DCB Bank Gold Loan

Gold Loan at 7.10%* p.m.

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DCB Bank Gold Loan Key Features – Apply Now!

DCB Bank Gold Loan Interest Rate 7.15% per annum
DCB Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,293
DCB Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
DCB Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
DCB Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
DCB Bank Gold Loan Repayment Tenure 3 Months to 24 Months
DCB Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About DCB Bank Gold Loan 

It is a private sector commercial bank in India. DCB Bank came into existence in 1930. this bank provides so many attractive financial products to customers like credit cards, loans, and banking, etc. First, it was Development Co-operative Bank and after that, it changed to Development Credit Bank. The bank is active online and provides SMS banking, mobile banking, and telephone banking too. Bank has its branches in 19 states and 3 union territories in India. DCB Bank provides maximum loan against your gold jewelry and the interest rates are very low. The bank is well-reputed so there is no risk of fraud and the bank is fully responsible for the security of your gold assets. You will get back your gold after you return the loan. 

Advantages Of Bank of DCB Bank

DCB Bank provides the gold loan to the customers. DCB Bank is a very reliable and trustworthy financial organization in India, it is not the only bank that provides gold loan there are so many other banks that are prone to give this facility then why one should go for DCB Bank only. Bank has a good reputation among people. RBI has awarded this bank for its good services. Gold loan interest rates in this bank are very low.

Bank takes care of all the needs of the customers. The time for the disbursal is very small. Very less documentation is required to apply for the loan. Bank provides loans only if the purity is 24 karat. Because the amount of the rate also depends on the purity of the gold. Your gold ornaments will be assessed by specialist jewelers. The loan amount that a banker offers you completely depends on your gold’s current market value. You can avail gold loan at a very low rate interest whereas a personal loan offers a high rate of interest. 

Features of DCB Gold LoanDCB Bank Gold Loan

  1.  DCB Bank provides the amount of loan from 5000 to 20 Lakhs.
  2.  Bank gives you the liberty to choose the method of payment. You can pay the loan amount as EMI’s or on monthly basis.
  3.  Bank provides you with the loan amount equals to 75% of its market value. There is no need to find a guarantor.
  4.  Your gold will be under very tight security, security is fireproof.
  5.  A network of the bank is very wide. Bank has 194 branches in India.

DCB Bank Gold Loan Interest Rate

  1.  DCB Bank provides a gold loan at very rational rates of interest. The rate of interest starts from 7.10% to 17 %. It can be a little bit up or down.
  2.  Gold coins are also acceptable. Having an account in DCB Bank is not compulsory to get a gold loan in this bank.

DCB Bank Gold Loan Eligibility criteria

There are some conditions that the applicant should fulfill to get a gold loan. These are written below

  1.  The age of the applicant should be more than 18 years and less than 70 years. He/she should be able to return the loan amount on time.
  2.  She/he should have some rigid source of income so that he can give an interest rate to the bank.
  3.  The applicant should have gold in the form of coins/jewelry/bricks. But the purity of the gold should be 18 karats to 24 karats. The experts will first evaluate the current value and purity of your gold then the bank will provide you with the loan amount. 

DCB Bank Gold Loan Documents Required

The process of documentation is very easy and simple.

  1.  Identity proof (Passport/Id card/voter card/driving license). You no need to go through any lengthy paperwork or formality. Simply pledge your loan with minimal documentation and get instant funds. 
  2.  2 passport size photos
  3.   a passport can be an ID proof because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. 
  4.  Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license).
  5.  Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  6.  Driving license- You can show your valid driving license. It contains all your basic information.  
  7.  Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  8.  PAN card- Your PAN card is one of the best and firm proofs. Pan Card is very essential document under KYC (know your customer) formality. 
  9.  Ration card- You can show your ration card as your residence proof
  10.  Your signature proof is compulsory

Apply on magicloans

Why we are suggesting applying for the gold loan by using magicloans.in over other sites.magicloans.in the know the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them are given

  1.  If you apply for the gold loan from you will be entertained by so many benefits
  2.  Fill the DCB Gold Loan form and you will get a call from outside automatically.
  3.  Concessions in the interest rates.
  4.  You don’t have to go to the bank.
  5.  Your documents will be picked up from your doorstep.
  6.  You don’t need to go here and there to ask for interest rate or to get to know about EMI’s. All you need is to apply on magicloans.in  and you will get back a call back within minutes with all the information. So Gold Loan is only one step away from you. For more financial-related queries, you are free to get in touch us. 

How to Apply on magicloans

Steps to apply

  1.  Search for magicloans.in on google
  2.  A form will open up.
  3.  Fill the form with the required information.
  4.  You will get assisted by us further.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%