Gold loan in indian bank

The credit can be used for multiple agricultural requirements such as purchase of pesticides, fertilisers, seeds, and so on. Gold Loan Make the most of your idle gold with HDFC Bank’s attractive gold loans. Get a loan in minutes over the counter with minimal documentation and transparent charges.

The funds from gold loans can be used for weddings, education, business expansion or any other similar purpose. ICICI Bank Gold Loan is the ultimate solution for your financial needs.

You can avail Gold loan whenever you need funds for education of children, business expansion, down payment for purchase of property or automobile, medical emergency, holiday with family, agricultural needs etc. As per RBI guidelines, the tenor is limited to year, in case of non-agriculture use. Some of the banks offer the tenure of upto months too. Indian Bank has revised its minimum gold loan interest rate from 12.

The amount taken as loan can be used for either multiple or specific purposes. It is not necessary to specify the purpose of loan and borrowers have complete freedom to utilize the funds allocated to them as loan amount as per their convenience. Get an instant gold loan from South Indian bank with best interest rate and flexible emi options.

Features of SBI Gold Loan The existing customers of the SBI bank can avail this loan and it is not sold to anybody else. Loan can be availed for a maximum amount of Rs. The minimum amount of loan which can be availed is Rs. The interest rates on gold loan , availed by pledging gold , are relatively lower than other types of loans and range between 9. Banks and other financial institutions in India offer gold loans , the loan amount for which ranges from Rs. The repayment tenure of these gold loans ranges between days to 2months.

Award-Winning Client Service. Finally, Refinancing Made Simple. Mortgage Refinance Reviews. Primarily, catering to borrowers from the middle and lower income group, Gold loan offers instant credit for multiple purposes.

Let us take a look at the various types of loans offered by the bank and their features and benefits. The loan is issued to customers for meeting. SBI Gold Loan : is a special loan , offered to those who possess gold , lying idle in safes and lockers, but who have financial requirements.

State Bank of India Gold Loan star star star star star_half 4. Remember lower the amounts of loan you take per gram, lower will be your interest rate.

The NBFCs are not allowed to sanction gold loan against any bullions i. This bank offers various gold loan products to its customers at cheaper rate of interest in order to meet their urgent financial needs with lesser formalities. Agricultural Jewel Loans. To meet the short term credit requirements for cultivation of crops.