Karnataka Bank Gold Loan Key Features
Karnataka Bank Gold Loan Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
Karnataka Bank Gold Loan Interest Rate | 7.0% per annum |
Karnataka Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,268 |
Karnataka Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
Karnataka Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
Karnataka Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
Karnataka Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Karnataka Bank Gold Loan:
- Speedy Practice: Karnataka Bank Gold Loan is endorsed and expended promptly and efficiently. The credit takes place in 60 minutes.
- Fewer Documents: The documents needed are less in number, and a very clear procedure is followed.
- Transparent System: The bank gives complete clarity to the loan consumers; that is, there are no unknown charges.
- The extent of Loan: Karnataka Bank provides 15000Rs nominally. To the clients and even less to the clients from provincial areas, that is; 10000 Rs.
- Jewellery is Secured: Karnataka Bank must keep the ornaments intact. They should be protected from heat.
- Tenure of Allowance: The tenure of the credit varies from 3 months to 2 years. Thence, an applicant can select it conferring their happiness.
- Favourable to Farmers: Karnataka bank foster exclusive benefits to the farmers. They are given credit at a low banking rate.
- No Debt Burden: Situations in which the client is financially weak, there is no worrying about debt, the bank will grab your ornaments and keep it with them till the time you repay them.
- No Income bounds: every individual does not earn the same amount of money; thus, it is illogical to distribute loans based on income. Hence, Karnataka Bank decides not to give loans based on individuals earning.
How Much Gold Loan can I Get through Karnataka Bank Gold Loan:
Karnataka Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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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 |
Karnataka Gold Loan Eligibility:
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Karnataka 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) |
Karnataka Gold Loan Interest Rate, fees:
Karnataka Bank Gold Loan provides interest at a slightly lower interest rate whi8ch seems quite engaging to the customers. Gold Loan is fully trustable than the other forms of loans.
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 Karnataka Bank Gold Loan:
Waiting for long in a queue for a loan seems exhausting. Hurry up and apply for a gold loan at Karnataka Bank. It offers funds to the applicants to fulfil their targets. Everyone faces a financial crisis; thus, Karnataka Bank Gold Loan is the most suitable and dependable option for the loan aspirant. It is popular among various other banking and non-banking investment companies. And, highly respectable and considerable gold loan provider.
- Karnataka Bank Gold Loan Interest Rate is 7.0% per annum.
- Karnataka Bank Gold Loan Per Gram is ₹ 5,268
- Karnataka Baabout Gold Loan Tenure: Up to 24 months about Karnataka Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Karnataka Bank Gold Loan:
Numerous strategies are proposed by Karnataka Bank given below-
- Loan Against Gold – Gold Loan ensures you trustable services. Karnataka Bank gives loans to the people so that they can perform their pending activities and can meet their needs. Comparatively, a gold loan is provided to the clients at a low-interest rate than the other kind of credits availed. This does not lead to any doubt to the bank in lending them a huge amount.
- Loan Against Gold for Agriculture – Karnataka bank gives appealing interest rates. Especially, agricultural works and workers are given exceptional offers. Karnataka Bank will ensure them a loan at a slightly low borrowing rate. Additionally, you have to provide land evidence to the bank.
Karnataka 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 Karnataka Bank Gold Loan EMI?
- Standing Instruction (SI): Standing Instruction is the true process of compensation if you are a current account holder if Karnataka Bank. Your EMI can simply be credited from the present record.
- Electronic Clearing Service (ECS): This practice is considered only and only if you have a non-Karnataka bank record and you wish for EMI to be debited undoubtedly from your current account.
- Post-Dated Checks (PDC): Post Dated EMIs should be evaluated at the non-Karnataka bank at the Karnataka Bank and loan centre located nearby. And, your new PCDs submission should be on time.
Karnataka Bank Gold Loan Contact Number:
Give a ring to 9878981144 for more details and best deals and offers of Karnataka Bank Gold Loan.
Gold Ornaments Accepted by Karnataka Bank:
- Gold Jewellery- Bank desire for Gold bracelet, Gold rings, or Gold Necklace. Any ornament can be accepted, but it should be of gold.
- Quality- Pure gold is admitted to the bank, and that too lies between 18 to 22 carats.
Use of Karnataka Gold Loan:
- Business needs come first when you have a huge amount; thus, you can use it in developing business.
- Individually, we want to fulfil our desires, and thus, in search of it, we use it for personal use.
- Agricultural needs are demanding and should be fulfilled.
Gold Loan Interest Rate of Major Banks
Bank |
Interest Rates |
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 Karnataka Bank Gold Loan:
- What is Karnataka Gold Loan?
Karnataka Gold Loan serves the needful individuals who wanted to attain their targets and fulfil their needs, by providing them funds in exchange for gold jewellery. It is the most demanding bank and gives interest at low rates.
- How can I get the Gold Loan from Karnataka Bank?
To pay attention to your convenience, you can visit an online BookMyLoans website for gold loans. Otherwise, you can go to the nearest Karnataka Bank branch.
- What is Gold Loan Interest Rate in Karnataka Bank?
The Gold Loan interest rate of Karnataka Bank is 7.0%.
- How much Gold Loan can I get per gram in Karnataka Bank?
Rs. 5,268 Per Gram Gold Loan is provided in Karnataka Bank.
- How to check Gold Loan status in Karnataka Bank?
By visiting Karnataka Bank Gold Loan tracker webpage, you can view your gold loan status consequently. Else, you can visit the nearest branch of Karnataka Bank.
- How to calculate Gold Loan Interest in Karnataka Bank?
EMI Calculator can be used to perform your calculative activities related to the gold loan.
- How to Pay Karnataka Bank Bank Gold Loan Interest Online?
Online payment is the most convenient way method for everyone. It can be easily done. You only have to select the payment mode like Paytm or any other favourable method.
- What if I can’t pay the interest on Karnataka Bank Gold Loan for 3 months?
Customers are responsible if they are not paying the interest on Karnataka Bank Gold Loan for 3 months. They should show their contribution and get the payment done soon. Otherwise, legitimate activities can be performed.
- How can I apply for EMI Moratorium on Karnataka Bank Gold Loan?
For EMI Moratorium you are welcome to the nearest branch of Karnataka bank. Likewise, you can also get in touch with customer care at loan service.