Karnataka State Co-operative Apex Bank Gold Loan

Karnataka State Co-operative Apex Bank Gold Loan Key Features

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

Advantages of Karnataka State Co-operative Apex Bank Gold Loan:

• Fast Pace: Karnataka State Co-operative Apex Bank Gold Loan acquire and acquit the advance in 60 minutes. It is a very quick and smooth process.
• Fewer Documents: Only necessary documents should be presented to the bank without complicating the process.
• Transparent System: Clearance of aggregate is a must because the bank does not permit hidden charges.
• The extent of Loan: The basic figure of giving a loan by Karnataka State Co-operative Apex Bank is Rs. 15000. to the clients that decrease to Rs. 10000. for the clients from provincial areas,
• Jewellery is Secured: It is the job of Karnataka State Co-operative Apex Bank to keep the ornaments shielded specifically from the flame catching areas.
• Tenure of Allowance: The period of the allowance is from 3 months to 2 years. The applicant can opt for in line with their suitability.
• Favourable to Farmers: Karnataka State Co-operative Apex Bank gives profit to the cultivator by lowering the rate of interest.
• No Debt Burden: Conditions that lead to the economic breakdown of the client can be considerable. Bank will only confiscate the embellishments.
• No Income bounds: Money lending by the bank is not categorized by income. This service is for everyone who has gold.

How Much Gold Loan can I Get through Karnataka State Co-operative Apex Bank Gold Loan:

Karnataka State Co-operative Apex 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

 

Karnataka State Co-operative Apex Gold Loan Eligibility:

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

 

Karnataka State Co-operative Apex 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)

 

Karnataka State Co-operative Apex 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 Karnataka State Co-operative Apex Bank Gold Loan:

There occur numerous challenges in one’s life, but financial challenges are the ones that stick to us for long. To overcome your economic challenges, you have to apply for a gold loan that gives full surety of your assets and lend you some amount to satisfy your monetary requirements. Karnataka State Co-operative Apex Bank is the recognized funding institute among other banking or non-banking companies. It assists the brilliant services to the clients. Providing loans at a minimal interest rate with more funding can be processed by the Karnataka State Co-operative Apex Bank.

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

Types of Karnataka State Co-operative Apex Bank Gold Loan:

• Loan Against Gold – Gold Loan ensures your brilliant services. Karnataka State Co-operative Apex Bank gives loans to the needy individuals who wish for money in exchange for gold. Gold loan is handed over to the clients at a shallow interest rate than the other standardized loan availed. This leaves no complications to the bank in lending them a large amount.
• Loan Against Gold for Agriculture – Karnataka State Co-operative bank gives an exciting interest rate. Principally, agronomical works are given exceptional offers. Karnataka State Co-operative Bank will provide loans at a low borrowing rate. Likewise, you have to give land proof to the bank.

Karnataka State Co-operative Apex 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 Karnataka State Co-operative Apex Bank Gold Loan EMI?

• Standing Instruction (SI): If you are a current account holder if Karnataka State Co-operative Apex Bank, Standing Instruction is the perfect method of repayment. Your EMI can get credited from the Karnataka State Co-operative Apex Bank account.
• Electronic Clearing Service (ECS): This stage is for those who have non-Karnataka State Co-operative Apex bank records, and you aspire your EMI to be debited undoubtedly from your present account.
• Post-Dated Checks (PDC): Post Dated EMIs should be taken into consideration from non-Karnataka State Co-operative Apex Bank at the Karnataka State Co-operative Apex Bank loan centre located nearby. And your new PCDs capitulation should be on time.

Karnataka State Co-operative Apex Bank Gold Loan Contact Number:

Contact 9878981144 for more questioning of Karnataka Bank Gold Loan and to be in knowledge of various offers and deals regarding the same.

Gold Ornaments Accepted by Karnataka State Co-operative Apex Bank:

• Gold Jewellery- Bank urge for Gold anklet, Gold rings or Gold Necklace, etc.
• Quality-  Gold should be undiluted between 18-22 carats. Exceeding the limit should not be admitted to the bank.

Use of Karnataka State Co-operative Apex Gold Loan:

• Fulfilling the necessities, for instance, Travelling, higher education, etc. needs money. Thus, this can be the best option.
• Marketing or business deals should be memorized as to accomplish them.
• Farmers need money for the completion of their agricultural roles.

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 Karnataka State Co-operative Apex Bank Gold Loan:

• What is Karnataka State Co-operative Apex Gold Loan?

Karnataka State Co-operative Apex Gold Loan provides the needful individual’s fund in exchange for gold jewellery. It is the most compliant bank and gives low rates of interest.

• How can I get the Gold Loan from Karnataka State Co-operative Apex Bank?

For your convenience, you can visit the online BookMyLoans website for a gold loan. Otherwise, you can go to the nearest Karnataka State Co-operative Apex Bank branch.

• What is Gold Loan Interest Rate in Karnataka State Co-operative Apex Bank?

The Gold Loan interest rate of Karnataka State Co-operative Apex Bank is 7.0%

• How much Gold Loan can I get per gram in Karnataka State Co-operative Apex Bank?

You can get Rs. 5,268 Per Gram in Karnataka State Co-operative Apex Bank.

• How to check Gold Loan status in Karnataka State Co-operative Apex Bank?

By visiting the Karnataka Bank Gold Loan tracker webpage, you can scrutinize your gold loan status consequently. Else, you can visit the nearest branch of Karnataka State Co-operative Apex Bank.

• How to calculate Gold Loan Interest in Karnataka State Co-operative Apex Bank?

EMI Calculator helps in calculating Gold Loan Interest in Karnataka State Co-operative Apex Bank.

• How to Pay Karnataka State Co-operative Apex Bank Gold Loan Interest Online?

You can pay  Karnataka State Co-operative Apex Gold Loan interest online through internet banking on the official HDFC loan compensation web page you can also repay your Karnataka State Co-operative Apex Gold Loan on Paytm using your selected payment method.

• What if I can’t pay the interest on Karnataka State Co-operative Apex Bank Gold Loan for 3 months?

If you do not make payment for your Karnataka State Co-operative Apex Bank Gold Loan for 3 months, the bank will formerly remind you of your pending charges. If the payment requests go hushed, the legal notice is sent for the repayment and closure of the loan. Inadequacy on your Gold Loan results in a reduction of your credit score and also makes you accountable to face legal actions by the bank, including the seizure of your gold.

• How can I apply for EMI Moratorium on Karnataka State Co-operative Apex Bank Gold Loan?

You can apply for EMI Moratorium on Karnataka State Co-operative Apex Bank Gold Loan directly from 1st March and 31st August 2020 and has to be done by approaching the Bank customer care or going to the nearest Karnataka State Co-operative Apex Bank branch.