IDBI Bank Gold Loan

IDBI Bank Gold Loan Key Features

Advantages of IDBI Bank Gold Loan

• Fast Procedure: You can take a Gold Loan from IDBI Bank easily and speedily without any obstacles. The loan gets permitted in just 60 minutes.
• Fewer Documents: The documentation progression is steady here; fewer documents are necessary for the gold loan in IDBI Bank.
• Transparent System: The IDBI Bank proposals comprehensive transparency to their client; and that is, there are no unidentified charges.
• Amount of Loan: The smallest amount of loan that IDBI Bank can provide to their client is Rs. 15,000. And, in rural districts, it can be less than Rs 10,000.
• Protection of Jewellery: One important thing to note is that the Bank takes full accountability for the protection of your gold. Afterwards, they kept the gold in fire-proof safety.
• Loan Tenure: The time-period of the Gold loan in IDBI Bank can be from 3 months to 2 years. Afterwards, you can pick your luxury accordingly.
• Profits for Ranchers: IDBI Bank offers some different deals for agricultural purposes. IDBI Bank offers a nominal Gold Loan interest rate for agronomic purposes.
• No Debt Issue: There can be a set of circumstances like in which if an applicant is not able to repay the amount of loan, in that instance the applicant will not be under any debts as the Bank will only seize the applicant’s ornaments.
• No Income borders: There are no restrictions on the salary or income of the applicant; henceforth, anyone with any salary range can apply for a gold loan in IDBI Bank.

How Much Gold Loan can I Get through IDBI Bank Gold Loan?

IDBI Gold Loan Per Gram – Updated September 2020

IDBI Bank Gold Loan Eligibility

IDBI Bank Gold Loan Documents Required

IDBI Bank Gold Loan Interest Rate, Fees and Charges

About IDBI Bank Gold Loan

Life is full of worries and fears. Subsequently, you may need cash to fight with financial problems in your life. In that case, you can get a Gold Loan from IDBI Bank to fight with the economic emergency. A gold loan is a safe loan. After, the people with reduced CIBIL score can also apply for this service.

Though there is a lot of economic Banking and non-Banking organizations that may provide you with the gold loan, Gold Loan is considered the greatest. IDBI Bank came into existence in 1964. It is one of the most deceptive and persistent Banks in India. Also, it is known for its robust economic features. Here the transactions are very safe.

• IDBI Bank Gold Loan Interest Rate is 7.10% per annum
• IDBI Bank Gold Loan Per Gram is ₹ 5,255
• IDBI Bank Gold Loan Tenure: Up to 24 months
• IDBI Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of IDBI Bank Gold Loan

IDBI Bank offers some plans allied to the Gold Loan item which are listed below:

• Loan Against Gold – IDBI Bank offers Gold Loan at fascinating steps are essential to satisfy anybody’s critical need of assets for any reason whether individual or professional. The gold credit is made sure about the type of loans, and then, the Bank has no danger in giving the entirety to the applicant, so it is given at a slower step of best when associated with different types of Loan items.
• Loan Against Gold for the Farming industry – IDBI Bank offers Gold Loans clearly to farming industry purposes to ranchers at a rare step of interest when connected with gold loans given for different possibilities. They are given multiple offers, and at the time of taking the loan, you have to give the Bank your Property evidence.

IDBI Bank Gold Loan EMI Calculator

How to Pay Your IDBI Bank Gold Loan EMI?

• Standing Instruction (SI): If you are recently an account holder with IDBI Bank, Standing Instruction is an extremely dependable procedure to pay. Your EMI entirety will be credited logically on the way to the month’s end to month time frame from the IDBI Bank account you show.
• Electronic Clearing Service (ECS): The program can be useful in the incident that you have a non – IDBI Bank and may need your EMIs to be charged hence close to the highest limit of the month to month cycle from this record.
• Post-Dated Checks (PDC): You can present post-dated EMI investigations from a non-IDBI Bank account at your nearest IDBI Bank Loan Centre. Another method of PDCs should be accessible in a precise way. It will be great in the manifestation that you note Post Dated Checks will be collected non-ECS states usually speaking.

