Oriental Bank of Commerce Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Oriental Bank of Commerce Gold Loan Key Features

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

Advantages of Oriental Bank of Commerce Gold Loan

  • Fast Process: Oriental Bank of Commerce Gold Loan gets passed and payout easily. The loan is accessed within a short period of an hour.
  • Minimal Documents: For Oriental Bank of Commerce Gold Loan document process is simple and only crucial documents are required
  • Transparent System: Flawless clarity is provided to the customer, there are no hidden charges.
  • Amount of Loan: The minimum amount of loan granted to the customer is Rs. 15000. In rural areas, the minimum amount can also be less than Rs. 10000.
  • Safety of Jewellery: Oriental Bank of Commerce is answerable for the safety of your gold. Thus, the gold is provided fireproof protection.
  • Loan Tenure: The loan is provided for the duration from 3 months to 2 years.
  • Benefits for Farmers: Oriental Bank of Commerce prevails some special offers for agricultural schemes. Low Gold Loan interest rate for agricultural management is provided.
  • No Debt Burden: If in any situation the applicant is not able to repay the loan amount the applicant will not be under debts. Only the ornaments will be seized.
  • No Income bounds: there are no restrictions 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 Oriental Bank of Commerce Gold Loan

Oriental Bank of Commerce 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 Oriental Bank of Commerce Gold Loan Per Gram.

Oriental Bank of Commerce Gold Loan Eligibility 

The candidates 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

Oriental Bank of Commerce Gold Loan Documents Required

In Oriental Bank of Commerce Gold Loan minimal documentation are required to easily access to the gold loan. Following are the list of papers 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)

Oriental Bank of Commerce 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 Oriental Bank of Commerce Gold Loan

Uncertainties are a part of life. Thus, to fight with all the financial obstructions in your life we all need money. Where Gold Loan plays an indispensable role to fight with the financial crisis. Gold Loan is a secured loan. People with low CIBIL score can also have clear access to this service.  Oriental Bank of Commerce Gold Loan is one of the best Gold Loans in India.

Despite, there is a number of financial banking and non-banking companies that avail the gold loan, but Oriental Bank of Commerce Gold Loan is viewed the best. Oriental Bank of Commerce is well-known for its distinguished financial services, as it is one of the most reputed and trustworthy banks in India.

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

Types of Oriental Bank of Commerce Gold Loan

Oriental Bank of Commerce provides distinct schemes attached to the Gold Loan product. Schemes are as follows:

  • Loan Against Gold- Oriental Bank of Commerce presents Gold Loan at an engaging rate of interests which can actually fulfil anyone’s immediate need of funds for any personal or professional reasons. Gold Loan is effectively a secured form of loan where the bank has no risk 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 Oriental Bank of Commerce 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 basis the loan seekers apply for Loan.

Oriental Bank of Commerce 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 Oriental Bank of Commerce Gold Loan EMI?

Oriental Bank of Commerce Gold Advance can be repaid in the different following ways:

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

Oriental Bank of Commerce Gold Loan Contact Number

Call at 9878981144 to get on-the-spot advice and consent for your Oriental Bank of Commerce Gold Loan. You can know the most suitable offers on Gold Loan available from all the Oriental Bank of Commerce Branches throughout the country to avail the best deal suitable to your needs.

Gold Ornaments Accepted by Oriental Bank of Commerce

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

Use of Oriental Bank of Commerce Gold Loan

The fund that is received by Oriental Bank of Commerce Gold Loan services can be used for several purposes:

  • Fund for any special expenses such as hiking, marriage, instalment of higher tuition payments, etc.
  • Loan services are available for marketing essentials like obtaining fresh supply, developing marketing, etc.
  • Further, Gold Loan can also be availed for horizontal ideas. the bank provides 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 Oriental Bank Of Commerce Gold Loan

  • What is Oriental Bank of Commerce Gold Loan?

Oriental Bank of Commerce Gold Loan is a loan scheme where you can reach for any financial crisis, help by depositing your gold as a guarantee with the bank. It comes with pleasant 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 Oriental Bank of Commerce? 

You can get Oriental Bank of Commerce Gold Loan by moving to any nearby Gold Loan offering branch. Even you can access to Gold Loan online through e-banking with BookMyLoans from anywhere and get the best deals and offers.

  • What is Gold Loan Interest Rate in Oriental Bank of Commerce?

The Gold Loan interest rate in Oriental Bank of Commerce is 7.0% per annum. The rate of interest depends on several measures namely: loan amount, loan tenure, purity of gold etc.

  • How much Gold Loan can I get per gram in Oriental Bank of Commerce?

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

  • How to check Gold Loan status in Oriental Bank of Commerce?

To verify the situation of Oriental Bank of Commerce Gold Loan you can visit Federal Bank Loan Tracker. Fill up your particulars in the given 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 Oriental Bank of Commerce?

Oriental Bank of Commerce Gold Loan interest can be determined using BookMyLoan’s EMI Calculator. It gives you the actual details based on the information the applicant lists in the calculator

  • How to Pay Oriental Bank of Commerce Gold Loan Interest Online?

Oriental Bank of Commerce Gold Loan interest can be returned through net banking on the official Oriental Bank of Commerce loan repayment web page or alternatively. Another mode Paytm can also be used to return Oriental Bank of Commerce Gold Loan or your favoured payment method.

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

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

  • How can I apply for EMI Moratorium on Oriental Bank of Commerce Gold Loan?

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

 

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