उत्पाद विवरण
बैंक का नाम
Bank of India
अधिकतम ऋण राशि
INR 50,00,000
Interest Rate
9.85%
ऋण-मूल्य अनुपात
85%
अधिकतम ऋण अवधि
36 Months
Bank of India Gold Loan
फीस और शुल्क
Processing Fee: Upto 1 lakh: Nil; From INR 1 Lakh to INR 5 Lakh: Rs.125/- per lakh; Max. Rs.250/-; Over 5 Lakh: Rs.125/- per lakh; Max. Rs.1000/-.
Prepayment Penalty: Nil
Late Payment Penalty: Not Provided
Penal Interest: Not provided
Legal And Other Charges: Not provided
न्यूनतम CIBIL स्कोर
Gold loan typically do not depend on your cibil score. This is because you are provding gold as a security upfront.
Eligibility
Any Indian resident above 18 who owns gold.
शुल्क और पात्रता
रियायत और सुविधाएँ
विशेष रियायत
No
Special Features
Bank of India is offering gold loan at a rate much lower than private banks and the interest rate is one of lowest amongst PSU Banks.
पेशेवरों
Low interest rate.
Low processing fee.
Lower interest rate in case the gold is in form of hallmarked jewellery.
Gold loan does not have any end use restrictions.
दोष
LTV ratio is 85% only.
पक्ष विपक्ष
How to Open?
You can apply online or visit any branch of Bank of India.
आवश्यक दस्तावेज़
KYC documents(identity proof and address proof)
Gold jewellery/coin that can be pledged.
खाता खोलने की प्रक्रिया और प्रक्रिया
Indian Bank
Indian Bank Jewel loan provides two loan schemes
1. Bullet Repayment
2. Monthly Repayment
The interest rate varies from 8.65% to 9.00% which is moderate as compared to different banks offering gold loans. However, the LTV Ratio is low i.e., only 65-70%, the other banks in the market offer higher LTV Ratio on the gold loans. Therefore, before applying for such loan check the terms and conditions properly and compare different banks offering gold loans.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai