# **Bank of Baroda Gold Loan Interest Rates**

Bank of Baroda provides a convenient solution for those in need of quick funds by offering gold loans. These loans are secured against gold jewellery, ornaments, or specially minted gold coins. You can use these loans for wedding expenses, education, home renovation, or business expansion. Let’s dive deeper into understanding all about BoB gold loan schemes before you apply. 

## **Bank of Baroda Gold Loan Details**

Bank of Baroda offers gold loans at a moderate rate compared to other lenders. With this rate, you can easily apply for gold loans as per your requirements.

* **Bank of Baroda gold loan interest rate:** Starting at 9.15% per annum.

* **Collateral:** Minimum 18-carat gold jewellery or specially minted gold coins by banks.

* **Loan tenure:** Options of 12 months or up to 36 months with EMI (equated monthly instalment) schemes.

* **Loan amount:** Up to Rs. 50 lakhs. 

* **Repayment methods:** EMI, bullet repayment (single lump-sum repayment usually made at maturity date), or overdraft facilities. 

* **Processing fee:** No fee for loans up to Rs. 3 lakhs.

* **Pre-closure/pre-payment charges:** No charges applied.

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## **Features of Bank of Baroda Gold Loan Schemes**

* **Flexible loan amount:** You can avail of loans starting at Rs. 25,000, with a maximum limit of Rs. 50,000. 

* **Secure storage:** The pledged gold remains safely stored in the bank’s vault and is returned upon complete payment. 

* **No guarantor required:** To obtain Bank of Baroda gold loans, you do not need a guarantor. This makes the application process simpler and hassle-free for you.

* **Income proof not required:** You do not need to submit income proof, ensuring that individuals from all income levels can access loans easily. 

* **Easily convertible into cash:** The approved loan amount can be seamlessly converted into cash, providing immediate financial support to meet urgent needs. 

* **Minimal paperwork and faster processing:** The loan application requires minimal documentation, ensuring a smoother process and quicker loan approval and disbursal. 

* **No impact on credit score:** The gold loan interest rates are not influenced by your CIBIL score. This makes it accessible to anybody with varying credit histories. 

## **Types of Gold Loan Schemes from Bank of Baroda Based on Interest Rates**

* **Fixed-rate loans:** The interest rate remains unchanged throughout the loan tenure, ensuring stable EMI. 

* **Floating-rate loans:** Interest rates are linked to external benchmarks, which may fluctuate, affecting the EMI amount. 

* **Non-agricultural gold loans:** Available for salaried individuals, self-employed professionals, and students for non-agricultural purposes. 

* **Agricultural gold loans:** Offered at lower interest rates to support farmers with cultivation-related expenses. 

## **Bank of Baroda Gold Loan Rate Per Gram**

The BoB gold loan per gram is based on the purity and market value of the gold. For this bank, the amount ranges from Rs. 4,289 to Rs. 4,679 per gram. 

## **Bank of Baroda Gold Loan Interest Rate**

The BoB gold loan interest rate starts from 9.15%. The biggest advantage of obtaining your loan from this bank is that it does not consider your CIBIL score while setting the interest rates.


| Particulars | Interest rates (p.a.) starting from | Tenure |
| ----- | ----- | ----- |
| Demand Loan (LA180) | 9.15% | Up to 12 months |
| Agri Gold Loan | 8.70% (varies as per 1-year marginal cost of funds based lending rate or MCLR rates) | Up to 12 months |
| EMI (LA241) | 9.15% | Up to 36 months |
| Overdraft (LA043) | 9.15% | Up to 12 months |

You must also provide the gold loan appraiser charges which may vary based on your holdings. These charges are implemented by lenders to analyse the worth of your pledged gold. 

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## **Bank of Baroda Gold Loan Interest Rate Calculator**

You can easily check the EMI of your loan using the Bank of Baroda gold loan calculator. This BoB gold loan calculator helps you to calculate your EMI based on the loan amount, interest rate, and chosen tenure. This makes repayment planning easier and more transparent. 

## **Bank of Baroda Eligibility**

To qualify for a loan loan at the Bank of Baroda, you have to meet the following criteria:

* You must be Indian residents aged 18 to 70 years.

* Loans are available against 18-carat gold jewellery or ornaments and specially minted gold coins (up to 50 grams per applicant). 

## **Documents Required for Bank of Baroda Gold Loan**

To apply for a gold loan, the following documents are necessary:

* A registered mobile number linked to Aadhaar and a Bank of Baroda account. 

* PAN card (optional but recommended).

* BoB CIF number or bank account details for existing customers. 

* Physical gold for valuation.

* Original Aadhaar and PAN cards for verification purposes. 

## **Processing Charges of Bank of Baroda Gold Loan Scheme**

* **Processing fee:** Nil for loans up to Rs. 3 lakhs. For higher amounts, a fee of 0.50% of the loan amount is applicable. 

* **Gold assaying charges:** Rs. 0.50 per Rs. 100 net value of gold (Minimum Rs. 25; Maximum Rs. 350). 

* **Prepayment/post-closure charges:** No additional costs for early repayment 

## **Bank of Baroda Interest Rate Compared to Other Lenders**

The bank gold loan interest rate in BoB starts from 9.15% which is comparatively lower than other lenders. 

| Bank | Interest rates |
| ----- | ----- |
| Canara Bank | 9.25% onwards |
| HDFC Bank | 9.30% onwards |
| Axis Bank  | 9.35% onwards |

## **How to Apply for the Bank of Baroda Gold Loan Scheme**

You can apply for the gold loan schemes using the two approaches:

* **Walk-in application:** Visit the nearest Bank of Baroda branch with your gold and required documents. After completing a form, the bank evaluates the gold and processes the loan, usually within a day. 

* **Online application:** You can register online via the Bank of Baroda website by submitting the application form and uploading the necessary documents. The final step involves visiting the branch for gold valuation and loan disbursal. 

## **Procedure of Obtaining Gold Loan Scheme from Bank of Baroda**

Follow the below steps to avail of your gold loan from the Bank of Baroda:

1. **Gold evaluation:** The bank assesses the purity and weight of the gold to determine its value. 

2. **Market price analysis:** The gold’s market price is calculated based on recent rates. 

3. **Loan-to-value (LTV) determination:** The loan amount is set according to RBI’s LTV cap of 75%. 

4. **Application processing:** After you review the loan terms, the application is processed after deducting any applicable fees. 

5. **Loan disbursal:** The approved amount is credited to your account upon signing the loan agreement.

## **Conclusion**

The Bank of Baroda gold loan stands out for its convenience, flexibility, and borrower-friendly terms, catering to a variety of financial needs. With secure storage, fast processing, and no reliance on credit scores, it ensures a smooth borrowing experience. This offering is well-suited for those seeking a trusted and efficient financing option in India.

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Bank of Baroda BOB Bank Gold Loan Interest Rate 2024 | Features, Benefits, Eligibility & Documents | #goldloan

Bank of Baroda (BOB) Gold Loan interest rate 8.70% - 9.40% | Per Gram rate ₹4,289 - ₹4,679

## BOB Gold Loan interest rate
**As of 2025, BOB Gold loan interest rate is in the range of 8.70% to 9.40% per annum.**

It is important to note that the interest rates are subject to change at the discretion of the bank and can vary based on market conditions. Additionally, Bank of Baroda may also offer lower interest rates to women borrowers.

It is always recommended to check with the bank or visit their website for the latest interest rates before applying for a gold loan. Moreover, it is advisable to compare the interest rates and other terms and conditions of gold loans offered by different banks before finalizing one.

## Loan Amount For Bank of Baroda Gold Loan
Bank of Baroda offers gold loans ranging from a minimum of Rs. 10,000 to a maximum of Rs. 1 crore, depending on the purity and weight of the gold.

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## BOB Gold loan per gram rate

As of April 2025, the per gram rate for Bank of Baroda gold loan is **Rs. 4,289 per gram for 22 carat gold and Rs. 4,679 per gram for 24 carat gold.**

However, it is important to note that the per gram rate may vary depending on various factors such as the loan amount, loan tenure, and the prevailing market conditions. Additionally, the bank may also have different per gram rates for gold loan schemes targeted at different segments of customers.

## BOB Gold Loan Processing fees

Bank of Baroda charges a nominal processing fee for its gold loans. The processing fee for Bank of Baroda gold loan is up to 1% of the loan amount, subject to a minimum of Rs. 1,000 and a maximum of Rs. 10,000.

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#### Related Articles

- *[IIFL Gold Loan Interest Rate](https://blogs.indiagold.co/iifl-gold-loan-interest-rate)*
- *[IDBI Bank Gold Loan Interest Rate](https://blogs.indiagold.co/idbi-bank-gold-loan-interest-rate)*

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Bank of Baroda Gold Loan interest rate is 8.70% - 9.40% p.a. Bank of Baroda (BOB) gold loan per gram rate is ₹4,289 - ₹4,679. Get a better Per gram rate of ₹4,293 - ₹4,865 & interest rate of just 0.77%* per month at Indiagold.

Bank of Baroda (BOB) offers gold loans at competitive interest rates, making it an attractive option for individuals needing urgent funds. This guide provides insights into BOB gold loan interest rates, per gram rates, eligibility criteria, and the application process.

BOB Gold Loan Interest Rate 2024 – Latest Gold Loan Per Gram & Eligibility

Bank of Baroda (BOB) Gold Loan offers competitive interest rates and easy eligibility criteria, making it an ideal choice for individuals seeking quick financial assistance by pledging gold.

BOB Gold Loan

Bank of Baroda (BOB) Gold Loan Interest Rate

Gold plays a crucial role in Indian culture and economy. It transcends its traditional appeal during festivals like Dhanteras. The taxation framework for gold in India significantly impacts its pricing, creation, selling, and importing process. For businesses and individual buyers, clarity on gold taxes can ensure informed purchases. Let’s explore the specifics of GST on gold across various aspects. 

## **What is GST on Gold?**

The Goods and Services Tax (GST) applies to the sale of gold in various forms such as bars, coins, and jewellery. Under the GST law, gold is classified as “goods,” and its supply is governed by Section 7 of the CGST Act. Both the material cost and associated services, such as making charges for jewellery are subjected to GST.

The introduction of GST replaced multiple indirect taxes like Valued Added Tax (VAT), excise duty, and service tax. It creates a more streamlined tax structure for the gold industry. With Indiagold, we make it easy for you to understand how GST impacts your gold. You can easily invest in digital gold on the app and leverage gold loans at an affordable rate. 

## **Latest Update on Gold GST Rate**

In the Union Budget 2024, significant changes were introduced to customs duties on gold imports. Starting July 23, 2024, the Central Board of Indirect Taxes and Customs (CBIC) announced a reduction in the Basic Customs Duty (BCD) on gold bars and dore (unrefined gold bars containing precious metals). This revision lowers import costs, making gold imports more affordable.

| Type of Duty | Gold Bar and Findings | Gold Dore |
| ----- | :---: | :---: |
| Basic Customs Duty (BCD) | 5% | 5% |
| Agriculture Cess (AIDC) | 1% | 0.35% |
| Total | 6% | 5.35% |

This reduction aims to balance gold prices domestically and reduce illegal imports while supporting the jewellery export sector. 

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## **What are Gold GST Rates?**

| Particulars | HSN Code | GST Rate |
| ----- | :---: | :---: |
| Precious stones (except diamonds), semi-precious stones (worked/unworked) | 7103, 7104 | 0.25% |
| Diamonds, gold, pearls, silver, jewellery articles | 7101, 7102, 7106, 7107, 7108, 7109, 7111, 7113, 7114, 7116, 7118 | 3% |
| Job work (e.g., jewellery making, cutting diamonds) | 9988 | 5% |
| Real zari thread (gold/silver with textile thread) | 5605 00 10 | 5% |

## **GST on Gold Making Charges and Purchase**

Gold jewellery involves both material costs and labour (making charges). As clarified under Section 8 of the CGST Act, this is treated as a composite supply. The principal supply (gold) attracts a GST of 3% which also applies to the total value of jewellery, including making charges. 

* **GST on making charges of gold:** When goldsmiths perform job work, the making charges attract 5% GST. 

* **Reverse charge mechanism (RCM):** If the job worker is unregistered, the jeweller must pay 5% GST on making charges under RCM. 

* **Unregistered sellers:** When individuals exchange or sell gold ornaments, GST is not applicable, as this falls outside the scope of business transactions. 

## **What is the Gold GST Percentage for Coins and Jewellery?**

The gold GST percentage depends on the type of gold product being purchased. The GST on gold coins is set at 3%, while the tax on gold jewellery, the same 3% GST rate applies. Plus, the making charges for jewellery attract 5% GST. 

For example, a 22 carat gold GST rate on a gold bangle with a price of Rs. 1,00,000 and making charges of Rs. 5,000 would be Rs. 3,150 (3% of Rs. 1,00,000 for the gold and 5% of Rs. 5,000 for making charges).

## **GST on Digital Gold Purchase**

Digital gold has become a popular investment option due to its convenience and security. When buying digital gold, a 3% tax on gold purchases is levied. Unlike physical gold, no further GST is levied during resale or redemption. This makes digital gold an attractive and cost-effective choice for investors. You can use this opportunity to buy digital gold through Indiagold. You can use the digital gold to convert them into gold coins, sell them for a profit, or even gift them to your friends. Indiagold’s app makes this whole process seamless. 

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## **GST on Hallmark Gold**

Gold that is hallmarked is subjected to 3% GST on its value. However, it’s important to note that the hallmark charges on making attract a separate GST rate of 5%. This tax structure ensures the cost of both the gold and workmanship is covered under the Goods and Services Tax regime.

## **Tax on Gold Before and After GST**

Gold pricing is influenced by multiple factors, including the cost of extraction, processing, and additional charges such as taxes. GST has significantly changed how taxes are levied on gold and gold jewellery.

| Particulars | Pre-GST | Post-GST |
| ----- | :---: | :---: |
| Value Added Tax (VAT) | 1% | 1% |
| Sales Tax | 1% | Nil |
| Gold Making Charges Tax | Nil | 5% |
| Import Duty | 10% | 10% |
| GST on Gold Value | Nil | 3% |

**Key observations:**

* **Introduction of GST on gold value:** Before GST, there was no specific tax on the value of gold. However, under GST, a 3% tax is levied on the value of gold, increasing the overall cost for consumers. 

* **Tax on making charges:** Earlier, there was no gold tax rate for making charges. After GST, a 5% tax is applied to gold jewellery’s making charges, further adding to the price of the finished jewellery. 

* **Import duty:** Import duty on gold remained unchanged at 10% before and after GST. This kept the cost of raw gold for imports stable. 

