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RBL BANK GOLD LOAN 

About RBL Bank Gold Loan :

RBL Bank was established in 1943 at Mumbai. This bank is one of the oldest Indian private sector banks. It also offers a huge range of banking products and services to all customers.

RBL Bank Gold loan provides an effective solution to meet temporary monetary contingencies. The funds received from the RBL Bank Gold loan can be used for weddings, education, business expansion or any other similar purpose. With minimal documentation and secure storage, the RBL Bank Gold Loan is a simple funding option to meet your financial requirements. RBL Bank provides loan against gold for a minimum amount of Rs 10000 at an attractive rate of interest with tenure of your choice starting from a week up to a year.

RBL Bank offers loans against gold at the lowest Interest rate. Being one of the significant gold loan suppliers, RBL Bank understands the necessities of the clients and disburses the loan amount in 30 minutes. Customer gold is securely secured in the bank locker, and you don’t need to worry about its safety.

Benefits of RBL Bank Gold Loan :

1. Loan amount : 

Ensuring that you are able to handle all your personal problems without any inconvenience, RBL Bank offers personal loans up to Rs. 20 lakh.

2. Flexible tenure : 

RBL Bank has a convenient loan repayment option from 12 months to 36 months, making it flexible for the loan applicants to repay the loan.

3. Quick documentation : 

The documentation process to apply for RBL Bank personal loan is simple and involves submitting minimum documents.

4. Hassle- free loan sanction : 

Once you have submitted all the required documents and your loan is approved, the loan amount is quickly disbursed to your account without any hassle.

Fee & Charges of RBL Bank Gold Loan :

TYPE

CHARGES

Default interest (delayed payment charges)

2% additional interest per month on overdue EMI amount (to be paid per instalment due per month of delay)

Cheque/ECS/NACH/SI Dishonor charges

Rs. 250 per instance

Processing Fees

1% of the loan amount or Rs.1000 whichever is higher

Convenience charges

Rs. 999

Stamp Duty

0.2% of total loan amount

Duplicate principal certificate

Rs. 250

Cheque swapping charges

Rs. 250

Charges for CIBIL report

Rs. 50

Eligibility criteria for RBL Bank Gold Loan :

1. The minimum age of the customer should be 18 years and maximum age of the customer is 70 years. 

2. The applicant should be a proprietor or should be a resident individual residing in India permanently

3. The applicant can only offer gold ornament or any articles above 18 karats to 22 karats as security to the bank.

4. The cibil score is above 500

5. Maximum loan to gold value ratio is upto 75%.

6. Employment status should be salaried and self employed.

Documents required for RBL Bank Gold Loan :

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)

Check other Bank Gold Loan Interest Rates :

BANKS

Interest Rate

AXIS Bank Gold Loan

14.50% to 17%

HDFC Bank Gold loan

11% to 16%

Kotak Mahindra Bank Gold Loan

10.50% to 17%

Yes Bank Gold Loan

11.25% to 16.25%

ICICI Bank Gold Loan

10.00% to 19.76%

RBL Bank Gold Loan

Starting at 10.75%

IndusInd Bank Gold Loan

10.50% to 16.00%

Canara Bank Gold Loan

Starting at 13%

Punjab National Bank Gold Loan

10.05% to 11.05%

Other products of RBL Bank :

1. RBL Bank Car Loan 

2. RBL Bank Business Loan 

3. RBL Bank Credit Card

4. RBL Bank Home Loan

How to apply for RBL Bank Gold Loan :

1. Offline Method : By visiting the nearest bank branch.

2. Online Method :

  • First of all visit to RBL Bank web portal

  • Now  click on “personal section”

  • In “explore products” got to retails

  • Now click on “Loans”

  • Now go to “Gold Loan” 

  • Fill the application form and submit it

How to contact with RBL Bank :

1. By customer care contact number : 1800120616161

2. By customer care email id : customercare@rblbank.com

Financials products offered by Bank :

BUSINESS LOAN

 

CAR LOAN

COMMERCIAL LOAN

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN

HOME LOAN

LOAN AGAINST PROPERTIES

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

RBL Bank Gold Loan Frequently Asked Questions :

1. What is RBL Bank Gold Loan?

RBL Bank provides loan against gold for a minimum amount of Rs 10000 at an attractive rate of interest with tenure of your choice starting from a week up to a year. The bank gives quick approval and disbursal of the loan amount with secure repayment options.

2. What is the Gold Loan interest rate in RBL Bank?

RBL Bank’s Gold Loan interest rate starts at 10.75% per annum. The rates charged by the bank are lower on the Gold Loan products as these are fully secured.

3. How to apply for a gold loan from RBL Bank?

You can apply offline by visiting the nearest bank branch or through online .

4. What is the minimum and maximum loan amount of RBL Bank for gold loan?

The minimum loan amount is Rs.10000 and maximum loan amount is Rs.50 lakh of RBL Bank for gold loan.

5. How much age of the customer should be required to get a gold loan from RBL Bank?

The minimum age of the customer should be 18 years and the maximum age of the customer should be 70 years to get a gold loan from RBL Bank.

Last Updated on : 08/Dec/2020

Know More About

Rbl Bank Gold Loan

You're eligible for a Rbl 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

Rbl Bank Gold Loan Interest Rates

Updated on 25 Nov 2017

Rbl Bank Gold Loan Details
Interest Rate (Monthly reducing balance) 10.75% - 0%
Processing Fees 1% of the loan amount or Rs.1000 whichever is higher
Loan Tenure 3 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Gold Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959