Karvy Finance Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Karvy Finance Gold Loan Key Features

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

Advantages of Karvy Finance Gold loan:

  • Fast Process: Karvy Finance Gold Loan offers quick disbursal and instant approval. The loan gets cleared in an hour.
  • Fewer Documents: The bank requires minimal documentation consisting of important documents only.
  • Transparent System: The bank provides clarity of amount to the consumers; that is, some charges are taken into consideration.
  • Amount of Loan:  Karvy Finance provides approximately Rs. 15000 to the loan buyers. Besides, It lessens the magnitude to Rs. 10000 for provincial areas.
  • Safety of Jewellery: One significant point is that the bank is solely responsible for the preservation of your gold. Thus, gold is stored in flame-resistant protection.
  • Loan Tenure: The allotment of the loan can be from 3 months to 2 years. Consequently, you can select the timing according to your satisfaction.
  • Benefits for Farmers: Karvy Finance bank brings up unique offers for farming purposes. That is, the bank offers Gold loans at the low-interest rate for agricultural use.
  • No Debt Burden: There can be times when applicants are unable to repay the loan amount, in this scenario, the applicant’s ornaments will be safely kept with the bank, and debt charges are held on them.
  • No Income bounds: There are no constraints on the salary of the applicant; hence, anyone with any marginal income rage can avail of a gold loan.

How Much Gold Loan can I Get through Karvy Finance Gold Loan?

Karvy Finance 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

 

Karvy Finance Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Karvy Finance 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)

 

Karvy Finance 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 Karvy Finance Gold Loan:

Gold Loan can be defined as a loan against gold that includes gold adornments of borrowers. The loan receiver keeps his gold ornaments as collateral with the lender in exchange for money. Karvy Finance helps the ones who are facing a financial crisis and need immediate monetary help. It is known for its high funding at a low-interest rate and its brilliant performance as a non-banking investment company. It was established in 2009. It is a renowned funding institution.

  • Karvy Finance Gold Loan Interest Rate is7.0% per annum
  • Karvy Finance Gold Loan Per Gram is ₹ 5,268
  • Karvy Finance Gold Loan Tenure: Up to 24 months
  • Karvy Finance Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST.

Types of Karvy Finance Bank Gold Loan:

Let’s have a look over several gold loan schemes provided by the Karvy Finance Bank:

  • Loan Against Gold –  If we compare gold loans with another form of loans, then it is the most guaranteed form of a loan. Bank lends money to the borrowers without fail because they give them a loan at a minimum rate of interest with high funding. In this way, the borrowers fulfil their short term and long term needs.
  • Loan Against Gold for Agriculture–  Karvy Finance Bank provides a gold loan to the farmers with unique offers and asks them to avail for a loan at low banking rates with land evidence in hand.

Karvy Finance 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 Karvy Finance Gold Loan EMI?

Karvy Finance Gold Loan can be reimbursed in the following ways-

  • Standing Instruction (SI): If you are a current account holder of Karvy Finance Bank, Standing instruction is the most trustworthy repayment option. At the month to month end your EMI amount will be credited automatically from the Karvy Finance Bank.
  • Electronic Clearing Service (ECS):  If you do not possess Karvy Finance Bank record, you can smoothly get your EMI’s debited consequently near the end of the month to month period from the present account.
  • Post-Dated Checks (PDC): You can show a post-dated EMI statement from non- Karvy Finance at your Karvy Finance Bank Loan centre. The PCDs should be presented immediately without delay.

 Karvy Finance Bank Gold Loan Contact Number:

For the affirmation of the best offers on Gold Loan available you can contact on the given number 9878981144. This will help you to clarify your queries regarding approval for Karvy Finance Bank Gold Loan.

Gold Ornaments Accepted by Karvy Finance Bank:

  • Gold Jewellery-   Karvy Finance Bank accepts Gold Bangles, Gold anklets, Gold necklaces, Gold rings for.
  • Quality-  The quality of the gold be pure; it can lie between 18-22 carat. Above this Karvy Finance, won’t accept golds.

Use of Karvy Finance Bank Gold Loan:

The fund obtained by Karvy Finance Gold Loan can be is of usage-

  • The accomplishment of your marketing requirements, such as fresh supply, developing business, and many more.
  • Helps in funding for short term and long term necessities like higher tuition fees, matrimony, etc.
  • The bank provides a loan at a lower interest rate for achieving agricultural aims.

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 Karvy Finance Gold Loan:

  • What is Karvy Finance Gold Loan?

Karvy Finance Gold Loan is a loan scheme in which one gives their gold ornaments to avail loan to fulfil their short term needs. It also provides engaging interest rates and EMI based loan.

  • How can I get the Gold Loan from Karvy Finance Gold Loan?

You can take a gold loan from Karvy Finance Bank either online at BookMyLoans website, or you can visit any of the Karvy Finance Bank branches.

  • How much Gold Loan Per Gram can I get in Karvy Finance Gold Loan?

Karvy Finance Bank Gold Loan avail you loan up to 5,268 per gram.

  • What is Gold Loan Interest Rate in Karvy Finance Bank?

The rate of interest in Karvy Finance Bank is 7.0%.

  • How to check Gold Loan status in Karvy Finance Bank?

You can check your gold loan status by visiting the Karvy Finance Bank gold loan tracker webpage. You can stay updated about your gold loan status.

  • How to check Gold Loan Interest in Karvy Finance Bank?

You can calculate the gold loan interest by the EMI calculator that helps you with the accurate amount you entered.

  • How to pay Karvy Finance Gold Loan Interest Online?

Karvy Bank Gold Loan Interest can be paid online by using various payment methods. It can be Paytm or another paying mode.

  • What if I can’t pay interest in Karvy Finance Gold Loan for 3 months?

Pay the interest for 3 months in time either you have to face legal actions taken by the bank.

  • How can I apply for EMI Moratorium in Karvy Finance Bank Gold Loan?

Applying for EMI Moratorium on Karvy Finance Gold Loan is easy. An applicant is required to put their steps at the closest branch of Karvy Finance Bank or can contact the customer care of a credit instructor.