**Current Effective Gold Tax in India**

* **Pure gold:** For pure gold, the combined GST and import duty account for 10.5% of the total price.   
  * **Breakdown:** 3% GST on gold value \+ 7.5% import duty

* **Gold jewellery:** For gold jewellery, the total tax burden includes:  
  * 3% GST on gold value  
  * 5% GST on making charges  
  * 10% import duty on raw gold

## **Impact of GST on Gold**

The introduction of GST has significantly influenced gold prices and industry practices.

* **Gold import:** With GST and customs duties combined, the overall cost of imported gold increased. However, Free Trade Agreements (FTAs) with nations like South Korea allow GST-registered importers to reduce customs burdens. 

* **Ornaments:** Variations in making charges among jewellers impact the final price for consumers. The GST system has improved transparency but also increased costs slightly. 

* **Sectoral impact:** GST has enhanced record-keeping, especially in the unorganised sector which accounts for about 70% of gold transactions. However, higher taxes may encourage gold smuggling or unbilled sales. 

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## **GST Calculation on Gold**

The final price of gold jewellery is typically calculated using the following formula:  
Price of Gold (per gram) x Weight \+ Making Charges \+ 3% GST (on the total value)

Since making charges vary, this often leads to differences in the final costs across jewellers.

## **Exemption for GST on Gold**

The GST Council introduced a significant exemption for gold exporters to boost competitiveness and minimize tax burdens. The exemption was announced on 22nd December 2019\. At the 31st GST Council meeting, it was announced that GST is exempted from the supply of gold by notified agencies to GST-registered gold jewellery exporters.

* **For exports:** This exception eliminated the GST liability for registered gold jewellery exporters, minimizing operational costs. Lower costs made Indian gold jewellery exports more competitive in the global market.

* **For domestic buyers:** Domestic consumers of gold or gold jewellery do not benefit from this exemption. The standard GST rates (3% on gold value and 5% on making charges) continue to apply. 

## **E-Way Bill Rules for Gold**

Starting September 13, 2022, the National Informatics Centre (NIC) mandated the use of e-way bills for transporting gold, gold jewellery, and other precious items. This ensures better tracking and regulation of gold movement.

## **Availability of Input Tax Credit for GST on Gold Business**

Gold merchants and jewellers can claim Input Tax Credit (ITC) on GST paid for raw materials or job work expenses. Even if taxes are paid under RCM for services from unregistered workers, ITC can be availed.

## **Considerations Before Investing in Gold**

**Hallmark and BIS Certification:** 

* **Ensure purity:** Always purchase gold jewellery that is hallmarked or BIS-certified (Bureau of Indian Standards). This guarantees the purity and authenticity of the gold.

**Fineness of Gold**

* **Gold quality and price:** The price of gold is directly influenced by its fineness (purity). Lower-quality gold typically comes at a lower per-gram price.   
  * **24 Carat:** The purest form of gold but not ideal for jewellery making due to its softness.   
  * **22 Carat, 18 Carat, and 14 Carat:** These are commonly used for making jewellery, with 22 Carat being the most popular choice

**Precious and Semi-Precious Stones**

* GST implications: Precious and semi-precious stones used in gold ornaments are taxed differently under the GST regime. Ensure that these stones are listed separately on the purchase bill for accurate tax calculations and transparency.

**Price Fluctuations**

* **Gold price variability:** The price of gold fluctuates daily, influenced by:  
  * **Demand and supply:** Global demand for gold can impact its price.   
  * **Import duty:** Changes in import duties affect gold pricing.   
  * **Currency fluctuations:** Currency value changes, particularly the rupee-to-dollar exchange rate, can also affect gold prices.   
  * **Indian jewellery market trends:** Domestic market trends play a significant role in pricing. 

## **Conclusion** 

GST on gold has streamlined the taxation process but also added to the overall cost for consumers. While it has brought transparency and better regulation to the gold industry, the tax burden varies depending on the type of gold product and additional charges like making fees. Buyers and investors must stay informed about these taxes to make educational decisions in their gold purchases. Indiagold makes it easy by providing a streamlined platform to invest in digital gold as well as opt for gold loans for your any needs. 

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Learn about GST on gold in India, including updated rates, making charges, and its impact on gold jewellery, coins, and digital gold investments.

Gold plays a crucial role in Indian culture and economy. It transcends its traditional appeal during festivals like Dhanteras. The taxation framework for gold in India significantly impacts its pricing, creation, selling, and importing process.

GST on Gold

GST on Gold in India

# **IDBI Bank Gold Loan Interest Rates**

IDBI Bank offers gold loans to support various financial needs, catering to farmers, small businesses, traders, distributors, and self-employed professionals. These loans are designed to provide quick liquidity, helping you meet temporary expenses, urgent medical requirements, social obligations, and business financing needs. 

## **IDBI Bank Gold Loan Details**

IDBI Bank provides swift and efficient gold loans. They are a practical choice for those looking for secured credit solutions. 

* **Loan amount:** Rs. 10,000 to Rs. 50 lakhs

* **Interest rate:** Starting from 5.88% per annum

* **Tenure:** 3 to 12 months

## **Features of IDBI Bank Gold Loan Schemes**

* **Loan amount:** The IDBI Bank gold loan starts from Rs. 10,000 making it accessible for small financial needs. The maximum limit is capped at Rs. 50 lakhs, ideal for larger financial goals. 

* **Flexible tenure:** You can choose repayment periods from 3 to 36 months which ensures convenience. 

* **Competitive interest rate:** IDBI Bank offers attractive rates, making gold loans affordable for a wider range of borrowers. 

* **Targeted assistance:** Farmers can access funds for cultivation, medical, and social obligations. Small businesses, traders, and professionals can finance their operational needs. 

* **Hassle-free process:** Quick application, approval, and disbursal are ensured when all necessary documents are provided. 

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## **Types of IDBI Bank Gold Loan**

IDBI bank provides three major gold loans:

* **Agricultural gold loans:** Tailored for farmers to address agricultural and related financial needs. 

* **Business gold loans:** Available for small businesses, traders, and professionals to manage operations or expand ventures. 

* **Personal gold loans:** Designed for individuals requiring funds for education, medical emergencies, social functions, or home margin payments.

## **IDBI Gold Loan Per Gram Rate**

The per gram rate depends on the loan amount, quality and purity of the pledged gold prevailing gold prices and bank policies. It also depends on government regulations and external market factors. 

## **IDBI Bank Gold Loan Interest Rate**

* The starting interest rate is 5.88%.

* Rates vary based on:  
  * Loan amount  
  * Quality and purity of pledged gold  
  * Other external factors influencing lending policies

* Transparent disclosure of fees ensures you have a clear understanding of your financial obligations. 

## **IDBI Bank Gold Loan Fee and Charges**

In addition to the interest rate, the following charges apply:

* **Processing fee:** 1% of the loan amount. 

* **Prepayment/foreclosure charges:** No charges after 3 months. 2% of the outstanding amount \+ GST if foreclosed within 3 months. 

* **Valuation fee:** Rs. 250 for loans up to Rs. 1.5 lakh. Rs. 500 for loans above Rs. 1.5 lakh. 

* **Late payment penalty:** 2% per annum on the applicable interest rate. 

* **Renewal processing fee:** Rs. 350 \+ GST

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## **Interest Rate of IDBI Gold Loan Compared to Other Lenders**

IDBI Bank offers competitive interest rates, starting from 5.88% for gold loans when compared to other lenders. 

| Bank  | Interest Rates |
| ----- | ----- |
| SBI | 9.10% onwards |
| Canara Bank  | 9.25% onwards |
| HDFC Bank  | 9.30% onwards |
| Axis Bank  | 9.35% onwards |

## **IDBI Gold Loan EMI Calculator**

You can estimate your EMIs using the IDBI Bank gold loan EMI calculator. This tool requires:

* **Interest rate:** Enter the applicable IDBI loan interest rate for gold. 

* **Loan amount:** Specify the amount you wish to borrow. 

* **Repayment tenure:** Choose your preferred repayment duration. 

This simple tool provides instant results to help you plan your finances effectively. 

## **IDBI Bank Gold Loan Eligibility**

To avail of the gold loan from IDBI Bank, you must meet the following criteria:

* **Age:** Minimum 21 years old.

* **Income requirements**: A stable income source, particularly from agriculture, or an annual income meeting bank criteria. 

* **Land ownership:** Farmers must possess at least one hectare of land. 

## **Documents Required for IDBI Gold Loan**

Applicants need to submit the following documents:

* **Identity proof:** Voter ID, PAN card, passport, or driving license.

* **Address proof:** Ration card, utility bill, or passport. 

* **Income proof (if required):** 12-month bank statement and previous year’s income tax returns (ITR).

* **Proof of business:** Sales tax certificate, lease deed, or utility bills.

* **Professional proof:** Degree certificate for self-employed individuals. 

* **Other requirements:** Recent passport-sized photographs, account statements, and any additional documents requested by the bank. 

## **How to Apply for IDBI Gold Loans?**

You can apply for gold loans with IDBI Bank both online and offline. You need to follow the simple steps in order to do so. 

**Online Application**

1. Visit IBDI Bank’s official gold loan page.   
2. Fill in details like name, address, date of birth, city, and other relevant information.   
3. Submit the application and await bank follow-up. 

**Offline Application**

1. Visit the nearest IDBI Bank branch or you can download the form from IDBI Bank’s website.  
2. Fill out the application form and submit the necessary documents.   
3. Pledge gold items, after which the loan is sanctioned and disbursed directly onto your account. 

## **Conclusion**

IDBI Bank’s gold loan scheme offers a seamless and reliable solution for diverse financial needs. With competitive interest rates, flexible tenure, and minimal documentation, it ensures accessibility for a wide range of borrowers. By leveraging the value of gold, individuals can meet urgent requirements while enjoying a transparent and hassle-free borrowing experience. 


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BOB Gold Loan, Gold Loan, BOB Bank Gold Loan Interest Rate, Bank of Baroda

IDBI Bank Gold Loan Interest Rate 5.88% - 10% p.a | indiagold

IDBI Bank Gold Loan interest rate is starting at 5.88% - 10% p.a. IDBI Bank gold loan per gram rate is ₹ 3,800 to ₹ 4,350. Get a Gold Loan at 9% Interest rate at indiagold. Get 100% Free insurance on your gold with minimal documentation.

IDBI Bank offers gold loans at competitive interest rates, providing quick financial assistance by leveraging gold assets. The loan amount depends on the per gram gold rate, loan-to-value ratio, and RBI guidelines. This article provides insights into IDBI Bank's gold loan interest rates, per gram rate, and eligibility requirements.

IDBI Bank Gold Loan Interest Rate 2024 – Latest Per Gram Rate & Eligibility

IDBI Bank Gold Loan offers competitive interest rates, quick disbursal, and flexible repayment options, making it an ideal choice for individuals looking for secured loans against gold assets.

IDBI Bank Gold Loan

IDBI Bank Gold Loan Interest Rate

# **IIFL Gold Loan Interest Rates**

IIFL gold loan is a convenient financial solution tailored for Indian customers. It offers competitive interest rates and flexible repayment choices. By pledging gold as collateral, you can quickly access funds to meet various personal and professional needs. 

## **IIFL Gold Loan Details**

IIFL loans provide you with easy access to the quick funds that you require.

* **Loan amount:** Minimum amount is Rs. 3000 or the value of 1 gram of gold (whichever is higher)

* **Repayment tenure:** Up to 2 years, with options to repay monthly, quarterly, or annually

* **Interest rate:** 11.88% per annum to 27% per annum

* **Loan-to-value (LTV) ratio:** Up to 75% of your pledged gold’s market value

* **Processing fees:** Starting from Rs. 0, nominal charges may apply as per the loan scheme

* **Penal charges:** 0.50% per month (equivalent to 6% per annum) plus GST

* **Pre-closure/part-payment charges:** No charges

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## **Features of IIFL Gold Loan Schemes**

* **Wide interest rate:** The interest rates vary between 11.88% to 27% per annum, depending on the loan scheme.

* **Quick processing:** Loan approval takes just 5 minutes, and funds are disbursed within 30 minutes. 

* **Purity requirement:** Gold jewellery with a purity level of 18 carats or more is accepted. 

* **Open to all applicants:** Available for salaried individuals, business owners, homemakers, students, and more. 

* **Market-based value:** The gold’s value is calculated using the current per gram market price. 

* **Loans tailored to gold quality:** Net gold weight, purity, and LTV ratio determine the loan amount, tenure, and interest rate. 

* **Exclusion of non-gold elements:** The valuation does not include stones, gems, or other non-gold components in jewellery.

## **IIFL Gold Loan Schemes**

* **IIFL Gold Loan at Home:** This option allows you to apply for a gold loan from the comfort of your home. It caters to your personal or professional needs. The tenure extends up to 2 hours, and the LTV ratio goes up to 75%.

* **IIFL MSME Gold Loan:** Tailored for entrepreneurs, this loan helps address business-related expenses. You can avail of up to 75% of their gold’s value with a maximum tenure of 2 years. 

* **IIFL Gold Loan for Women:** Designed to support women for personal or business needs. It offers up to 75% of the pledged gold value as a loan, with a flexible tenure of up to 2 years.

* **IIFL Agricultural Gold Loan:** Ideal for farmers, this loan supports agricultural investments like seeds and equipment. It has an LTV ratio of up to 75% and a repayment tenure of 2 years. 

* **IIFL Gold Loan for Education:** Specifically aimed at covering educational expenses, including tuition and study materials, with an LTV of up to 75% and a tenure of 2 years.

## **IIFL Gold Interest Rate for Loans**

You get a competitive IIFL interest rate for gold loans ranging from 11.88% to 27% p.a. This is comparatively more accessible than the IIFL business loan interest rate which ranges up to 36%. The IIFL loan interest rate depends on the loan amount, repayment tenure, and frequency. These rates ensure that borrowers can access funds against their gold with manageable repayment terms. You can also use the IIFL gold loan calculator to understand the interest rate as per your requirements. 

## **IIFL Gold Loan Fees and Charges**

* **Processing Fees:** Starting from Rs. 0, nominal fees based on the scheme. 

* **MTM charges:** Rs. 500

* **Auction actions:** Rs. 1,500

* **Auction intonation charges:** Rs. 200 

* **SMS charges:** Rs. 5.90/quarter

## **IIFL Gold Loan Eligibility**

* Salaried, self-employed, and non-salaried individuals, with no requirement for income proof. 

* The minimum age is 18 years; the maximum age is 70 years at loan disbursal and 72 years at renewal. 

* Gold ornaments with 18 to 22 purity are accepted.

## **IIFL Gold Loan Documents Required**

* **Identity proof:** Aadhaar card, PAN card (mandatory for loans above Rs. 5 lakh), voter ID, passport, driving license, or bank statement

* **Address proof:** Aadhaar card, passport, driving license, electricity bill, voter ID, ration card or bank statement

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## **How to Apply for IIFL Gold Loan?**

To apply for an IIFL finance gold loan, follow these steps:

1. **Application:** Begin by submitting your application through your preferred channel- either online via the IIFL website/app or by visiting a branch in person. IIFL also offers a convenient “Gold Loan at Home” service where a representative comes to your location. 

