Karnataka Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

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

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

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 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.

 

 

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