Pragathi Krishna Gramin Bank Gold Loan Key Features
| Pragathi Krishna Gramin Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Pragathi Krishna Gramin Bank Gold Loan Interest Rate | 7.0% per annum |
| Pragathi Krishna Gramin Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,268 |
| Pragathi Krishna Gramin Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Pragathi Krishna Gramin Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Pragathi Krishna Gramin Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Pragathi Krishna Gramin Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Pragathi Krishna Gramin Bank Gold Loan
- Fast Process: Pragathi Krishna Gramin Bank Gold Loan gets approved and payout easily. The loan is within an hour.
- Minimal Documents: For Pragathi Krishna Gramin Bank Gold Loan document process is straightforward and only essential documents are required
- Transparent System: Complete clarity is provided to the customer, there are no hidden charges.
- Amount of Loan: The minimum amount of loan provided to the customer is Rs. 15000. In rural areas, the minimum amount can also be less than Rs 10000.
- Safety of Jewellery: Pragathi Krishna Gramin Bank is accountable for the security of your gold. Thus, the gold is provided fireproof protection.
- Loan Tenure: The loan is provided for the term from 3 months to 2 years.
- Benefits for Farmers: Pragathi Krishna Gramin Bank prevails some special offers for agricultural purposes. Low Gold Loan interest rate for agricultural uses are provided.
- No Debt Burden: If in any situation the applicant is not able to pay the loan amount the applicant will not be under debts. Only the ornaments will be confiscated.
- No Income bounds: there are no restrictions on the salary of the applicant. Hence, applicants with any income level can avail a gold loan.
How much Gold Loan can I Get through Pragathi Krishna Gramin Bank Gold Loan
Pragathi Krishna Gramin Bank 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 |
Call on 9878981144 to avail the Best Deals and Offers on Pragathi Krishna Gramin Bank Gold Loan Per Gram.
Pragathi Krishna Gramin Bank Gold Loan Eligibility
The applicants for Gold Loan are eligible only if they fulfil the following criteria:
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Pragathi Krishna Gramin Bank Gold Loan Documents Required
In Pragathi Krishna Gramin Bank Gold Loan minimal documentation are required to easily access to the gold loan. Following are the list of 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) |
Pragathi Krishna Gramin Bank Gold Loan Interest Rate, Fees and Charges
Gold as security is available at a low-interest rate because it’s under the category of secured loans. Therefore, the Gold Loan interest rates are inferior to that of the personal loan or any other type of loans. The Gold Loan rate keeps on varying time to time as well as person to person.
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 Pragathi Krishna Gramin Bank Gold Loan
Uncertainties are a part of life. Thus, to tackle with all the financial hurdles in your life we all need money. Where Gold Loan plays a vital role to fight with the financial crisis. Gold Loan is a secured loan. People with low CIBIL score can also have easy access to this service. Pragathi Krishna Gramin Bank Gold Loan is one of the best Gold Loans in India.
Despite, there is a number of financial banking and non-banking companies that avail the gold loan, but Pragathi Krishna Gramin Bank Gold Loan is considered the best. Pragathi Krishna Gramin Bank is well-known for its brilliant financial services, as it is one of the most reputed and dependable banks in India.
- Pragathi Krishna Gramin Bank Gold Loan Interest Rate is 7.00% per annum
- Pragathi Krishna Gramin Bank Gold Loan Per Gram is ₹ 5,268
- Pragathi Krishna Gramin Bank Gold Loan Tenure: Up to 24 months
- Pragathi Krishna Gramin Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Pragathi Krishna Gramin Bank Gold Loan
Pragathi Krishna Gramin Bank provides different schemes attached to the Gold Loan product. Schemes are as follows:
- Loan Against Gold- Pragathi Krishna Gramin Bank provides Gold Loan at an appealing rate of interests which can actually fulfil anyone’s direct need of funds for any personal or professional reasons. Gold Loan is completely a secured form of loan where the bank has no risk in the lending amount of money to the loan seeker at a lower rate of interest as compared to the other forms of Loan products.
- Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Pragathi Krishna Gramin Bank Avails Gold Loan at a special rate of interest as compared to the Gold Loans which are provided for other uses. Especially offers avails and the bank need the Land proofs on which basis the loan seekers apply for Loan.
Pragathi Krishna Gramin 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 Pragathi Krishna Gramin Bank Gold Loan EMI?
Pragathi Krishna Gramin Bank Gold Advance can be compensated in the different following ways:
- Standing Instruction (SI): If you are an account holder with Pragathi Krishna Gramin Bank currently, then Standing Instructions is the most opted method of compensation. toward the end of the month period, the EMI amount will be credited from the applicants Pragathi Krishna Gramin Bank account the applicant shows.
