Indian Bank Gold Loan

Following are the unique features of Indian Bank Gold Loan-

• Simple and hassle-free disbursement of loan
• Convenient and flexible repayment schedules
• Low interest rates
• No hidden charges
• Low processing charges (Maximum: 0.30%)

You can use an EMI Calculator to know the EMI amount you are required to pay against your Indian Bank gold loan. To calculate your EMI amount follow the below mentioned steps-

Step 1- Click here to visit Paisabazaar’s Gold Loan EMI Calculator page.

Step 2- 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. 

With the help of the online gold loan calculator, you can find out how much EMI you would need to pay for the borrowed loan amount. Moreover, you can also try out different options to find the gold loan scheme best suited for you.

Following are the details of the processing fee levied against the loan amount-

Eligibility Criteria- Any individual farmer can avail Indian Bank Gold Loan.

Documents Required- The following documents are required to be submitted at the time of application:

• Duly filled 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 Indian Bank gold loan online application page.

Step 2- Select ‘Yes’ if you are an existing customer, otherwise click on ‘No’.

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

Step 4- Enter the OTP received on your mobile number.

Step 5- After completion, an executive from the bank will call you and guide you through the process. You will be required to submit the acceptable KYC documents.

After this, a time and date will be set for a branch visit where you have to go with your gold article. Gold will get appraised and valued on the basis of which your loan will be sanctioned.

Steps to apply for Indian Bank Gold Loan Offline-

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

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

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

Refer to the table given below and compare gold loan interest rates from different lenders. 

Who is eligible to apply for Indian Bank gold loan?

All individual farmers are eligible to apply for the loan.

How can I 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.

How can the pledged gold against the loan be reclaimed?

Plan your loan repayment efficiently and ensure you do not default on your payment. Failure to repay the loan in the stipulated time may result in auctioning of your gold ornaments. The pledged gold can be collected from the branch where it was initially pledged and stored.

Can I repay the loan partially?

The amount can be repaid partially at any point in time. However, your deposited gold will only be returned once the entire loan amount has been repaid.