Kotak Mahindra Bank Gold Loan Key Features
| Kotak Mahindra Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Kotak Mahindra Bank Gold Loan Interest Rate | 7.0% per annum |
| Kotak Mahindra Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,268 |
| Kotak Mahindra Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Kotak Mahindra Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Kotak Mahindra Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Kotak Mahindra Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Kotak Mahindra Bank Gold Loan:
- Instant Practice: The bank where the process takes max to max 1 hour for passing the loan is a boon to loan receivers.
- Fewer Documents: Less documentation procedure is not hectic, thus the bank asks for only significant documents.
- Clear Ideology: Kotak Mahindra doe not charge any extra amount form the clients.
- The extent of Loan: Rs. 15000 are the minimum sum bank can offer, and applicants belonging to provincial areas are provided Rs. 10000.
- Jewellery is Secured: Secure and safe custody of gold under Kotak Mahindra Bank Gold Loan.
- Tenure of Allowance: The duration of investment varies from 3 months to 2 years. Thence, the applicant can perform accordingly.
- Profit-driven for Farmers: Kotak Mahindra encourages special schemes of the lending loan at a low-interest rate to the farmers.
- No Debt Burden: Economically tired people face difficulties in paying the interest thus banks instead of putting debt allegations, they just confiscate their gold adornments with them.
- No Income bounds: Income has never been an issue when it comes to lending loans to the needy ones. The bank always wants their demand for gold to be fulfilled and nothing more bothers them. Anyone can apply for a gold loan.
How Much Gold Loan can I Get through Kotak Mahindra Bank Gold Loan:
Kotak Mahindra Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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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 |
Kotak Mahindra Gold Loan Eligibility:
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Kotak Mahindra 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) |
Kotak Mahindra 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 Kotak Mahindra Bank Gold Loan?
Lacking money rises lots of problems in our life. Why not try to solve it with the help of Kotak Mahindra Gol Loan. Your gold is idly placed at your home so make use of it and hand your gold jewellery to the Kotak Mahindra bank so that they can avail you a great amount of money. Gold loan is admitted to be the most secured loan and hence it provides loans at a low-interest rate. Clients who have applied for a gold loan at Kotak Mahindra never get dissatisfied.
- Kotak Mahindra Bank Gold Loan Interest Rate is 7.0% per annum
- Kotak Mahindra Bank Gold Loan Per Gram is ₹ 5,268
- Kotak Mahindra Bank Gold Loan Tenure: Up to 24 months
- Kotak Mahindra Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Kotak Mahindra Bank Gold Loan:–
-
- Loan Against Gold – Gold Loan provides you with trustworthy services. Kotak Mahindra Bank avail loans to the people so that they can enjoy the present without any worries meet the needs. Apart from gold loan all other loans are not secured enough to serve you with the best and thereby bank in lends them the huge amount.
- Loan Against Gold for Agriculture – Kotak Mahindra bank gives an attractive interest rate. Especially, farmers are given special offers. Kotak Mahindra Bank avail loans to them at least rate of interest.
Kotak Mahindra 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 Kotak Mahindra Bank Gold Loan EMI?
- Standing Instruction (SI): Standing Instruction is the only constant process of compensation if you are a present account keeper of Kotak Mahindra Bank. Your EMI will get credited undoubtedly from the present record
- Electronic Clearing Service (ECS): This function can be performed only and only if you have a non-Kotak Mahindra bank record and you are willing for EMI to be debited undoubtedly from your current account.
- Post-Dated Checks (PDC): Post Dated EMIs should be revised from non-Kotak Mahindra bank at the Kotak Mahindra Bank loan center located nearby. And, your new PCDs should be submitted timely.
Kotak Mahindra Bank Gold Loan Contact Number:
Converse with 9878981144 for more questioning regarding of Kotak Mahindra Bank Gold Loan.
Gold Ornaments Accepted by Kotak Mahindra Bank:
- Gold Jewelleries will include Gold neckpiece, Gold anklets, etc
- Quality Pure gold of 18-22 carat is highly acceptable.
Use of Kotak Mahindra Gold Loan:
- Personal and professional needs should be checked, the fund acquired by the bank can be taken into use.
- Marketing requirements are also compulsory and should be achieved by using the available money.
- Farmers should get the profit from the fund.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
7.00% – 14.50% |
|
| 7.00% – 16.10% | |
| Muthoot Finance Gold Loan |
7.00% – 24.00% |
| 7.00% – 17.00% | |
| Manappuram Gold Loan |
7.00% – 26.00% |
| 7.00% – 15.99% | |
| Bank of India Gold Loan |
7.00% – 26.00% |
| 7.00% – 13.50% | |
| IIFL Gold Loan |
7.00% – 12.00% |
| 7.00% – 14.65% | |
|
7.00% – 12.65% |
|
| Allahabad Bank Gold Loan |
7.00% – 10.45% |
| 7.00% – 15.75% | |
| PNB Gold Loan |
7.00% – 11.75% |
| 7.00% – 26% | |
| SBI Gold Loan |
7.00% – 15.99% |
| 7.00% – 15.99% | |
| UCO Bank Gold Loan |
7.00% – 26.00% |
| 7.00% – 13.50% | |
| Syndicate Bank Gold Loan |
7.00% – 12.00% |
FAQs About Kotak Mahindra Bank Gold Loan:
- What is Kotak Mahindra Gold Loan?
Kotak Mahindra Bank is the best gold loan provider in India, it provides loans at low-interest rates and keeps your gold safe and secure.
- How can I get the Gold Loan from Kotak Mahindra Bank?
Visit the BookMyLoans website online, you will get the details related to Kotak Mahindra Gold Loan.
- What is Gold Loan Interest Rate in Kotak Mahindra Bank?
The Gold Loan interest rate of Kotak Mahindra Bank is 7.0%
- How much Gold Loan can I get per gram in Kotak Mahindra Bank?
You can get Rs. 5,268 Per Gram in Kotak Mahindra Bank.
- How to check Gold Loan status in Kotak Mahindra Bank?
Eyes on trackers webpage of Kotak Mahindra Bank will aid you with the status updates.
- How to calculate Gold Loan Interest in Kotak Mahindra Bank?
EMI Calculator can be used for calculating the interest on Kotak Mahindra Gold Loan.
- How to Pay Kotak Mahindra Bank Bank Gold Loan Interest Online?
Firstly, go for net banking and the second option is to pat through UPI.
- What if I can’t pay the interest on Kotak Mahindra Bank Gold Loan for 3 months?
If a client has not paid the interest then legitimate activities might take place including the confiscation of their gold.
- How can I apply for EMI Moratorium on Kotak Mahindra Bank Gold Loan?
EMI Moratorium on Kotak Mahindra should be applied by visiting a branch of Kotak Mahindra Bank or by calling customer care at loan adviser services.