IDFC Bank Gold Loan

Gold Loan @ 7.10%

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IDFC Bank Gold Loan Key Features – Apply Now!

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

About IDFC Bank

IDFC Bank is also known as Infrastructure Development Finance Company. This bank is founded in October 2015. Its headquarter is in Mumbai, Maharashtra. It was a non-banking financial company before. It started on 9th June 1997. In 1998 it was registered with RBI. Now the Prime Minister Narender Modi launched this bank on 19th October 2015. IDFC bank started Aadhar linking merchant scheme. If you want to get a gold loan then there is no need to go here and there just apply on magicloans.in online. You will get each and every required information about the bank and the gold loan, its rate of interest and everything.

What Is A Gold Loan ?

Gold loan is financial product provided by the banks/financial company to its customers. In this type of loan, you can have a loan against your gold jewelry. There is nothing to worry about even if you are not employed. The gold loan doesn’t require the customer to be salaried or self-employed. Anybody can have a gold loan if he/she has gold of given purity. IIFA provides a Gold loan. Bank/financial organization will take care of all the gold/jewelry and it will return back to you whenever you will pay back that particular amount of loan with interest to the bank/financial company.

Why IDFC Bank Gold Loan?

 Gold Loan is useful in many essences but most important is that your gold will be at the safest place. The bank takes full guaranty of your gold. Even if you want to put your gold in bank lockers safely and securely then you have to pay to the bank for it but bank provides you locker only not security. So it’s better to get a Gold Loan, you will get money and security at the same time. Bank will be responsible for any kind of miss happening. Gold loan is available at very fewer interest rates in many banks. So many nonbanking financial companies also provide you a Gold Loan, and very less paperwork is required to complete these formalities.

Features of IDFC Bank Gold Loan:

  1. IDFC Bank provides the amount of loan from 10000 to 20 Lakhs.
  2. Bank gives you the liberty to choose the method of the payment. You can pay loan amount as EMI ’s or on monthly basis.
  3. Bank provides you the loan amount equals to 75% of its market value.
  4. Most importantly no guarantor is required.
  5. Your gold will be under very tight security, security is fireproof.
  6. Besides that, a network of the bank is very wide.
  7. Furthermore, The bank is also active online.

Purpose:

  1. Customers can use the gold loan for agricultural purposes.
  2. Similarly, it can be used for funding small businesses.
  3. To fulfill personal needs.
  4. For educational purposes.

Eligibility criteria IDFC Bank Gold Loan:

  1. There are some conditions that the applicant should fulfill to get a gold loan. These are written below
  2. 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.
  3. She/he should have some rigid source of income so that he can give an interest rate to the bank. Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 24 karats.

Interest Rates:

  1. Most importantly interest rate of 12.50% per year with the returns of gold.
  2. Besides that, there are no holding charges.
  3. Furthermore, there is no capital gain interest rate is applied.

Documents Required For IDFC 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. 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 from the financial frauds. So it can be an identity/residence proof. Pan card is 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.
  9. A signature proof is also required to get a gold loan

Why magicloans.in Is a Good Platform to Apply for Gold Loan?

Why we are suggesting applying for the gold loan by using magicloans.in over other sites. magicloans.in 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 :

  1. If you apply for the Gold Loan from magicloans.in you will get so many benefits.
  2. First of all, you just have to fill the Kotak Mahindra Bank Gold Loan form and you will get a call from our side automatically.
  3. Furthermore, you may get some more concessions on the interest rates.
  4. Besides that, you don’t have to go to the bank.
  5. Most importantly document pickup facility from your doorstep is available.

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.

How to Apply on magicloans.in ?

Steps to apply:

  1. First of all Search for magicloans.in on google.
  2. After that form will open up.
  3. Fill in the online form.
  4. Besides that you will get further guidance on 60011600.

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%