IDBI Bank Gold Loan

With an IDBI Bank Gold Loan, you can get an amount ranging from ₹10,000 to ₹50 Lakhs. You can repay the borrowed amount within a flexible tenure of 36 months.

To apply for a gold loan from IDBI Bank, you need to submit the following documents:

 

1. Identity Proof (Any One)

• Aadhaar Card
  
• PAN Card
  
• Passport
  
• Voter ID
  
• Driving License

 

2. Address Proof (Any One)

• Aadhaar Card
  
• Voter ID
  
• Utility Bill (Electricity/Water/LPG – not older than 3 months)
  
• Bank Statement with Address

 

3. Gold Ownership Proof (If Required)

• Invoice/Bill of Purchased Gold (if applicable)

 

4. Income Proof (For Higher Loan Amounts Only)

• Salary Slip (Last 3 months)
  
• Bank Statement (Last 6 months)
  
• ITR (For self-employed applicants)

 

5. Passport-Size Photographs

• 2 recent passport-sized photos

Applying for an IDBI Bank Gold Loan is a simple process. Follow these steps to get quick approval:

 

Step 1: Visit the Official IDBI Bank Website

• Open your browser and go to IDBI Bank’s official website.
• Ensure you are on the correct site to avoid fraud.

 

Step 2: Navigate to the AGRI Section

• On the main navigation bar, find and click on the ‘AGRI’ section.
• This section contains all loan schemes related to agriculture and gold loans.

 

Step 3: Select the ‘Gold Loan Scheme’ Option

• Under the ‘Loans’ category, look for ‘Gold Loan Scheme’ and click on it.
• This page provides details about the loan, eligibility, and interest rates.

 

Step 4: Download the Gold Loan Application Form

• Scroll down and click on ‘Download’ to get the gold loan application form.
• The form is available in PDF format for easy access.

 

Step 5: Fill Out the Application Form

• Enter the required details, such as:
  
  1) Personal Information (Name, Address, Contact Details)
  2) Gold Details (Purity, Weight, Ownership Proof)
  3) Loan Amount Required
• Double-check your details to avoid errors.

 

Step 6: Submit the Application

• Visit the nearest IDBI Bank branch and submit your filled application form.
• Carry the required documents (Aadhaar, PAN, Address Proof, and Gold).

 

Step 7: Verification & Loan Approval

• A bank representative will verify your gold and documents.
• Based on the gold’s purity and weight, the loan amount will be sanctioned.
• If approved, the loan amount will be disbursed within 24 hours.