Andhra Bank Gold Loan Key Features – Apply Now!
Andhra Bank Gold Loan Interest Rate | 7.11% per annum |
Andhra Bank Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,032 |
Andhra Bank Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
Andhra Bank Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
Andhra Bank Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
Andhra Bank Gold Loan Repayment Tenure | 3 Months to 24 Months |
Andhra Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Andhra Bank Gold Loan
- Fast procedure: Get a gold loan from Andhra Bank easily and quickly without hassle. The loan will be settled in just 60 minutes.
- A small number of documents: Documents are making steady progress. Less paperwork is required to get a gold loan from Andhra Bank.
- Transparent system: Andhra Bank offers clients a wide range of transparency. In other words, there are no unspecified charges.
- Loan Amount: The minimum loan amount that Andhra Bank can offer to its clients is Rs. 15,000. In rural areas, it can be less than 10,000 rupees.
- Jewellery protection. It is important to note that the bank has full responsibility for protecting your money. After that, they kept the gold in a fireproof safe.
- Loan Term: The term of a gold loan from Andhra Bank is three months to 2 years. Then you can choose your luxury accordingly.
- RancherProfit: Andhra Bank offers several different deals for agricultural purposes. Andhra Bank offers minimal interest rates on agricultural gold loans.
- No Debt: If the applicant is unable to repay the loan amount, the bank will confiscate only the applicant’s jewellery, which can lead to various situations such as the applicant not being in debt.
- No income boundaries: There are no restrictions on the applicant’s salary or income. From now on, anyone can apply for a gold loan from Andhra Bank, regardless of the salary range. Life is full of anxiety and fear. Later you may need cash
How Much Gold Loan can I Get through Andhra Bank Gold Loan
Andhra 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 |
Andhra Bank Gold Loan Eligibility
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Andhra 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) |
Andhra Bank Gold Loan Interest Rate, Fees and Charges
HDFC 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 Andhra Bank Gold Loan
Life is full of worries and fears. After that, you may need cash to deal with financial problems in your life. In this case, Andhra Bank can offer you a gold loan to help you deal with the financial crisis. A gold loan is a safe loan. After that, people with a reduction in CIBIL can easily apply for this service.
However, there are many financial banking and non-banking institutions that can give you a gold loan, but gold loans are considered the largest. Andhra Bank was established in 1923. It is one of the most deceptive and persistent banks in India. It is also known for its strong economic characteristics. Transactions are very safe here.
- Andhra Bank Gold Loan Interest Rate is 7.11% per annum
- Andhra Bank Gold Loan Per Gram is ₹ 5,032
- Andhra Bank Gold Loan Tenure: Up to 24 months
- Andhra Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST
Types of Andhra Bank Gold Loan
Andhra Bank offers some schemes related to the Gold Credit element listed below:
- Loans for Gold – Andhra Bank offers Gold Loans in exciting steps that are important to meet the needs of all the critical asset, whether individual. Or professionally. The type of loan secures gold loans, and then the bank has no risk of giving all the loans to the applicant, so it will be given more slowly and best with a variety of loan items.
- Loan instead of gold for agriculture – Andhra Bank explicitly gives gold loans for agricultural purposes which are of rare interest when coupled with gold loans granted for various occasions. You will receive many offers, and at the time of taking the loan, you will have to show proof of land to the bank.
Andhra 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 Andhra Bank Gold Loan EMI?
- Standing Instruction (SI): If you have an account with Andhra Bank, standing instruction is the most reliable payment method. Your total EMI will be logically credited to the Andhra Bank account you specify by the end of the month.
- Electronic Clearing Service (ECS): This program can be helpful in events where you have a non-Andhra Bank and may require a fee for your EMI close to the monthly cycle limit of this dataset.
- Post-dated check (PDC): You can deposit the post-dated EMI exam from a non-Andhra bank account to your nearest Andhra Bank loan centre. another way
Andhra Bank Gold Loan Contact Number
Call 9878981144 and get quick help and deal with your Andhra Bank gold loan. Now you can find out about the Gold Loan Premium offers available at all Andhra Bank branches across the country to get the best offer according to your requirements.
Gold Ornaments Accepted by Andhra Bank
- Quality: the gold standard must be between 18 and 22 carats. Any 24 karat gold trim cannot be used to borrow gold.
