Federal Bank Gold Loan

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Federal Bank Gold Loan Key Features – Apply Now!

Federal Bank Gold Loan Interest Rate 7.11% per annum
Federal Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,032
Federal Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Federal Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Federal Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Federal Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Federal Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Federal Bank Gold Loan:

  • Quick Processing: The approval and disbursal methodology of the Federal Bank Gold Loan is speedy and straightforward. The Loan gets usually passed in an associate hour.
  • Low-Interest Rate: The gold loan charge per unit is far lower as compared to alternative loans because it could be a secured loan.
  • Minimal Documentation: The documentation method is straightforward and straightforward; the smallest amount range of documents area unit needed for approval of the Federal Bank gold loan.
  • Transparent System: We apply no hidden charges on the Loan. The bank aims to stay totally clear to you.
  • Loan Amount: The minimum quantity of Loan obtainable to customers is Rs. 15000. Many times, it is often but Rs ten thousand in remote areas.
  • Security of Jewelry: We area unit is accountable for the safety of your gold. Thus, the gold is unbroken during a fire-retardant vault.
  • Loan Tenure: The loan tenure of the gold loan will vary from three months to two years. you’ll be able to decide tenure in keeping with your comfort.
  • Advantages for Farmers: Federal Bank provides some special offers for agricultural functions. That indicates the bank offers the farmers a rather lower Gold loan charge per unit for agricultural usage.
  • No Debt Trouble: Sometimes there will arise things within which associate human is unable to pay back the loan quantity, in such a case the human won’t be beneath debts because the bank can confiscate the ornaments unbroken by you.
  • No financial gain bounds: There aren’t any such limitations concerning the wage or financial gain of the lender; so, anyone with any financial gain varies will avail of a gold loan anytime.

 

How Much Gold Loan can I Get through Federal Bank Gold Loan:

Federal Bank 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

Federal Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Federal 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)

Federal 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 Federal Bank Gold Loan:

If you’re suffering monetary issues, defeat your crises with the foremost affordable choice, Gold Loan. The Loan that’s provided towards gold is remarked as Gold Loan. The recipient keeps his gold ornaments as collateral with the investor and takes the money. Get immediate approval and a hassle-free method. obtainable on straightforward documentation. A gold loan could be a secured loan. Therefore, the one who contains a low CIBIL rating can also simply avail of this service. Federal Bank Gold Loan is one among the most effective gold loan offerings in India.

Though there area unit a spread of economic banking and non-banking businesses that offer you with a gold loan service, however, Federal Bank Gold Loan is taken into thought the foremost. it’s one among the highest acknowledged and dependable banks in India. Also, it’s celebrated for its wonderful economic services. So, apply for the Federal Bank Gold Loan and avail the most effective offers on your product.

  • Federal Bank Gold Loan Interest Rate is 7.10% per annum
  • Federal Bank Gold Loan Per Gram is ₹ 5,255
  • Federal Bank Gold Loan Tenure: Up to 24 months
  • Federal Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Federal Bank Gold Loan:

Federal Bank offers you varied schemes associated with the Gold Loan product that area unit listed below:

  • Loan Against Gold – Federal Bank provides Gold Loan at partaking rates of interest to satisfy anyone’s dire necessity of funds for any purpose whether or not or not personal or skilled. The gold loan so is secured then. The bank has no risk in granting the quantity to the individual, thus it’s provided at a lower rate of interest compared to varied styles of Loan merchandise.
  • Loan Against Gold for Agriculture – Federal Bank provides Gold Loans specifically for agriculture functions to farmers at a particular rate of interest as compared to gold loans given for alternative numerous uses. they’re given special offers which they got to end up the bank Land proofs that they’re taking the Loan.

Federal 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 Federal Bank Gold Loan EMI?