IDBI Bank Gold Loan Contact Number

Call 9878981144and get immediate help and agreement for your IDBI Bank Gold Loan. You can now know the premium proposals on Gold Loan obtainable from all the IDBI Bank Branches in all over the country to gain the top deal linked according to your requirements.

Gold Ornaments Accepted by IDBI Bank

• Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are allowable by IDBI Bank to take a Gold Loan.
• Quality – The quality of gold must be in between of 18 Carat to 22 Carat. Any gold jewellery, which is 24 Carat, can’t be used to take a gold loan.

Use of IDBI Bank Gold Loan

The assets stable by availing the IDBI Bank Gold Loan facility which can be used for plentiful purposes like:

• To fund any precise hoards like marriage, climbing, instalment of higher education expenses, etc.
• For all your marketing necessities, such as obtaining new supply, developing marketing, etc., loan facility is accessible.
• You can also apply for Gold Loan for agrarian ideas. The Bank gives minor charges of interest for Gold Loans that are used for agriculture or related plans.

Gold Loan Interest Rate of Major Banks

FAQs About IDBI Bank Gold Loan

• What is IDBI Bank Gold Loan?

IDBI Bank Gold Loan is a loan system that you can apply for urgent financial help by keeping your gold as safety with the Bank. Also, it comes with great interest rates on Term Loan, Overdraft, and EMI based loan. Customary Gold Loan disbursement time at IDBI Bank is just 45 minutes.

• How can I get the Gold Loan from IDBI Bank?

You can fluently get the IDBI Bank Gold Loan by visiting any of the gold loan offering branches of IDBI Bank, or you can apply online with MagicLoans by just sitting at your home and get the best agreements and proposals. IDBI Bank is one of the central Banks in India that offers Gold Loan features.

• What is Gold Loan Interest Rate in IDBI Bank?

The interest rate for the gold loan in IDBI Bank is 7.10% per annum. The rate of interest is subject to several factors, namely: loan amount, loan time-periods, purity of gold, and connotation with IDBI Bank.

• How much Gold Loan can I get per gram in IDBI Bank?

The per gram Gold Loan in IDBI Bank that you can get depends on the purity of your gold. IDBI Bank decided to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,255 Per Gram in IDBI Bank Gold Loan.

• How to check Gold Loan status in IDBI Bank?

To check your IDBI Bank Gold Loan status all, you need to do is, visit the IDBI Bank Loan Status Tracker web page and fill your details in the form given there and you can track the status resourcefully of your loan from residence and stay updated.

• How to calculate Gold Loan Interest in IDBI Bank?

You can calculate the interest on your IDBI Bank Gold Loan using MagicLoans EMI Calculator which gives you protected amounts based on the info you enter into the calculator.

• How to Pay IDBI Bank Gold Loan Interest Online?

You can pay IDBI Bank Loan interest online through net Banking on the official IDBI Bank loan compensation web page or else, you can also pay your IDBI Bank Gold Loan on Paytm using your selected payment process.

• What if I can’t pay the interest on IDBI Bank Gold Loan for 3 months?

If you do not pay your Gold Loan for three months, firstly the Bank will remind you of your due payments. And after that, If the payment requests go disregarded an endorsed legal notice is sent demanding the compensation to finish the loan. Non-payment on your Gold Loan will lead to a diminishing of your credit score and also makes you legally accountable to face legal actions by the Bank as well as seizure and auction of your gold.

• How can I apply for EMI Moratorium on IDBI Bank Gold Loan?

For an EMI Moratorium, you can apply on IDBI Bank Gold Loan now between 1st March and 31st August 2020 and has to be done by communicating the Bank’s customer care or by visiting the nearest IDBI Bank branch.