2. **Gold evaluation:** A trained appraiser evaluates the purity and quality of your hold. If you have chosen the “Gold Loan at Home” service, the evaluation will be conducted at your doorstep. The loan amount is determined based on the purity and value of the pledged gold. 

3. **Documentation:** Ensure your KYC documents (Aadhaar, PAN, etc.) are ready as per RBI guidelines. The documentation process is quick and ensures compliance with legal norms. 

4. **Approval and disbursement:** After conforming your agreement with the loan amount and terms, the loan is approved. A minimal processing fee is deducted, ranging between 0.10% and 1%. Funds are disbursed promptly, often within minutes of approval. 

## **IIFL Gold Loan Foreclosure and Part-Payment**

* **Foreclosure:** Borrowers can foreclose the loan after clearing the amount before the tenure ends. Charges range from Rs. 0 to Rs. 150 for foreclosing within 3 months, with no charges after 3 months. 

* **Part-payment:** Partially repaying the loan reduces the outstanding principal, lowering the interest burden. This option also allows partial release of the pledged gold. 

## **IIFL Gold Loan Repayment**

* **At branch:** You can make a repayment by visiting the nearest IIFL branch, ensuring immediate processing. You can get assistance from branch executives. 

* **Online:** You can repay the loan through a secure online platform, accessible anytime from anywhere. 

* **Through the app:** The IIFL Loans app provides a user-friendly way to manage loan accounts, view details, and make payments conveniently. 

## **Conclusion** 

IIFL gold loans provide a secure and accessible way to unlock the value of your gold, catering to diverse financial requirements. Its customer-centric approach, transparent processes, and flexible terms make it a reliable choice for those seeking quick financial assistance. With IIFL, you can manage your immediate needs without compromising your long-term goals.

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#### Related Articles

- *[Federal Bank Gold Loan Interest Rates](https://blogs.indiagold.co/federal-bank-gold-loan-interest-rate)*
- *[A Detailed Guide To The PM Mudra Yojna](https://blogs.indiagold.co/a-complete-guide-to-the-pm-mudra-yojna)*

IIFL Gold Loan interest rate is 9.48%-15% p.a upto Rs 50 Lakhs amount. IIFL Gold loan rate per gram of gold is ₹4290 for 22 Carat. Get a Gold Loan at 0.77% Interest rate at Indiagold. 

IIFL Gold Loan Interest Rate @9.48%-15% p.a | Per Gram Rate

IIFL Gold Loan interest rate is 9.48%-15% p.a upto Rs 50 Lakhs amount. IIFL Gold loan rate per gram of gold is ₹4290. Get indiagold Gold Loan at 9.24%. Get 100% Free insurance on your gold with minimal documentation.

IIFL Gold Loan is a preferred financing option for individuals looking to leverage their gold assets. With competitive interest rates, flexible repayment options, and instant disbursal, IIFL offers a seamless borrowing experience for gold loan applicants. This article provides details on IIFL gold loan interest rates, per gram rate, eligibility criteria, and the application process.

IIFL Gold Loan Interest Rate 2024 – Latest Per Gram Rate & Eligibility

IIFL Gold Loan offers competitive interest rates, instant approval, and flexible repayment options, making it an ideal choice for individuals seeking secured loans against gold assets.

IIFL Gold Loan

IIFL Gold Loan Interest Rate 2024

## What is Gold Loan

A gold loan is a secured loan in which you pledge gold as collateral in return for cash. Gold loans are in huge demand due to the lower interest rate and fast disbursal. Gold loans also provide the borrowers with an easier financing and highly flexible repayment plans.

## Key Features of Gold Loans

* ### Pledge of physical gold as collateral

Gold loans or jewellery loans are collateral backed loans, where the borrower’s gold serves as a collateral to secure loan amount. This collateral essentially decreases the risk exposure of the lender as in an event of default, the lender reserves the right to liquidate the collateral to recover any outstanding dues. However, on the flip side, presenting the collateral helps secure reasonable terms, and low interest rates on loans. This is the reason why gold loans are offered at an attractive rate of interest with high loan approval rates.

* ### Flexible repayment options 

Gold loans offer highly flexible repayment options to the borrowers. Generally, a monthly interest payment is charged to the borrowers. However, the borrower can choose to make a bullet payment towards the loan to decrease the loan liability and payable net interest. 

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## Types of Gold Loans

* ### Personal Gold Loan

Personal Gold loans are availed by the borrowers to fund personal expenses, which can be fit for various purposes like funding required in case of an emergency, to fund education, marriage, and even to avail money for any other personal purpose. These loans are taken with personal jewellery serving as a collateral for the loan.

* ### Business Gold Loan

Gold loans availed to fund business expenses qualify under Business Gold Loans. The capital availed from this loan can be used for a wide range of purposes like starting business, funding working capital requirements, funding expansionary projects and other expenses like funding inventory, funding expenses related to employee salaries, etc. 

* ### Long term vs Short term gold loans

Gold loans offer a highly flexible term. The borrowers can enjoy gold loans for both long as well as short terms. The borrower has flexibility in terms of repayment, as most of the gold loans offered have a monthly interest component attached to it, however as per the borrower’s convenience they can make additional bullet payments towards their loan essentially decreasing the principal amount as well as net interest monthly interest payment.

## Gold Loan Process

The process of securing a loan on gold jewellery or gold in any form is pretty straightforward and quick\! A person with possession of physical gold in any shape and form can avail gold loan in a matter of minutes. Following are the steps involved in securing a gold loan 

* ### Gold Evaluation

Upon placing the request to avail a gold loan, the borrower would be asked to produce the gold ornament or jewellery against which they wish to avail a gold loan. Upon producing the gold, the lender will then take the gold and do a physical evaluation of the same, which includes various checks and balances which not only measures the weight of the collateral, but also determines the purity level. If one wishes to avail loan against gold jewellery, then the assessment would help determine the net weight of gold in the jewellery (excluding any stone work). This helps determine the market value of the gold. Based on the evaluation, would the lender proceed with the next steps of releasing the gold loan.

* ### Loan Amount Calculation

Based on the result of the evaluation process, which gives a fair idea of the weight of the gold, purity level is the lender able to determine the current market value of the collateral. Every lender has an acceptable maximum amount that they can give as a loan against the security. This is called LTV (Loan to Value). As per the RBI (Reserve bank of india) guidelines, maximum loan to value offered can be up to 70%. I.e. The maximum amount that can be released as a loan against gold collateral cannot exceed 70% of the gold’s market value.  
Based on the current market value, determined from the assessment, the lender then offers the gold loan to the borrower with disclosures about the LTV, processing fees, interest rates being offered. Lenders like India Gold offer one of the lowest interest rates on instant gold loans which makes the overall cost of borrowing attractive for the borrowers\! 

* ### Agreement and Documentation

Upon explaining all the relevant costs, terms and conditions, repayment schedule, etc. Once the borrower and lender are in concurrence, then a loan agreement is signed between the two parties. Essentially meaning that both borrower and lender enters into a legal contract highlighting all the details of the loan, and all relevant terms and conditions. It is advisable that the borrower reads these terms and conditions and be fully aware before entering into a legal contract. Failing to do so may attract unwanted surprises.

* ### Disbursement of Funds

Once the agreement has been signed and documents are processed, the lender then takes possession of the gold collateral and releases the funds to the borrower. The mode of payment release may vary depending upon the borrower’s preference, however citing the recent uptrend in all things digital, even the funds are directly released in the borrower bank account digitally.

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## Key Features that makes Gold Loans the fastest way to access capital

* ### Minimal Documentation

One of the key features of gold loans is the minimal documentation involved with securing the loan. All that the borrower needs to do is to find a lender, get the gold assessment done, and sign the agreement. The documents required would be the borrower’s Aadhar card, PAN card, and address proof along with the details and actual collateral i.e. gold.

* ### Instant Disburment

Gold loans offer instant disbursal of loan amount. Once the lender has made a successful assessment of the collateral, and based on the LTV (Loan to Value) agreed between the borrower and the lender and agreement executed, the lender takes possession of the collateral and releases the loan immediately. Based on the preference of payout, the borrower receives money either in the form of cash or a direct bank transfer. This is one of the  best and key features as the whole process from assessment to disbursal of loan amount takes a very short span of time. 

* ### Low Impact of Credit Score

Gold loans are backed by gold as collateral. Collateral backed loans carry a low risk from the lender’s perspective as it ensures that the lender would be able to recover the dues in an event of default by the borrower. Hence, even if a borrower looking for a gold loan has a low credit score, chances of approval are higher since they are backing up the loan with a gold collateral, which mitigates the lender’s risk, essentially making it easier for the borrower to secure debt funding.

* ### Loan Amount Flexibility

Another selling point of gold loans is the flexibility it offers with respect to the loan amount that can be taken. The loan amount that can be secured is directly proportional to the value of the collateral. If a borrower has a gold collateral with a high market value then they can take a high amount of loan. Although it is suggested that the borrower burrows responsibly, by considering their debt serviceability. Also, it is important to note that as per regulations put forth by the Reserve Bank of India (RBI) the lenders can offer a maximum loan to value (LTV) ratio of 75%. Borrowers can explore lenders willing to offer high LTV but within the RBI threshold. Lenders like India Gold offer attractive LTV while giving gold loans at a low interest rate\!

## Comparison between Personal Loan and Gold Loan:

|  | *GOLD LOAN* | *PERSONAL LOAN* |
| ----- | ----- | ----- |
| ***Ease of Securing Loan*** | Gold Loans are comparatively easier to secure citing the fact that these are backed by gold as a collateral which means lower risk for the lenders and subsequently higher possibility of loan approval | Personal Loans are subjected to eligibility, and highly susceptible to rejections citing low credit score, unfavourable loan history, and other lending terms and conditions |
| ***Documentation process*** | The documentation process related to Gold loans is pretty straightforward and involves less time and effort  | Documentation process for personal loans can be a lengthy process, can involve high degree of documentation requirement |
| ***Timeline of Processing*** | Gold loans can be availed in a matter of minutes, the only requirement being that the borrower has the gold collateral handy | Timelines associated with personal loans vary depending upon the size of the loan, and the credit profile of the borrower, but the timelines for processing are generally longer than Gold Loans |
| ***Collateral Requirement*** | Gold loans as a product is designed in a way where the gold is kept as a collateral to secure debt funding | Personal loan may or may not require collateral from the borrower, as it depends on the risk level of the borrower’s credit profile  |
| ***Impact of Credit Score*** | Borrower’s credit score has a low impact on securing a gold loan as the loan is backed by gold as a collateral  | Credit score has a high impact on personal loan, and it impacts the probability of approval or rejection by a great degree |

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## Situations where Quick Gold Loans can be Beneficial

* ### Emergency Expenses

Due to an unfortunate event, a person may be in a position needing immediate money to fund emergency expenses. In such cases, gold loans are a viable option as it offers a relatively easy loan process and quick processing, making it perfect for funding emergency expenses.

* ### Business Financing

Gold loans are a viable option to finance business needs, be it to fund expenses related to starting a business, fund working capital requirement, fund expansionary projects like introduction of new products, or expansion in new market, buy machinery, etc. or to even fund small and large expenses, gold loans are a viable way to secure funding since it offers quick processing, and easy approval.

* ### Short Term Financial needs

Gold loans are perfect for funding short term financial needs, as these loans offer instant loans, and a highly flexible repayment plan, where the borrower can make small bullet payments towards the loan or a big single payment to repay the entire loan.

## Key Things to Consider:

* ### Gold Value Fluctuations

Gold as an asset has a highly volatile value, i.e. the price fluctuates highly frequently. This may impact the LTV, hence the loan value being offered to a borrower at a certain point and time does not guarantee the same loan amount offered in the future. It may increase or decrease depending upon the price fluctuation.

* ### Interest Rate

Interest rates depend upon the bank rate, and also the rates offered by various lenders. In case of gold loans, since the risk component for the lenders is low, usually interest rates offered are highly attractive\! Lenders like India Gold offer highly attractive interest rates making it one of the best possible options to avail a gold loan.

* ### Repercussion of Default

Since gold loans are backed by gold as a product, the collateral means that the lenders have the right to liquidate the collateral in an event of a default from the borrower. Hence, it is important that the borrower ensures that they are making timely repayments as failing to do so may result in loss of collateral.

## Conclusion

Gold loans are very popular because of the speedy processing, lower interest rates, and flexible repayment plans. As gold is used as a form of collateral, lenders can offer attractive terms as the risk associated with lending is relatively low. The process involves gold evaluation, loan amount calculation based on the value of the gold, and minimal documentation, making them accessible even with a low credit score. As soon as the agreement is signed, funds are released in a very short time either in cash or through bank transfer. These loans are perfect for emergency expenses, business financing, or other short-term needs. The borrowers must, however, be careful about the fluctuation in gold prices and the consequences of default since money lenders liquidate the collateral. And that is why gold loans are fast, flexible, and reliable in terms of short-term capital access with minimal documentation and quick disbursal.

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Gold loans provide secure, hassle-free access to funds with high approval rates. Learn how to use your gold as collateral for quick and easy financing today!

Why Gold Loans Are the Quickest Way to Access Funds

Gold Loan Quick Access Guide

Federal Bank gold loans offer a reliable and hassle-free solution for securing funds to meet immediate financial needs. With competitive interest rates and a quick approval process, these loans are ideal for purposes like education, weddings, or business expansion. 

## **Federal Bank Gold Loan Details**

The gold loans from Federal Bank come with key features that cater to diverse customer needs:

* **Interest rate:** Starts at 8.99% per annum.

* **Loan amount:** A flexible range starting from as low as Rs. 1,000 with no upper limit.

* **Gold loan tenure:** The tenure options range from 6 months to 36 months.

* **Processing fees:** Nominal charges ensure affordability.

* **Eligibility:** Open to any creditworthy individual, ensuring accessibility for a broad audience.

## **Features of Federal Bank Gold Loan Schemes**

* **Minimum loan value:** The minimum loan value from Federal Bank is Rs. 1000\. This makes them accessible for smaller financial needs. 

* **Maximum limit:** No upper cap as it is a secured loan backed by gold. 

* **Secure storage:** Your pledged gold is safely stored and returned upon loan repayment. 

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## **Types of Gold Loans from Federal Bank**

Federal Bank offers various types of gold loan schemes tailored to meet different customer needs. 

* **General gold loan:** A standard gold loan suitable for family or personal needs, with a simple application process and competitive interest rates. 

* **Digi gold loan:** A fully digital gold loan that enables customers to apply for and manage their loans entirely online. 

* **Digi gold NRI variant:** A special variant designed for non-resident Indians, combining convenience and specific benefits to NRIs. 

* **GL graded interest rate scheme:** Offers a graded interest rate structure, ensuring flexibility in repayment and lower interest for smaller amounts. 

