Karnataka Vikas Grameena Bank Gold Loan Key Features – Apply Now!
Karnataka Vikas Grameena Bank Gold Loan Interest Rate | 7.10% per annum |
Karnataka Vikas Grameena Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,255 |
Karnataka Vikas Grameena Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
Karnataka Vikas Grameena Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
Karnataka Vikas Grameena Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
Karnataka Vikas Grameena Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
Karnataka Vikas Grameena Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Karnataka Vikas Grameena Bank Gold Loan:
- Quick Process: Karnataka Vikas Grameen Gold Loan provides devoted service, thus, the loan is accepted in 60 minutes.
- Fewer Documents: Fundamental documents are required by the Karnataka Vikas Grameen Bank rest you should keep it with you.
- Transparent System: Direct and fair systems are followed in Karnataka Vikas Grameen Bank. No covered charges are asked to pay.
- The measure of Loan: Karnataka Vikas Grameen Bank suggests Rs. 15000. to the borrowers and it decreases to Rs. 10000. for rural localities.
- Jewelry is Secured: Karnataka Vikas Grameena Bank should take care of the jewels offered by the loan-seeker. They should be preserved in flame-resistant range.
- Tenure of Allowance: The duration of the loan varies from 3 months to 2 years. Nonetheless, the selection of loan tenure totally depends on the clients.
- Favorable to Farmers: Karnataka Vikas Grameen bank brings unusual privileges to the farmers. They should be given fewer rates of interest.
- No Debt Burden: Financially weak people can not repay the amount, but that doesn’t mean that they are under debt allegations. Karnataka Vikas Grameen Bank will just take their ornaments for a certain time.
- No Income bounds: Income boundaries are restricted if you are availing for a loan. Anybody can avail of a gold loan.
How Much Gold Loan can I Get through Karnataka Vikas Grameena Bank Gold Loan:
Karnataka Vikas Grameena Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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Gold Weight |
Gold Purity |
Gold Purity |
Gold Purity |
Gold Purity |
24 Carat |
22 Carat |
20 Carat |
18 Carat |
|
1 gram |
4680 | 4290 | 3900 | 3510 |
10 gram |
46800 | 42900 | 39000 | 35100 |
20 gram |
93600 | 85800 | 78000 | 70200 |
30 gram |
140400 | 128700 | 117000 | 105300 |
40 gram |
187200 | 171600 | 156000 | 140400 |
50 gram |
234000 | 214500 | 195000 | 175500 |
100 gram |
468000 | 429000 | 390000 | 351000 |
200 gram |
936000 | 858000 | 780000 | 702000 |
300 gram |
1404000 | 1287000 | 1170000 | 1053000 |
400 gram |
1872000 | 1716000 | 1560000 | 1404000 |
500 gram |
2340000 | 2145000 | 1950000 | 1755000 |
Karnataka Vikas Grameena Gold Loan Eligibility:
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Karnataka Vikas Grameena Bank Gold Loan Documents Required:
Photographs |
2 Passport Size |
Identity Proof |
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required) |
Residence Proof |
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required) |
Karnataka Vikas Grameena Gold Loan Interest Rate, Fees, and Charges:
HDFC Gold Loan Interest Rate |
7.00% per annum |
Processing Fee |
1.50% of the Principal Loan Amount |
Prepayment/Foreclosure Charges |
2%+GST (Within 3 Months), 0 (After 3 months) |
Valuation Fee |
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs |
Late Repayment Charges |
2% p.a. + Applicable rate of interest. |
Renewal Processing Fees |
Rs 350 + GST |
About Karnataka Vikas Grameena Bank Gold Loan:
Karnataka Vikas Grameen Bank Gold Loan scheme loans for those who are cashless and in urgency to meet the ends of the people. All they need to do is to return the gold to the bank and avail for the loan. Karnataka Vikas Grameena Bank advances stunning opportunities by imparting them loans at a minimal interest rate. It is the most recommended funding organization and competes with every other banking or non-banking companies. It presents itself with the greatest fiscal assistance.
- Karnataka Vikas Grameena Bank Gold Loan Interest Rate is 7.10% per annum.
- Karnataka Vikas Grameena Bank Gold Loan Per Gram is ₹ 5,255
- Karnataka Vikas Grameena Bank Gold Loan Tenure: Up to 24 months
- Karnataka Vikas Grameena Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST.
Types of Karnataka Vikas Grameena Bank Gold Loan:
- Loan Against Gold – Gold Loan is a type of trustworthy loan. It aids loans to the underprivileged so that they can overcome from their financial issues whether personal or professional. The Karnataka Vikas Grameena bank easily lends such huge value because the interest rate is the least.
- Loan Against Gold for Agriculture – Karnataka Vikas Grameena bank gives interesting and rare interest rates mainly to the agricultural-related activities. . Karnataka Vikas Grameena Bank provides loan interest at a shallow rate. Moreover, you have to submit the land evidence in support of availing for a gold loan.
