Indian Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Indian Bank Gold Loan Key Features

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

Advantages of Indian Bank Gold Loan

  • Quick Process: You can take a Gold Loan from Indian Bank simply and rapidly without any complications. The loan gets accepted in an hour.
  • Fewer Documents: The documentation process is straight here; fewer documents are required for the gold loan in Indian Bank.
  • Transparent System: The Indian Bank offers full transparency to their client; and that is, there are no hidden charges.
  • Amount of Loan: The smallest amount of loan that Indian Bank can provide to their client is Rs. 15,000. Also, it can be less than Rs 10,000 in rural ranges.
  • Safety of Jewelry: One important thing to note is that the bank takes the whole concern for the security of your gold. Henceforth, they kept the gold in fire-resistant protection.
  • Loan Tenure: The time-period of the Gold loan in Indian Bank can be from 3 months to 2 years. After this, you can hand-pick your comforts accordingly.
  • Benefits for Farmers: Indian bank provides some special offers for farming purposes. Indian Bank offers a minor Gold Loan interest rate for farming purpose.
  • No Debt Problem: There can be conditions like in which if an applicant is not able to repay the amount of loan, in that case, the applicant will not be under any debts as the bank will only seize the applicant’s ornaments.
  • No Income boundaries: There are no boundaries on the salary or income of the applicant; hence, anyone with any salary range can apply for a gold loan in Indian Bank.

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

India 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

 

Indian Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Indian 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)

 

Indian 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 Indian Bank Gold Loan

Life is full of worries and uncertainties. Thus, you may need cash to handle the economic problems in your life. In that case, you can get a Gold Loan from Indian Bank to fight with the economic crisis. A gold loan is a safe loan. So, the people with low CIBIL score can also simply apply for this service. Indian Bank Gold Loan is one of the best gold loans in India.
Yet, there is a lot of financial banking and non-banking corporations that may provide you with the gold loan, but Indian Bank Gold Loan is considered the greatest. Indian Bank was set up in 1907. It is one of the most reputed and consistent banks in India. Also, it is known for its brilliant economic amenities. Here the transactions are very safe.

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

Types of Indian Bank Gold Loan

Indian Bank delivers some plans associated with the Gold Loan item which are listed below

  • Loan Against Gold – Indian Bank gives Gold Loan at interesting steps important to satisfy anybody’s critical need of assets for any reason whether individual or expert. The gold credit is an entirely made sure about type of loans and then, the bank has no risk in lending the sum to the candidate so it is given at a slower step of premium when associated with different types of Loan items.
  • Loan Against Gold for Agriculture – Indian Bank gives Gold Loans clearly to farming industry purposes to farmers at an infrequent step of enthusiasm when compared with gold loans given for different employments. They are given special proposals and while taking the loan you have to give the bank your Land evidence.

Indian 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 Indian Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are a present account holder with Indian Bank, Standing Instruction is the utmost reliable process to pay. Your EMI amount will be credited naturally towards the month’s end to month time frame from the Indian Bank account you show.
  • Electronic Clearing Service (ECS): The program can be applied in the incident that you have a non-Indian Bank account and may need your EMIs to be charged thus close to the utmost limit of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can present post-dated EMI inquiries from a non-Indian Bank account at your nearest Indian Bank Loan Center. Another method of PDCs should be presented in a right away. It will be great in the incident that you note Post Dated Checks will be collected non-ECS states figuratively speaking.

Indian Bank Gold Loan Contact Number

Call 9878981144 and get immediate help and approval for your Indian Bank Gold Loan. You can know the best offers on Gold Loan available from all the Indian Bank Branches in all over the country to avail the best deal appropriate according to your requirements.

Gold Ornaments Accepted by Indian Bank

  • Gold Jewelry like Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these is accepted by Indian Bank for availing a Gold Loan.
  • Quality: The quality of gold must be between 18 Carat to 22 Carat. Any Gold jewellery which is 24 Carat, cannot be used for a gold loan.

Use of Indian Bank Gold Loan

The funds settled by availing the Indian Bank Gold Loan facility can be used for various purposes like:

  • To fund any specific investments such as a wedding, hiking, instalment of higher education expenses, etc.
  • For all your marketing necessities, such as purchasing new supply, developing marketing, etc., loan service is accessible.
  • You can also apply for Gold Loan for agricultural concepts. The bank gives lower charges of interest for Gold Loans that are used for agricultural or linked 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 Indian Bank Gold Loan

  • What is Indian Bank Gold Loan?

Indian Bank Gold Loan is a loan scheme that you can apply for urgent financial help by keeping your gold as security with the bank. It also comes with good interest rates on Term Loan, Overdraft, and EMI based loan. Usual Gold Loan disbursement time at Indian Bank is just 45 minutes.

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

You can effortlessly get the Indian Bank Gold Loan by visiting any of the gold loan offering branch of Indian or you can apply online with BookmyLoans by just sitting at your home and get best deals and offers. Indian Bank is one of the leading banks in India that provides Gold Loan features.

  • What is Gold Loan Interest Rate in Indian Bank?

The Gold Loan interest rate in Indian is 7.0% per annum. The rate of interest is subject to a number of factors, namely: loan amount, loan tenure, purity of gold, and relationship with an Indian bank.

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

The per gram Gold Loan in Indian Bank that you can get depends on the purity of your gold. Indian Bank agrees to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,268 Per Gram in Indian Bank Gold Loan

  • How to check Gold Loan status in Indian Bank?

In order to check your Indian Bank Gold Loan status all, you need to do is, visit the Indian Bank Loan Status Tracker web page and fill your details in the form given there and you can track the status effortlessly of your loan from any place and stay updated.

  •  How to calculate Gold Loan Interest in Indian Bank?

You can calculate the interest on your Indian Bank Gold Loan using BookmyLoans EMI Calculator which gives you correct amounts based on the data you enter into the calculator.

  • How to Pay Indian Bank Gold Loan Interest Online?

You can pay Indian Bank Gold Loan interest online through net banking on the authorized Indian Bank loan refund web page or else, you can also refund your Indian Bank Gold Loan on Paytm using your preferred payment process.

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

If you will not pay your Indian Bank Gold Loan for 3 months, firstly the bank will remind you of your incomplete dues. And after that, If the payment requests go unseen an official legal notice is sent demanding the repayment and to finish of the loan. Non-payment on your Gold Loan will lead to a reduction of your credit score and also makes you liable to face legal actions by the bank including seizure and sale of your gold.

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

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