Corporation Bank Gold Loan

Corporation Bank Gold Loan Key Features – Apply Now!

Advantages of Corporation Bank Gold Loan

• Fast Procedure: You can now easily take the loan without any hurdles. The Bank approved the loan in just an hour.
• Fewer Documents: The documentation process is fast, and they need minimum documents.
• Transparent System: there are no hidden charges in Corporation Bank, and they offer clear transparency to their clients.
• Amount of Loan: The minimum amount that Corporation Bank can provide to their client is Rs. 15,000. And for rural areas, it is less than Rs. 10,000
• Protection of Jewellery: Corporation Bank takes complete accountability for the protection of your gold. Afterwards, they keep the client’s gold ornaments in fire-proof safety.
• Loan Tenure: The time-period for the Gold loan can be from 3 months to 2 years.
• Profits for Ranchers: Corporation Bank offers a minimum Gold Loan interest rate for agronomic purposes. The Bank also offers different deals to farmers.
• No Debt Issue: There can be a point of time in which the applicant is not able to repay the amount of loan, in that case, the applicant will not be under any debts as the Bank will only seize the applicant’s ornaments.
• No Income borders: There are no restrictions on the salary or income of the applicant. Anyone with any salary margin can apply for a gold loan in the Corporation Bank.

How Much Gold Loan can I Get through Corporation Bank Gold Loan?

Corporation Bank Gold Loan Per Gram – Updated September 2020

Corporation Bank Gold Loan Eligibility

Corporation Bank Gold Loan Documents Required

Corporation Bank Gold Loan Interest Rate, Fees and Charges

About Corporation Bank Gold Loan

Life is full of worries and fears, and for that, you may need cash to fight with financial problems in your life.

In that case, you can get a Gold Loan from Corporation Bank to fight with the economic emergency. After that, the people with reduced CIBIL score can also apply for these services. Though there is a lot of economic Banking and non-Banking organizations that can provide you with the gold loan, Corporation Bank came into existence in 1906. Even the transactions are very safe.

• Corporation Bank Gold Loan Interest Rate is 7.11% per annum.
• Corporation Bank Gold Loan Per Gram is ₹ 5,032
• Corporation Bank Gold Loan Tenure: Up to 24 months
• Corporation Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST.

Types of Corporation Bank Gold Loan

Corporation Bank provides some plans allied to the Gold Loan item which are listed below:

• Loan Against Gold – The gold credit is made sure about the type of loans, and then, the bank has no problem in giving the loan to the applicant, so it is given at a slower step of best when associated with different types of Loan items.
• Loan Against Gold for the Farming industry – Corporation Bank gives multiple offers with less interest rate to farmers for the agricultural purposes and for that farmers need to give land proof as evidence to the bank.

Corporation Bank Gold Loan EMI Calculator

How to Pay Your Corporation Bank Gold Loan EMI?

• Standing Instruction (SI): If you are recently an account holder with Corporation Bank, Standing Instruction is an extremely dependable procedure to pay. Your EMI entirety will be credited automatically on the way to the month’s to month time frame from Corporation Bank account you show.
• Electronic Clearing Service (ECS): This program can be useful for those who have a non – Corporation Bank and may need their EMIs to be charged hence close to the highest limit of the month to month cycle from this record.
• Post-Dated Checks (PDC): You can present post-dated EMI enquires from a non-Corporation Bank account at your nearest Corporation Bank Loan Centre. Another method of PDCs should be accessible in an accurate way. It will be great in the manifestation if you note Post Dated Checks will be collected non-ECS states usually speaking.

Corporation Bank Gold Loan Contact Number

Call 9878981144 And get immediate help, and you can get an instant approval for your Corporation Bank Gold Loan. You can now know the premium deals and offers on Gold Loan obtainable from all Corporation Bank Branches in all over the country, according to your needs.

Gold Ornaments Accepted by Corporation Bank

• Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are allowed by Corporation Bank for a Gold Loan.
• Quality – The purity of gold jewellery must be in between of 18 Carat to 22 Carat. Any gold ornament, which is of 24 Carat, can’t be used to take a gold loan.

Use of Corporation Bank Gold Loan

The assets stable by availing Corporation Bank Gold Loan service which can be used for purposes like:

• To invest in any exact hoards like marriage, climbing, instalment of higher education fee, etc.
• For all the marketing purposes, such as buying new supplies, developing marketing, etc., loan services are available.
• People can also apply for Gold Loan for farming ideas. The Bank provides minimum charges of interest for Gold Loans that are used for farming or related plans.

Gold Loan Interest Rate of Major Banks

FAQs About Corporation Bank

• What is Corporation Bank Gold Loan?

In Corporation Bank, you can easily apply for urgent financial help by keeping your gold safe, and the best part in the Corporation Bank is that the payment time for gold loan in this bank is less than 60 minutes.

• How can I get the Gold Loan from Corporation Bank?

You can effortlessly get the gold loan by visiting the nearest branch of Corporation bank, or you can apply online with LendingWale from anywhere in the country.

• What is Gold Loan Interest Rate in Corporation Bank?

The Interest Rate for Gold Loan in Corporation Bank is 7.11% per annum.

• How much Gold Loan can I get per gram in Corporation Bank?

You can get up to Rs. 5,032 per gram in Corporation bank and the purity of candidate’s gold should be 18 to 22 carats

• How to check Gold Loan status in Corporation Bank?

To check the gold loan status, you can visit the web page of Corporation Bank Gold Loan status Tracker and see all the updates there.

• How to calculate Gold Loan Interest in Corporation Bank?

You can calculate the Gold Loan interest rate of Corporation Bank by using LendingWale EMI Calculator.

• How to Pay Corporation Bank Gold Loan Interest Online?

You Can pay the Corporation Bank loan interest through net banking by using the official webpage of Corporation Bank, and you can also pay the interest by using Paytm.

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

If you do not pay the interest for three months, then you can face the trouble from the Bank. First, they will send you the legal notice to remind you to clear all the due payments, and if you ignore the notice then the Bank will seize your ornaments, and it will also lead to declining of your credit score. After that, you will be completely responsible for legal actions.

• How can I apply for EMI Moratorium on Corporation Bank Gold Loan?

You can apply now for an EMI Moratorium on Corporation Bank Gold Loan between 1st March and 31st August 2020, and it can only be done by visiting the nearest branch of Corporation Bank.