Federal Bank Gold Loan Key Features – Apply Now!
| Federal Bank Gold Loan Interest Rate | 7.10% per annum |
| Federal Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,255 |
| Federal Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Federal Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Federal Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Federal Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Federal Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Federal Bank Gold Loan
- Fast Process: Federal Bank Gold Loan gets approved and payout quickly. The loan is within an hour.
- Minimal Documents: For Federal Bank Gold Loan document method is simple and solely essential documents area unit needed
- Transparent System: Complete clarity is provided to the customer; there aren’t any hidden charges.
- Amount of Loan: The smallest amount of loan provided to the client is Rs. 15000. In rural areas, the smallest amount may also be but Rs 10,000.
- Safety of Jewellery: Federal Bank is in control of the safety of your gold. Thus, gold is given fireproof protection.
- Loan Tenure: The loan is granted for the length from 3 months to 2 years.
- Benefits for Farmers: Federal Bank prevails some special offers for agricultural functions.Low Gold Loan rate for agricultural uses square measure provided.
- No Debt Burden: If in any scenario the mortal isn’t able to pay the loan quantity, the mortal won’t be beneath debts.
- No financial gain bounds: there are not any restrictions on the wage of the mortal. Hence, candidates with any financial gain level will avail a gold loan.
How much Gold Loan can I Get through Federal Bank Gold Loan
Federal Bank Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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Gold Weight |
Gold Purity |
Gold Purity |
Gold Purity |
Gold Purity |
24 Carat |
22 Carat |
20 Carat |
18 Carat |
|
1 gram |
4680 | 4290 | 3900 | 3510 |
10 gram |
46800 | 42900 | 39000 | 35100 |
20 gram |
93600 | 85800 | 78000 | 70200 |
30 gram |
140400 | 128700 | 117000 | 105300 |
40 gram |
187200 | 171600 | 156000 | 140400 |
50 gram |
234000 | 214500 | 195000 | 175500 |
100 gram |
468000 | 429000 | 390000 | 351000 |
200 gram |
936000 | 858000 | 780000 | 702000 |
300 gram |
1404000 | 1287000 | 1170000 | 1053000 |
400 gram |
1872000 | 1716000 | 1560000 | 1404000 |
500 gram |
2340000 | 2145000 | 1950000 | 1755000 |
Contact us on 9878981144 to avail the Best Deals and Offers on Federal Bank Gold Loan Per Gram.
Federal Bank Gold Loan Eligibility
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Federal Bank Gold Loan Documents Required
While Federal Bank Gold Loan token documentation is needed to access to the gold loan, following area unit the list of essential documents that area unit 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) |
Federal Bank Gold Loan Interest Rate, Fees and Charges
Gold as security is accessible at a low-interest rate as a result of it’s underneath the class of secured loans. Therefore, the Gold Loan interest rates are inferior to it of the private loan or the other variety of loans. The Gold Loan rate keeps on neutering time to time still as person to person.
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 Federal Bank Gold Loan
Uncertainties are a part of life. Thus, to tackle all the money hurdles in your life, we tend to all want cash. Where Gold Loan plays a significant role to fight with the cash crisis, people with low CIBIL score might have fast access to the current service. Federal Bank Gold Loan is one in all the most direct Gold Loans in India.
Despite, there are several financial banking and non-banking companies that avail the gold loan, but Federal Bank Gold Loan is considered the best. Federal Bank is well-known for its excellent money services because it is one in all the foremost supposed and dependable banks in India.
- Federal Bank Gold Loan Interest Rate is 7.10% per annum.
- Federal Bank Gold Loan Per Gram is ₹ 5,255
- Federal Bank Gold Loan Tenure: Up to 24 months
- Federal Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Federal Bank Gold Loan
Federal Bank provides completely different schemes connected to the Gold Loan product.
- Loan Against Gold- Federal Bank provides Gold Loan at an appealing rate of interests which can fulfil anyone’s immediate need for funds for any personal or professional reasons. Gold Loan is entirely a secured quite loan where the bank has no risk among the disposition amount of money to the loan seeker at a lower rate of interest as compared to the alternative kinds of Loan merchandise.
- Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Federal Bank Avails Gold Loan at a unique rate of interest as compared to the Gold Loans which are provided for other uses. Especially offers avails, and conjointly the bank would love the Land proofs on its basis the loan seekers apply for Loan.
Federal 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 Federal Bank Gold Loan EMI?
Federal Bank Gold Advance can be repaid in the several following ways:
- Standing Instruction (SI): If you are an account holder with Federal Bank currently, then Standing Instructions is the most opted method of compensation. Toward the termination of the month, the EMI amount will be charged from the applicant’s Federal Bank account the applicant shows.
- Electronic Clearing Service (ECS): This theme is for the candidates who have a non-Federal Bank record and also the EMIs got to be debited consequently at the tip.
- Post-Dated Checks (PDC): The individual will gift post-dated EMI examine from the non-Federal Bank statement at your near Federal Bank loan Center. Immediately, the restructure of PDCs ought to be offered. For ideal condition, it’s instructed to note Post Dated Checks which might be collected non-ECS states as a result of it was.
Federal Bank Gold Loan Contact Number
Call at 9878981144 to induce instant to facilitate and approval for your Federal Bank Gold Loan.
Gold Ornaments Accepted by Federal Bank
- Gold Jewellery like Gold Bangles, Gold rings, Gold Lockets, Gold anklets, Gold Necklaces etc. are all accepted by Federal Bank for seeking Gold Loan.
- Quality: the quality of Gold should be from 18 to 22 Carat. Gold Loan is not granted for any ornaments of 24 carats.
Use of Federal Bank Gold Loan
The fund that is obtained by Federal Bank Gold Loan services can be used for several purposes:
- Fund for any direct investments like hiking, matrimony, instalment of upper tuition payments, etc.
- Loan services square measure obtainable for promoting needs like getting contemporary provide, developing promoting, etc.
- Additional Gold Loan also can be availed for horizontal ideas. The bank provides a lower rate of interest for Gold Loans that are available for farming or farming-related projects.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
7.10% – 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 Federal Bank Gold Loan
- What is Federal Bank Gold Loan?
Federal Bank Gold Loan could also be a loan theme where you may access for any emergency financial facilitate by keeping your gold as a guarantee with the bank. It comes with collaborating interest rates on Term Loan, the order of payment and EMI based loan. Average Gold Loan disbursal time is solely 45 minutes.
- How can I get the Gold Loan from the Federal Bank?
You can access the Federal Bank Gold Loan by being to any near Gold Loan giving branch. Even you’ll be able to access to Gold Loan on-line with Magicloans from anyplace and find the most effective deals and offers.
- What is Gold Loan Interest Rate in Federal Bank?
The Gold Loan rate of interest in the Federal Bank is 7.10% once a year. The speed of interest depends on varied criteria, namely: loan amount, loan tenure, purity of gold etc.
- How much Gold Loan can I get per gram in Federal Bank?
- How to check Gold Loan status in Federal Bank?
To check the standing of Federal Bank Gold Loan, you will be ready to visit Federal Bank loan hunter. Mention your choices inside the provided application. This could merely assist you in tracing the standing of your loan from anywhere at any time and keeps you updated.
- How to calculate Gold Loan Interest in Federal Bank?
Federal Bank Gold Loan interest is commonly calculated victimization MagicLoans Deal’s EMI Calculator. It provides you with the correct details supported the info the person enters inside the calculator.
- How to Pay Federal Bank Interest Online?
Federal Bank Gold Loan interest will be paid through internet banking method on the official Federal Bank loan reimbursement web content or as an alternative. Another mode Paytm may be accustomed repay Federal Bank Gold Loan or your most popular payment methodology.
- What if I can’t pay the interest on Federal Bank Gold Loan for 3 months?
If the interest isn’t paid back for three months, then ab initio a reminder is given for your unfinished dues. After this, if the payment requests go neglected or invisible, then an official legal notice is shipped, that demands the compensation and closure of the loan. Such defaults on your Gold Loan lands up in Associate in Nursing exceedingly decrease of your credit score and additionally cause you to respond to face legal actions by the bank which can embrace arrogation and auction of your gold.
- How can I apply for EMI Moratorium on Federal Bank Gold Loan?