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DCB Gold Loan Highlights |
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| Interest Rate | 9.55%-18.00% |
| Loan Amount | Rs 10,000-Rs 20 lakh |
| LTV Ratio | Up to 75% of gold’s market value |
| Tenure | 1-5 years |
| Collateral | Gold ornaments/specially minted coins issued by the bank |
| Repayment | EMI scheme/Bullet repayment scheme |
Rates as of 15th July 2024
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DCB Bank Gold Loan Interest Rates
| Loan Amount | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| Up to Rs 1 lakh | 14.00%-18.00% | 16.00%-18.00% |
| Above Rs 1 lakh to Rs 3 lakh | 12.00%-18.00% | 13.00%-18.00% |
| Above Rs 3 lakh to Rs 5 lakh | 9.55%-12.00% | 9.55%-12.00% |
| Above Rs 5 lakh to Rs 10 lakh | 9.55%-11.00% | 9.55%-11.00% |
| Above Rs 10 lakh | 9.55%-11.00% | 9.55%-11.00% |
Features of DCB Bank Gold Loan
Purpose
DCB Bank offers gold loans to meet the personal and business requirements of its applicants. The lender offers DCB Gold Loan against gold jewellery or specially minted gold coins issued by the bank.
Loan Amount
DCB Bank offers gold loans for a minimum loan amount of Rs 10,000 and a maximum loan amount of up to Rs 20 lakh.
LTV Ratio
The lender offers gold loan for up to 75% of the appraised gold value.
Repayment Options
DCB Bank Gold Loan can be repaid within 5 years of loan disbursal. The applicants can make repayments through the following two repayment options:
- EMI scheme where both the interest and principal components are repaid through equal monthly instalments
- Bullet repayment scheme where interest is serviced on a monthly basis and principal is repaid on maurity
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DCB Gold Loan Interest Rates
DCB Bank has not disclosed the interest rates offered to its gold loan applicants. However, the lender may consider the type of gold loan and nature of gold loan facility while setting its gold loan interest rates, just like many lenders do.
DCB Bank Gold Loan Fees and Charges
| Particulars | Charges |
| Processing Fees | Up to 2% of loan amount |
| Cheque bounce charges | Rs 750 |
| Late payment fee | 3% per month on amount overdue |
| Cheque swapping charges | Rs 500 |
| Foreclosure charges (applicable when facility is closed within 180 days from the account opening date) |
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DCB Gold Loan Eligibility Criteria
DCB Bank offers gold loan to applicants between the age of 18-70 years. While the lender has not disclosed the eligibility criteria of its gold loan applicants in detail, the lender may also consider the weight and purity of gold pledged by the applicant while evaluating the gold loan eligibility of its applicants, just like other lenders do.
Documents Required for Availing DCB Bank Gold Loan
DCB Bank has not specified the documents required for availing gold loan. However, the lender may consider the following gold loan documents while applying for DCB Bank Gold Loan.
- Completely filled application form with photographs
- Identity Proof- PAN card, Aadhaar card, Passport, Driving License, Voter ID
- Address Proof- Aadhaar card, PAN card, electricity bill, telephone bill, Voter ID, Passport
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