Karnataka Vikas Grameena Bank Gold Loan EMI Calculator:
Rate of Interest |
6 months |
1 Yr |
2 Yrs |
3 Yrs |
7.00% | 17008 | 8652 | 4477 | 3088 |
8.00% | 17058 | 8699 | 4523 | 3134 |
8.50% | 17082 | 8722 | 4546 | 3157 |
9.00% | 17107 | 8745 | 4568 | 3180 |
9.50% | 17131 | 8678 | 4591 | 3203 |
10.00% | 17156 | 8791 | 4614 | 3227 |
10.50% | 17181 | 8815 | 4637 | 3250 |
11.00% | 17205 | 8838 | 4661 | 3274 |
11.50% | 17230 | 8861 | 4684 | 3298 |
12.00% | 17254 | 8885 | 4707 | 3321 |
12.50% | 17279 | 8908 | 4731 | 3345 |
13.00% | 17304 | 8932 | 4754 | 3369 |
13.50% | 17329 | 8955 | 4778 | 3393 |
14.00% | 17354 | 8979 | 4801 | 3418 |
14.50% | 17378 | 9002 | 4825 | 3442 |
15.00% | 17403 | 9026 | 4845 | 3466 |
How to Pay Your Karnataka Vikas Grameena Bank Gold Loan EMI?
- Standing Instruction (SI): Standing Instruction is the satisfying and trustworthy method if you are a current account holder of Karnataka Vikas Grameena Bank. Your EMI will be deemed from the Karnataka Vikas Grameena Bank account.
- Electronic Clearing Service (ECS): This step can be used or applied by you only and only if you have a non-Karnataka Vikas Grameena bank record and you need EMI to be debited unequivocally from your current account.
- Post-Dated Checks (PDC): Post Dated EMIs should be evaluated properly from non-Karnataka Vikas Grameena bank at the Karnataka Vikas Grameena Bank loan center located nearby. And, your new version of PCDs submission should be immediate.
Karnataka Vikas Grameena Bank Gold Loan Contact Number:
Call on 9878981144 for the details you are eager to know in addition to the best deals and offers you will be suggested regarding Karnataka Vikas Grameena Bank Gold Loan.
Gold Ornaments Accepted by Karnataka Vikas Grameena Bank:
- Gold Jewellery- Karnataka Vikas Grameena Bank is in favor of Gold bracelet, Gold rings or Gold Necklace, or other Gold embellishments.
- Quality- The purity of gold should be from 18 to 22 carats.
Use of Karnataka Vikas Grameena Gold Loan:
- Business tenders are on the way, and thus, the capital gained by Karnataka Vikas Grameena Bank can be utilized for the same.
- The completion of personal and professional targets is necessary, so fund alliance is mandatory.
- Cultivators and their associated works can be fulfilled by the capital obtained.
Gold Loan Interest Rate of Major Banks
Bank |
Interest Rates |
7.10% – 14.50% |
|
7.10% – 16.10% | |
Muthoot Finance Gold Loan |
7.10% – 24.00% |
7.10% – 17.10% | |
Manappuram Gold Loan |
7.10% – 26.00% |
7.10% – 15.99% | |
Bank of India Gold Loan |
7.10% – 26.00% |
7.10% – 13.50% | |
IIFL Gold Loan |
7.10% – 12.00% |
7.10% – 14.65% | |
7.10% – 12.65% |
|
Allahabad Bank Gold Loan |
7.10% – 10.45% |
7.10% – 15.75% | |
PNB Gold Loan |
7.10% – 11.75% |
7.10% – 26% | |
SBI Gold Loan |
7.10% – 15.99% |
7.10% – 15.99% | |
UCO Bank Gold Loan |
7.10% – 26.00% |
7.10% – 13.50% | |
Syndicate Bank Gold Loan |
7.10% – 12.00% |
FAQs About Karnataka Vikas Grameena Bank Gold Loan:
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What is Karnataka Vikas Grameena Gold Loan?
Karnataka Vikas Grameena Gold Loan facilitates the needful person who yearns to achieve their targets and fulfill their requirements, by giving them funds in exchange for gold ornaments. It is the most believable bank and gives interest at minimum rates.
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How can I get the Gold Loan from Karnataka Vikas Grameena Bank?
You can visit the online MagicLoans website for a gold loan; else, you can go to the nearest Karnataka Vikas Grameen Bank branch.
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What is Gold Loan Interest Rate in Karnataka Vikas Grameena Bank?
The Gold Loan interest rate of Karnataka Vikas Grameena Bank is 7.10%.
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How much Gold Loan can I get per gram in Karnataka Vikas Grameena Bank?
The per gram Gold Loan in Karnataka Vikas Grameena Bank is ₹ 5,255 Per Gram.
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How to check Gold Loan status in Karnataka Vikas Grameena Bank?
By visiting the Karnataka Vikas Grameena Bank Gold Loan tracker webpage, you can check your gold loan status. Else, you can visit the nearest branch of Karnataka Vikas Grameena Bank.
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How to calculate Gold Loan Interest in Karnataka Vikas Grameena Bank?
EMI Calculator is used for calculative evaluations, for instance, calculating interest in Karnataka Vikas Grameena Bank Gold Loan.
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How to Pay Karnataka Vikas GrameenaBank Gold Loan Interest Online?
Online payment for Karnataka Vikas Grameena Bank Gold Loan can be easily done through net banking or Paytm or further by any most used payment mode of yours.
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What if I can’t pay the interest on Karnataka Vikas Grameena Bank Gold Loan for 3 months?
Reimbursement of interest is compulsory, but if in case you can not pay for 3 months you will be warned formerly, later you will be charged under legitimate allegations, and your gold will be seized by the Karnataka Vikas Grameena bank.
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How can I apply for EMI Moratorium on Karnataka Vikas Grameena Bank Gold Loan?
Applying for EMI Moratorium can be done by contacting the bank customer care or visiting the Karnataka Vikas Grameen bank. It ought to be completed recently between 1st March to 31st August.