Indian Bank Gold Loan

Gold Loan at 7.10%* p.m.

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Indian Bank Gold Loan Key Features

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

Why Indian Bank Gold Loan?

A gold loan is available with the best rate of interest. Instant approval and quick disbursal. Apply now and for the gold loan and make your dream fulfill with an easy and simpler process.

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 Indian bank Gold loan:-Indian 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

Indian Bank Gold Loan Interest Rate:

  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 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

 Eligibility Criteria For  Indian bank Gold Loan 

  1. The age of the applicant should be more than 18 years.
  2. In addition to the maximum period of the applicant can be 65 years.
  3. Furthermore, the applicant must be a citizen of India.
  4. Beside  that applicant should have gold more than 10 grams  

Documentation Required For Indian bank Gold Loan 

  1. Residence proof: The documents required for the residence proof includes:(passport/ID card/ Voter card/ aadhar card/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
  2. Identity proof: Verification documents especially require one among the following:( passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them.
  3. Two colored passport size photos: (Applicants should not wear any glasses)
  4. Signature Proof: An applicant can use the following documents i.e. Passport Copy/Driving License/Banker’s verification/cheque.

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.

How to apply on magic loans.in

1. Search for magic loans.in on Google.
2. First of all, a form will open up.
3. After that, fill the way with the required information.
4. Besides, you will get information furthermore from us.

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%