* **ISS KCC gold loan:** Targeted at farmers under the Kisan Credit Card scheme, this loan supports agricultural activities with tailored repayment terms. 

* **Kisan gold loan Federal bank:** Another agricultural-focused loan providing farmers with funds for cultivation or related activities. 

* **MSME gold loan:** Tailored for Micro, Small, and Medium Enterprises, helping them meet working capital or expansion needs. 

* **Fed Smart Saver scheme:** Combines a gold loan with a unique saving advantage, offering flexibility and financial benefits.

## **Federal Bank Gold Loan Rate Per Gram**

The rate of gold per gram varies on gold purity and market rates. The per gram loan also depends on the scheme you have chosen:

* **Federal Bank General gold loan:** Up to 75% of the current market value.

* **Federal Bank Agriculture gold loan:** Up to 90% of the market value, specifically for agricultural needs. 

* **Federal Bank Non-Agricultural gold loan:** Up to 75% of the current market value.  

* **Federal Bank MSME gold loan:** Up to 75% of the gold’s value. 

## **Federal Bank Gold Loan Interest Rate**

Federal Bank offers both floating and fixed interest rates, ensuring options for every borrower:

* **Floating rates:** Start at 8.99% per annum, fluctuating with market conditions.

* **Fixed rates:** Start at 9.97% per annum, providing predictable repayment terms. 

* **Fed Smart Saver gold loan rates:** Begin at an attractive 8.15% per annum, ideal for cost-conscious borrowers.

The interest rate of gold loans is comparatively lower than Federal Bank personal loans. You can also use the Fed Gold loan calculator to identify the EMI amount you need to pay. You just need to input the principal loan amount, interest rate and loan tenure to get the approximate amount you have to pay per month. 

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## **Federal Bank Gold Loan Maximum Limit**

Federal Bank offers a maximum gold loan of up to Rs. 150 lakh. It provides substantial financial assistance for personal, agricultural, or business needs. 

## **Federal Bank Gold Loan Processing Fee**

**Processing Fees by Schemes:**

* **General gold loan:** Rs. 180 to Rs. 270

* **Digi gold loan:** 0.25% of the loan amount (Minimum fee is Rs. 500\)

* **Digi gold NRI variant:** 1% of the loan amount (Minimum fee is Rs. 500\)

* **GL graded interest rate scheme:** 0.35% of the loan amount (Minimum fee is Rs. 350\)

* **ISS KCC gold:** 0.80% of the loan amount

* **Kisan gold scheme:** Rs. 530 to Rs. 1,700

* **MSME gold loan:** Rs. 180 to Rs. 270

* **Fed Smart Saver scheme:** 0.50% of the loan amount (Minimum fee is Rs. 500\)

**Security Operations Fee by Scheme**

* **OD-Digi-Gold loan scheme, OD-Digi-Gold-NRI loan scheme:** Rs. 250 \+ GST after the third operation in a month

* **Other gold loan schemes:** Rs. 250 for each additional operation

**Penalty Charges for Delayed Repayment**

* **Agricultural gold loan schemes:** 14.50% from the due date

* **Non-agricultural gold loan schemes:** 16.50% from the due date

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## **Federal Bank Gold Loan Eligibility**

To get eligible, you must meet:

* **Age:** You must be at least 18 years old. 

* **Gold purity:** The pledged gold must have a minimum purity of 22 carats.

## **Documents Required to Avail Federal Bank Gold Loan**

* **Existing clients:** No additional paperwork is required.

* **New clients:** Need to submit-  
  * **Identity proof:** Aadhaar card, PAN card, or passport  
  * **Address proof:** Utility bills, ration card, or lease agreement  
  * Recent photograph

## **How to Apply for Federal Bank Gold Loans**

You can apply for the gold loans through both an online and offline process.

**Online Process:**

1. Visit the Federal Bank’s gold loan application page.  
2. Submit the required details and documents.  
3. Visit the branch with gold for valuation.   
4. Upon approval, receive the funds directly in your bank account. 

**Offline Process:**

1. Visit a nearby Federal Bank branch with the necessary documents and gold.   
2. Fill out the application form and provide gold for evaluation.   
3. Post verification, the loan amount is credited to your account.

## **How to Pay Gold Loan Interest in Federal Bank Online**

Abide by these steps to pay your gold loan along with the interest:

1. Log in to the FedMobile app.  
2. Select “Loan Repayment” in the Bill Payment section.   
3. Enter loan details and verify the amount.  
4. Complete the payment using your account. 

This online facility ensures convenience and timely payments.

## **How to Close a Gold Loan in Federal Bank**

To close your loan, follow these steps:

1. Visit the branch with the required documents and repayment amount.  
2. Submit a loan closure application.   
3. Clear outstanding dues and collect the No Dues Certificate (NDC).  
4. Retrieve your pledged gold. 

## **Conclusion** 

Federal Bank’s gold loan offerings cater to diverse needs with flexible schemes, competitive interest rates, and high loan limits. From minimal processing fees to transparent charges, their customer-centric approach ensures accessible and secure financing. These features make Federal Bank a reliable choice for leveraging your gold assets efficiently. 

#### **Related Articles**

- **[Opening an EV Charging Station Franchise in India: The Ultimate Guide](https://indiagold.co/blogs/ev-charging-station-franchise-india)**
- **[Why Gold Loans Are the Quickest Way to Access Funds](https://indiagold.co/blogs/why-gold-loans-are-the-quickest-way-to-access-funds)**

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Federal Bank Gold Loan interest rate is 9.5% p.a upto 50 Lakhs amount. Federal Bank Gold loan rate per gram of gold is ₹ 2,900 to ₹ 3,450 for 22 Carat.

Federal Bank Gold Loan Interest Rate @9.5% p.a | Per Gram Rate

Federal Bank Gold Loan interest rate is 9.5-15.5% p.a upto Rs 50 Lakhs amount. Federal Bank Gold loan rate per gram of gold is ₹ 2,900 to ₹ 3,450 for 22 Carat. Get gold loan from indiagold at 9%.

Federal Bank Gold Loan interest rate is 9.5-15.5% p.a. up to Rs 50 Lakhs. Federal Bank Gold Loan rate per gram of gold is ₹2,900 to ₹3,450 for 22 Carat. Get a gold loan from IndiaGold at 9%.

Federal Bank Gold Loan Interest Rates

Federal Bank Gold Loan

If you need a loan urgently, one of these top 21 instant loan apps may be the answer. These apps offer immediate loans to borrowers, providing them with a quick and hassle-free way to get the funds they need. The convenience of these apps has made them an appealing choice for many in need of fast financial assistance, all from the comfort of their homes.

If you’re looking for some of the best loan apps, look no further\!  
Here's a look at some popular options available in the market today:

### **1\. Indiagold:**

indiagold is an online doorstep gold loan provider app with the lowest interest rate of just 0.77% per month along with 100% insurance on your Gold jewellery. Indiagold offers quick loan approval, which essentially helps you get the amount just within 30\* minutes of the loan approval process directly into your bank account. You don't need to visit any branch \- a loan manager will visit your home and complete the process in your need of emergency. Indiagold in many people’s opinion is one of the best instant loan app in India, offering quick, easy, and hassle free loans to fulfill one’s needs and cash requirement.

**Here are some reasons why a gold loan might be a better option than a personal loan:**

**Lower interest rates:** Gold loans typically have lower interest rates compared to personal loans because they are secured loans. This means that the borrower pledges their gold as collateral, which reduces the lender's risk and allows them to offer lower interest rates

**Easier eligibility criteria:** Gold loans are easier to obtain as the eligibility criteria are simpler. Since the loan is secured against gold, the lender is more likely to approve the loan even if the borrower has a low credit score or a history of defaulting on loans

**Faster disbursal:** Gold loans are also disbursed faster than personal loans as the lender only needs to verify the value of the gold being pledged. This makes it an ideal option for those who need funds quickly

**Flexibility in repayment:** Gold loans offer more flexibility in repayment as the borrower can choose to repay the loan in small amounts over a longer period. Additionally, they can choose to make prepayments or foreclose the loan without any penalty charges

**Lower risk of default:** Since the loan is secured against gold, the risk of default is lower as the lender can sell the gold in case of non-payment. This reduces the risk for the lender and makes it easier for them to recover the loan amount.

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### **2\. Moneyview:**

Loans ranging from Rs. 10,000 to Rs. 5 lakh are provided by Moneyview, an app-based lender. Moneyview is often regarded as a great online instant personal loan app in India. With a minimum required CIBIL score of 650, they provide instant approval and fund disbursement.

### **3\. EarlySalary:**

EarlySalary, another app-based lender, provides instant loans to those with a salary. They extend loans from Rs. 5,000 to Rs. 5 lakh and demand a minimum CIBIL score of 575\. It consistently ranks high among the personal loan apps online.

### **4\. CASHe:**

A digital lending platform, CASHe offers loans that vary between Rs. 10,000 and Rs. 2 lakh. Getting a loan from this online loan app is pretty easy and convenient. A minimum CIBIL score of 600 is required, and they grant instant approval and fund disbursement.

### **5\. FlexSalary:**

Operating as a digital lending platform, FlexSalary grants loans from Rs. 4,000 to Rs. 2 lakh. With a minimum CIBIL score of 575, they ensure instant approval and distribution of funds. FlexSalary is among the few app for loan which provides seamless onboarding and quick disbursal even with a slightly less credit score.

### **6\. KreditBee:**

KreditBee is a popular digital lending platform that offers loans ranging from Rs. 1,000 to Rs. 2 lakh. They require a minimum CIBIL score of 600 and offer instant approval and disbursement of funds. This lending app is often regarded as one of the leading lending platforms for fast loan disbursal and seamless application process.

### **7\. MoneyTap:**

MoneyTap is a digital lending platform that offers loans ranging from Rs. 3,000 to Rs. 5 lakh. They require a minimum CIBIL score of 600 and offer instant approval and disbursement of funds. Money tap is one of the highly rated lending apps for quick loan disbursal for a suite of lending products. 

### **8\. NIRA:**

NIRA is a digital lending platform that offers loans ranging from Rs. 5,000 to Rs. 1 lakh. They require a minimum CIBIL score of 681 and offer instant approval and disbursement of funds. Nira is a perfect digital loan app if the requirement is of a lower amount, making it a go to platform for the masses.

### **9\. PaySense:**

PaySense is a digital lending platform that offers loans ranging from Rs. 5,000 to Rs. 5 lakh. They require a minimum CIBIL score of 650 and offer instant approval and disbursement of funds. The reason why PaySense consistently ranks among the top loan apps is that it offers loans for a broad range of audience. Irrespective of the size of requirement, PaySense should be able to fulfill.

### **10\. StashFin:**

StashFin is a digital lending platform that offers loans ranging from Rs. 500 to Rs. 5 lakh. They require a minimum CIBIL score of 550 and offer instant approval and disbursement of funds. The quick documentation, application, and disbursement process is why StashFin is among the best instant personal loan apps in the market.

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### **11\. Rupeeredee:**

Rupeeredee is a digital lending platform that offers loans ranging from Rs. 5,000 to Rs. 5 lakh. They require a minimum CIBIL score of 550 and offer instant approval and disbursement of funds. The app offers high convenience, and easy loan application process to the applicants making it an attractive option for the applicants.

### **12\. LoanTap:**

LoanTap is a digital lending platform that offers loans ranging from Rs. 50,000 to Rs. 10 lakh. They require a minimum CIBIL score of 600 and offer instant approval and disbursement of funds. The minimum CIBIL requirement of 600 points is a wonder for many who may not have a perfect score, but in a desperate need of a loan.

### **13\. Money in Minutes:**

As a digital lending platform, Money in Minutes provides loans from Rs. 1,000 to Rs. 50,000. A minimum CIBIL score of 500 is required, with instant approval and fund disbursement available. The platform is great, the standout feature being the ability to serve the demography that most lenders do not serve, i.e. a variety of customers having borrowing needs ranging from INR 1,000 to INR 50,000.

### **14\. AnyTimeLoan:**

AnyTimeLoan, another digital lending platform, extends loans ranging between Rs. 1,000 and Rs. 5 lakh. They need a minimum CIBIL score of 600 and offer immediate approval and disbursement of funds. The flexibility in terms of the borrowing amount is what makes this app standout from the competition.

### **15\. Home Credit:**

Home Credit, a digital lender, offers loans that vary from Rs. 10,000 to Rs. 50,000. Instant approval and fund disbursement are ensured with a minimum CIBIL score of 650\. The app offers instant loan services to borrowers with a smaller borrowing requirement with unmatched ease, which makes it a desirable option for many.

### **16\. MoneyOnClick:**

MoneyOnClick, as a digital lending platform, provides loans within the range of Rs. 3,000 to Rs. 1 lakh. A minimum CIBIL score of 650 is required, and instant approval and disbursement are available. The ability to serve customers with borrowing needs ranging between Rs. 3000 and Rs. 1 lakh is what makes it one of the best personal loan apps in the market.

### **17\. Finomena:**

Finomena offers loans from Rs. 5,000 to Rs. 5 lakh through their digital lending platform. They demand a minimum CIBIL score of 600 and guarantee instant approval and fund disbursement. With relatively low minimum credit score requirements, and quick funds on offer, Finomena is quickly disrupting the market.

### **18\. BuddyLoan:**

BuddyLoan, a digital lending platform, facilitates loans that range from Rs. 10,000 to Rs. 15 lakh. They mandate a minimum CIBIL score of 600 and ensure instant approval and disbursement of funds. With maximum loan ceiling as high as INR 15 lakhs, BuddyLoan is one of the very few online lending platforms offering a proposition with instant loan for a high amount for the borrowers.

### **19\. LoanAdda:**

LoanAdda is a digital lending platform that offers loans ranging from Rs. 10,000 to Rs. 10 lakh. They require a minimum CIBIL score of 600 and offer instant approval and disbursement of funds. LoanAdda offers a relatively high amount compared to its competitors, this coupled with the fact that the customers can enjoy instant loan application is what makes it an option worth exploring for the borrowers.

### **20\. Qbera:**

Qbera is a digital lending platform that offers loans ranging from Rs. 25,000 to Rs. 15 lakh. They require a minimum CIBIL score of 575 and offer instant approval and disbursement of funds. With such a low minimum CIBIL score requirement in place and the platform's ability to give loans for as high as INR 15 lakhs, Qbera is poised to fare well in the lending space, as the customers quickly flock to the platform to fulfill their borrowing needs.

### **21\. LoanFront:**

LoanFront is a digital lending platform that offers loans ranging from Rs. 50,000 to Rs. 10 lakh. They require a minimum CIBIL score of 600 and offer instant approval and disbursement of funds.

It's important to note that these lenders typically charge higher interest rates compared to traditional lenders, so it's important to read the terms and conditions carefully before applying for a personal loan without CIBIL.

