Corporation Bank Gold Loan Key Features
|Corporation Bank Gold Loan Amount||Up to Rs. 1 Crore (With Income Proof)|
|Corporation Bank Gold Loan Interest Rate||7.0% per annum|
|Corporation Bank Gold Loan Per Gram||Rate Per Gram Today is ₹ 5,268 |
|Corporation Bank Gold Loan Processing Fee||1.50% of the Principal Loan Amount|
|Corporation Bank Gold Loan Prepayment Charges||2%+GST (Within 3 Months), 0 (After 3 months)|
|Corporation Bank Gold Loan Repayment Tenure||3 Months to 24 Months|
|Corporation Bank Gold Loan Repayment Scheme||Bullet Payment Scheme, Overdraft Scheme|
Advantages of the Corporation Bank Gold loan
- Quick Process: Corporation Bank Gold Loan is affirmed and dispensed rapidly and without any problem. The credit gets went in 60 minutes.
- Fewer Documents: The documentation cycle is direct and less, fundamental records are required for the Corporation Bank gold credit.
- Straightforward System: The bank gives full straightforwardness to the client; that is, there are no shrouded charges.
- The measure of Loan: The base measure of advance that Corporation Bank gives to the client is Rs. 15000. Additionally, It can be not as much as Rs 10000 in rustic regions.
- The wellbeing of Jewelry: One significant thing to note is that the bank is subject altogether for the security of your gold. Accordingly, the gold is kept in flame-resistant security.
- Advance Tenure: The residency of the advance can be from 3 months to 2 years. Consequently, You can pick as per your solaces.
- Advantages for Farmers: Corporation bank gives some exceptional proposals for horticultural purposes. That is, the bank offers a slight low Gold credit financing cost for a Gold advance for agrarian use.
- No Debt Burden: There can be circumstances in which a candidate can’t reimburse the advance sum in such a case the candidate won’t be under obligations as the bank will just take the decorations.
- No Income limits: There are no limitations on the compensation or pay of the candidate; thus, anybody with any pay fury can benefit a gold credit
How Much Gold Loan can I Get through Corporation Bank Gold Loan
Corporation Bank Gold Loan Per Gram – Updated September 2020
|Updated – Gold Loan Per Gram Rate|
|Gold Weight||Gold Purity |
|Gold Purity |
|Gold Purity |
|Gold Purity |
Corporation Bank Gold Loan Eligibility
18-70 years of age
Minimum 18 Carats
Corporation Bank Gold Loan Documents Required
|2 Passport Size|
|Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)|
|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)|
Corporation Bank Gold Loan Interest Rate, Fees and Charges
Gold Loan Interest Rate
|7.00% per annum|
1.50% of the Principal Loan Amount
2%+GST (Within 3 Months), 0 (After 3 months)
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 Corporation Bank Gold Loan
Life is brimming with vulnerabilities. Subsequently, you may require cash to adapt up to monetary obstacles throughout your life. For this situation, you can get a Gold Loan to battle with the money related emergency. A gold credit is made sure about advance. Along these lines, individuals with low CIBIL scores can likewise effectively benefit this administration. Corporation Bank Gold Loan is extraordinary compared to other gold advances in India.
However, there is a great deal of money related banking and non-banking organizations that give you a gold credit, but Corporation Bank Gold Loan is thought about the best. It is one of the most rumoured and dependable banks in India. Likewise, It is known for its splendid money related to administrations.
- Corporation Bank Gold Loan Interest Rate is 7.0% per annum
- Corporation Bank Gold Loan Per Gram is ₹ 5,268
- Corporation Bank Gold Loan Tenure: Up to 24 months
- Corporation Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Corporation Bank Gold Loan
Corporation Bank offers different plans connected to the Gold Loan item which are recorded underneath:
Loan Against Gold – Corporation Bank gives Gold Loan at appealing paces important to satisfy anybody’s critical need of assets for any reason whether individual or expert. The gold credit is a completely made sure about type of advances and subsequently, the bank has no danger in loaning the sum to the candidate so it is given at a slower pace of premium when contrasted with different types of Loan items.
Loan Against Gold for Agriculture – Corporation Bank gives Gold Loans explicitly to agribusiness purposes to ranchers at an uncommon pace of enthusiasm when contrasted with gold advances given for different employments. They are given exceptional offers and you have to give the bank Land evidence to which you are taking the Loan.
Corporation Bank Gold Loan EMI Calculator
Rate of Interest
How to Pay Your Corporation Gold Loan EMI?
Your Corporation Bank gold development can be repaid in the accompanying three distinct ways.
- Standing Instruction (SI): If you are a current record holder with Corporation Bank, Standing Instruction is the most trustworthy strategy for pay. Your EMI sum will be credited consequently towards the month’s end to the month time span from the Corporation Bank account you show.
- Electronic Clearing Service (ECS): This program can be applied on the off chance that you have a non- Corporation Bank record and may require your EMIs to be charged therefore close to the furthest limit of the month to month cycle from this record.
