Gold Loan Interest Rate in Indian Bank । Gold Loan 2023

Friends, today through this article, we will give you information about Gold Loan Interest Rate in Indian Bank, what should be the eligibility to take Gold Loan from Indian Bank. Indian Bank Gold Loan Features and Benefits .

Indian Bank Gold Loan Interest Rate Details

Indian Bank Gold Loan interest rate starts from 7% (Floating) per annum. If you are an existing customer of the bank and have a good credit history, then you can take advantage of the bank’s attractive interest rates. Before applying for any gold loan, you must have proper knowledge about its interest rate.

You can find the cheapest gold loan by comparing between various gold loan interest rates. The gold loan interest rate affects the EMI of the loan. You can also get complete information about Indian Bank Jewel Loan Interest Rate by visiting your nearest Indian Bank branch.

Indian Bank Gold Loan Interest Rate 7.0% p.a.
Indian Bank Gold Loan Rate Per Gram The rate per gram is ₹ 4,621
indian bank gold processing fee 1% of the principal loan amount
indian bank gold prepayment charge 1%+GST
Indian Bank Gold Repayment Tenure up to 36 months
Indian Bank Gold Repayment Plan Bullet Payment Plan, Overdraft Plan

Eligibility for Indian Bank Gold Loan

  1. Applicant must be a permanent Indian citizen.
  2. Whose age is not less than 18 years and not more than 70 years.
  3. The applicant should be the rightful owner of the gold which he/she wants to pledge with the bank.
  4. The minimum weight of the gold that can be pledged should be 10 grams and the applicant becomes ineligible for the gold loan if he has less than 10 grams of gold.
  5. The minimum purity of gold required to be eligible for the loan is 18 carats. Also, gold coins issued by banks are accepted up to 50 grams (in most cases).
  6. 24 karat gold in any form, gold bars, gold biscuits and etc. are not recognized as valid forms of gold for Indian Bank Gold Loan.
  7. A good credit or CIBIL score is not required to apply for a gold loan
  8. Because it is a fully secured financial service against your gold as collateral security.

Documents Required for Indian Bank Gold Loan

Before applying for gold loan, you should keep all the necessary documents together so that whenever the bank asks for the documents from you, you can show them all the documents immediately. For more information about the document, you can contact by visiting your nearest Indian Bank branch.

  • You must have the following documents to apply. ,
  • duly filled application form
  • 2 passport size photos
  • Identity Proof- Voter ID Card / PAN Card / Passport / Aadhaar Card, / Driving License etc.
  • Address Proof: Voter ID Card / Passport / Aadhaar Card / Driving License etc.
  • Proof of Income – Latest Salary Slip showing all deductions or Form 16 or Income Tax Returns of last 2 financial years
  • Other documents.

Read Also :

Indian Bank Gold Loan Benefits and Features

    • Easy and hassle free loan process.
    • Attractive interest rates.
    • Convenient repayment facility.
    • You do not have to pay any hidden charges for the loan.
    • Under the Indian Bank Gold Loan, you can avail a loan of up to 85% of the market value of your pledged gold.
    • Indian Bank provides Agricultural Gold Loan (Agricultural Jewel Loan Scheme) to meet agricultural needs.
    • The loan tenure of this loan is up to a maximum of 12 months.
    • You can find out how much loan you can get on Indian Bank Gold loan Per Gram with the help of gold loan calculator.

How to apply for Gold Loan from Indian Bank ?

  1. For this you have to first go to your nearest Indian Bank branch.
  2. Contact the bank employee who will provide you complete information about gold loan, then your gold will be assessed.
  3. Your documents will be verified.
  4. After this, you will have to fill a form with which you have to attach the documents and deposit it in the same bank.
  5. If your loan is approved, the loan amount will be transferred to your bank account.

Indian Bank Gold Loan Interest Rate 2023

A gold loan can meet all your urgent short term and long term monetary requirements. The interest rate at which you will be charged depends on the total loan amount as well as the quality/purity of the gold that you wish to keep with the bank as security.

The gold loan interest rates offered by Indian Bank are low as compared to other loans as it is a fully secured loan.

  • Gold loan interest rates in Indian Bank start from 7% per annum.
  • In some cases Indian Bank also charges some additional charges along with the rate of interest, which are:
  • Processing Fee – 1% of the loan amount or Rs.1000 whichever is higher
  • documentation fee
  • gold valuation charge
  • Indian Bank does not charge any additional fee for part payment or foreclosure of Gold Loan.

Official Website :

Indian Bank Gold Loan Calculator

FAQs : Gold Loan Interest Rate in Indian Bank

What is the Gold Loan interest rate in Indian Bank?

A- The interest rate for Gold Loan in Indian Bank starts from 7% per annum. The rate varies depending on the purity of the gold and the loan amount. Can be used to meet various monetary needs of an individual. The bank provides loans at a nominal rate of interest with quick disbursement of funds.

How much gold loan can I get from Indian Bank?

A- You can get loan up to 85% of the cost of gold.

What is the processing fee for Indian Bank Gold Loan?

A- We decide the processing fee based on the loan amount and the gold pledged.


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