IDBI Bank is offering Gold Loan on easy terms without any hassles. Under this, the application can be made by contacting the nearest bank branch, online or through call. IDBI Gold Loan can also be taken for personal needs from agriculture.
IDBI Bank Gold Loan: If you need capital for farming, business or personal work and have to sleep at home, then you can take a gold loan. For such customers, IDBI Bank is offering Gold Loan at an affordable rate. You do not even have to worry about your gold for IDBI Bank Gold Loan. The bank will keep it absolutely safe. Information about gold rate, interest rate, processing fee etc. has already been given by the bank. Let’s know about IDBI Gold Loan…
Interest will be charged at the rate of 7 per cent per annum on IDBI Gold Loan. The per gram rate for gold loan has been fixed between Rs 3,506 to Rs 4,621. The loan tenure will be for 2 years. On gold loan, 1% amount will be recovered as processing fee. GST will also have to be paid on this. You can also apply for gold loan online. Apart from this, you can also contact the nearest branch or call on 1800-209-4342/1800-22-1070.
How will you benefit from IDBI Gold Loan?
- IDBI Bank Gold Loan will be issued to you without any hassle just after verification of few documents.
- You can take IDBI Bank Gold Loan to meet any type of financial requirement ranging from agriculture, business to other.
- The bank is also offering special offers to its existing customers. The process of this gold loan will be even easier for them.
- The bank will require some basic identification and verification documents. You will not be asked for income proof.
- The bank keeps the gold deposited by you in a secure locker, where there is no danger of fire or water.
Get IDBI Bank Gold Loan to fulfil your personal needs today. Contact your nearest branch or call us on 1800- 209- 4324/1800-22-1070 pic.twitter.com/amGN3oOsv3
— IDBI BANK (@IDBI_Bank) June 9, 2021
Who can get IDBI Gold Loan?
Anyone in the age group of 18 years to 70 years can apply for a gold loan from IDBI Bank. A salaried or self-employed person can take IDBI Gold Loan. The condition for this is that their CIBIL / credit score should not be less than 500. Any individual can deposit gold weighing up to 50 grams. If there is any gem or other thing in the jewelry, then its weight will not be considered. Only the weight of gold will be valid.
How much loan can I get?
According to the recent gold price, this bank has fixed a price of Rs 3,506 to Rs 4,621. The highest price has been fixed from Rs 3,506 to Rs 4,621 for jewelery of 24-carat purity. Its loan to value ratio (LTV) should be 75%. The price of 22 carat gold has remained between Rs 3,506 to Rs 4,621 in the last 30 days.
Which documents will be required?
To apply for IDBI Bank Gold Loan, you need to have two passport size photographs, an identity card, a residence proof. If you are taking gold loan for agriculture then you will also need land documents. If a person is living in a rented house, then for this they will have to pay the rent agreement or the water / electricity bill for the last three months. You can give PAN card, Aadhar card, Voter ID card or Passport etc. as an identity proof.
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