Karnataka Bank Gold Loan

Karnataka Bank Gold Loan Highlights
Interest Rates	KBL Gold Loan: 10.68% p.a. KBL Swarna Bandhu Scheme: 13.50% p.a.
Collateral	Pledge of gold ornaments
Loan Tenure	6 months to 1 year
Loan Amount	Up to Rs 50 lakhs (Up to Rs 1 lakh under KBL Swarna Bandhu Scheme)
Gold Loan Repayment Facility	Overdraft, term repayment overdraft and bullet repayment
Processing Fee	NIL

Last updated as of 20 March 2025

Karnataka Bank Gold Loan Interest Rate

The bank provides KBL Gold Loan at an interest rate of 10.68% p.a., and the KBL Swarna Bandhu Scheme at an interest rate of 13.50% p.a. The bank can consider the credit profile of the applicant, loan tenure, quality of the gold jewellery offered as collateral, etc. while setting gold loan interest rates for its customers.

Karnataka Bank Gold Loan Fees & Charges

Processing Fees & Handling Charges

Particulars	Charges
Processing Fees	NIL
Handling Charges	NIL

Reappraisal Charges for Gold Loans

Particulars	Charges
Up to 10 gold packets	Maximum Rs 500
Above 10 packets	Maximum of Rs 500 plus Rs 25/- per packet from the 11th gold loan packet and conveyance

Types of Karnataka Bank Gold Loan

KBL Gold Loan

Purpose

Karnataka Bank offers a ‘KBL Gold Loan’ against the security of gold ornaments. Applicants can use this loan for any personal purposes such as marriage, education, business expansion, etc. except speculation purposes.

Loan amount

Applicants can avail Karnataka Bank Gold Loans for up to Rs 50 lakhs.

Tenure

The bank offers gold loans for tenures of 6 months to 1 year.

Repayment Facility

Applicants can either repay their interest on gold loans through overdraft, term repayment overdraft and bullet repayment.

KBL Swarna Bandhu Scheme

Purpose

Karnataka Bank has launched a new gold loan scheme called ‘KBL Swarna Bandhu.’ This initiative allows the bank to provide gold loan services directly at the customer’s doorstep. The scheme has been introduced in association with Sahibandhu FinTech Services Pvt. Ltd., serving as the Business Correspondent and Business Facilitator.

Loan amount

The loan under KBL Swarna Bandhu Gold Loans ranges from Rs 50,000 to Rs 1 lakh.

Tenure

The bank offers gold loans under KBL Swarna Bandhu Gold Loan scheme for a tenure of up to 1 year.

Eligibility Criteria for availing Karnataka Bank Gold Loan

Karnataka Bank has not disclosed the eligibility criteria for availing gold loans. Prospective gold loan applicants can visit the branch for the same.

Documents Required for Karnataka Bank Gold Loan Application

Karnataka Bank has not stated the list of documents for availing gold loan. Applicants can visit bank branches for the same.

Karnataka Gold Bank Loan EMI Calculator

Karnataka Bank has not stated whether it provides a gold loan with an EMI repayment option. Applicants planning to take gold loans on EMI can consider other lenders that offer EMI gold loan facilities. Additionally, applicants can use the lender’s Gold Loan EMI Calculator or Paisabazaar’s online Gold Loan EMI Calculator to calculate the EMI based on the chosen loan tenure and interest rate.