Kerala State Co-operative Bank Gold Loan

Gold Loan @ 7%

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Kerala State Co-operative Bank Gold Loan Key Features

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

Advantages of Kerala State Co-operative Bank Gold Loan:

  • Fast Process: Kerala State Co-operative Bank Gold Loan is accepted and allotted in no time and easily. The loan is usually handed in an hour.
  • Fewer Documents: The documentation manner is easy and much less, important files are required for the Kerala State Co-operative Bank gold mortgage.
  • Transparent System: The bank provides complete transparency to the client; that is, there aren’t any hidden charges.
  • Amount of Loan: The minimal quantity of loan that Kerala State Co-operative Bank yields to the applicant is Rs. 15000. Also, It may be much less than Rs ten thousand in remote areas.
  • Safety of Jewellery: One crucial factor to observe is that the bank is responsible totally for the safety of your gold. Thus, gold is saved in fireproof protection.
  • Loan Tenure: The tenure of the loan may be from three months to two years. Hence, you can select in step with your comforts.
  • Benefits for Farmers: Kerala State Co-operative Bank affords a few unique offers for agricultural purposes. That is, the bank gives a moderate low Gold loan interest rate for a Gold mortgage for agricultural use.
  • No Debt Burden: There may be conditions wherein an applicant isn’t always capable of pay off the loan quantity in one of these cases the applicant will now no longer be under debt because the bank will best confiscate the ornaments.
  • No Income bounds: There aren’t any regulations at the revenue or earnings of the applicant; hence, absolutely everyone with any earnings rage can avail of a gold loan.

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

Kerala State Co-operative 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

Kerala State Co-operative Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Kerala State Co-operative 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)

Kerala State Co-operative 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 Kerala State Co-operative Bank Gold Loan:

You could want cash to manage up with economic hurdles for your life. In this case, you could get a Gold Loan to fight the economic crisis. A gold loan is an ensured loan. Therefore the individuals with low CIBIL rating also can without any problems avail of this service. Kerala State Co-operative Bank Gold Loan is one of the high-quality gold loans in India.

Though there are lots of commercial banking and non-banking businesses that offer you with a gold loan, Kerala State Co-operative Bank Gold Loan is taken into consideration the high-quality. It is one of the maximum reputed and trustworthy banks in India. Also, It is thought for its excellent economic services.

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

Types of Kerala State Co-operative Bank Gold Loan:

Kerala State Co-operative Bank gives various schemes mounted to the Gold Loan product that are indexed below:

  • Loan Against Gold – Kerala State Co-operative Bank offers Gold Loan at an appealing rate of interest to meet anyone’s dire needs of investments for any reason whether or not or now no longer private or skilled. The gold loan may be a truly secured form of a loan. So, the bank has no threat in loaning the quantity to the lender; consequently, it is supplied at a reduced rate of interest as in comparison to opportunity kinds of Loan merchandise.
  • Loan Against Gold for Agriculture – Kerala State Co-operative Bank offers Gold Loans, particularly for agriculture plans to farmers at a unique rate of interest compared to gold loans given for opportunity uses. They may be given unique proposals and that they must produce the bank Land proofs that they may be taking the Loan for.

Kerala State Co-operative 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 Kerala State Co-operative Bank Gold Loan EMI?

Your Kerala State Co-operative Bank gold loan may be reimbursed withinside the following 3 distinctive ways.

  • Standing Instruction (SI): If you’re a current account holder with Kerala State Co-operative Bank, Standing Instruction is the best reliable approach of payment. Your EMI quantity can be credited regularly closer to the end of the month to month duration from the Kerala State Co-operative Bank account you show to us.
  • Electronic Clearing Service (ECS): This manner may be implemented when you have a non-Kerala State Co-operative Bank report and may want your EMIs to be debited therefore close to the end of the month to month period from this account.
  • Post-Dated Checks (PDC): You can show post-dated EMI analyses from a non-Kerala State Co-operative Bank statement at your closest Kerala State Co-operative Bank Loan Center. A new edition of PDCs must be provided immediately. It can be ideal in case you notice Post Dated Checks can be accumulated non-ECS states because it was.

