YES Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

YES Bank Gold Loan Key Features

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

Why YES Bank Gold Loan?

YES Bank is one of the most renowned banks in India. It offers a low rate of interest and quick disbursal with minimal documentation. Why let go of opportunities and dreams due to the financial crisis when you have the gold power with you. Idle Gold in your safe will not give you anything in fact for that you have to pay to keep it in the locker. But sanctioning loan against gold will provide high funding.

YES Bank Gold Loan will give you a chance of fulfilling your dreams. Yes, Bank offers Gold Loan at a low rate of interest. The process of getting a Gold Loan is very quick and easy.

Gold Loan is basically a loan against gold. Gold is kept as security. After proper verification of Documents and gold, Loan is sanctioned. It requires minimal documentation. So from now don’t think much and fulfill your dreams by applying from YES Bank.

Accepted Gold Ornaments in YES Bank

Gold jewelry (Gold Bangles, Gold Rings, Gold Necklace etc), Gold Bars, Gold Biscuits, Gold Coins (up to 50 grams)

Features of YES Bank Gold Loan

  1. YES, Bank offers very Low Rate of Interest to the customer.
  2. YES Bank provides the facility of quick disbursal to the customer
  3. Bank offers quick processing
  4. This Bank offers simple and easy documentation
  5. Minimum Documentation required
  6. It also charges low processing fees
  7. Moreover, it also offers a low rate of interest to the customer
  8. Guarantor/collateral are not required here

YES Bank Gold Loan Documentation

Basic KYC documents are required for YES Bank Loan

The Bank does not check your CIBIL Score for the approval of the gold loan

The following documents are required along with your Gold Loan application:

  • Passport (not expired)
  • Diving License (not expired)
  • Voters ID Card
  • Aadhaar Card issued by UIDAI
  • PAN (Permanent Account Number) Card (along with any of the above documents)

Here not expired means that documents should be valid

YES Bank Gold Loan Eligibility

To apply for Gold Loan, you must be:

  1. Firstly, A citizen of India.
  2. Secondly, Gold should be of more than 10 grams.
  3. Moreover, A farmer, trader, salaried or self-employed professional, or businessman can apply for gold loan.
  4. After that, The applicant must be between 18 to 65 years.
  5. Gold should be a minimum of 18 to 22 carrots.
  6. Also, The minimum loan amount is Rs.18000.

YES Bank Gold Loan Rates and fees

YES Bank offers a rate of interest of 11%

Processing Fee charges in YES Bank are 1.5%

Prepayment charges  2% if the loan is  closed within 3 months

Loan sanctioned against gold is minimum of Rs 25,000 and maximum 50 lakhs

YES Bank Gold Loan Rate Per Gram

Gold Loan calculator is used to calculate the gold loan per gram based on the total weight of the jewelry, level of purity, past 30 days average price of 22-carat gold and loan to value offered by your bank. As per today’s gold prices, the highest gold loan per gram against 22-carat gold is Rs. 3,044 per gram. Key variables that are required to calculate the gold loan rate per gram is passed.

The easiest way of applying for a gold loan in YES Bank via BookMyLoans.in

Gold Loan in YES Bank can be applied offline and online too. The applicant can easily apply online on the site bookymyloans.in by filling up the form of Gold Loan by giving some of your information and personal detail. After that Bank representative will get notified and they contact you. They will confirm details and let you know if you are eligible. The banker will come to receive the documents at your doorstep.

If the applicant wants to take the loan offline then he/she needs to visit the branch of the bank to know the eligibility and for the approval and then to deposit the gold for the loan. If you need any help and have any doubt then visit bookmyloans.in, If you still have a query then you can contact customer representative of the YES Bank and banker also. So Apply Now and get an attractive rate of interest.

FAQs About YES Bank Gold Loan

  1. How does Gold Loan work?

It is straightforward to understand Loan on Gold. The Banks /NBFC provide you with funds against your gold ornament. The amount depends upon the gold weight.

  1. Is Gold Loan secured?

Yes, it is essential to note that the loan on gold is secured. Because while taking Gold Loan, the applicant put his/her gold jewelry into the bank’s locker as collateral.

  1. What consequences can happen when you don’t repay a Gold Loan?

If an applicant is not able to return the gold loan on time, then the bank is liable to sell his gold ornaments.

  1. Is it necessary to have a co-applicant to get Gold Loan?

No, there is no need for any co-applicant to get Gold Loan.

  1. Is there any fee to pay for the Gold Loan?

It is necessary to pay the loan processing fee as well as Valuation fee.

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%