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IndusInd Bank Gold Loan Highlights |
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| 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