IndusInd Bank Gold Loan

IndusInd Bank Gold Loan Highlights
Interest Rate	Not mentioned
Loan Amount	Up to Rs 20 lakh
Tenure	3 months to 12 months
Processing Fees	Up to 1% of loan amount
Collateral	Gold ornaments or Gold coins (50 grams per customer)
Repayment	·         Monthly Interest Option ·         EMI Option

Rates as of 10 February 2025

IndusInd Bank Gold Loan Interest Rate

IndusInd Bank has not disclosed its gold loan interest rates. However, the lender has mentioned the interest rates of gold loan sanctioned during the Third Quarter of Financial Year 2025, which may give a fair idea of the gold loan rates sanctioned by the lender.

Minimum Interest Rate	10.55% p.a.
Maximum Interest Rate	15.50% p.a.
Average	11.96% p.a.

IndusInd Bank Gold Loan Fees and Charges

Particulars	Charges
Processing Fees	Up to 1% of loan amount
Penal Interest	24% p.a. over and above the applicable ROI
Renewal Processing Fee	Up to 1% of loan amount
Valuation Fee	·         For loan up to Rs 2 lakh- Rs 500 ·         For loan above Rs 2 lakh- Rs 750
Stamp duty and other statutory charges	As per applicable laws of the state

Repayment Options for IndusInd Bank Gold Loan

IndusInd Bank offers two repayments options to its gold loan applicants. First is the monthly interest payment option wherein the interest is serviced on a monthly basis and the principal is repaid on the maturity date. The second is the EMI option wherein both the interest and principal components are repaid through equal monthly instalments.

IndusInd Bank Gold Loan Eligibility Criteria

Below-mentioned gold loan eligibility criteria set by IndusInd Bank for its gold loan applicants:

• Age: For Individual borrowers- Minimum 18 years and maximum 70 years; For Non-individuals borrowers- minimum 3 years
• Disbursal mode- Cash, NEFT, RTGS, pay order
• No income proof required for loan up to Rs 15 lakh

Documents Required for Availing IndusInd Bank Gold Loan

IndusInd Bank gold loan applicants are required to submit the following documents at the time of submitting gold loan application:

• Identity Proof
• Address Proof
• Signature Proof
• Photograph