Additionally, borrowing from multiple lenders can negatively impact your credit score, so it's important to borrow only what you need and can repay on time

## Conclusion

The article mentions some of the top instant loan apps in India for 2025 that offer easy and convenient access to money for urgent requirements. Indiagold is one of the best, and it offers gold loans with a very low rate of interest of just 0.77% per month. The best part about Indiagold is that you don't need to visit a bank or branch. A loan officer will come to your house, value your gold, and sanction and disburse the loan within 30 minutes. Gold loans also charge less interest and are easier to get, especially if you have a bad credit score.

Moneyview is the other great choice and offers personal loans ranging from Rs. 10,000 to Rs. 5 lakh. If your CIBIL is 650 and above, you get immediate approval and money credited to your account. Other than these, there are only a few other apps like EarlySalary, CASHe, and MoneyTap which provide instant loans but the minimum CIBIL marks and the loan amounts might differ. Even though the apps are perfect for instant money, we have to keep in mind that their rate of interest is higher compared to bank loans. The borrowers must carefully read the terms and conditions first and then apply to ensure timely payment so that their credit score is not affected. The apps must be utilized for emergency needs but wisely.

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Top 21 instant loan apps include Indiagold, Paysense, Kreditbee, Moneyview, Earlysalary, Cashe, Flexsalary, Moneytap, Nira, etc

If you need a loan urgently, one of these top 21 instant loan apps may be the answer. These apps offer immediate loans to borrowers, providing them with a quick and hassle-free way to get the funds they need.

Top 21 Instant Loan Apps in India 2025 | indiagold

Top 21 instant loan apps include indiagold, Paysense, Kreditbee, Moneyview, Earlysalary, Cashe, Flexsalary, Moneytap, Nira, etc

Instant Loan Apps

Top 21 Instant Loan Apps in India 2025 | Indiagold

Gold loans are a fast and reliable way to access funds by pledging your gold jewellery as collateral. To secure quick approval, it is essential to meet lender requirements, streamline your application, and understand key conditions like gold purity and documentation. Follow this guide with actionable steps for hassle-free approval. 

## **Where to Get Instant Gold Loans?**

When looking for a gold loan with quick approval, it is essential to evaluate different options:

* **NBFCs:** Non-banking financial companies (NBFCs) are known for their easy approval process. They utilise advanced systems to appraise gold jewellery instantly and determine loan eligibility. With minimal paperwork and efficient processing, NBFCs provide gold loans at affordable rates. 

* **Digital Lending Platforms:** Digital lenders provide a seamless experience, offering instant approval through a paperless system. With features like online gold valuation, e-KYC verification, and doorstep services, these platforms have become a preferred choice for tech-savvy borrowers. They ensure swift approval while adhering to RBI-mandated guidelines for gold loans. Gold loan companies like **Indiagold** provide loans at affordable interest rates only at 0.85% per month and have fewer restrictions on gold loan criteria. It makes them ideal for borrowers needing immediate funds. 

* **Banks:** Nationalised and private sector banks in India offer gold loans with standardised gold valuation and disbursal processes. Borrowers can benefit from competitive interest rates and flexibility in documentation requirements. Banks are preferred for their financial standing and adherence to strict loan conditions for gold jwellery to be accepted are purity and weight standards. 

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## **What is Gold Loan Process?**

The gold loan process involves three key steps, ensuring borrowers can access funds quickly and securely.

1. **Application:** You can apply for a gold loan online or by visiting the lender’s branch. For **Indiagold**, you can fill out the form on the website or contact them at 1800-123-999-888 to talk with the relationship manager. Online applications save time, especially in urban areas. Some lenders also offer loan-at-home service, where representatives visit your location for gold valuation and loan processing. 

2. **Verification** A representative will contact you to verify your requirements and evaluate the gold. The process includes assessing the purity, weight, and market value of the jewellery. Under gold loan conditions for gold jewellery to be accepted are a minimum purity of 18 carats and appropriate documentation to verify ownership. 

   Lenders require basic KYC documents such as Aadhaar and PAN cards for identity verification. Proof of address, such as an electricity bill or gas bill is also necessary. Unlike other loans, proof of income is not mandatory which simplifies the process further.

3. **Approval and Disbursement:** Once the gold is evaluated, and the documents are verified, the loan amount is approved. Lenders typically disburse the funds within a few hours, making gold loans one of the fastest financing options. **Indiagold** provides you with a relationship manager who verifies your requirement and provides you with the gold loan in a timely manner. With **Indiagold**, you get a guarantee on the quick release of funds.


## **Eligibility for Getting Gold Loans**

Gold loans are highly inclusive, and almost anyone can apply, provided they meet the basic requirements:

* Individuals aged 18 and 75 years with gold jewellery can apply.   
* Borrowers do not need to provide proof of income, making this a suitable option for self-employed individuals, homemakers, and students.   
* Since this is a secured loan, lenders rely on the pledged gold rather than credit scores. This enables borrowers with poor credit histories to access funds easily. 

## **Documents Required for Gold Loan Application** 

To process a gold loan application, lenders require the following: 

* **Identity Proof:** Aadhaar card, PAN card, voter ID, or passport.   
* **Address Proof:** Electricity bill, gas bill, or driving license. 

The simplicity of documentation is a major advantage of gold loans. Lenders focus on the collateral (gold) rather than the applicant’s financial background, ensuring fast approvals. 

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## **Advantages of Gold Finance Instant Loan**

Instant gold loans offer a range of benefits, making them a preferred choice during financial emergencies:

* **Minimal Documentation:** Unlike other loans, where income proof or credit history is mandatory, gold loans require only basic KYC documents like identity and address proof. This eliminates the lengthy paperwork and ensures faster processing. Since conditions for acceptance of gold jewellery are clearly defined, the process is straightforward. 

* **Quick Disbursal Process:** One of the biggest advantages of a gold loan is its easy approval process. Once your gold jewellery is appraised and necessary documents are submitted, the loan amount can be credited to your account within minutes. This is especially beneficial for meeting urgent financial requirements, such as medical expenses or business needs, without delays. 

* **High Loan-to-Value Ratio (LTV):** Gold loans typically offer a higher LTV ratio compared to other secured loans. Based on the purity and weight of your gold, lenders may approve loans up to 75% of their market value, giving you access to a substantial loan amount. This flexibility makes it ideal for people looking to leverage their gold assets for immediate funding. 

* **Income Proof Not Required:** Gold loans do not require income proof, as they are secured by the pledged gold. This makes them accessible to a broader audience, including homemakers, farmers, and individuals without a fixed salary. 

* **No Credit Score Requirements:** Your credit score is not a deciding factor for gold loan approval. Since these are secured loans, lenders focus on the value of the pledged gold rather than your repayment history. 

## **Factors to Consider When Choosing a Gold Loan Provider**

To make the most of your gold loan, evaluate the following factors before finalising a lender:

* **Interest Rates:** Interest rates on gold loans can vary significantly. Compare rates among lenders to minimise your repayment burdens. Some lenders like **Indiagold** offer interest rates starting at 0.85% per month so that you can meet the specific criteria, ensuring affordability. 

* **Processing Fees:** While some providers waive processing fees, others charge up to 1% of the loan amount. Assess these fees to avoid unnecessary costs. 

* **Repayment Options:** Choose a repayment plan that suits your financial situation. Options include equated monthly installments (EMIs), bullet payments (paying a lumpsum at the end of the repayment period), or paying interest upfront and the principal later. Flexible schedules ensure borrowers can manage repayments conveniently. 

* **Quick Disbursement:** Select a lender like **Indiagold** who provides prompt disbursal of gold loans. If you’re pre-approved, then your loan is disbursed within the same day of your request. 

* **Additional Charges:** Check for hidden charges, such as penal interest, late payments, or finance gold auction related charges. Being aware of these costs helps in better financial planning. 

## **Conclusion**

Gold loans are convenient and efficient ways to secure funds against your gold jewellery. Whether through NBFCs, digital platforms, or banks, borrowers can get quick approval and flexible repayment options. **Indiagold** enhances this experience with its gold loan and digital gold products, ensuring a seamless journey for borrowers across India. 

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Learn how to get your gold loan approved quickly with simple steps and essential tips. Secure funds without delays by following our process.

Gold loans are a fast and reliable way to access funds by pledging your gold jewellery as collateral.

How to Get a Gold Loan Approved Quickly

Gold Loan Instant Approval Guide

How can you purchase your vehicle by availing of a gold loan and understand the documents required for a gold loan.

If you have been waiting for too long to buy your dream bike or your first family car, then your wait is over. If you fear whether your vehicle loan would get sanctioned or not, then here’s a pro-tip. You can use your gold ornaments, jewellery or other gold belongings to finance your vehicle. You read that right\! You do not need to worry about your eligibility for a vehicle loan and hefty interest rates, with a gold loan taking care of all of it.

If you’re looking to avail a loan to fund your vehicle purchase, you have 3 options:

* Used car Loans : These loans are offered to buyers of used cars, the terms like loan tenure, and interest rates are offered while taking this factor into consideration  
* New Car Loans : These loans are offered to customers buying a new car, these have slightly more favourable terms for the buyer   
* Bike Loan : These loans are offered to customers looking to make a two wheeler purchase 

### **How can gold loans be used to buy vehicles?**

Gold loan is the financing facility that can be availed by the borrowers by pledging their gold articles as security. They can be instantly availed, and the banks and financing institutions readily provide loans against gold due to the premium value that gold carries. Usually, banks finance 75%-85% of the gold value as loans to the borrowers.

Therefore, if you are looking towards purchasing your vehicle, then you can instantly make payment for the same using the gold underlying with you. This can also help you negotiate discounts with automobile dealers for instant and upfront payment.

### **Why to choose Gold Loans over Vehicle Loan to fund Car Purchase?**

Funding a car purchase can be difficult, as it may require significant capital injection. Securing a loan to fund the purchase of your dream car makes the most sense. However, there are certain measures that one can take to minimize the cost of loan. One such measure is taking a gold loan over a traditional car loan. Following are the benefits of availing a gold loan to purchase a car:

* Higher repayment Flexibility : When compared to the traditional car loan, gold loan offers a higher repayment flexibility. For car loans, there would be a fixed tenure, through which the borrower has to make equated monthly installments towards the repayment, which would include both interest as well as the principal contribution. However, for gold loans, the borrower can make bullet payments towards the principal which can decrease the liability considerably, essentially offering a higher flexibility to the borrower compared to the car finance loan.  
* Better Interest rates : Auto loan interest rates typically are on the higher side, and moreover these are dynamic. I.e. a person with a low credit score would be offered a higher rate of interest. Gold loans don't work that way. Considering the fact that the gold loan is backed by gold as a collateral, the interest rates are kept fixed and are usually lower than traditional auto loans.  
* Short Tenure : As opposed to a traditional auto loan financing where the loan tenure can go up to 7 years, the biggest relief offered with a gold loan is the short repayment period. This coupled with the flexibility on offer, one can easily repay the loan quickly without shelling huge amounts of money in interest component of loan repayment.   
* Ease of Securing Loan : Compared to a traditional loan to buy a car, it is easier to secure a gold loan. Reason being, a car loan requires an applicant to submit a long list of documents, earning proof, and often comes with long processing times. Whereas for gold loans, the processing time is a matter of minutes. In fact, lenders like Indiagold offer gold loan processing in under 30 minutes\!\!  
* Loan not linked to the car : Once you apply for a car loan, the loan is linked to the car, which poses several inconveniences like removing the lender’s name from the car’s registration papers once the loan is completed, among many others. This is where funding car purchase using a gold loan shines bright, as it helps you escape such inconveniences 

### **Benefits of Gold Loans**

Gold loans offer certain advantages to their borrowers. These include the following:

1. **Affordable interest rates:** Gold loans can help you get the required funds at the most affordable interest rates. Reason being, as opposed to the traditional personal loans, gold loans are released against a gold collateral. This collateral decreases the overall lending risk, which essentially helps the lenders to provide cheaper loans. At indiagold, the interest rates start with just 0.77% per month.  
2. **Shorter tenures:** Shorter tenures ensure faster settlement of loans, thereby freeing your cash flows. Usually, the tenure for gold loans is around 6 months. This coupled with flexible repayment makes gold loans the preferred option for securing quick funding at a cheaper interest rate.  
3. **Instant processing:** As gold has inherent premium value, banks readily accept gold as security for financing loans. As the formalities are less, the sanctioning and disbursement are done swiftly. This makes gold loans one of the fastest and easiest to avail loans.

### **What does indiagold offer?**

To enrich the financing experience of the borrowers, indiagold provides certain benefits that make its instant gold loan offering stand out from the rest of the lenders. The whole process from loan application to repayment is structured in a unique manner. It includes:

1. **Personalised Loan Advisor:** You do not need to worry about the procedure as indiagold provides a loan advisor to the borrowers to guide them through various schemes and make the entire process smooth and hassle-free. You just need to visit the indiagold website and click on “Apply Now”. You can even give a missed call on 1800-123-999-888.  
2. **Instant Disbursal Process:** Applicants will get a call on their registered contact number to verify their fund requirements. Once you confirm, they will schedule your appointment with a Relationship Manager.  
3. **Instant transfer:** Once the application is processed, the money gets transferred to your bank account instantly, thus, making the entire process seamless and swift.  
4. **Secure storage:** After the money is transferred into your account, your gold ornaments are packed in front of you in secured GPS-enabled packets. These are taken by the loan manager and deposited in the safe lockers. The entire responsibility of your gold is upon indiagold. The company provides free insurance from the New India Assurance Co. Ltd. for the gold stored in the lockers.  
5. **Easy repayments:** Repayments are easy and can be done directly from the website or using the mobile app. It also offers flexibility over repayment options depending upon the scheme under which the loan is availed of.  
6. **Gold delivery:** indiagold ensures that your gold is safely delivered to you by the next working day after the closure of your loan.  
7. **Other benefits:** Other benefits that indiagold offers on gold loans include an option to not pay principal till the end. The above benefits depend upon the amount of loan you require and the scheme you select for your gold loan. Three different schemes are offered by indiagold for its customers:  
* indiagold FairValue  
* indiagold HighValue  
* indiagold MaxValue

### **Documents required for the gold loan**

The following documents are required to be submitted to process your application of gold loan online:

* Your Photograph  
* Identification Proofs (Any one of the following): Aadhaar card, Voter ID card, Driving license, etc.  
* Address Proofs (Any one of the following): Aadhaar Card, Driving License, Voter ID card, Passport, Utility Bill, Rent or lease agreement, etc.  
* PAN card or Form 60  
* Pledge card of your existing gold loan and details of ornaments pledged (in case of transfer of your existing gold loan to indiagold.

Vehicle loans usually require more documentation like income proof and business or salary proof. Apart from that, its eligibility criteria include minimum income criteria, number of years of work experience criteria, and age criteria as well which are all relaxed in the gold loans. Thus, the documents required for gold loans are fewer as compared to the vehicle loan, making vehicle purchase smooth and easy with a hassle-free process.

