Andhra Pradesh State Co-operative Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Andhra Pradesh State Co-operative Bank Gold Loan Key Features

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Andhra Pradesh State Co-operative Bank Gold Loan Interest Rate 7.0% per annum
Andhra Pradesh State Co-operative Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,268
Processing Fee 1.50% of the Principal Loan Amount
Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure 3 Months to 24 Months
Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Andhra Pradesh State Co-operative Bank Gold Loan

  • Speedy Process: You can take a Gold Loan from Andhra Pradesh State Co-operative Bank simply and rapidly without any obstacles. The loan gets accepted in an hour.
  • Fewer Documents: The documentation procedure is straight here; fewer documents are required for the gold loan in Andhra Pradesh State Co-operative Bank.
  • Transparent System: The Andhra Pradesh State Co-operative Bank offers full transparency to their client; and that is, there are no secreted charges.
  • Amount of Loan: The smallest amount of loan that Andhra Pradesh State Co-operative Bank can provide to their client is Rs. 15,000. Also, it can be less than Rs 10,000 in rural areas.
  • Safety of Jewelry: One important thing to note is that the bank takes the whole concern for the security of your gold. Henceforth, they kept the gold in fire-resistant protection.
  • Loan Tenure: The tenure of the Gold loan in Andhra Pradesh State Co-operative Bank can be from 3 months to 2 years. After this, you can hand-pick your comforts accordingly.
  • Benefits for Farmers: Andhra Pradesh State Co-operative bank provides some special offers for farming purposes. Andhra Pradesh State Co-operative Bank offers a minor Gold Loan interest rate for farming purposes.
  • No Debt Problem: There can be conditions like in which if an applicant is not able to repay the amount of loan, in that case, the applicant will not be under any debts as the bank will only seize the applicant’s ornaments.
  • No Income boundaries: There are no boundaries on the salary or income of the applicant; hence, anyone with any salary range can apply for a gold loan in Andhra Pradesh State Co-operative Bank.

How Much Gold Loan can I Get through Andhra Pradesh State Co-operative Bank?

Andhra Pradesh State Co-operative Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

Andhra Pradesh State Co-operative Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Andhra Pradesh State Co-operative Bank Gold Loan Documents Required

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Andhra Pradesh State Co-operative Bank Gold Loan Interest Rate, Fees and Charges

Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About Andhra Pradesh State Co-operative Bank Gold Loan

Life is full of complexities and stress. Hence, you may require money to deal with financial issues throughout your life. All things considered, you can get a Gold Loan from Andhra Pradesh State Co-operative Bank to fight with the Financial emergency.  A gold loan is a protected loan. So, the people with low CIBIL score can also easily apply for this facility. Andhra Pradesh State Co-operative Bank Gold Loan is one of the best gold loans in India.

Although there is a lot of financial banking and non-banking corporations that may provide you with the gold loan, Andhra Pradesh State Co-operative Bank Gold Loan is considered the best. Andhra Pradesh State Co-operative Bank was set up in 1963. It is one of the most reputed and consistent banks in India. Also, it is known for its brilliant financial facilities. The transactions are very safe here.

  • Andhra Pradesh State Co-operative Bank Gold Loan Interest Rate is 7.0% per annum
  • Andhra Pradesh State Co-operative Bank Gold Loan Per Gram is ₹ 5,268
  • Andhra Pradesh State Co-operative Gold Loan Tenure: Up to 24 months
  • Andhra Pradesh State Co-operative Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of Andhra Pradesh State Co-operative Bank Gold Loan

Andhra Pradesh State Co-operative Bank delivers some plans associated with the Gold Loan item which are listed below:

  • Loan Against Gold – Andhra Pradesh State Co-operative Bank gives Gold Loan at interesting steps important to satisfy anybody’s critical need of assets for any reason whether individual or expert. The gold credit is an entirely made sure about type of loans and then, the bank has no risk in lending the sum to the candidate so it is given at a slower step of premium when associated with different types of Loan items.
  • Loan Against Gold for Agriculture – Andhra Pradesh State Co-operative Bank gives Gold Loans clearly to farming industry purposes to farmers at an infrequent step of enthusiasm when compared with gold loans given for different employments. They are given special proposals and while taking the loan you have to give the bank your Land evidence.

Andhra Pradesh State Co-operative Bank Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your Andhra Pradesh State Co-operative bank Gold Loan EMI?

  • Standing Instruction (SI): If you are a current record holder with Andhra Pradesh State Co-usable Bank, Standing Instruction is the most extremely dependable cycle to pay. Your EMI sum will be attributed normally towards the month’s conclusion to the month time period from the Andhra Pradesh State Co-operative Bank account you show.
  • Electronic Clearing Service (ECS): The program can be applied in the occurrence that you have a non-Andhra Pradesh State Co-operative Bank account and may require your EMIs to be charged subsequently near the most extreme constraint of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can introduce post-dated EMI requests from a non-Andhra Pradesh State Co-operative Bank account at your closest Andhra Pradesh State Co-operative Bank Loan Center. Another technique for PDCs ought to be introduced immediately. It will be extraordinary in the episode that you note Post Dated Checks will be gathered non-ECS states metaphorically.

