उत्पाद विवरण
बैंक का नाम
Federal Bank
अधिकतम ऋण राशि
Rs. 150 Lakhs
Interest Rate
8.89% onwards.
ऋण-मूल्य अनुपात
85%
अधिकतम ऋण अवधि
48 Months
Federal Gold Loans
फीस और शुल्क
Processing fee :- Rs.100 to Rs.1300
Prepayment Penalty: NIL
Late Payment Penalty and Penal interest: 4% applicable on all overdue
accounts above Rs.25000/-
Legal And Other Charges: varies from 0 to 10,000/-
न्यूनतम CIBIL स्कोर
No information provided
Eligibility
Applicants should be individuals aged above 18 years and should have gold that needs to be pledged with the bank.
शुल्क और पात्रता
रियायत और सुविधाएँ
विशेष रियायत
N/A
Special Features
No penal interest
पेशेवरों
Instant sanction and hassle free processing Convenient repayment options (Lumpsum, EMI) and flexible tenure Low rates of interest without any hidden charges Higher Per Gram Rates Can be availed for personal, business and agricultural purposes. No monthly interest demand. ( Bullet repayment – on due date). No Penal Interest
दोष
Risk of foreclosure. The borrower may have to pay additional charges, such as processing fees and prepayment charges.
पक्ष विपक्ष
How to Open?
Online application: Visit the Axis Bank website and go to the Gold Loan page. Click on the "Apply Now" button. Fill in the online application form with your personal and financial details. Upload the required documents. Submit the application form.
आवश्यक दस्तावेज़
Proof of Identity (Aadhar card/Passport / Voters ID card/ Driving License/PAN Card) Recent Passport size photograph Address Proof (Aadhar card/Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
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