Indian Bank Gold Loan Interest Rate

Given below are the gold loan interest rates from top banks/NBFCs in India compared to Indian Bank Gold Loan interest rates to help you make an informed decision.

Lender	Gold Loan Interest Rate	Loan Amount
Indian Bank	7.00% onwards	Based on Jewel Valuation
Axis Bank	12.50% onwards	Rs. 25,001 to Rs. 25 Lakh
SBI	7.50% onwards	Rs. 20,000 to Rs. 50 Lakh
Muthoot Finance	11.90% onwards	Rs. 1,500 to Unlimited
ICICI Bank	11.00% onwards	Rs. 10,000 to Rs. 1 crore
HDFC Bank	9.90% onwards	Rs. 25,000 to Unlimited
Federal Bank	8.50% onwards	Rs.1,000 to Rs.1.5 crore

Note: The above mentioned fees and charges may change and shall depend on the sole discretion of bank and RBI, GST and service tax are not added in the mentioned charges and will be levied extra by the bank.

With the use of our EMI Calculator, you will get to know the EMI amount you are required to pay if you opt for Indian Bank Gold Loan or a gold loan from any other provider. To calculate your EMI amount follow the below listed steps-

Step 1- Click here to visit the Gold Loan EMI Calculator page.

Step 2- You will be asked to enter the loan amount, interest rate and tenure

After entering the details, the EMI amount will be displayed on the right side of the screen. 

The online calculator helps you find out how much EMI you would need to pay for the borrowed loan amount. You can also try out different options to find the Gold Loan that is best suited for you.

Eligibility Criteria- Any individual farmer who has gold jewellery to pledge as collateral can apply for Indian Bank Agri Gold Loan.

Documents Required- The following documents are required to be submitted-

• Duly filled in application form
• Proof of agriculture land in the name of the applicant and proof for cultivating the crop
• Identity proof- Voter ID card / PAN card / Passport / Aadhaar card / Driving License etc
• Address proof- Voter ID card / Passport / Aadhaar card / Driving license etc

Steps to apply for Indian Bank Gold Loan Online-

Step 1- Click here to visit the online application page.

Step 2- Select Yes if you are an existing customer, otherwise select No.

Step 3- Enter your name and mobile number and enter the captcha.

Step 4- Enter the OTP received.

Step 5- After successful completion, a bank executive will call you and guide you through the process and you will be required to submit the acceptable KYC documents as asked.

Steps to apply for Indian Bank Gold Loan Offline-

Step 1- Visit any Indian Bank branch office with your pledged gold.

Step 2- The staff over there will evaluate the gold.

Step 3- On the basis of purity of gold in ornaments, your loan amount will be sanctioned.

How to contact Indian Bank Customer Care?

In case of any query regarding Agriculture gold loan offered by Indian bank, connect with their toll-free customer care support- 1800-425-0000 or 1800-425-4422.

Who can apply for the loan?

All individual farmers are eligible to apply for the loan.

What are the main features of the Agricultural Jewel Loan Scheme?

• No hidden charges
• Low interest rates
• The repayment schedule is convenient
• The loan process is easy and hassle-free

Is it possible to get a lower interest rate on this loan?

Yes, existing customers can negotiate interest rates with the bank, availing an opportunity to lower rates.