Andhra Pradesh State Co-operative Bank Gold Loan Contact Number

Call 9878981144 and get prompt assistance and endorsement for your Andhra Pradesh State Co-operative Bank Gold Loan. You can know the best proposals on Gold Loan accessible from all the Andhra Pradesh State Co-operative Bank Branches in everywhere in the nation to profit the best arrangement appropriate to your requirements.

Gold Ornaments Accepted by Andhra Pradesh State Co-operative Bank

  • Gold Jewelry, for example, Gold Bangles, Gold rings, Gold anklets, Gold neckbands, and so on these are acknowledged by Andhra Pradesh State Co-operative Bank for profiting a Gold Loan.
  • Quality: The quality of gold must be between 18 Carat to 22 Carat. Any gold jewelry which is 24 Carat, can’t be utilized for profiting a gold credit.

Use of Andhra Pradesh State Co-operative Bank Gold Loan

The assets settled by profiting the Andhra Pradesh State Co-operative Bank Gold Loan office can be utilized for a few purposes like:

  • To support specific ventures, for example, marriage, hiking, a portion of advanced education expenses, and so forth.
  • For all your promoting necessities, for example, buying new flexibly, creating showcasing, and so on., advance help is accessible.
  • You can likewise apply for Gold Loan for rural thoughts. The bank gives lower charges of enthusiasm for Gold Loans that are utilized for rural or connected ventures.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%

 

FAQs About Andhra Pradesh State Co-operative Bank

  • What is Andhra Pradesh State Co-operative Bank Gold Loan?

Andhra Pradesh State Co-operative Bank Gold Loan is a loan scheme that you can apply for urgent financial help by keeping your gold as security with the bank. It also comes with good interest rates on Term Loan, Overdraft, and EMI based loan. Usual Gold Loan disbursal time at Andhra Pradesh State Co-operative Bank is just 45 minutes.

  • How can I get the Gold Loan from Andhra Pradesh State Co-operative Bank?

You can effortlessly get the Andhra Pradesh State Co-operative Bank Gold Loan by visiting any of the gold loan offering branches of Andhra Pradesh State Co-operative or you can apply online with bookmyloan by just sitting at your home and get the best deals and offers. Andhra Pradesh State Co-operative Bank is one of the leading banks in India that provides Gold Loan amenities.

  • What is Gold Loan Interest Rate in Andhra Pradesh State Co-operative Bank?

The Gold Loan interest rate in Andhra Pradesh State Co-operative is 7.0% per annum. The rate of interest is subject to several factors, namely: loan amount, loan tenure, purity of gold, and relationship with Andhra Pradesh State Co-operative Bank.

  • How much Gold Loan can I get per gram in Andhra Pradesh State Co-operative Bank?

The per gram Gold Loan in Andhra Pradesh State Co-operative Bank that you can get depends on the purity of your gold. Andhra Pradesh State Co-operative Bank agrees to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,268 Per Gram in Andhra Pradesh State Co-operative Bank Gold Loan

  • How to check Gold Loan status in Andhra Pradesh State Co-operative Bank?

To check your Andhra Pradesh State Co-operative Bank Gold Loan status all, you need to do is, visit the Andhra Pradesh State Co-operative Bank Loan Status Tracker web page and fill your details in the form given and you can track the status effortlessly of your loan from any place and stay updated.

  • How to calculate Gold Loan Interest in Andhra Pradesh Co-operative Bank?

You can calculate the interest on your Andhra Pradesh State Co-operative Bank Gold Loan using Andhra Pradesh State Co-operative Bank which gives you correct amounts based on the information you enter into the calculator.

  • How to Pay Andhra Pradesh State Co-operative Bank Gold Loan Interest Online?

You can pay Andhra Pradesh State Co-operative Bank Gold Loan interest online through net banking on the authorized Andhra Pradesh State Co-operative Bank loan refund web page or else, you can also refund your Andhra Pradesh State Co-operative Bank Gold Loan on Paytm using your preferred payment procedure.

  • What if I can’t pay the interest on Andhra Pradesh State Co-operative Bank Gold Loan for 3 months?

If you will not pay your Andhra Pradesh State Co-operative Bank Gold Loan for 3 months, firstly the bank will remind you of your incomplete dues. And after that, If the payment requests go unseen an official legal notice is sent demanding the repayment and to finish of the loan. Non-payment on your Gold Loan will lead to a reduction of your credit score and also makes you answerable to face legal actions by the bank including seizure and sale of your gold.

  • How can I apply for EMI Moratorium on Andhra Pradesh State Co-operative Gold Loan?

You can apply for EMI Moratorium on Andhra Pradesh State Co-operative Bank Gold Loan now between first March and 31st August 2020 and must be finished by reaching the Bank’s client care or by visiting the closest Andhra Pradesh State Co-operative Bank office.

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