Kerala State Co-operative Bank Gold Loan Contact Number:

Call 9878981144 and gather immediately facilitate and acclaim for your Kerala State Co-operative Bank Gold Loan. You can be provided to understand the most powerful offers on Gold Loan obtainable from all of the Kerala State Co-operative Bank Branches in the course of the country to avail the simplest deal relevant for your desires.

Gold Ornaments Accepted by Kerala State Co-operative Bank:

  • Gold jewellery, for instance, Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are recognized by Kerala State Co-operative Bank for availing a Gold Loan.
  • Quality: The quality of gold given has to be between 18 Carat to 22 Carat. Any gold item that is 24 Carat can not be used for availing a gold loan.

Use of Kerala State Co-operative Bank Gold Loan:

The resources acquired with the aid of availing the Kerala State Co-operative Bank Gold Loan carrier may be applied for plenty features such as:

  • To finance any precise investments like matrimony, hiking, instalment of higher lesson payments, etc.
  • For all your advertising and marketing desires, like getting supplies, growing promoting, etc., loan carrier is procurable.
  • You can moreover avail of a Gold Loan for agriculture ideas. The financial institution provides a decrease in the rate of interest for Gold.
  • Loans that unit of dimension used for farming or linked activities.

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 Kerala State Co-operative Bank Gold Loan:

  • What is Kerala State Co-operative Bank Gold Loan?

Kerala State Co-operative Bank Gold Loan is a loan system that you may avail for pressing financial assist with the aid of using your gold as collateral protection with the bank. It additionally comes with appealing interest rates on Term Loan, Overdraft, and EMI primarily based on total loan. Average Gold Loan disbursal time at Kerala State Co-operative Bank is simply forty-five minutes.

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

You can get Kerala State Co-operative Bank Gold Loan by visiting any of the gold loan presenting department of Kerala State Co-operative Bank, or you may practice online with BookMyLoans from the consolation of your own home and get high-quality offers and suggestions. Kerala State Co-operative Bank is one of the main banks in India that gives Gold Loan service.

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

The Gold Loan interest rate in Kerala State Co-operative Bank is 7.0% in line with annum. The charge of hobby relies upon some of the factors, namely: mortgage amount, mortgage tenure, purity of gold, and courting with Kerala State Co-operative Bank.

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

The per gram Gold Loan in Kerala State Co-operative Bank that you may get relies upon at the purity of your gold. Kerala State Co-operative Bank accepts gold of purity among 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,268 Per Gram in Kerala State Co-operative Bank Gold Loan.

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

To test your Kerala State Co-operative Bank Gold Loan repute, all you want to do is go to the Kerala State Co-operative Bank Loan Status Tracker internet web page and fill on your info within the shape given. You can live without problems music the repute of your loan from everywhere and live updated.

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

You can calculate the interest to your Kerala State Co-operative Bank Gold Loan the use of BookMyLoans’ EMI Calculator which offers you correct quantities primarily based totally at the statistics you input into the calculator.

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

You can pay Kerala State Co-operative Bank Gold Loan interest online through internet banking at the legit Kerala State Co-operative Bank loan reimbursement internet web page, or you may additionally pay off your Kerala State Co-operative Bank Gold Loan on Paytm the use of your selected payment method.

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

If you are, due to any reason unable to pay your Kerala State Co-operative Bank Bank Gold Loan for three months, the bank will before everything reminds you of your pending dues. If the price requests pass unheard, a legit legal notice is despatched regarding the reimbursement and closure of the loan. Defaulting for your Gold Loan outcomes in a lower of your credit score rating and additionally makes you vulnerable to face legal movements with the aid of using the bank which includes confiscation and public sale of your gold.

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

You can observe for EMI Moratorium on Kerala State Co-operative Bank Gold Loan now among 1st March and thirty-first August 2020 and needs to be carried out with the support of using contacting the Bank purchaser care or travelling the closest Kerala State Co-operative Bank branch.