IDFC Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

IDFC Bank  Gold Loan Key Features

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

Advantages of  IDFC Bank Gold Loan

  • Fast Process: IDFC Bank Gold Loan gets accepted and payout easily. The loan availed within an hour.
  • Minimal Documents: For IDFC Bank Gold Loan document process is quickly done the process and only necessary documents are required.
  • Transparent System: Complete openness is provided to the customer, there are no hidden charges.
  • Amount of Loan: The merest amount of loan provided to the customer is Rs. 15000. In rural areas, the merest amount can also be less than Rs 10000.
  • Safety of Jewellery: IDFC Bank is answerable for the security of your gold. Thus, the gold is provided fireproof security.
  • Loan Tenure: The loan is granted for the term from 3 months to 2 years.
  • Benefits for Farmers: IDFC Bank holds some exclusive offers for agricultural purposes. Low Gold Loan interest rate for agricultural uses are provided.
  • No Debt Burden: If in any circumstances the applicant is not able to return the loan amount the applicant will not be under debts. Only the ornaments will be seized.
  • No Income bounds: There are no limitations on the salary of the applicant. Hence, applicants with any income level can avail a gold loan.

How much Gold Loan can I Get through IDFC Bank Gold Loan

IDFC 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

Call on 9878981144 to avail the Best Deals and Offers on IDFC Bank Gold Loan Per Gram.

IDFC Bank Gold Loan Eligibility 

The aspirants Gold Loan are eligible only if they fulfil the following criteria:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

IDFC Bank Gold Loan Documents Required

In IDFC Bank Gold Loan least documents are required to efficiently access to the gold loan. Following are the list of 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)

IDFC Bank Gold Loan Interest Rate, Fees and Charges

Gold as protection is accessible at a low-interest rate because it’s under the section of secured loans. Therefore, the Gold Loan interest rates are minor than that of the personal loan or any other type of loans. The Gold Loan rate keeps on altering time to time as well as person to person.

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 IDFC Bank Gold Loan

Uncertainties are a part of life. Thus, to undertake with all the financial complications in your life we all need money. Where Gold Loan plays an essential role to fight with the financial crisis. Gold Loan is a secured loan. People with low CIBIL score can also have easy access to this service.  IDFC Bank Gold Loan is one of the most suitable Gold Loans in India.

Despite, there is a quantity of financial banking and non-banking companies that avail the gold loan, but IDFC Bank Gold Loan is considered the best. IDFC Bank is well-known for its excellent financial services, as it is one of the most likely and reliable banks in India.

  • IDFC Bank Gold Loan Interest Rate is 7.00% per annum
  • IDFC Bank Gold Loan Per Gram is ₹ 5,268
  • IDFC Bank Gold Loan Tenure: Up to 24 months
  • IDFC Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of IDFC Bank Gold Loan

IDFC Bank provides diverse schemes attached to the Gold Loan product. Schemes are as follows:

  • Loan Against Gold- IDFC Bank provides Gold Loan at an engaging rate of interests which can actually fulfil anyone’s direct need of funds for any personal or professional reasons. Gold Loan is completely a secured form of loan where the bank has no risk in the lending amount of money to the applicants at a minimum rate of interest as compared to the other forms of Loan products.
  • Loan Against Gold for Agriculture- Especially for agricultural purposes to farmers IDFC Bank Avails Gold Loan at a specific rate of interest as compared to the Gold Loans which are granted for other uses. Especially offers avails and the bank need the Land proofs on which source the loan seekers apply for Loan.

IDFC 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 IDFC Bank Gold Loan EMI?

IDFC Bank Gold Advance can be compensated in the different following ways:

  • Standing Instruction (SI): If you are an account holder with IDFC Bank currently, then Standing Instructions is the common opted method of payment, toward the completion of the month period, the EMI amount will be charged from the applicants IDFC Bank account the applicant displays.
  • Electronic Clearing Service (ECS): This scheme is for the applicants who have a  non-IDFC Bank record and the EMIs need to be debited consequently at the completion of the monthly cycle from this account.
  • Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from non-IDFC Bank statement at your nearby IDFC Bank Loan Center. Now, the new version of PDCs should be presented. For ideal condition, it’s suggested to note Post Dated Checks which will be collected non-ECS states as it were.

IDFC Bank Gold Loan Contact Number

Call at 9878981144 to get immediate help and approval for your IDFC Bank Gold Loan. You can know the best offers on Gold Loan available from all the IDFC Bank Branches anywhere in the country to avail the best opportunity suitable to your needs.

Gold Ornaments Accepted by IDFC Bank 

  • Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all accepted by IDFC Bank for seeking Gold Loan
  • Quality: The quality of Gold should be within18 to 22 Carat. Any 24 Carat gold ornaments cannot be utilised to avail a gold loan.

Use of IDFC Bank Gold Loan

The fund that is secured by IDFC Bank Gold Loan services can be used for various purposes:

  • Fund for any special investments such as hiking, matrimony, instalment of higher tuition payments, etc.
  • Loan services are accessible for marketing essentials like purchasing fresh supply, developing marketing, etc.
  • Additional Gold Loan can also be availed for horizontal views. The bank grants a lower rate of interest for Gold Loans that are available for farming or farming-related projects.

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 Gold Loan

  • What is IDFC Bank Gold Loan?

IDFC Bank Gold Loan is a loan scheme where you can obtain for any crisis financial help by keeping your gold as a guarantee with the bank. It comes with appealing interest rates on Term Loan, Overdraft and EMI based loan. Average Gold Loan disbursal time is just 45 minutes.

  •  How can I get the Gold Loan from the IDFC Bank? 

You can get IDFC Bank Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with BookMyLoans from anywhere and get the best deals and offers.

  •    What is Gold Loan Interest Rate in IDFC Bank?

The Gold Loan interest rate in IDFC Bank is 7.0% per annum. The rate of interest depends on various criteria namely: loan amount, loan tenure, purity of gold etc.

  •    How much Gold Loan can I get per gram in IDFC Bank?

The value of per gram Gold Loan essentially depends on the purity and quality of the gold. IDFC Bank considers gold purity within 18 to 22 carats to provide a Gold Loan. You can avail up to Rs. 5,268 per gram in IDFC Gold Loan.

  •    How to check Gold Loan status in IDFC Bank?

To review the status of IDFC Bank Gold Loan you can visit IDFC Bank Loan Tracker. Fill up your details in the presented form. This can quickly help you to trace the status of your loan from anywhere at any time and keeps you updated.

  •    How to calculate Gold Loan Interest in Federal Bank?

IDFC Bank Gold Loan interest can be calculated using BookMyLoan’s EMI Calculator. It gives you the accurate details based on the information the applicant enters in the calculator

  •    How to Pay IDFC Bank Gold Loan Interest Online?

IDFC Bank Gold Loan interest can be repaid through net banking on the official IDFC Bank loan payment web page or alternatively. Another mode Paytm can also be used to pay IDFC Bank Gold Loan or your preferred payment method.

  •    What if I can’t pay the interest on IDFC Bank Gold Loan for 3 months?

If the interest is not paid back for 3 months, then originally a warning is given for your pending dues. After this, if the payment requests go overlooked or unheard then an official legal notice is sent, that demands the payment and closure of the loan. Such defaults on your Gold Loan ends up in a reduction of your credit score and also make you liable to face legal actions by the bank which may include confiscation and auction of your gold.

  •    How can I apply for EMI Moratorium on IDFC Bank Gold Loan?

You can apply for EMI Moratorium on IDFC Bank Gold Loan within 1st March and 31st August 2020. You can get it done by reaching the Bank Customer Care or visiting the nearby IDFC Bank branch.

 

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