RBL Bank Gold Loan Interest Rates

The RBL Bank Gold Loan is a practical way to handle short-term financial unforeseen circumstances. The money obtained from the RBL Bank Gold loan may be applied to wedding expenses, educational expenses, business expansion, or other similar expenses. 

The RBL Bank Gold Loan is an easy funding alternative to suit your financial needs with less paperwork and secure storage. With a minimum loan amount of Rs. 10,000 and a flexible repayment schedule ranging from one week to one year, RBL Bank offers loans secured by gold.

Details of the RBL Bank Gold Loan Scheme

RBL Bank gold loan interest rate

7.11%

Gold Loan Per Gram

₹ 5,032

Amounts

Rs. 1 Crore

Processing Charges

1.50%

Prepayment Charges

2%+GST

Repayment Terms

24 Months

Schemes of Repayment

Bullet Payment Scheme or Overdraft Scheme

Benefits of the RBL Bank Gold Loan Scheme

  • Fast Process: You can quickly and painlessly obtain a gold loan from RBL Bank. Only an hour later is the advance approved.
  • Fewer Archives: The documentation movement is constant here; RBL Bank's gold advance requires the use of fewer archives.
  • Jewelry Protection: It's important to note that the Bank assumes full responsibility for the insurance of your gold. They continued to maintain the gold in flame-resistant health after that.
  • Loan Term: RBL Bank offers gold credit terms ranging from three months to two years. You can then choose your luxury according to your demands.
  • Profits for Ranchers: RBL Bank provides a variety of agricultural agreements. For agronomic applications, RBL Bank offers a minimal Gold Loan financing cost.
  • No Debt Problem: If a candidate cannot pay back the amount of the advance, the Bank may retain the candidate's possessions, and in that case, the candidate will not be subject to any obligations.
  • Transparent System: RBL Bank offers complete transparency to its customers, which means there are no hidden fees.
  • Loan Amount: The minimum amount of credit that RBL Bank can extend to a client is Rs. 15,000. Furthermore, in rural places, it very well could be less than Rs 10,000.
  • No income restrictions: As of right now, anyone with any pay range can apply for a gold credit in RBL Bank. There are no restrictions on the candidate's pay.

Who is Known to be Eligible for the RBL Gold Loan Scheme?

  1. Individuals who are in the age range of 18 to 70 years are known to be eligible.
  2. The quality of the gold needs to be a minimum of 18 karats.
  3. The applicant needs to be of Indian nationality.
  4. The employment status of the applicant has to either be salaried or self-employed.

What are the Documents Required to Apply for the Gold Loan Scheme from RBL Bank?

  1. 2 Passport size photographs.
  2. ID Proof - Aadhaar, Passport, PAN, and more.
  3. Resident Proof - Aadhaar, License, Ration, Voter ID, and more.

Other Charges of the Gold Loan Scheme from RBL Bank

RBL gold loan interest rate

7.11%

Processing Fee

1.50%

Foreclosure Fee

2%

Valuation Fee

Rs. 250 to Rs. 500

Late Payment Fee

2%

Renewal Charge

Rs. 350 + GST

Types of Gold Loan Schemes from RBL Bank

The following are a few of the Gold Loan-related programs that RBL Bank offers:

  • Loan Against Gold for the Farming Industry: RBL Bank provides gold loans to farmers clearly for agricultural purposes at an unusual advance of premium as compared to gold advances offered for diverse prospects. They receive a variety of offers, and you must present the Bank with property verification at the time you accept the credit.
  • Loan Against Gold: Advances are necessary to meet anyone's essential demand for benefits in any way, shape, or form, whether they are individuals or professionals. Loan Against Gold - RBL Bank offers Gold loans at enticing rates. When compared to various types of Loan items, gold credit is offered at a slower advance because it is guaranteed regarding the type of advances, and the Bank has no risk in offering the total to the applicant.

RBL Customer Support

Get quick support and comprehension for your RBL Bank Gold Loan by dialling 9878981144. Now that you have access to the best gold loan offers from all RBL Bank branches across the country, you can choose the best option that meets your needs.

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