Indian Bank Limited is an Indian new generation bank in Pune, established in 1994. The Bank offers commercial, transactional and electronic banking products and services. Indusind Bank inaugurates its first solar powered ATM in Mumbai.
IndusInd Bank offers gold loans to its customers between 10.50% to 16.00% with extremely flexible repayment tenures. You can apply for a gold loan from IndusInd Bank by either applying for it online or by visiting the nearest branch of the bank with proper documents and gold ornaments as a security. Gold Loans are loans availed by pledging your gold ornaments with a bank. IndusInd Bank gold loan can be taken for meeting urgent personal expenses like children education, marriage and other financial emergencies in the family as well as for business purposes. The gold mortgaged acts as a security to the loan.
IndusInd bank gold loan is very easy to apply. You can apply for the Gold Loan Online within a few minutes.
If you are eligible, your loan gets approved within 5 minutes.
If you have complete documents, it can be disbursed very quickly.
The bank is fully responsible for the safety of your gold ornaments. Gold assets will be kept under very tight security.
The interest rates provided by the bank are very affordable.
The documentation process is very less as well as simple. Bank only asks for essential documents of yours.
Extra benefits for existing indusind bank customers.
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TYPE |
CHARGES |
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Processing Fee |
Up to 1% of the loan amount subject to a maximum amount of Rs.750. |
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Valuation Fee |
Rs.300 for loan up to Rs.2 lakh, and Rs.500 for loan over and above Rs.2 lakh. |
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Charges for late payment of loan amount |
24% per annum as penal interest over and above the applicable interest of rates. |
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Stamp duty and other statutory charges |
Applicable as per the law of the State |
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Renewal Processing Fees |
Up to Rs.550 |
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Prepayment/Part payment charges |
Up to 1% of the outstanding amount |
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Non-standard repayment charges |
NA |
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Credit assessment charges |
NA |
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Cheque swapping charges |
NA |
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Outstation clearing charges |
NA |
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Bounce Cheque Charges |
NA |
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Loan cancellation / rebooking charges |
NA |
1. Individual borrowers (Age: 18-70 years)
2. Non-individual borrowers (Age: 3 years)
3. Disbursal mode Cash, pay order, NEFT and RTGS
4. No income proof needed for loans up to Rs 10 lakh
The list of documents you will have to submit in order to avail gold loan from IndusInd Bank is given below:
1. Signed application form
2. 2 passport size photographs
3. ID proof : Aadhar card, PAN card, Voter id, passport
4. Address proof : Aadhar card, Voter id, Passport, Utility bills
5. Post disbursement documents (If any)
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BANKS |
Interest Rate |
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14.50% to 17% |
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11% to 16% |
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10.50% to 17% |
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11.25% to 16.25% |
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10.00% to 19.76% |
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Starting at 10.75% |
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10.50% to 16.00% |
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Starting at 13% |
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10.05% to 11.05% |
2. Indusind Bank Personal loan
1. Offline Method : By visiting the nearest bank branch.
2. Online Method :
First of all go to Indusind Bank web portal
Now click on “Personal”
Now go to “Loan”
After that click on “Gold loan”
Fill the application form and submit it
How to contact with Indusind Bank Gold Loan :
1. By customer care contact number : 18605005004
2. By customer care email id : [email protected]
Financials products offered by Bank :
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IndusInd Bank provides quick Gold Loans. You can get Rs. 2,422 to Rs. 2,960 per gram of gold depending on the purity.
IndusInd Bank provides gold loans with an interest rate of 10.50% to 16.00% per annum. They also charge a processing fee of 1% of the loan amount or a minimum of Rs. 750 and a gold valuation fee of Rs 300 for a loan amount of up to Rs. 2 lacs and Rs 500 for a loan amount above Rs. 2 lacs.
You can make online payments for your IndusInd Gold Loan via net-banking. For further details and information, you can contact the customer care number of the bank.
The minimum loan amount is Rs.10000 and maximum loan amount is Rs.10 lakh of Indusind bank gold loan.
The repayment tenure period of Indusind Bank Gold Loan is 3 months to 2 years.
Last Updated on : 12/Aug/2020Know More About
You're eligible for a Indusind Bank Gold Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Gold Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Indusind Bank Gold Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 10.5% - 16% |
| Processing Fees | Upto 1% of loan amount subject to a minimum of Rs. 750 |
| Loan Tenure | 2 year to years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Gold Loans EMI Calculator