IDBI Bank Gold Loan

Gold Loan at 7.10%* p.m.

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IDBI Bank Gold Loan Key Features

IDBI Bank Gold Loan Interest Rate 7.10% per annum
IDBI Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
IDBI Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
IDBI Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
IDBI Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
IDBI Bank Gold Loan Repayment Tenure 3 Months to 24 Months
IDBI Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About IDBI Bank Gold Loan

 Need money? Get Instant Gold Loan from the IDBI Bank and fulfill your financial need today. Easy, Safe, and Quick process. Attractive interest rates and Amazing benefits are available. So, Apply now and grab the best offer on the gold loan. Hurry!!

What is Gold Loan?

The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments. Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage, or other family problems. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.

Advantages of taking a Gold loan from IDBI Bank:-IDBI Bank Gold Loan

  1. Easy and Hassle-free Process
  2. Approval in 30 minutes
  3. Simple Documentation
  4. Dedicated Assistance
  5. No salary certificate or credit card history is required
  6. Lowest Interest Rate

Interest Rate of IDBI Bank Gold Loan:

  1. Generally, the gold loan is available at the interest rate of 7.10% to 14.5%
  2. ROI for tenure less than 1 year is also available at 1%
  3. Processing fees equal to Rs. 2000
  4. The borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay the complete borrowed amount in a single shot

Check Your Eligibility:

    1. Profession: Anybody with a Steady source of income including Bank’s Employees, Pensioners
    2. Thereafter, the age of the applicant should be more than 21 years and less than 65 years. He/she should be able to return the loan amount on time.
    3. Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
    4. After that applicants should have gold in the form of jewelry. But the purity of the gold should be 18 karats to 22 karats.

Documentation required for IDBI Bank Gold Loan

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
  2. 3 passport size photos
  3. A passport is 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). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. A driving license can also be a proof of identity and residence proof because it contains the name, date of birth, and a photograph of the customer.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents the financial frauds. So it can be an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.

Know about the terms and conditions:

  1. Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
  2. foreclosure charges can be up to 1%. The minimum loan tenure is 6 Months.
  3. So foreclosure charges after 6 months are 0.
  4. Charges for late payment of Loan Amount
  5. 2% p.a. as penal interest over and above the applicable rate of interest.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans, and here we are to offer loans and tell you why Magicloans.in is better than other websites.

Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your personal loan from us
  2. After that, you have to fill the personal Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.

Features

  1. First of all Know your Personal loan eligibility in 1 minute, available online and across all branches.
  2. After that Highly competitive interest rates for personal loans.
  3. Besides that Special offers, interest rates, and nominal charges for Karur Vysya Bank account holders.
  4. And Special personal loan offers for women employees.

Benefits

  1. First of all Simple documentation
  2. After that Competitive pricing
  3. Besides that personal loan disbursal is very quick.
  4. And Transparent procedure
  5. Personal loans are available for Marriage and other Personal Needs.

How to Apply on magicloans.in?

  1. To begin with, you have to look up for magicloans.in on google.
  2. Thereafter, a form will open up and you have to fill-up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for magicloans.in on google

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%