Karur Vyasa Bank Gold Loan

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Karur Vyasa Bank Gold Loan Key Features – Apply Now!

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

About Karur Vyasa bank gold loan:

Karur vyasa bank gold loan helps customers meet their various monetary requirements like medical emergency, debt consolidation, etc. Furthermore, The Bank is committed to easy documentation as well as fast allotment helping customers to avail a lot of services making their life easier by being better at finance management.
Also, anyone looking for fast and straightforward disposal of Gold Loan may apply with karur vyasa Bank by checking in all the documentation and suitable requirements.

Why opt for Karur Vyasa bank gold loan?

Uniquely, karur vyasa Bank grants you Gold Loan starting at Rs.10000 to Rs.15 lacs depending on the client’s financial power, cibil score, and professional background.
Furthermore, customers can benefit the Gold Loan without much tension, and they can have their request permitted inside four working hours.
Also, no Guarantor or Cosigner is required to avail the Loan.

Eligibility Criteria for Karur Vyasa Bank Gold Loan:

Salaried

  1. Profession: The person should be working in a government, private or MNC Company.
  2. Eligible Age: The Minimum age to apply for a Personal Loan is 23 years.

Self-Employed

  1. Eligible Age: The Minimum age to apply for a Personal Loan is 19 years.
  2. Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.
  3. The borrower must possess an updated Aadhaar ID.
  4. The customer should hold an active bank account that has an internet banking facility.

Gold loan Interest rate:

Interest rates start from 7.11 – 16%

Documents Required for Karur Vyasa Bank Gold Loan:

Salaried

  1. Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
  2. Address proof: Ration card, Passport, rent agreement, electricity/water bill.
  3. Last six months Bank statement & 3 months’ salary slip

Self-Employed

  1. Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
  2. Address proof: Ration card, Passport, rent agreement, electricity/water bill.
  3. Equally, important are last six months Bank statements.
  4. Likewise, Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.

About Karur Vyasa bank:

Karur Vysya Bank is an Indian bank which has completed 100 years and is one of the front running banks in India, located in Karur in Tamil Nadu. It was established in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily functions in treasury, corporate/wholesale banking and retail banking areas. KVB gives services such as individual, company, agricultural banking and services to NRIs and MSME. Under personal banking, the bank also helps in  housing loan, personal loan; insurance; and fixed deposits among others. Under corporate banking, KVB pledges services like corporate loans; demat account, multicity current account and general insurance among others. Schemes pledged by KVB under agricultural banking are Green Harvester, Green Trac and KVB Happy Kisan among others.

FAQs (Frequently Asked Questions)

  1. Why should I take a gold loan from karur vyasa Bank?
    Ans. Karur vyasa bank gold loan per gram allows you to know an estimate of the amount of Loan you can get in exchange for your gold jewelry. Moreover Credit is provided based on the purity of gold and the price of your jewelry adjusted for Loan to value the ratio.
  2.  What interest is charged?
    Ans. 7.11% is the minimum interest rate charged by the Bank.
  3.  What is the tenure?
  4. Ans: The tenure of Gold Loan is 3-12 months.
  5. What amount Gold Loan amount I can borrow?
    Ans: Comaparatively, The applicant can get a loan amount of Rs. 10 thousand-2 lacs at maximum for three year.
  6. How much is the processing fee?
    Ans: The processing fee charged is 1% for gst.
  7. Is age an eligibility criterion in getting a Gold loan?
    Ans: Yes, age is a factor to apply for a Gold loan. The minimum age of the applicant should be 18years.
  8. Do prepayment charges on a Gold loan from karur vyasa Bank apply?
    Ans: The pre-closure charges are 0.

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