- Electronic Clearing Service (ECS): This scheme is for the applicants who have a non-Pragathi Krishna Gramin Bank record and the EMIs need to be debited consequently at the end of the month cycle from this account.
- Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from non-Pragathi Krishna Gramin Bank statement at your nearby Pragathi Krishna Gramin Bank Loan Center. Immediately, the new version of PDCs should be presented. For ideal condition, it’s advised to note Post Dated Checks which will be collected non-ECS states as it were.
Pragathi Krishna Gramin Bank Gold Loan Contact Number
Call at 9878981144 to get instant help and approval for your Pragathi Krishna Gramin Bank Gold Loan. You can know the best offers on Gold Loan available from all the Pragathi Krishna Gramin Bank Branches throughout the country to avail the best deal suitable to your needs.
Gold Ornaments Accepted by Pragathi Krishna Gramin Bank
- Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all accepted by Pragathi Krishna Gramin Bank for seeking Gold Loan
- Quality: the quality of Gold should be between 18 to 22 Carat. Any 24 Carat gold ornaments cannot be used to avail a gold loan.
Use of Pragathi Krishna Gramin Bank Gold Loan
The fund that is obtained by Pragathi Krishna Gramin Bank Gold Loan services can be used for several purposes:
- Fund for any particular investments such as hiking, matrimony, instalment of higher tuition payments, etc.
- Loan services are available for marketing requirements like purchasing fresh supply, developing marketing, etc.
- Additional Gold Loan can also be availed for horizontal ideas. the bank provides a lower rate of interest for Gold Loans that are available for farming or farming-related projects.
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 Pragathi Krishna Gramin Bank Gold Loan
- What is Pragathi Krishna Gramin Bank Gold Loan?
Pragathi Krishna Gramin Bank Gold Loan is a loan scheme where you can access for any emergency financial help by keeping your gold as a guarantee with the bank. It comes with engaging interest rates on Term Loan, Overdraft and EMI based loan. Average Gold Loan disbursal time is just 45 minutes.
- How can I get the Gold Loan from the Pragathi Krishna Gramin Bank?
You can get Pragathi Krishna Gramin Bank Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with BookMyLoans from anywhere and get the best deals and offers.
- What is Gold Loan Interest Rate in Pragathi Krishna Gramin Bank?
The Gold Loan interest rate in Pragathi Krishna Gramin Bank is 7.0% per annum. The rate of interest depends on various criteria namely: loan amount, loan tenure, purity of gold etc.
- How much Gold Loan can I get per gram in Pragathi Krishna Gramin Bank?
The value of per gram Gold Loan purely depends on the purity and quality of the gold. Pragathi Krishna Gramin Bank believes gold purity between 18 to 22 carats to provide a Gold Loan. You can avail up to Rs. 5,268 per gram in Pragathi Krishna Gramin Bank Gold Loan.
- How to check Gold Loan status in Pragathi Krishna Gramin Bank?
To check the status of Pragathi Krishna Gramin Bank Gold Loan you can visit Pragathi Krishna Gramin Bank Loan Tracker. Fill up your features in the given application. This can easily help you to track the status of your loan from anywhere at any time and keeps you updated.
- How to calculate Gold Loan Interest in Pragathi Krishna Gramin Bank?
Pragathi Krishna Gramin Bank Gold Loan interest can be calculated using BookMyLoans’s EMI Calculator. It gives you the accurate details based on the information the applicant enters in the calculator.
- How to Pay Pragathi Krishna Gramin Bank Gold Loan Interest Online?
Pragathi Krishna Gramin Bank Gold Loan interest can be paid through net banking on the official Pragathi Krishna Gramin Bank loan repayment web page or alternatively. Another mode Paytm can also be used to repay Pragathi Krishna Gramin Bank Gold Loan or your preferred payment method.
- What if I can’t pay the interest on Pragathi Krishna Gramin Bank Gold Loan for 3 months?
If the interest is not paid back for 3 months, then initially a reminder is given for your pending dues. After this, if the payment requests go ignored or unheard then an official legal notice is sent, that demands the repayment and closure of the loan. Such defaults on your Gold Loan ends up in a decrease of your credit score and also make you accountable to face legal actions by the bank which may include confiscation and auction of your gold.
- How can I apply for EMI Moratorium on Pragathi Krishna Gramin Bank Gold Loan?
You can apply for EMI Moratorium on Pragathi Krishna Gramin Bank Gold Loan between 1st March and 31st August 2020. You can get it done by contacting the Bank Customer Care or visiting the nearby Pragathi Krishna Gramin Bank branch.