Your Federal Bank gold loan is typically reimbursed within the subsequent 3 various methods:

  • Standing Instruction (SI): Standing Instruction is that the best associated most reliable methodology of payment if you’re presently an account holder with Federal Bank. Your EMI quantity is attributable mechanically towards the top of the month to month amount from the Federal checking account you show.
  • Electronic Clearing Service (ECS): This payment methodology is usually typical sometimes, enforced if you have got a non-Federal Bank record and would possibly wish your EMIs to be debited consequently on the subject of the decline of the month to month method from the account you mention to us.
  • Post-Dated Checks (PDC):  You’ll be able to reveal your post-dated EMI reports from a non-Federal Bank budget at your nearest Federal loan Center. a special version of PDCs ought to be granted quickly. Please note Post Dated Checks area unit planning to be collected non-ECS states as a result of it absolutely was.

Federal Bank Gold Loan Contact Number:

Call 9878981144 and acquire immediate facilitate and approval for your Federal Bank Gold Loan. you’ll be able to quickly get to grasp the foremost compelling offers on Gold Loan out there from all the Federal Bank Branches throughout the country to avail the foremost economical deal applicable to your desires.

 

Gold Ornaments Accepted by Federal Bank:

  • Gold jewellery, for instance, Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of these ornaments are collected by Federal Bank for availing a Gold Loan.
  • Quality: The quality of gold has to be between 18 Carat to 22 Carat. Any gold ornament that is 24 Carat cannot be used when applying for a gold loan.

 

Use of Federal Bank Gold Loan:

The funds collected by availing the Federal Bank Gold Loan service is also used for many functions such as:

  • To finance any specific investments like matrimony, hiking, instalment of upper tuition payments, etc.
  • For all of your promoting necessities, like obtaining provides, developing, promoting, etc., loan service is usually obtainable.
  • You can add what is more avail of a Gold Loan for agriculture ideas. The bank presents lower costs of interest for Gold Loans that area unit used for farming or connected comes.

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 Federal Bank Gold Loan:

  • What is Federal Bank Gold Loan?

Federal Bank Gold Loan could be a style of loan that you simply will simply avail for immediate monetary facilitate by holding your gold as parallel with full security to the bank. It additionally comes with partaking interest rates on Term Loan, Overdraft, and EMI primarily based on the loan. the common Gold Loan disbursal time is simply 45 minutes.

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

You can get a Federal Bank Gold Loan by visiting any of the gold loan approving branches in India; otherwise, you’ll be able to apply on-line with LendingWale from the convenience of your home and make the most effective deals and offers. it’s one in all the few best banks in India that has Gold Loan services.

  • What is the Gold Loan Interest Rate in Federal Bank?

The Gold Loan rate is 7.10% per annum. The charge per unit depends upon a range of elements, namely: loan quantity, loan tenure, purity of gold, and relationship with the bank.

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

The per gram Gold Loan in Federal Bank that you simply can get depends on the purity of your gold. Federal Bank accepts gold of purity between 18 carats to 22 carats to deliver a Gold Loan. you will be ready to avail up to ₹ 5,255 Per Gram in Federal Bank Gold Loan.

  • How to check Gold Loan status in Federal Bank?

To determine your Federal Bank Gold Loan standing, all you have got to try to do is visit the Federal loan standing huntsman website and fill in your details among the appliance given. you will be ready to directly track the standing of your loan from anywhere and keep updated.

  • How to calculate Gold Loan Interest in Federal Bank?

You can calculate the interest on your Federal Bank Gold Loan interest exploitation the LendingWale’s EMI Calculator that provides you precise amounts supported the information you enter into the calculator.

  • How to Pay Federal Bank Gold Loan Interest Online?

You can quickly pay Federal Bank Gold Loan interest online through net banking on the official Federal loan compensation web site or else; you’ll be able to likewise repay your Federal Bank Gold Loan on Paytm applying your most opted payment methodology.

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

If you’re not paying your Federal Bank Gold Loan among 3 months, the bank can initial inform you of your incomplete dues. If the payment requests go unhearable, proper legal notice is distributed regarding the compensation and closure of the loan. Defaulting on your Gold Loan ends up in a decrease of your credit score and jointly causes you to be at risk of face legal actions by the bank along with the arrogation and auction of your gold.

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

You can attractiveness for EMI Moratorium on Federal Bank Gold Loan presently between the 1st March and 31st August 2020 and possesses to be done by contacting the Bank client care or visiting the closest  Federal Bank branch.