Karnataka Vikas Grameena Bank Gold Loan

Gold Loan @ 7%

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Karnataka Vikas Grameena Bank Gold Loan Key Features

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

Advantages of Karnataka Vikas Grameena Bank Gold Loan:

  • Quick Process: Karnataka Vikas Grameen Gold Loan provides dedicated assistance, and so the loan is accepted in 60 minutes.
  • Fewer Documents: Fundamental documents are demanded rest you should keep it with you.
  • Transparent System: Direct and fair systems are followed. No covered charges are asked to pay.
  • The measure of Loan: Karnataka Vikas Grameen Bank suggests Rs. 15000. to the borrowers and it decreases to Rs. 10000. for rural communities.
  • Jewelry is Secured: Karnataka Vikas Grameena Bank should take care of the jewels offered by the borrower. They should be protected in flame-resistant range.
  • Tenure of Allowance: The duration of the loan fluctuates between 3 months to 2 years. However, the selection of loan tenure is completely dependent on the clients.
  • Favorable to Farmers: Karnataka Vikas Grameen bank gives special privileges to the farmers. They should be offered fewer rates of interest.
  • No Debt Burden: Economically tired people can not repay the amount, but that doesn’t mean that they are under debt obligations. Bank will just take their ornaments for a specific time.
  • No Income bounds: Income range can vary if you are availing for a loan. Income should never be a matter of worry.

How Much Gold Loan can I Get through Karnataka Vikas Grameena Bank Gold Loan:

Karnataka Vikas Grameena 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 Vikas Grameena Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Karnataka Vikas Grameena 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 Vikas Grameena 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 Vikas Grameena Bank Gold Loan:

Karnataka Vikas Grameen Bank Gold Loan arranges loans for those who are penniless and are in urgent need of money. All they need to do is to exchange the gold with the bank and avail for the loan. Karnataka Vikas Grameena Bank offers great opportunities by granting them loans at a minimal interest rate. It is the most renowned funding organization and beats every other banking or non-banking companies. It presents itself with the greatest fiscal serviceability.

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

Types of Karnataka Vikas Grameena Bank Gold Loan:

Various tactics recommended by Karnataka Vikas Grameena Bank given are accustomed-

    • Loan Against Gold – Gold Loan is a loan of trust. It imparts loans to the necessitous and aids them to recover their finance-related issues. The requirements can be personal or professional; it does not matter much. The Karnataka Vikas Grameena bank finds no risk in conferring such huge value because the interest rate is minimized.
    • Loan Against Gold for Agriculture – Karnataka Vikas Grameena bank gives exceptional interest rates mainly to the agricultural-based activities. . Karnataka Vikas Grameena Bank provides loan interest at a minimum rate. Further, you have to submit the land evidence in support of availing for a gold loan.

Karnataka Vikas Grameena 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 Vikas Grameena Bank Gold Loan EMI?

  • Standing Instruction (SI): Standing Instruction is the convincing method if you are a current account holder of Karnataka Vikas Grameena Bank. Your EMI will be deemed from the deposit.
  • Electronic Clearing Service (ECS): This proceeding should betake towards only and only if you have a non-Karnataka Vikas Grameena bank record and you need EMI to be debited unequivocally from your current account.
  • Post-Dated Checks (PDC): Post Dated EMIs should be gone through from non-Karnataka Vikas Grameena bank at the Karnataka Vikas Grameena Bank loan center located nearby. And, your new version of PCDs submission should be on time.

Karnataka Vikas Grameena Bank Gold Loan Contact Number:

Call on 9878981144 for the details you are eager to know for Karnataka Bank Gold Loan.

Gold Ornaments Accepted by Karnataka Vikas Grameena Bank:

  • Gold Jewellery- Bank is in favor of Gold bracelet, Gold rings or Gold Necklace or other Gold embellishments.
  • Quality- The purity of gold should be from 18 to 22 carats.

Use of Karnataka Vikas Grameena Gold Loan:

  • Business proposals are waiting, and thus, the amount can be utilized for the same.
  • The satisfaction of your accomplishments is irresistible, so fund alliance is mandatory.
  • Cultivators and their correlated works can be achieved by the capital obtained.

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 Vikas Grameena Bank Gold Loan:

  • What is Karnataka Vikas Grameena Gold Loan?

Karnataka Vikas Grameena Gold Loan suffice the needful person who wanted to earn their targets and fulfill their requirements, by providing them funds in exchange for gold ornaments. It is the most believable bank and gives interest at low rates.

  • How can I get the Gold Loan from Karnataka Vikas Grameena Bank?

You can visit the online BookMyLoans website for a gold loan. Otherwise, you can go to the nearest Karnataka Vikas Grameen Bank branch.

  • What is Gold Loan Interest Rate in Karnataka Vikas Grameena Bank?

The Gold Loan interest rate of Karnataka Vikas Grameena Bank is 7.0%.

  • How much Gold Loan can I get per gram in Karnataka Vikas Grameena Bank?

You can get Rs. 5,268 Per Gram in Karnataka Vikas Garmeena Bank.

  • How to check Gold Loan status in Karnataka Vikas Grameena Bank?

By visiting the Karnataka Vikas Grameena Bank Gold Loan tracker webpage, you can view your gold loan status consequently. Else, you can visit the nearest branch of Karnataka Vikas Grameena Bank.

  • How to calculate Gold Loan Interest in Karnataka Vikas Grameena Bank?

EMI Calculator is used for calculative measures like calculating interest in Karnataka Vikas Grameena Bank Gold Loan.

  • How to Pay Karnataka Vikas GrameenaBank Gold Loan Interest Online?

Online payment for Karnataka Vikas Grameena Bank Gold Loan can be intelligently done through net banking or Paytm.

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

Payment of interest is mandatory, but if in case you can not pay for 3 months you will be helped formerly, later you will be charged under legitimate obligations, and your gold will be captured by the bank.

  • How can I apply for EMI Moratorium on Karnataka Vikas Grameena Bank Gold Loan?

Applying for EMI Moratorium can be done by contacting the bank customer care or visiting the Karnataka Vikas Grameen bank. It must be done between 1st March to 31st August.