ending month from this account.
- Electronic Clearing Service (ECS): This program can be taken in use if you a non-Bhartiya Mahila Bank account holder, and you want your EMI to be debited from the current account monthly.
- Post-Dated Checks (PDC): Analyze your Post Dated EMI in the nearest Bhartiya Mahila Bank loan center. Get a new version of PCDs from this account.
Bhartiya Mahila Bank Gold Loan Contact Number:
Dial 9878981144 for more knowledge of Bhartiya Mahila Bank Gold Loan.
Gold Ornaments Accepted by Bhartiya Mahila Bank:
- Gold Jewellery- The bank accepts gold ornaments like Gold rings, Gold necklaces, etc.
- Quality: Only pure gold ornaments are acceptable to the bank. The quality of the gold should lie between 18 carats to 22 carats.
Use of Bhartiya Mahila Bank Gold Loan:
- Bhartiya Mahila funds can be used for personal means such as traveling expenses, wedding expenses.
- It can be utilized for agricultural purposes as the bank provides low interest in this field.
- It can be taken into consideration for expanding business requirements.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
7.00% – 14.50% |
|
| 7.00% – 16.10% | |
| Muthoot Finance Gold Loan |
7.00% – 24.00% |
| 7.00% – 17.00% | |
| Manappuram Gold Loan |
7.00% – 26.00% |
| 7.00% – 15.99% | |
| Bank of India Gold Loan |
7.00% – 26.00% |
| 7.00% – 13.50% | |
| IIFL Gold Loan |
7.00% – 12.00% |
| 7.00% – 14.65% | |
|
7.00% – 12.65% |
|
| Allahabad Bank Gold Loan |
7.00% – 10.45% |
| 7.00% – 15.75% | |
| PNB Gold Loan |
7.00% – 11.75% |
| 7.00% – 26% | |
| SBI Gold Loan |
7.00% – 15.99% |
| 7.00% – 15.99% | |
| UCO Bank Gold Loan |
7.00% – 26.00% |
| 7.00% – 13.50% | |
| Syndicate Bank Gold Loan |
7.00% – 12.00% |
FAQs About Bhartiya Mahila Bank Gold Loan:
- What is Bhartiya Mahila Bank Gold Loan?
Bhartiya Mahila Bank Gold Loan comes up with the plan to serve the individuals with the gold loan facilities where you have to pledge your decorations for availing the gold loan. It is the best gold loan provider with an engaging bank rate.
- How can I get the Gold Loan from Bhartiya Mahila Bank?
There are two different and easy ways fr applying for the gold loan. You can prefer online or offline methods. In the former, you have to visit the BookMyLoans website and in the later, you need to visit the closest branch of Bhartiya Mahila Bank.
- What is Gold Loan Interest Rate in Bhartiya Mahila Bank?
The Gold Loan interest rate of Bhartiya Mahila Bank is 7.0%.
- How much Gold Loan can I get per gram in Bhartiya Mahila Bank?
You are profit-driven by Rs. 5,268 Per Gram in Bhartiya Mahila Bank.
- How to check Gold Loan status in Bhartiya Mahila Bank?
Gold Loan status can be easily checked by the applicant. You need not worry, just follow the tracker page of the bank or you can lead the way to the nearest branch of Bhartiya Mahila Bank.
- How to calculate Gold Loan Interest in Bhartiya Mahila Bank Bank?
There is one of the most impressive ways of calculating Gold Loan Interest, that is; using an EMI calculator which provides accurate numbers based on your entered data.
- How to Pay Bhartiya Mahila Bank Bank Gold Loan Interest Online?
In recent times, an individual should not take stress fir paying online, there are lots of online payment methods available like Paytm or any of your preferred payment methods.
- What if I can’t pay the interest on Bhartiya Mahila Bank Gold Loan for 3 months?
It does not cause you any harm if you haven’t pay the interest for 3 months until and unless you have corrected the mistake. But if the request goes unheard, then strict action will be taken against the applicants and your gold will be confiscated.
- How can I apply for EMI Moratorium on Bhartiya Mahila Bank Gold Loan?
You can apply for EMII Moratorium between the 1st of March to 31st of August. The application must be completed either by contacting the customer care of the bank or by visiting the nearest Bhartiya Mahila Bank branch.