### **Bottom Line**

You have been excited for a long time to purchase your vehicle, however, stressed with the hefty process of vehicle loan and its formalities, as vehicle loan details are very tricky and the whole process is energy and time consuming. This is where the gold loan in India comes to your rescue—no need to postpone your dream again till you meet the eligibility criteria. With just a missed call, instantly secure a gold loan and buy your dream vehicle now.


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How can you purchase your vehicle by availing of a gold loan and understand the documents required for a gold loan.


If you have been waiting too long to buy your dream bike or your first family car, your wait is finally over. A gold loan can help you finance your vehicle quickly and conveniently.

Buy the Vehicle of Your Dreams by Simply Availing a Gold Loan

Learn how a gold loan can help you purchase your dream vehicle. Understand the required documents, eligibility criteria, and benefits of using a gold loan for vehicle financing.

Gold Loan for Vehicle Purchase

Buy The Vehicle Of Your Dreams By Simply Availing Gold Loan

Gold is not just an ornament; it is a financial investment for many people. When you take a loan from lenders or banks by pledging your gold is known as a gold loan. Gold loans are used to overcome a financial problem or contingency. **Gold loans** are one of the easiest ways to arrange funds when in need, such as business deals, medical emergencies, travel purposes, study purposes, etc. Gold always comes in for rescue in case of a financial emergency or requirement. It is considered one of the best investment options for individuals.

One of the other reasons people opt for gold loans is the low-interest rates compared to banks’ traditional loans. **Gold loans** also provide you with an option for flexible **repayment schemes**.

There are various ways to pay your gold loan, unlike other loans. We have jotted down some of the super easy ways that you can use to **repay your gold loans**:

## What are the Implications of Timely Repayment?

Timely repayment of loan has several positive implications for the borrower, some of them are discussed below:

* Boosts Credit Score : Sticking to loan repayment methods and timely payment can help a borrower increase their credit score. Credit score essentially signifies the risk associated with lending to a borrower. It is a measure which helps the lenders determine the loans’ terms and conditions, interest rates, repayment tenure, among many other factors. Healthy repayment boosts credit score which can help with securing future loans  
*  Decrease Debt Obligation : Timely payment towards loan repayment can help decrease the debt obligation on an individual, which can have a very positive impact on the net liabilities, of a person, and can help in securing better loans in the future, impacts the net worth, among many other factors  
* Limits total cost of borrowing : Failing to do timely loan repayments attract several charges like late fees, default fees, among many others. Paying these fees and penalties can essentially mean that the borrower is paying a higher sum of money to utilize the borrowed funds, in other words increasing the total cost of borrowing. A debt is deemed attractive based on its cost of borrowing, a loan with high cost of borrowing is counterproductive and proves to be damaging to the financial standing of a person.  
* Saves collateral : In case of gold loans, where one’s gold serves as a collateral to secure the loan, defaulting can result in loss of gold, as the lender may choose to liquidate the gold to recover the outstanding dues. This makes timely repayment even more imperative, as the borrower's asset is on the line. It is imperative that the borrower makes regular gold loan EMI payment and repay on time to avoid such situations.

### **1\. Periodic Interest**

One of the common ways to pay the gold loan is through periodic interest. It means that both the principal amount and interest amount will be kept separate from each other. You will be required to pay only the interest amount in equated monthly instalments, and the total principal amount can be paid on maturity. It is a suitable option for people who want to keep their monthly installments short.

This option is more suitable for people who don't have enough income or monthly cash flow to be able to pay both principal and interest amounts. However, paying only an interest amount increases the interest rate for every month. Before opting for the periodic interest method, borrowers are advised to consult with their lenders about the interest amount, cost, and options for **repayment** and select accordingly.

### **2\. Periodic EMIs**

Most **gold loan borrowers** prefer periodic EMIs. Borrowers are required to pay the loan amount from the month following the disbursement month. It is considered a suitable option for salaried people who have a monthly income flow. The monthly EMI includes both the principal amount and interest amount. It is a quick and easy repayment process of gold loans as it deducts from your account monthly.

You can also automate the monthly repayments if you prefer for easy payment. **The periodic EMI** option also helps reduce the liability of interest as the loan term progresses. The loan foreclosure gets easier after time.

### **3\. Bullet repayments**

One may have heard of the bullet repayment, but may wonder what is bullet repayment gold loan? \- Bullet repayment is a method in which the borrower is required to pay interest and principal amounts at the end of the term of the **gold loan**. During the loan tenure, you are neither required to pay the interest nor the principal amount. You will pay the entire amount when the loan term is completed. It is known as bullet repayment because you pay the whole amount at once at the end of your **loan term**.

The interest is calculated for each month, but you will be required to pay the whole amount of interest along with the principal amount when the term ends. It is simple and doesn't put a monthly burden on the borrower.

### **4\. Partial Payments**

Another method to repay the gold loan is to make partial payments. You can make partial payments of the principal and interest amounts as per your needs and requirements. Following the **EMI system** is not important in this type of gold repayment method. You can set up your gold loan payment scheme online as you desire with your lender and make the payments wholly or partially of both the interest and principal amount.

### **5\. Monthly interest in overdraft accounts**

Another option for easy repayment of the **gold loan** is through an overdraft account. Many banks such as DCB Bank and SBI (State Bank of India) offer overdraft options against the pledged gold to the borrowers. In these accounts, the overdraft facility does not exceed the gold pledgeable value. These accounts act as transactional accounts, and people can pay the monthly interest per the account’s borrowing amount.

These are highly convenient for individuals with high capital requirements, and do not wish to pledge gold often. As these accounts cut down the requirement to physically pledge the gold time and again. You get an account with overdraft facility equivalent to the gold pledgable value which can be utilized for expenditure, and the interest amount is calculated based on the amount availed from the limit.

### **6\. Life Insurance policy**

Life insurance policy assists in paying the **gold loan** when the option of paying the total amount is loan interest and principal after the term. It gives you an opportunity to pay the principal amount after the term and interest every month, as or when it occurs.

### **7\. Indiagold application**

The indiagold app is transparent and reliable and easily downloaded through the play store. It offers a user-friendly and transparent experience to the customers to actively track and manage their payments making the process more convenient and hassle-free. This method will ease your process of repaying your gold loan and help you choose any method you like.

How the highly convenient repayment method helps is that it enables the borrower to choose the most convenient repayment method, allowing them to repay in a way which maximizes their utility out of the gold, and also gives them the headspace to repay the loan easily

### **8\. Paying Interest Upfront**

You can pay the interest on the gold loan upfront when it gets disbursed. Then, you repay the principal at the end of the tenure and get your gold back. The lender deducts interest on the gold loan from the loan amount and the rest of the balance amount as a loan. This gold loan repayment option is suitable for those borrowers who may find it difficult to make monthly repayments.

How gold loan settlement works in such cases is that, let's suppose you pledge your gold and avail a loan of INR X/- with a loan tenure of 1 year. And your total payable interest for a 1 year gold loan is INR Y/-. Using this method, the lender will deduct the INR Y amount from the INR X amount and essentially give the balance to the borrower i.e. INR (X-Y)/- . The borrower would be liable to repay INR X at the end of the loan tenure.

### **9\. Flexible repayment**

Repaying interest along with principal as per your convenience is an additional flexible option. This scheme provides the flexibility to pay according to financial capability but on the EMI schedule. You can make complete or partial payments of the interest and principal amount based on your cash flow.

Thus, we can say that there are various options that a borrower can opt for the repayment of the **gold loan**. **The repayment** has never been this easy. A variety of options allow borrowers to take **gold loans** immediately without any additional burden. They can repay the interest and principal amount as they like. They can select the tenure of the **gold loan** as per their requirements.

[indiagold](https://web.archive.org/web/20240424032651/https://indiagold.co/) offers all these **repayment options** to the borrowers on gold loans. indiagold provides a quick release guarantee, low-interest rates, minimal documentation, and loan at home service facilities for **easy gold loans**.

## Summary

Gold loans are one of the most in-demand quick money lending options available today. These loans are very flexible compared to regular personal loans available in the market. These loans are secured by gold, which is kept as collateral. The interest rates are very attractive and players like Indiagold offer exceptional loan deals. If paid on time, gold loans can help boost the credit score of the borrower, reduce debt obligations, and avoid extra costs like penalties and late fees.

Flexible repayment allows the borrower to choose terms of repayment that will fit their budget, making the gold loan easily accessible and convenient as a source of quick funds.  

For someone wondering how to clear loan fast? There are various options on offer in the market by lenders like Indiagold\! 

Gold loan repayment procedure and options include Periodic interest, where only interest is paid monthly, Periodic EMIs that combine principal and interest, and Bullet repayments, which require full payment at the end of the term. Partial payments \- As the name suggests, allow borrowers to pay as needed, while Overdraft accounts offer flexibility with interest payments. Other options include using Life insurance policies, Indiagold app for tracking payments, or Paying interest upfront with principal paid later.

#### **Related Articles**

- **[Why Gold Loans Are the Quickest Way to Access Funds](https://indiagold.co/blogs/why-gold-loans-are-the-quickest-way-to-access-funds)**
- **[A Detailed Guide To The PM Mudra Yojna](https://indiagold.co/blogs/a-complete-guide-to-the-pm-mudra-yojna)**

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Gold loans have become immensely popular over the last few decades. The gold loans offer various ways to repay the loan compared to traditional loans. 


Gold is not just an ornament; it is a financial investment for many people. When you take a loan from lenders or banks by pledging your gold is known as a gold loan.

9 Super Easy Ways To Repay Your Gold Loan

Gold loans have become immensely popular over the last few decades. The gold loans offer various ways to repay the loan compared to traditional loans.

Gold Loan Repayment Options

Gold has been a cornerstone of wealth and security across civilizations. Today, its rising value provides an excellent opportunity to use it as collateral for loans, making gold loans accessible to individuals in need of quick financial solutions. With minimal paperwork and flexible repayment terms, a gold loan means leveraging your assets smartly to meet immediate monetary needs.

## **Unique Myths and Facts About Gold Loans**

Here are some myths and facts that you should know about gold loans:

**Myth 1: Fear of Losing Gold**  
One common fear that you may question is, “Is gold loan safe?” Many think that the gold pledged will be lost if the borrower defaults. However, reputable lenders follow a structured process before resorting to the auction of gold. They give borrowers ample time to repay, and only after multiple reminders and recovery attempts do they initiate auction procedures. Even then, the entire process is transparent and borrowers are kept informed. As long as you maintain communication with your lender and understand your payment obligations, this fear is largely unfounded. 

**Myth 2: Old Gold Won’t Qualify for Gold Loans**  
Many believe that only new gold is accepted for gold loans, but this is not the case. The age of the gold does not affect its eligibility for a loan. Lenders focus on the purity and weight of the gold, not whether it is new or old. Even heirloom gold can be pledged, as long as it meets the purity standards. Therefore, old gold is just as valuable as new gold when it comes to securing a loan.

**Myth 3: Only Jewellers Provide Gold Loans**  
This is a widespread misconception where in reality, banks, non-banking financial companies (NBFCs), and other lending institutions offer gold loans, often with better interest rates, flexible repayment terms, and more transparency. These are major gold loan benefits. **Indiagold** is one such company which provides quick loans in three simple steps. These financial institutions are regulated by the Reserve Bank of India (RBI), ensuring the loan terms are fair and secure. 

**Myth 4: Gold Loan Processing is Time-Consuming**  
Contrary to popular belief, gold loan processing is quick and efficient. Most banks and NBFCs can disburse the loan within a few hours, with minimal documentation and a swift evaluation of the gold’s value. Some lenders even offer gold loan at home with doorstep services, where gold is appraised at the borrower’s location, further accelerating the process. Gold loans are a popular choice for emergency financial needs due to their fast turnaround time. 

**Myth 5: Tiresome Paper Trails in the Gold Loan Process**  
Another common misconception is that the process of obtaining a gold loan is cumbersome and paperwork-heavy. However, gold loans typically require documentation, making them a quick and efficient option. Most lenders ask for basic KYC documents like identification and address proof. The process is designed to be fast and straightforward, and some lenders like **Indiagold** offer digital gold loans, allowing for online document submission, and making the process even more convenient. 

**Myth 6: Gold Loans Require a Good Credit Score**  
Unlike secured loans, you do not need a high credit score which is one of the major benefits of gold loans. Since the loan is secured by the borrower’s gold, lenders focus on the value and purity of the pledged gold rather than the borrower’s credit history. This makes gold loans accessible to individuals with low or no credit scores. It provides a financial lifeline even when other forms of credit are not available. 

**Myth 7: Gold Loans Have High Interest Rates**  
Many assume that gold loans come with high interest rates. While interest rates can vary, they are usually much lower than those for unsecured loans like personal loans, since gold loans are backed by collateral. **Indiagold** provides gold loans starting from only 0.85% interest per month. The lender’s risk is reduced, enabling them to offer competitive rates. Interest rates depend on the loan amount, tenure, and the lender’s policies, and many financial institutions offer flexible repayment options. 

**Myth 8: Gold Loans are Only for Rural Areas or Small-Scale Borrowers**   
It is often assumed that gold loans are only useful in rural areas or for small-scale borrowers. However, gold loans are gaining popularity across urban areas as well, with business owners, salaried professionals, and high-net-worth individuals using them for purposes like business expansion, medical expenses, and education. 

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## **Important Things to Know About Gold Loan**

Know this information about gold loans before you apply: 

* **Repayment Tenure:** Typically ranges from 1 year to 24 months, depending on the lender. 

* **Gold Insurance:** Some lenders provide insurance to safeguard your pledged gold from theft or damage during storage. 

* **Valuation Charges:** Some lenders waive valuation charges if the appraisal is conducted in-house. 

* **Processing Fees:** Nominal fees, often up to 1% of the loan value, may be charged. Compare lenders to find those offering waived or reduced fees. 

* **Eligibility:** The minimum age required for a customer to apply for gold loan is 18 years and above. You would require only basic KYC documents like ID and address proof. 

* **Interest Rates:** Interest rates typically range between 12% to 16%, varying across lenders.


## **How Gold Loan Works?**

* **Pleading Gold as Collateral:** Borrowers begin by pledging their gold ornaments or coins as collateral with a lender. The gold is carefully evaluated for its purity and weight to determine its market value. This evaluation directly influences the loan amount sanctioned. 

* **Loan Disbursal Based on Gold Value:** After evaluation, lenders typically sanction loans ranging from 60% to 90% of the gold’s value, depending on the prevailing regulations and policies. Borrowers can choose the loan amount based on their immediate needs. 

* **Storage of Pledged Gold:** The pledging gold is stored securely by the lender for the duration of the loan. Reputed institutions provide insurance for the pledged items, ensuring their safety during the loan tenure. 

