Indian Overseas Bank Gold Loan

Gold Loan @ 7.10%

Apply & Get Instant Money

Indian Overseas Bank Gold Loan Key Features

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

About Indian Overseas Bank 

The Bank is also known as IOB. It is a public sector bank and it is founded on 10 February 1937. This bank has been serving people for 81 years. M. Ct. M. Chidambaram Chettyar was the founder of this bank. Bank caters customers with its good financial services and products like loans, credit cards, and savings, etc. Bank doesn’t limit its services only in India, it serves people in other countries as well.

A gold loan is a type of loan provided by the bank to the customers. Gold loan is very quickly disbursed. A customer can get a gold loan within a few minutes. Unlike other loans gold loan requires very less documentation process. The process is hassle-free, there is no need to go bank. You can easily apply for Indian Overseas Bank Gold Loan. Bank will be responsible for the security of your gold completely. The bank is very old and well-reputed so there is no risk of fraud. You can easily trust the policies of the bank.

What is A Gold Loan?

Gold loan is a financial product provided by the banks 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 the gold of given purity. Bank 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.

Low-Interest RatesIndian Overseas Bank Gold Loan

  1. Interest rates offered by the bank to the customers are comparatively very low. It starts at 7.10% and can be up to 12.50%.
  2. For an amount, up to 3 Lakhs rate of interest is 12% and for an amount greater than 3 Lakhs it is 12.50%.
  3. The rate of interest is fixed.
  4. The amount of loan – 50000 to 10 Lakh.

Indian Overseas Bank Gold Loan Eligibility criteria

  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.
  3. Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold must lie between 20 karats to 22 karats.

Documents Required

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 acts as 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 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.
  9. A signature proof is also required to get Indian Overseas Bank Gold Loan.

Why 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 is better than other websites. 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.

Indian Overseas Bank Gold Loan 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 Indian Overseas Bank account holders.
  4. And Special personal loan offers* for women employees.

Indian Overseas Bank Gold Loan 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. Gold loans available for Marriage and other Personal Needs.

How to Apply on

  1. To begin with, you have to look up for 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 on google

Gold Loan Interest Rate of Major Banks


 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%