- Gold Ornaments: Andhra Bank accepts Gold Bangles, Gold Rings, Gold Anklets, Gold Necklaces etc. for a gold loan
Use of Andhra Bank Gold Loan
Assets are fixed with the availability of Andhra Bank’s Gold Loan Facility:
- Funding in investments like marriage, climbing, higher education expenses.
- For all your marketing needs, sourcing new supplies, marketing development, etc., access to a line of credit.
- You can apply for a gold loan for agricultural ideas. The bank offers a small interest rate for gold loans used for agriculture or related projects.
Gold Loan Interest Rate of Major Banks
Bank |
Interest Rates |
HDFC Bank Gold Loan |
7.11% – 14.50% |
ICICI Gold Loan |
7.11% – 16.10% |
Muthoot Finance Gold Loan |
7.11% – 24.00% |
Axis Bank Gold Loan |
7.11% – 17.11% |
Manappuram Gold Loan |
7.11% – 26.00% |
Yes Bank Gold Loan |
7.11% – 15.99% |
Bank of India Gold Loan |
7.11% – 26.00% |
Federal Bank Gold Loan |
7.11% – 13.50% |
IIFL Gold Loan |
7.11% – 12.00% |
Central Bank of India Gold Loan |
7.11% – 14.65% |
Canara Bank Gold Loan |
7.11% – 12.65% |
Allahabad Bank Gold Loan |
7.11% – 10.45% |
Induslnd Bank Gold Loan |
7.11% – 15.75% |
PNB Gold Loan |
7.11% – 11.75% |
Bajaj Finance Gold Loan |
7.11% – 26% |
SBI Gold Loan |
7.11% – 15.99% |
Indian Bank Gold Loan |
7.11% – 15.99% |
UCO Bank Gold Loan |
7.11% – 26.00% |
Kotak Mahindra Bank Gold Loan |
7.11% – 13.50% |
Syndicate Bank Gold Loan |
7.11% – 12.00% |
FAQs About Andhra Bank Gold Loan
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What is Allahabad Bank Gold Loan?
Andhra Bank Gold Loan is a credit system that allows you to apply for urgent financial assistance by depositing gold in a bank as collateral. Besides, it offers high-interest rates on term loans, overdraft, and EMI-based loans. The expected withdrawal time for a gold loan at Andhra Bank is only 45 minutes.
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How can I get the Gold Loan from Allahabad Bank?
Visit Andhra Bank’s Gold Loan branch to get Andhra Bank’s Gold Loans fluently, or sit at home and get the best deals and suggestions to sign up for LendingWale online. Andhra Bank is one of India’s largest banks offering gold loan functionality.
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What is Gold Loan Interest Rate in Allahabad Bank?
Andhra Bank’s Gold Loan interest rate is 7.11% per year. Interest rates are affected by several factors: loan amount, loan terms, gold purity, relationship with Andhra Bank.
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How much Gold Loan can I get per gram in Allahabad Bank?
At Andhra Bank, you can get gold credit per gram depending on the purity of your gold. Andhra Bank has decided to borrow gold between 18 carats and 22 carats to offer gold loans. You can avail up to Rs 5,032 per gram in Andhra Bank Gold Loan.
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How to check Gold Loan status in Allahabad Bank?
To check your Andhra Bank Gold Loan status, all you have to do is visit the Andhra Bank Loan Status Tracker website and fill in your details in the form provided, and you can imaginatively track the form and from where You can find out the status of your loan while you live.
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How to calculate Gold Loan Interest in Allahabad Bank?
You can calculate interest on your Andhra Bank Gold Loan using the LendingWale EMI Calculator, which will provide you with safe funds based on the information you put into the calculator.
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How to Pay Allahabad Bank Gold Loan Interest Online?
You can pay the interest of Andhra Bank loan online through net banking on Andhra Bank’s official loan settlement website, or you can repay your Andhra Bank Gold loan on Paytm using your payment method.
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What if I can’t pay the interest on Allahabad Bank Gold Loan for 3 months?
If you do not pay the gold loan for three months, the bank will first notify you of the due date. After that, if the payment request is not taken into account, a confirmed legal notice will be sent requesting compensation and termination of the loan. Failure to pay a gold loan will reduce your creditworthiness and will result in legal liability for the legal actions taken by the bank and for the foreclosure and auction of gold.
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How can I apply for EMI Moratorium on Allahabad Bank Gold Loan?
You can apply for the Andhra Bank Gold Loan EMI Moratorium between March 1st and August 31st, 2020. it must be done by notifying the bank’s customer service department or by visiting the nearest branch of Andhra Bank