* **Repayment and Gold Retrieval:** Borrowers can choose from various repayment methods, such as bullet payments (paying a lumpsum amount at the end of loan tenure), or equated monthly instalments (EMI) based plans. Once the loan is fully repaid, the lender releases the pledged gold back to the borrower. Failure to repay, however, may lead to the lender auctioning the gold to recover the outstanding amount. 

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## **What Type of Gold Can be Pledged?**

The type and purity of gold play a crucial role in determining the loan amount:

* **Gold Purity:** Gold with a minimum purity of 18 karats is accepted by most lenders. Higher purity gold, such as 22K or 24K, results in a higher loan value. 

* **Gold Jewellery:** Only the weight of the gold in the jewellery is considered. Embedded gems and stones are excluded from the valuation. 

* **Gold Coins:** Coins are generally accepted for gold loans, provided their purity is 99.99% or higher. However, most lenders limit their acceptance to coins weighing up to 50 grams. 

* **Gold Bars:** These are less commonly accepted due to challenges in determining authenticity and valuation. 

## **How to Get Gold Loans?**

While gold loans can be availed from local jewellers or pawn shops, it’s safest to approach regulated financial institutions such as reputed banks or lenders like **Indiagold**. These institutions provide transparency, security, and adherence to government regulations, ensuring the safety of your pledged goods. 

## **Conclusion** 

Gold loans are an accessible, fast, and secure way to address financial needs by leveraging your gold assets. With flexible repayment options, minimal documentation, and competitive interest rates, they are an excellent solution for urgent or unplanned expenses. Understand all gold loan information and choose a reputed lender like **Indiagold** to make the most of this financial product. 

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In modern times, you can even get gold loans at extremely modest interest rates. At present, gold worth $1.5 trillion is held privately in India, which is at its all-time high, and it will only increase with time

Unique Aspects Of Gold Loans, That Everyone Must Know in 2025

Gold Loan Features & Benefits Guide

# **Canara Bank Gold Loan Interest Rates**

Canara Bank offers a gold loan scheme, popularly referred to as the Swarna Loan. This loan provides financial assistance by leveraging the value of your gold assets. With attractive features such as competitive interest rates and minimal processing charges, the scheme provides you with accessibility and convenience. Let’s learn all the details about this loan.

## **Canara Bank Gold Loan Details**

The gold loan from Canara Bank is relatively lower compared to unsecured loans. This rate ensures affordability and makes it a viable option for you if you are seeking funds against gold assets:

* **Canara Bank gold loan interest rate:** 9.25%

* **Loan amount:** Rs. 5,000 \- Rs. 35,00,000

* **Age limit:** From 18 years

* **Tenure:** 1 year

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## **Features of Canara Bank Gold Loan Schemes**

* **Quick processing:** Minimal documentation ensures a hassle-free application process. This allows you to access funds quickly. 

* **Affordable interest rates:** Offers competitive rates to make the loan affordable and reduce financial burden. 

* **Multipurpose interest rates:** You can use the loan for various needs, such as medical expenses, education, or business, subject to bank guidelines.

* **Flexible loan amount:** You can avail loan amounts ranging from Rs. 5 thousand to Rs. 35 lakh based on the gold’s value. 

* **Low processing fee:** The processing fee is nominal, making the loan accessible to a wide range of customers. 

* **Flexible repayment option:** The loan can be repaid within one year, and the interest is payable at maturity. 

* **No guarantor required:** Simplifies the process by eliminating the need for a guarantor. 

## **Canara Bank Gold Loan Rate Per Gram**

Canara Bank gold loan interest rate per gram is Rs. 3,725 to Rs. 4,000. This rate changes with the fluctuation of the value of gold. 

## **Canara Gold Loan Interest Rate**

This bank provides competitive interest rates on its three types of gold loans:

* **Swarna Loan:** 9.25%

* **Swarna Express:** 9.25%

* **Sharna Overdraft:** 9.25%

Apart from this, you have to pay Canara Bank gold loan appraiser charges (payment done to lenders for analysing the worth of the pledged gold). This value differs among individuals based on their gold assets. 

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## **How to Calculate Gold Loan Interest in Canara Bank?**

To calculate the interest rate on your Canara Bank gold loan EMI (equated monthly instalment), you can use the following formula:

EMI \= P x R x (1+R)^N / (1+R)^N \- 1

Where:   
P \= Loan amount  
R \= Rate of Interest (per month)  
N \= Loan tenure (in months)

For example, let’s say you take a gold loan of Rs. 60,000 at an annual interest rate of 9.25% for a tenure of 1 year. Using the formula:  
P \= Rs. 60,000  
R \= 0.7708%  
N \= 12 months

The EMI can be calculated as approximately Rs. 5,245. This formula helps you estimate the monthly repayment and plan finances effectively. 

## **Canara Bank Gold Loan Eligibility**

To avail of the Canara Bank gold loan, you must meet the following criteria:

* Indian residents aged 18 or above with a steady income source. 

* Existing Canara Bank account holders are eligible.

* New customers can also apply but must provide proof of creditworthiness. 

## **Documents Required for Canara Bank Gold Loan**

Applicants need to submit the following documents:

* **Loan application form:** Filled and signed.

* **KYC documents:** Includes Aadhaar, PAN, Voter ID, or Passport.

* **Proof of income:** Latest salary slip, form 16, or recent bank statement. 

* **Gold appraisal certificate:** Arranged by Canara Bank to assess the gold’s value.

## **Processing Charges of Canara Bank Gold Loan Scheme**

Canara Bank gold loan processing fee is reasonable and as follows:

* **Swarna loan:** 0.5% of the loan amount. Minimum Rs. 500 and maximum Rs. 5,000.

* **Swarna Express:** Processing charges are discounted by 50%.

* **Swarna Overdraft:** 0.5% of the loan amount, with the same minimum and maximum limits as the Swarna loan. 

## **Canara Bank Interest Rate Compared to Other Lenders**

The gold loan interest rates from Canara Bank start at 9.25%, making it one of the most competitive rates in the market. Compared to other banks:

| Bank | Interest rates |
| :---- | :---- |
| Axis bank | 9.35% onwards |
| HDFC bank | 9.30 onwards |
| Muthoot Fincorp | 11.99% onwards |


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## **How to Apply for Canara Bank Gold Loan Schemes**

To apply for the loan, follow these steps:

1. Visit the nearest Canara Bank branch. 

2. Consult a bank representative who will guide you through the application process.

3. The bank will arrange for a certified appraiser to evaluate your gold items. 

4. Based on the appraisal, the maximum loan amount will be determined. 

5. Upon approval, the loan amount will be disbursed promptly. 

## **How to Pay Canara Bank Loan?**

Canara Bank offers a convenient Bullet Repayment Method for gold loan repayment:

1. You can repay the entire principal and accumulated interest at the end of the loan tenure (up to 12 months).

2. Interest is calculated monthly and added to the principal amount.

3. Customers can choose the loan tenure based on their repayment capacity, ensuring flexibility. 

This repayment method provides financial ease, as you are not required to make monthly payments. 

## **How to Close Canara Bank Gold Loans?**

Closing your Canara Bank gold loan involves completing the repayment of the outstanding amount within the agreed tenure. The process is simple and borrower-friendly:

* Opt for the Bullet Repayment Method, where the entire principal and interest amount is paid at the end of the tenure, typically within 12 months.

* Interest is calculated monthly and added to the principal amount. This makes it essential to plan repayment carefully to avoid financial strain. 

* Choosing a tenure that aligns with your repayment capacity can ease the process and maintain your financial health. 

This flexible repayment structure is designed to accommodate your convenience and financial needs.

## **Canara Bank Gold Loan Contact Number**

For any queries or assistance regarding Canara Bank gold loans, you can contact their customer support team through the following numbers:

* Toll-free number: 18001030

* Other contact numbers: 080-22115526 / 080-22221581

The bank’s representatives are available to guide you through the loan application process, answer questions about the loan, and resolve any concerns. 

## **Conclusion** 

A gold loan from Canara Bank is a reliable and accessible financial solution for various needs. With competitive interest rates, flexible repayment options, and prompt customer support, it ensures you can achieve your financial goals without unnecessary hassle. 

#### Related Articles

- *[IIFL Gold Loan Interest Rate](https://blogs.indiagold.co/iifl-gold-loan-interest-rate)*
- *[Federal Bank Gold Loan Interest Rate](https://blogs.indiagold.co/federal-bank-gold-loan-interest-rate)*

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Canara Bank Gold Loan, Gold Loan, Canara Bank Gold Loan Interest Rate

Canara Bank Gold Loan per gram in 2024 | IndiaGold 

Canara Bank Gold Loan Per Gram Rate of Today is ₹ 3,725 to ₹ 4,000. Get a better Per gram rate of ₹4,293 - ₹4,865 & interest rate of just 0.77%* per month at Indiagold.

Canara Bank Gold Loan per Gram Rate in 2024

Canara Bank Gold Loan

Canara Bank Gold Loan per Gram Rate in 2024 

# **Indian Overseas Bank Gold Loan Interest Rates**

Indian Overseas Bank’s Gold Loan is a reliable financial solution for those seeking quick funds by leveraging their gold assets. The competitive rates jewel loan interest rate in IOB along with flexible repayment options and various schemes, ensures affordability and convenience. Let’s take a closer look into the details, benefits, and application process to help you make informed decisions.

## **Indian Overseas Bank Gold Loan Details**

Indian Overseas Bank gold loans provide an easy and secure financing solution by allowing you to pledge your gold. 

* **Loan amount:** Up to Rs. 50 lakhs

* **Purpose:** For agricultural, personal, or business needs

* **Tenure:** 6 to 60 months

* **Interest rates:** 7.00% to 11.45% per annum as per chosen scheme

## **Features of Indian Overseas Bank Gold Loan Schemes**

* **Loan amount:** Flexible borrowing limits range from Rs. 25,000 to Rs. 50,000. 

* **Low processing charge**: IOB gold loan processing fee ranges between 0.15% to 0.30%, ensuring cost-effectiveness.

* **Attractive interest rates:** Some schemes have rates as low as 7% per annum.

* **Quick disbursement:** Get funds quickly with minimal process time.

* **No prepayment charges:** You can repay your loan early without any penalties.

* **Flexible tenure:** Choose repayment terms between 6 months and 60 months.

* **No documentation fees:** Save on additional costs as there are no documentation charges. 

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## **Indian Overseas Bank Gold Loan Schemes**

Indian Overseas Bank provides a variety of gold loan schemes to meet diverse financial needs. Each scheme is designed to cater to specific customer needs while ensuring flexibility and ease:

* **KCCJL (Agricultural jewel loan):** Designed for short-term agricultural requirements with bullet repayment (single lump-sum repayment during maturity) within a year. 

* **AGTAJ (Agricultural term loan- jewellery):** Offers loans up to Rs. 50 lakhs for agricultural investments, with repayment periods of up to three years. 

* **JL- Others (Jewel loan):** For non-agricultural purposes, with a focus on flexibility and affordability. 

* **SME gold:** Tailored for MSMEs, offering loans up to Rs. 50 lakhs with bullet repayment options. 

* **IOB Swarnalakshmi:** Exclusively for women borrowers, offering loans up to Rs. 5 lakhs along with free accidental insurance. 

* **IOB Swarna Samridhi:** Supports agricultural development with loans up to Rs. 10 lakh and no margin requirement. 

* **IOB gold-powered RuPay card:** Provides an overdraft facility of up to Rs. 25 lakhs for day-to-day transactions. 

## **Indian Overseas Bank Gold Loan Per Gram**

The IOB gold loan per gram depends on the market value of the gold along with its purity. As per this bank, the price of gold per gram is Rs. 3740 to Rs. 5300\.

## **Gold Loan Interest in IOB Bank**

Indian Overseas Bank offers attractive interest rates on its goal loans, catering to diverse financial needs. The IOB gold loan interest rates as per different schemes are:

| Scheme name | Interest rates (per annum) |
| ----- | :---: |
| KCCJL (Agricultural jewel loan) | 7.00% \- 11.45%  |
| AGTAJ (Agricultural term loan- jewellery) | 8.50% |
| JL- Others (Jewel loan- others) | 8.85% |
| SME gold | 8.85% \- 8.95% |
| IOB Swarnalakshmi (for women borrowers) | 9.20% |
| IOB Swarna Samridhi | 8.80% |
| IOB gold-powered card | 9.35% |
| Jewel Loan Suvidha  | 9.35% |

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## **Indian Overseas Bank Eligibility for Gold Loan**

Indian Overseas Bank offers straightforward eligibility criteria to make gold loans accessible:

* You must be at least 18 years old.

* You must own gold ornaments, jewellery, or coins that you would pledge for the loans. 

* Loans are provided against pure gold coins minted by Indian Overseas Bank or other banks, with a maximum of 50 grams per borrower. 

* The gold loans are available to both existing and new customers willing to open an account with the bank. 

## **Documents Required for Indian Overseas Bank Gold Loan**

To apply for a gold loan with Indian Overseas Bank, you must provide the following documents:

* **Identity proof:** Aadhaar card, PAN card, voter ID, passport, or driver’s licence. 

* **Address proof:** Utility bills, Aadhaar card, passport, or voter ID showing current address. 

* **Photographs:** Recent passport-sized photos.

* **Proof of ownership:** Documents proving ownership of pledged gold.

* **PAN card:** Mandatory if the loan amount exceeds Rs. 5 lakhs.

* **Loan application form:** A duly completed form provided by the bank. 

## **Processing Charges of Indian Overseas Bank Gold Loan**

* **Processing fee:** Nil for loans up to Rs. 3 lakhs. For higher amounts, a fee of 0.50% of the loan amount is applicable. 

* **Gold assaying charges:** Rs 0.50 per Rs. 100 net value of gold (Minimum Rs.25 and Maximum Rs. 350).

* **Prepayment/re-closure charges:** No additional costs for early repayment. 

## **Indian Overseas Bank Interest Rate Compared to Other Banks**

The present RLLR (reference lending rate) of Indian Overseas Bank is 9.35%. Here’s a comparison of gold loan interest rates offered by other banks with Indian Overseas Bank jewel loan interest rate:

| State Bank of India | 9.05% per annum onwards |
| :---- | :---- |
| Bank of Barda | 9.15% per annum onwards |
| Canara Bank | 9.25% per annum onwards |
| Punjab National bank  | 9.25% per annum onwards |
| HDFC Bank | 9.30% per annum onwards |
| Axis Bank | 9.35% per annum onwards |
| ICICI Bank  | 10.00% per annum onwards |

## **How to Apply for the Indian Overseas Bank Gold Loan?**

Applying for the IOB online gold loan is simple. You can do so by following these steps:

1. Visit the official Indian Overseas Bank website and navigate to the Jewel Loan section. 

2. Click on the “Apply Now” button.

3. Enter your mobile number, customer ID, or account details.

4. Provide details about the gold ornaments you wish to pledge.

5. Specify the loan amount and tenure you prefer.

6. Once your gold is appraised, the loan amount will be credited to your account.

## **Conclusion**

Indian Overseas Bank’s gold loan combines affordability and flexibility. This makes it a preferred choice for various financial needs. Whether for personal, agricultural, or business purposes, its attractive interest rates and minimal charges offer significant support. Explore the schemes and benefits to find the perfect solution for your requirements. 

