Federal Bank Gold Loan

Federal Bank Gold Loan Key Features

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

Advantages of Federal Bank Gold Loan

• Fast Process: Federal bank Gold Loan gets approved and payout easily. The loan is within an hour.
• Minimal Documents: For Federal bank Gold Loan document process is straightforward and only essential  documents are required
• Transparent System: Complete clarity is provided to the customer, there are no hidden charges.
• Amount of Loan: The minimum amount of loan provided to the customer is Rs. 15000. In rural areas, the minimum amount can also be less than Rs. 10000.
• Safety of Jewellery: Federal Bank is accountable for the security of your gold. Thus, the gold is provided fireproof protection.
• Loan Tenure: The loan is provided for the term from 3 months to 2 years.
• Benefits for Farmers: Federal Bank prevails some special offers for agricultural purposes. Low Gold Loan interest rate for agricultural uses are provided.
• No Debt Burden: If in any situation the applicant is not able to pay the loan amount the applicant will not be under debts. Only the ornaments will be confiscated.
• No Income bounds: there are no restrictions on the salary of the applicant. Hence, applicants with any income level can avail a gold loan.

How much Gold Loan can I Get through Federal Bank Gold Loan

Federal 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

Call on 9878981144 to avail the Best Deals and Offers on Federal Bank Gold Loan Per Gram.

Federal Bank Gold Loan Eligibility 

The applicants for Gold Loan are eligible only if they fulfil the following criteria:

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality	Minimum 18 Carats

Federal Bank Gold Loan Documents Required

In Federal Bank Gold Loan minimal documentation are required to easily access to the gold loan. Following are the list of 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)

Federal Bank Gold Loan Interest Rate, Fees and Charges

Gold as security is available at a low-interest rate because it’s under the category of secured loans. Therefore, the Gold Loan interest rates are lesser than that of the personal loan or any other type of loans. The Gold Loan rate keeps on changing time to time as well as person to person.

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 Federal Bank Gold Loan

Uncertainties are a part of life. Thus, to tackle with all the financial hurdles in your life we all need money. Where Gold Loan plays a vital role to fight with the financial crisis. Gold Loan is a secured loan. People with low CIBIL score can also have easy access to this service.  Federal Bank Gold Loan is one of the best Gold Loans in India.

Despite, there is a number of financial banking and non-banking companies that avail the gold loan, but Federal Bank Gold Loan is considered the best. Federal Bank is well-known for its brilliant financial services, as it is one of the most reputed and dependable banks in India.

• Federal Bank Gold Loan Interest Rate is 7.0% per annum
• Federal Bank Gold Loan Per Gram is ₹ 5,268
• Federal Bank Gold Loan Tenure: Up to 24 months
• Federal Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Federal Bank Gold Loan

Federal Bank provides different schemes attached to the Gold Loan product. Schemes are as follows:

• Loan Against Gold- Federal Bank provides Gold Loan at an appealing rate of interests which can actually fulfil anyone’s direct need of funds for any personal or professional reasons. Gold Loan is completely a secured form of loan where the bank has no risk in the lending amount of money to the loan seeker at a lower rate of interest as compared to the other forms of Loan products.
• Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Federal Bank Avails Gold Loan at a special rate of interest as compared to the Gold Loans which are provided for other uses. Especially offers avails and the bank need the Land proofs on which basis the loan seekers apply for Loan.

Federal 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 Federal Bank Gold Loan EMI?

Federal Bank Gold Advance can be compensated in the different following ways:

• Standing Instruction (SI): If you are an account holder with Federal Bank currently, then Standing Instructions is the most opted method of compensation. toward the end of the month period, the EMI amount will be credited from the applicants Federal Bank account the applicant shows.
• Electronic Clearing Service (ECS): This scheme is for the applicants who have a  non-Federal Bank record and the EMIs need to be debited consequently at the end of the month cycle from this account.
• Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from non-Federal Bank statement at your nearby Federal Bank Loan Center. Immediately, the new version of PDCs should be presented. For ideal condition, it’s advised to note Post Dated Checks which will be collected non-ECS states as it were.

Federal Bank Gold Loan Contact Number

Call at 9878981144 to get instant help and approval for your Federal Bank Gold Loan. You can know the best offers on Gold Loan available from all the Federal Bank Branches throughout the country to avail the best deal suitable to your needs.

Gold Ornaments Accepted by Federal Bank 

• Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all accepted by Federal Bank for seeking Gold Loan
• Quality: Tthe quality of Gold should be between 18 to 22 Carat. Any 24 Carat gold ornaments cannot be used to avail a gold loan.

Use of Federal Bank Gold Loan

The fund that is obtained by Federal Bank Gold Loan services can be used for several purposes:

• Fund for any particular investments such as hiking, matrimony, instalment of higher tuition payments, etc.
• Loan services are available for marketing requirements like purchasing fresh supply, developing marketing, etc.
• Additional Gold Loan can also be availed for horizontal ideas. the bank provides a lower rate of interest for Gold Loans that are available for farming or farming-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%

FAQs About Gold Loan

• What is Federal Bank Gold Loan?

Federal Bank Gold Loan is a loan scheme where you can access for any emergency financial help by keeping your gold as a guarantee with the bank. It comes with engaging interest rates on Term Loan, Overdraft and EMI based loan. Average Gold Loan disbursal time is just 45 minutes.

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

You can get Federal Bank Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with BookMyLoans from anywhere and get the best deals and offers.

•    What is Gold Loan Interest Rate in Federal Bank?

The Gold Loan interest rate in Federal Bank is 7.0% per annum. The rate of interest depends on various criteria namely: loan amount, loan tenure, purity of gold etc.

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

The value of per gram Gold Loan purely depends on the purity and quality of the gold. Federal Bank believes gold purity between 18 to 22 carats to provide a Gold Loan. You can avail up to Rs. 5,268 per gram in Federal Gold Loan.

•    How to check Gold Loan status in Federal Bank?

To check the status of Federal Bank Gold Loan you can visit Federal Bank Loan Tracker. Fill up your details in the given form. This can easily help you to track the status of your loan from anywhere at any time and keeps you updated.

•    How to calculate Gold Loan Interest in Federal Bank?

Federal Bank Gold Loan interest can be calculated using BookMyLoans’s EMI Calculator. It gives you the accurate details based on the information the applicant enters in the calculator

•    How to Pay Federal Bank Gold Loan Interest Online?

Federal Bank Gold Loan interest can be paid through net banking on the official Federal Bank loan repayment web page or alternatively. Another mode Paytm can also be used to repay Federal Bank Gold Loan or your preferred payment method.

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

If the interest is not paid back for 3 months, then initially a reminder is given for your pending dues. After this, if the payment requests go ignored or unheard then an official legal notice is sent, that demands the repayment and closure of the loan. Such defaults on your Gold Loan ends up in a decrease of your credit score and also make you accountable to face legal actions by the bank which may include confiscation and auction of your gold.

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

You can apply for EMI Moratorium on Federal Bank Gold Loan between 1st March and 31st August 2020. You can get it done by contacting the Bank Customer Care or visiting the nearby Federal Bank branch.