Kotak Mahindra Bank Gold Loan

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Kotak Mahindra Bank Gold Loan Key Features – Apply Now!

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

Advantages of Kotak Mahindra Bank Gold Loan:

  • Quick Processing: Kotak Mahindra Bank acclaim the loan hurriedly and smoothly. 60 minutes is the maximum time needed for the process.
  • Minimal Documentation: Fundamental procedure should be followed, that is; Only necessary documents should be brought to the bank.
  • Transparent System: The Kotak Mahindra Bank offers a very fair and direct system that involves no-undefined fees.
  • Loan Amount: The extent of loan given to the applicants in Kotak Mahindra Bank is Rs. 15000 that decreases to Rs. 10000 for the people belonging to rural zones.
  • Security of Jewelry: Kotak Mahindra Bank takes the guarantee for the gold assets lent by the borrowers. It should be protected from fire-catching vaults.
  • Loan Tenure: The residence of the gold loan in Kotak Mahindra Bank is from 3 months to 2 years. Choose according to your requirements.
  • Advantages for Farmers: Providing some unique advantages to the farmers can be of great help by Kotak Mahindra Bank.
  • No Debt Trouble: Debt allegations are not linked to the applicants who are not able to repay the amount.
  • No Income bounds: Income criteria do not define the structure for availing gold loan to the needful individuals in Kotak Mahindra Bank.

 

How Much Gold Loan can I Get through Kotak Mahindra Bank Gold Loan:

Kotak Mahindra Bank Gold Loan Per Gram – Updated September 2020

About Kotak Mahindra Bank Gold Loan:

Kotak Mahindra Bank is the most prestigious banking institution that provides loans to the requisite who need budgetary help and wants their gold to be safe and secure thus, the Kotak Mahindra Bank avails gold loan at cheap banking rate with a simple documentation process and high funding. It suffices with amazing offers and loans.

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

Types of Kotak Mahindra Bank Gold Loan:

  • Loan Against Gold –Kotak Mahindra Bank dispenses loans to individuals at an affordable rate of interest related to other types of loan availability. Gold Loan is a trusted loan, it provides loans at the merest interest rate and thusly, the Kotak Mahindra bank is lending a huge sum to the borrowers without a worry.
  • Loan Against Gold for Agriculture – Kotak Mahindra Bank comes up with various plans for the gardeners. They present them the loan at a low-cost of interest unlike other loans used for different possibilities. The bank needs land evidence for the same.

Kotak Mahindra 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 Kotak Mahindra Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are currently an account holder with Kotak Mahindra Bank, then Standing Instruction is a suitable idea of reimbursement. Your EMI amount is credited towards the end of the month to month quantity from the Kotak Mahindra Bank account.
  • Electronic Clearing Service (ECS): This event is performed when you have a non-Kotak Mahindra Bank record and probably need your EMIs to be debited in the month lasting period from the recent record.
  • Post-Dated Checks (PDC): You can show your post-dated EMI reports from a non-Kotak Mahindra Bank statement at your nearest Kotak Mahindra Bank loan Center. An advanced PDCs should be presented instantly.

The Kotak Mahindra Bank Gold Loan Contact Number:

Dial 9878981144 to learn more about Kotak Mahindra Bank Gold Loan features, best deals, and offers available in every branch of Kotak Mahindra Bank in the whole nation.

Gold Ornaments Accepted by Kotak MahindraBank :

  • Gold Jewelry-  Kotak Mahindra Bank accepts gold as in, Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of these ornaments.
  • Quality- The qualitative value of gold should lie between 18-22 carats.

 

Use of Kotak Mahindra Bank Gold Loan:

  • Fulfill personal as well as professional requirements like education expense, travel expense, housing, hiking, etc.
  • Fulfill marketing needs and deals and by purchasing original stock, publicizing the market.
  • Green producers need loan for fulfilling their basic needs along with the agricultural-related practices.

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 Kotak Mahindra Bank Gold Loan:

  • What is Kotak Mahindra Bank Gold Loan?

The Kotak Mahindra Bank Gold Loan introduces a loaning facility where an individual is given funds in exchange for the gold so that applicants can fulfill their short=term and long-term needs.

  • How can I get the Gold Loan from Kotak Mahindra Bank?

You can get the Kotak Mahindra Bank Gold Loan by visiting any of the gold loan approving branches in India; otherwise, you can apply online with lendingwale from your home.

  • What is the Gold Loan Interest Rate in Kotak Mahindra Bank?

The Gold Loan rate in Kotak Mahindra Bank is 7.11% per annum.

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

The per gram Gold Loan in Kotak Mahindra Bank is ₹ 5,032 Per Gram.

  • How to check Gold Loan status in Kotak Mahindra Bank?

Verify about the gold loan status in Kotak Mahindra Bank by visiting the Kotak Mahindra Bank loan status tracker web page and fill in your details within the application given and stay tuned.

  • How to calculate Gold Loan Interest in Kotak Mahindra Bank?

Calculations of gold loan interest in Kotak Mahindra Bank can be concluded using the EMI calculator.

  • How to Pay Kotak Mahindra Bank Gold Loan Interest Online?

Net Banking is a new method of payment. Any applicant can pay the interest on the Kotak Mahindra bank via net banking or else you can definitely use Paytm or any of your most preferred methods.

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

On request for the contribution of the customer in the repayment process, still, it is not done then thee Kotak Mahindra Bank has full authority to put legal charges against the client and confiscate their gold assets.

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

You can inquire for EMI Moratorium on Kotak Mahindra Bank Gold Loan now between the 1st March and 31st August 2020 and perform it by contacting the Bank customer care or visiting the nearest Kotak Mahindra bank office.