Please Note: Federal Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Federal Bank is one of the leading private sector banks in India offering gold loan at competitive interest rates and with minimal documentation. You can take a gold loan from Federal Bank to meet an urgent need for cash by pledging your gold ornaments as collateral with the bank. Read more to know about Federal Bank Gold Loan Interest Rate, Schemes, Eligibility and Repayment in detail.
Key Highlights of Federal Bank Gold Loan
|Minimum Loan Amount||Rs.1,000|
|Maximum Loan Amount||Rs. 1.5 crore|
|Rate per Gram||Maximum amount per gram is up to 85% of the gold price|
|Gold Loan Schemes||3 schemes (Digi gold, General Gold Loan, Kisan Gold Scheme)|
|Federal Bank Gold Loan Interest Rate||8.50% onwards|
|Repayment Options||Lumpsum, EMI|
|Gold Items accepted||Gold ornaments verified for quality and quantity (Security for the loan will be pledged against 22 karat gold ornaments)|
|Tenure||Minimum 6 months|
|Processing Fee||Varies from one scheme to another|