When compared to other loan kinds, the interest rates on gold loans obtained by gold pledge range from 7.35% to 29% p.a. India's banks and other financial institutions provide gold loans with loan amounts ranging from 1500 to 1.5 crore rupees. These gold loans have repayment terms ranging from 7 days to 240 months.
IOB Gold Loan Interest Rate |
7.05% |
Amounts |
Rs. 25 lakhs |
Tenures |
3 Years |
2022 |
₹5,219 |
Different eligibility requirements apply to the gold loan at Indian Overseas Bank. And they vary depending on the bank. Depending on the gold loan amount, the Indian Overseas Bank has varied eligibility requirements for gold loans. The following are the requirements for the Indian Overseas Bank=
Numerous documents, including your identity verification, proof of address, and bank transactions, are needed at Indian Overseas Bank. For a gold loan with the Indian Overseas Bank, they are crucial.
Several uses are possible for the money obtained by using the Indian Overseas Bank Gold Loan service, including-
You may thus select the ideal program for you after learning about all of Indian Overseas Bank's gold loan programs. It's time to learn about the application process for each of these loan programs.
Applying for the Indian Overseas Bank Gold Loan is simple and can be done offline or online. Below, we provide details on both of these approaches. You can select any of those based on what is most convenient for you.
You only need to locate the Indian Overseas Bank branch that is closest to you in order to use this strategy. You merely need to take all the paperwork and your gold to the branch after you find it. The representatives there will thoroughly explain each scheme to you so you can pick the best one for you.
You simply have to fill out the application form after selecting the appropriate scheme. The lender will then evaluate the worth of your gold before approving the amount of your loan.
You only need to go to the Indian Overseas Bank's official website to use the online option if you don't want to visit the branch. The "Jewel Loans" section can be found there. You will have to fill out a form when you get there. You will need to enter some simple information like your name, phone number, and email address.
The staff will be in touch with you regarding your gold loan after you submit the form.
HDFC Bank Gold Loan |
7.00% – 14.50% |
ICICI Gold Loan |
7.00% – 16.10% |
Muthoot Finance Gold Loan |
7.00% – 24.00% |
Axis Bank Gold Loan |
7.00% – 17.00% |
Manappuram Gold Loan |
7.00% – 26.00% |
Get instant assistance and clearance for your Indian Overseas Bank gold loan by calling 9878981144. You can quickly find out about the best Gold Loan deals available from all Indian Overseas Bank branches across the nation to take advantage of the deal that best suits your needs.
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