Indian Bank Gold Loan

Indian Bank Gold Loan Highlights
Interest Rate	Jewel Loan (Non-priority): 8.75% – 10.00% p.a. OD against Gold Jewels: 9.65% to 10.65% p.a. Loan against Sovereign Gold Bond: 9.05% to 9.90% p.a.
Repayment Tenure	For Indian Bank Jewel Loans: Bullet Repayment: Up to 1 year Monthly Repayment: Up to 35 months For Indian Bank OD Against Gold Jewels: 1 year (renewable)
Loan Amount	For Indian Bank Jewel Loans: Bullet Repayment: Up to Rs 35 Lakh Monthly Repayment: No limit on the maximum loan amount For Indian Bank OD Against Gold Jewels: Minimum: Rs 25,000 Minimum: Rs 10 Lakh
LTV Ratio	Up to 70% of market value of jewels pledged or the advance value of jewels per gram, whichever is lower
Processing Fees	Nil
Security	Pledge of Jewels

Note: Last Updated on 13 March 2025

Indian Bank Gold Loan Fees & Charges

Processing Fees

Particulars	Charges
Processing Fees	Nil

Other Charges

Particulars	Charges
Appraiser fee	To be borne by the applicant

Types of Gold Loans from Indian Bank

Indian Bank Jewel Loan

Purpose

Indian Bank Jewel Loan allows individuals to use the fund proceeds to meet the expenses from their personal activities, except for speculative purposes. Jewel loan offered by Indian bank can be used to fulfil domestic needs, meet medical expenses, family consumption and meet any bankable activity.

Loan Tenure

The repayment tenure of Indian Bank Jewel Loan is up to 1 year under bullet repayment method and up to 35 months under monthly repayment method.

LTV ratio

The LTV ratio for Indian Bank Jewel Loan is up to 70% of market value of jewels pledged or the advance value of jewels per gram, whichever is lower.

Indian Bank OD Against Gold Jewels

Purpose

Indian Bank OD Against Gold Jewels is an overdraft facility offered against gold jewellery. This facility can be used by individuals to meet their various personal requirements except speculative purposes.

Loan Tenure

Indian Bank OD Against Gold Jewels has assigned the overdraft facility for 1 year. The bank will renew this facility with the OD limit re-evaluated based on the market value of the gold jewels pledged as security and the LTV ratio set for the loan applicant.

LTV ratio

The LTV ratio for Indian Bank OD Against Gold Jewels is up to 70% of market value of jewels pledged or the advance value of jewels per gram, whichever is lower.

Other Features of Indian Bank Gold Loan

Loan Amount

Indian Bank offers gold loans for loan amounts of up to Rs 35 Lakh under the bullet repayment method. However, there is no limit on the maximum loan amount under the monthly repayment method. For OD against Gold Jewels, the loan amount ranges between Rs 25,000 and Rs 10 Lakh.

Tenure

The loan tenure offered by Indian Bank Jewel Loan is up to 1 year under the bullet repayment method and up to 35 months under the monthly repayment method. For Indian Bank OD Against Gold Jewels, the tenure is for 1 year (renewable).

Repayment

Applicants of Indian Bank Jewel Loan have the following choices of loan repayment:

• Bullet repayment method: Loan applicants have to repay the entire loan amount at the end of the repayment period along with the interest amount.
• Monthly instalment method: Loan applicants have to repay the loan amount in monthly instalments including interest.

Applicants of Indian Bank OD Against Gold Jewels are offered an overdraft limit. They can withdraw from the sanctioned overdraft limit as per their requirements and make repayments as per their financial position.

Eligibility Criteria for availing Indian Bank Gold Loan

The eligibility criteria for availing gold loans from Indian Bank are as follows:

• Minimum age: 21 years
• Maximum Age: 70 years (for jewel loans – non priority)

Indian Bank Gold Loan Documents Required

Prospective borrowers should furnish the below-mentioned documents for availing Indian Bank Gold Loans:

• Identity Proof
• Residential Proof
• Application form duly filled by the gold loan applicant