- Post-Dated Checks (PDC): You can introduce post-dated EMI investigations from a non-Corporation Bank proclamation at your nearest Corporation Bank Loan Center. Another adaptation of PDCs ought to be introduced right away. It will be great in the event that you note Post Dated Checks will be gathered non-ECS states in a manner of speaking.
Corporation Bank Gold Loan Contact Number
Call 9878981144 and get moment help and endorsement for your Corporation Bank Gold Loan. You can know the best proposals on Gold Loan accessible from all the Corporation Bank Branches all through the nation to profit the best arrangement appropriate to your requirements.
Gold Ornaments Accepted by Corporation Bank
Gold Jewelry: For example, Gold Bangles, Gold rings, Gold anklets, Gold neckbands, and so forth these are acknowledged by Corporation Bank for profiting a Gold Loan.
Quality: The nature of gold ought to be between 18 Carat to 22 Carat. Any gold trimming which is 24 Carat, can’t be utilized for profiting a gold credit.
Use of Corporation Bank Gold Loan
The assets procured by benefiting the Corporation Gold Loan administration can be utilized for a few purposes, for example,
- To finance specific speculation, for example, marriage, climbing, a portion of higher education cost instalments, and so forth.
- For all your promoting necessities, for example, buying new flexibly, creating advertising, and so forth., credit administration is accessible.
- You can moreover benefit from a Gold Loan for green thoughts. The bank gives lower costs of enthusiasm for Gold Loans that are used for cultivating or related ventures.
Gold Loan Interest Rate of Major Banks
7.00% – 14.50%
|7.00% – 16.10%|
|Muthoot Finance Gold Loan|| |
7.00% – 24.00%
|7.00% – 17.00%|
|Manappuram Gold Loan|| |
7.00% – 26.00%
|7.00% – 15.99%|
|Bank of India Gold Loan|| |
7.00% – 26.00%
|7.00% – 13.50%|
|IIFL Gold Loan|| |
7.00% – 12.00%
|7.00% – 14.65%|
7.00% – 12.65%
|Allahabad Bank Gold Loan|| |
7.00% – 10.45%
|7.00% – 15.75%|
|PNB Gold Loan|| |
7.00% – 11.75%
|7.00% – 26%|
|SBI Gold Loan|| |
7.00% – 15.99%
|7.00% – 15.99%|
|UCO Bank Gold Loan|| |
7.00% – 26.00%
|7.00% – 13.50%|
|Syndicate Bank Gold Loan|| |
7.00% – 12.00%
FAQs About Corporation Bank Gold Loan
- What is Corporation Bank Gold Loan?
Corporation Bank Gold Loan helps in getting advance against gold gems. In India, gold credits are less expensive and effectively accessible when contrasted with individual advances.
- How can I get the Gold Loan from Corporation Bank?
You can get Corporation Bank Gold Loan by visiting any of the gold advance contributions part of Corporation Bank or you can apply online with bookmyloans from the solace of your home and get the best arrangements and offers. Corporation Bank is one of the main banks in India that gives Gold Loan administration.
- What is Gold Loan Interest Rate in Corporation Bank?
The Gold Loan Interest Rate in Corporation Bank is 7.0% per annum.
- How much Gold Loan can I get per gram in Corporation Bank?
The per gram Gold Loan in Corporation Bank that you can get relies upon the immaculateness of your gold. Corporation Bank acknowledges gold of immaculateness between 18 carats to 22 carats to give a Gold Loan. You can profit up to ₹ 5,268 Per Gram in Corporation Bank Gold Loan.
- How to check Gold Loan status in Corporation Bank?
So as to check your Corporation Bank Gold Loan status you should simply visit the Corporation Bank Loan Status Tracker website page and fill in your subtleties in the structure given. You can undoubtedly follow the status of your advance from anyplace and stay refreshed.
- How to calculate Gold Loan Interest in Corporation Bank?
You can figure the enthusiasm on your Corporation Bank Gold Loan utilizing EMI Calculator which gives you exact sums dependent on the data you go into the number cruncher.
- How to Pay Corporation Bank Gold Loan Interest Online?
You can pay Corporation Bank Gold Loan premium online through net relying upon the authority Corporation Bank advance reimbursement page or then again, you can likewise reimburse your Corporation Bank Gold Loan on Paytm utilizing your favoured instalment strategy.
- What if I can’t pay the interest on Corporation Gold Loan for 3 months?
On the off chance that you don’t pay your Corporation Bank Gold Loan for 3 months, the bank will from the outset help you to remember your forthcoming contribution. In the event that the instalment demands go unheard, an authority legitimate notification is sent requesting the reimbursement and conclusion of the advance. Defaulting on your Gold Loan brings about a reduction of your FICO assessment and furthermore makes you obligated to confront legitimate activities by the bank including the seizure and sale of your gold.
- How can I apply for EMI Moratorium on Corporation Gold Loan?
You can apply for EMI Moratorium on Corporation Bank Gold Loan now between first March and 31st August 2020 and must be finished by reaching the Bank client care or visiting the closest Corporation Bank office.