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#### Related Articles

- *[Hallmark Gold : Pay for what it’s worth!](https://blogs.indiagold.co/hallmark-gold-pay-for-what-it-s-worth)*
- *[GST on Gold](https://blogs.indiagold.co/gst-on-gold)*

IOB Gold Loan interest rate is 7.05% p.a upto 25 Lakhs amount. Indian Overseas Bank's Gold loan rate of 1 gram gold is ₹ 2,900 to ₹ 3,450 for 22 Carat.

IOB Gold Loan Interest Rate @7.05% monthly | Per Gram Rate

IOB (Indian Overseas Bank) Gold Loan interest rate is 7.05% p.a upto Rs 25 Lakhs amount. IOB Gold loan rate per gram of gold is ₹ 2,900 to ₹ 3,450 for 22 Carat.

Indian Overseas Bank (IOB) offers gold loans at competitive interest rates, allowing individuals to get quick financial assistance by leveraging their gold assets. This guide provides the latest information on IOB gold loan interest rates, per gram rate, eligibility criteria, and how to apply.

IOB Gold Loan Interest Rate 2024 – Latest Per Gram Rate & Eligibility

Indian Overseas Bank (IOB) Gold Loan provides quick financial assistance with competitive interest rates and easy eligibility criteria, making it an ideal option for individuals looking to leverage their gold assets.

IOB Gold Loan

IOB Gold Loan Interest Rate in 2025

Gold loans are a go-to financial solution for many in India due to their quick processing and minimal requirements. These loans allow borrowers to leverage their gold jewellery for urgent funds, offering security and flexibility. A key metric in this process is the gold ratio, which determines the loan amount based on the pledged gold. Understanding the loan-to-value ratio (LTV) is essential for both borrowers and lenders to ensure a balanced approach to gold loans in India. 

## **What is LTV in Gold Loans?**

Loan-to-value or LTV in banking represents the ratio between the loan amount and the appraised value of the pledged gold. The LTV for gold loan determines how much of the gold’s value can be financed as a loan. For instance, if a borrower pledges gold worth Rs. 1,00,000 and the lender offers an LTV of 70%, the borrower can receive up to Rs. 70,000 as a loan. This ensures responsible lending while maximising the borrower’s potential funding. You can rely on **Indiagold’s** gold loans which provide customised loans and instant disbursement. 

## **Gold Loan LTV Ratio as Per RBI Guidelines**

As per the Reserve Bank of India (RBI), the maximum LTV under gold loan as per RBI directive is capped at 75%. 

* This ensures lenders maintain a safe balance between risk exposure and borrower benefits.   
* While NBFCs can offer more flexibility, they, like banks, must adhere to this guideline to ensure fair lending practices.  
* The RBI’s frequent reviews of these limits safeguard the financial stability of finance gold loan interest rate structures. 

The 75% cap applies universally to both banks and NBFCs. While NBFCs might offer more flexible repayment terms, they must adhere to the same LTV ceiling. RBI periodically reviews these guidelines to reflect economic conditions, ensuring both proper loan disbursement practices and market stability.

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## **Importance of LTV in Gold Loans**

The ratio between the loan amount and gold value directly impacts borrowing. A higher LTVs offers a larger loan amount, but it may also lead to a higher rate of interest. Conversely, a lower LTV limits borrowing while reducing lender risk. Striking the right balance ensures sustainable financial practices and manageable repayment terms for borrowers. **Indiagold** maintains a balanced LTV which reflects the interest for its gold loans starting just at 0.85% per month. 

## **How Does LTV Work?**

The new ratio formula for the Loan-to-Value ratio is simple:  
**LTV= (Loan Amount / Appraised Gold Value) x 100**  
Indiagold’s gold loan falls among the top 10 gold loan in India who align their LTV offers with RBI regulations. They make borrowing accessible and competitive. 

## **Loan-to-Value Ratio Calculation**

Calculating the loan-to-value ratio (LTV) of a gold loan involves assessing the market value of the pledged gold and determining the loan amount as a percentage of that value. The process includes:

* **Gold Valuation:** The lender evaluates the gold’s weight and purity, typically considered 22 or 24-karat gold, and calculates its market value using the prevailing gold price.   
* **LTV Formula:** The LTV ratio is calculated using the formula discussed above. 

For instance, if a borrower pledges gold worth Rs. 1,00,000 and the lender offers a loan of Rs. 65,000, the LTV ratio is (65,000 / 1,00,000) x 100 \= 65%. This ensures the loan aligns with the gold’s value. 

A balanced LTV ratio helps lenders avoid over-lending while allowing borrowers to access funds efficiently. If the ratio of the loan to the gold value exceeds permissible limits, it increases risk for both the lender and borrower. Proper calculation ensures transparency and fair valuation, fostering trust between both parties. 

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## **What is the Impact of LTV on Gold Loans?**

The loan-to-value ratio directly influences how much a borrower can access against their gold. A higher LTV ratio allows borrowers to receive more funds but often comes with higher finance gold loan interest rates, increasing their repayment burden. 

For example:

* At a 75% LTV ratio, a borrower pledging gold worth Rs. 1,00,000 can receive a loan of Rs. 75,000.  
* At a 60% LTV, the same borrower would only receive Rs. 60,000.

While a higher LTV can provide immediate financial relief, borrowers must consider the associated costs, including the rate of interest and repayment terms. Balancing the LTV ensures that the finance gold auction risk remains low, as lenders are less likely to experience losses during the gold auction if borrowers default. 

## **Factors Affecting Loan-to-Value Ratio in Gold Loans?**

Several factors determine the LTV ratio for gold loans:

* **Gold Purity:** Higher-purity gold, like 24-karat, increases the value, enabling borrowers to secure a better loan-to-value ratio.  

* **Market Prices of Gold:** The LTV ratio fluctuates with gold prices. Higher gold prices generally result in larger loan amounts for borrowers. 

* **Regulatory Guidelines:** The RBI mandates that the maximum LTV is 75%, ensuring responsible lending. 

* **Borrower’s Profile:** Creditworthiness can influence the LTV ratio, with reliable borrowers often qualifying for better terms.

* **Loan Tenure:** Shorter loan tenures typically allow for higher LTV ratios, as lenders face reduced long-term risk. 

* **Type of Loan Product:** Different products, such as term loans or overdraft facilities, may have varying loan to value ratio calculations. 

These factors ensure lenders maintain financial prudence while offering competitive gold loan products. 

## **How Do NBFCs or Gold Loan Companies Determine the LTV Ratio for Gold Loans?**

NBFCs or gold loan companies evaluate gold and determine the LTV ratio by combining RBI guidelines, market conditions, and borrower profiles.

* **Valuation Process:** NBFCs and gold loan companies assess the gold jewellery’s weight and purity using in-house or certified valuers. They then calculate its market value based on current prices. 

* **LTV Guidelines:** As per RBI guidelines, NBFCs cannot offer loans exceeding 75% of the gold’s market value. Most NBFCs or gold loan companies provide an LTV range of 60-75%, depending on the value reviews and internal risk policies. 

* **Factors Considered:**  
  * **Gold Quality:** Purity and weight are critical in determining the ratio between the loan amount and gold value.   
  * **Borrower Creditworthiness:** A good credit score may result in a higher LTV ratio.   
  * **Market Conditions:** Fluctuating gold prices affect the loan’s LTV calculation. 

* **Choosing Between NBFCs or Gold Companies and Banks:** Borrowers must weigh the advantages of NBFCs and gold loan companies against banks. While the former offers flexible repayment terms and lower fees, banks provide stability and competitive interest rates. Borrowers looking to secure the best LTV should assess features like interest rate and maximum loan amount before making a decision. 

## **Conclusion** 

The loan-to-value ratio is a cornerstone in determining the eligibility and benefits of gold loans in India. By understanding LTV, borrowers can make informed choices and maximise their financial potential. Whether through banks or gold loan companies like **Indiagold**, leveraging the right LTV ensures borrowers make the most of their assets. 

#### **Related Articles**

- **[How to Get a Gold Loan Approved Quickly](https://indiagold.co/blogs/how-to-get-gold-loan-approved-quickly)**
- **[Understanding Gold Loan Interest Rates: What to Expect](https://indiagold.co/blogs/understanding-gold-loan-interest-rates-what-to-expect)**

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Gold loan essentials: Learn how loan-to-value ratios and gold prices affect your borrowing potential. Stay ahead with practical tips to manage your loan smartly.

Gold loans are a go-to financial solution for many in India due to their quick processing and minimal requirements. These loans allow borrowers to leverage their gold jewellery for urgent funds, offering security and flexibility.

Mastering Gold Loans: Understanding and Tracking Loan-to-Value Ratios and the Influence of Gold Prices

Gold Loan LTV Ratio Guide

# **SBI Gold Loan Interest Rate**

 SBI Gold Loans provide a convenient and secure way for individuals to access funds by pledging personal gold, such as jewellery or coins, as collateral. The loan process is straightforward with minimal documentation. So, let’s know all the details you need to obtain this loan.

## **SBI Gold Loan Details**

The combination of the flexible loan amount, reasonable tenure, and low fees makes the SBI gold loan an accessible and budget-friendly option:

* **SBI gold loan interest rate:** 9.00%

* **Loan amount:** Rs.20,000-Rs.50,00,000

* **Age limit:** 18 years-70 years

* **Tenure:** Up to 36 months

* **Accepted gold:** Ornaments verified for quality and weight

* **SBI gold loan processing fee:** 0.50% \+ GST

## **Features of State Bank of India Gold Loan Schemes**

* **Flexible loan amounts:** Loans are available for sums ranging from Rs. 20 thousand to Rs. 50 lakh, making them suitable for small to large financial requirements.

* **Flexible tenure options:** You can choose repayment terms between 12 to 36 months, depending on your financial convenience. 

* **Security:** Gold pledged as collateral is stored securely and returned upon loan repayment.

* **Repayment modes:** SBI provides multiple repayment options, including standard EMIs, liquid gold loans, and bullet repayment gold loan schemes (paying principal and interest before loan maturity). 

* **Affordable processing fees:** SBI charges just 0.5% of the loan amount, ensuring affordability. 

* **Quick processing:** With minimal documentation, loans are approved quickly, often on the same day. 

* **No prepayment penalty:** You can prepay the loan incurring any additional charges. 

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## **SBI Gold Loan Rate Per Gram**

As per the State Bank of India, the loan amount per gram depends on the gold purity and net weight. The bank does not grant any gold loan based on the security of primary gold. 

## **SBI Gold Loans Interest Rate**

You can get gold loans at competitive SBI bank gold loan interest rates as per the types of gold loan:

* **Gold loan:** Interest rate starts at 9.00% per annum.

* **Realty gold loan (for housing loan customers):** Same rate as the standard gold loan at 9.00% per annum.

* **Agriculture gold loan:** 1-year MCLR (Marginal cost of funds based lending rate) \+ 1.25% 

## **SBI Gold Loan Eligibility**

* **Age:** Must be between 18 and 70 years

* **Profession:** All farmers and agricultural entrepreneurs

* **Income source:** A consistent source of income is required, but proof is not mandatory for retirees or existing bank customers 

* **Gold ownership:** The gold pledged must belong to the applicant and meet quality standards.

## **Documents Required for SBI Gold Loan**

* **ID proof:** PAN card, Aadhaar card, passport, or government-recognised identification. 

* **Address proof:** Utility bills, passports, or valid address verification documents. 

* **Photographs:** Two passport-sized photographs of the applicant.

* **Completed application:** Accurately filled and signed application. 

## **Fees of SBI Gold Loan Scheme**

SBI charges a nominal processing fee, which is among the lowest in the industry:

* **Standard fee:** 0.5% of the loan amount, subject to a minimum of Rs. 500. 

* **YONO applications:** No processing fee is charged if the loan is applied for via the SBI YONO app. 

## **SBI Gold Loan Interest Rate Compared to Other Lenders**

When compared to other leading banks, SBI gold loan interest rate can be considered competitive:

| Bank | Interest rate |

| SBI Gold Loan | Starting from 9.00% |
| Axis Bank Gold Loan | 9.35% to 17% |
| HDFC Bank Gold Loan | 9.30% to 17.86% |

Apart from this, SBI will decide your SBI gold loan appraiser charges (charge by the lender to evaluate the weight, purity, and market value of gold ornaments) that you have to bear accordingly. 

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## **How to Apply for SBI Gold Loan Schemes?**

Applying for an SBI Gold Loan is simple and can be done online or at a branch:

**Step 1:** Visit the SBI website or the nearest branch. For online applications, fill out the form with details such as loan amount, name, mobile number, and PIN code. 

**Step 2:** Submit the form and follow the on-screen instructions to complete the process.

**Step 3:** After verification, the loan is approved, and the funds are disbursed. 

## **How to Pay Gold Loan Interest in SBI Online?**

Paying your SBI gold loan interest online is a simple process:

1. **Log in to your SBI net banking** Access your SBI internet banking account using your username and password or register on the SBI website.

2. **Navigate to the e-payment section:** Once logged in, go to the “Payments/Transfers” section in your account dashboard.

3. **Add your loan account as a biller:** Add your SBI gold loan account as a biller by selecting the option to “Add Biller” or “Register Loan Account” under the bill payment section.

4. **Make the payment:** Select the loan, choose the amount you want to pay (EMI or interest) and authenticate the payment using OTP (one-time password) sent to your registered mobile number.

5. **Confirmation of Payment:** Upon successful payment, you will receive an SMS.

## **Conclusion** 

SBI gold loan offers a seamless borrowing experience with competitive interest rates and flexible repayment options. Whether for personal or agricultural needs, their quick processing and minimal documentation make them a reliable choice. With easy online payment methods, managing your gold loans becomes significantly convenient.

#### Related Articles

- **[How to get a loan to start your own petrol pump business](https://blogs.indiagold.co/how-to-get-a-loan-to-start-your-own-petrol-pump-business)**
- **[How to Setup a Low-Investment Export Business](https://blogs.indiagold.co/how-to-set-up-a-low-investment-export-business)**

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SBI Bank Gold Loan Interest Rate 2024 | Features, Benefits, Eligibility & Documents | #goldloan

SBI Gold Loan per gram in 2024 | Today's per gram rate

SBI Bank Gold Loan Per Gram Rate of Today is Rs 4228 to Rs 5286. SBI Gold Loan interest rate is 9.00% - 10.25% pa. Get a better Per gram rate of ₹5286 - ₹5991 & interest rate of just 0.85%* per month at indiagold.

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