Nainital Bank Gold Loan Key Features
| Nainital Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Nainital Bank Gold Loan Interest Rate | 7.0% per annum |
| Nainital Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,268 |
| Nainital Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Nainital Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Nainital Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Nainital Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Nainital Bank Gold Loan
- Fast Process: Nainital Bank Gold Loan gets accepted and payout easily. The loan is within an hour.
- Minimal Documents: For Nainital Bank Gold Loan document process is straightforward and only requisite documents are required
- Transparent System: Impeccable clarity is provided to the customer, there are no hidden charges.
- Amount of Loan: The minimum amount of loan provided to the customer is Rs. 15000. In rural areas, the minimum amount can also be less than Rs. 10000.
- Safety of Jewellery: Nainital Bank is liable for the security of your gold. Thus, the gold is provided fireproof security.
- Loan Tenure: The loan is given for the term from 3 months to 2 years.
- Benefits for Farmers: Nainital Bank prevails some exclusive offers for agricultural objectives. Low Gold Loan interest rate for agricultural practices are given.
- No Debt Burden: If in any circumstances the applicant is not able to pay the loan amount the aspirant will not be under debts. Only the ornaments will be seized.
- No Income bounds: there are no constraints 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 Nainital Bank Gold Loan
Nainital Bank 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 |
Call on 9878981144 to avail the Most useful Deals and Offers on Nainital Bank Gold Loan Per Gram.
Nainital Bank Gold Loan Eligibility
The loan seeker for 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 |
Nainital Bank Gold Loan Documents Required
In Nainital Bank Gold Loan least documentation are needed to easily 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) |
Nainital Bank Gold Loan Interest Rate, Fees and Charges
Gold as security is accessible at a low-interest rate because it’s under the category of secured loans. Therefore, the Gold Loan interest rates are inferior to 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 Nainital Bank Gold Loan
Uncertainties are a part of life. Thus, to tackle with all the financial obstacles 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 straightforward access to this service. Nainital Bank Gold Loan is one of the most suitable Gold Loans in India.
Despite, there is plenty of financial banking and non-banking companies that avail the gold loan, but Nainital Bank Gold Loan is recognised the best. Nainital Bank is well-known for its splendid financial services, as it is one of the most reputed and dependable banks in India.
- Nainital Bank Gold Loan Interest Rate is 7.00% per annum
- Nainital Bank Gold Loan Per Gram is ₹ 5,268
- Nainital Bank Gold Loan Tenure: Up to 24 months
- Nainital Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Nainital Bank Gold Loan
Nainital Bank provides diversified schemes attached to the Gold Loan product. Schemes are as follows:
- Loan Against Gold- Nainital 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 absolutely a secured form of loan where the bank has no venture in the lending amount of money to the loan seeker at a lower rate of interest as compared to the other forms of Loan products.
- Loan Against Gold for Agriculture- Especially for agricultural purposes to farmers Nainital Bank Avails Gold Loan at a unique rate of interest as compared to the Gold Loans which are rendered for other uses. Especially offers avails and the bank need the Land proofs on which basis the loan seekers apply for Loan.
Nainital 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 Nainital Bank Gold Loan EMI?
Nainital Bank Gold Advance can be compensated in the different following ways:
- Standing Instruction (SI): If you are an account holder with Nainital Bank currently, then Standing Instructions is the usual opted mode of compensation. toward the end of the month term, the EMI amount will be charged from the applicants Nainital Bank account the candidate shows.
- Electronic Clearing Service (ECS): This scheme is for the candidates who have a non-Nainital Bank record and the EMIs need to be debited consequently at the end of the month cycle from this account.
- Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from non-Nainital Bank statement at your nearby Nainital Bank Loan Center. Immediately, the latest version of PDCs should be performed. For ideal condition, it’s advised to note Post Dated Checks which will be collected non-ECS states as it were.
Nainital Bank Gold Loan Contact Number
Call at 9878981144 to get immediate help and permission for your Nainital Bank Gold Loan. You can know the best offers on Gold Loan accessible from all the Nainital Bank Branches throughout the country to avail the best deal suitable to your needs.
Gold Ornaments Accepted by Nainital Bank
- Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all acquired by Nainital Bank for seeking Gold Loan
- Quality: The quality of Gold should be among 18 to 22 Carat. Any 24 Carat gold ornaments cannot be utilised to avail a gold loan.
Use of Nainital Bank Gold Loan
The fund that is obtained by Nainital Bank Gold Loan services can be used for numerous purposes:
- Fund for any appropriate investments such as hiking, marriage, instalment of higher tuition payments, etc.
- Loan services are available for marketing conditions like obtaining fresh supply, developing marketing, etc.
- Extra Gold Loan can also be availed for horizontal plans. the bank presents 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 |
|
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 Gold Loan
- What is Nainital Bank Gold Loan?
Nainital Bank Gold Loan is a loan scheme where you can obtain for any difficult 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 Nainital Bank?
You can get Nainital Bank Gold Loan by being to any nearby Gold Loan offering branch. Even you can obtain to Gold Loan online with BookMyLoans from anywhere and get the best deals and offers.
- What is Gold Loan Interest Rate in Nainital Bank?
The Gold Loan interest rate is 7.0% per Nainital Bank annum. The rate of interest depends on several criteria namely: loan amount, loan tenure, purity of gold etc.
- How much Gold Loan can I get per gram in Nainital Bank?
The value of per gram Gold Loan purely depends on the pureness and quality of the gold. Nainital Bank believes gold pureness among 18 to 22 carats to present a Gold Loan. You can avail up to Rs. 5,268 per gram in Nainital Bank Gold Loan.
- How to check Gold Loan status in Nainital Bank?
To confirm the status of Nainital Bank Gold Loan you can visit Nainital Bank Loan Tracker. Fill up your features in the presented form. This can easily help you to track the status of your loan from anywhere at any time and keeps you updated.
- How to calculate Gold Loan Interest in Nainital Bank?
Nainital Bank Gold Loan interest can be assessed using BookMyLoan’s EMI Calculator. It gives you the precise details based on the information the applicant inscribed in the calculator
- How to Pay Nainital Bank Gold Loan Interest Online?
Nainital Bank Gold Loan interest can be funded through net banking on the official Nainital Bank loan compensation web page or alternatively. A different mode like Paytm can also be used to compensate Nainital Bank Gold Loan or your preferred payment method.
- What if I can’t pay the interest on Nainital Bank Gold Loan for 3 months?
If the interest is not paid back for 3 months, then initially notice is given for your pending dues. After this, if the refund requests go disregarded or unheard then an official legal warning is given, that demands the payment and closure of the loan. Such faults your Gold Loan concludes up in a decrease of your credit score and also make you accountable to face legal actions by the bank which may include confiscation and auction of your gold.
- How can I apply for EMI Moratorium on Nainital Bank Gold Loan?
You can apply for EMI Moratorium on Nainital Bank Gold Loan within 1st March and 31st August 2020. You can get it done by communicating the Bank Customer Care or visiting the nearby Nainital Bank branch.