✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Check Eligibility

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.

Interest Rates and Charges

Check out the following table to know more about the IDBI Bank Gold Loan interest rate:

Interest Rate

9%

Processing Fee

1%

*Disclaimer: The aforementioned charges are subject to change at the lender’s discretion.

Features and Benefits

Here are some attractive benefits associated with the IDBI Bank Gold Loan:

Loan Amount

Take a loan ranging from ₹10,000 to ₹50 Lakhs

Affordable Interest Rates

Get the funds at competitive rates, starting from just 9% p.a.

Flexible Repayment Tenure

Repay the loan amount conveniently over a tenure of 3-36 months

Convenient Application Process

Get the required funds hassle-free through both online and offline modes

Documents Required

Submit the following documents to the bank once you meet the eligibility parameters.

 

Identity Proof: (Any one of the following)

  • Voter ID

  • PAN Card

  • Passport

  • Driving Licence

 

Address Proof: (Any one of the following)

  • Passport

  • Utility Bill

  • Ration card

  • Driving Licence

  • Credit Card Bill

 

Income Proof:

  • Bank Statement for the last 12 months 

  • Income Tax Returns (ITR) for last year, along with income computation

 

Business/Office Proof: (Any one of the following)

  • Electricity Bill

  • Telephone Bill

  • Lease Deed

  • Shops and Establishments

  • Sales Tax Certificate

 

Professional Proof:

  • Mandatory for self-employed professionals

 

Other Documents:

  • Proforma Invoice

  • Photo

  • Loan account statements

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How to Apply

Follow these simple steps to apply for a gold loan from IDBI Bank:

  1. Go to the official website of IDBI Bank

  2. On the main tab, click on the ‘AGRI’ section

  3. Click on ‘Loans’ and choose the ‘Gold Loan Scheme’ option

  4. Click on ‘Download’

  5. Fill the form with necessary details

  6. Submit the form

 

A bank representative will contact you for further steps.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. 

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the IDBI Bank Gold Loan

Can I apply for a gold loan from IDBI Bank?

Yes, you can get an IDBI Bank Gold Loan by pledging your gold valuables as collateral. You can borrow an amount ranging from ₹10,000 to ₹50 Lakhs and repay the amount by choosing a convenient tenure.

Is my mortgaged gold safe with IDBI Bank?

Yes, the gold assets that you have pledged against the loan amount remain safe with the bank. Once you repay the borrowed funds, the bank will return the gold to you.

What are the interest rates for a gold loan from IDBI Bank?

The IDBI Bank Gold Loan interest rate starts at just 9% per annum. However, the rate you get varies according to your profile as a borrower and other factors. You can check out the latest rates from the lender’s website before applying for the loan.

What is the maximum repayment period for a gold loan from IDBI Bank?

IDBI Bank offers you the flexibility to repay the loan amount conveniently over a tenure of 36 months.

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