Indian Bank Gold Loan

Indian Bank offers gold loan @ 8.65% p.a. onwards for loan tenures of up to 35 months. Applicants can avail Indian Bank Gold Loan to fulfil their personal and business-related needs (other than speculative activities) by pledging their gold jewels as security/collateral.

Indian Bank Gold Loan Highlights
Interest Rate	Floating Interest Rates: Jewel Loan (Non-priority): 8.80% – 9.80% p.a. OD against Gold Jewels: 9.95% to 10.45% p.a. Fixed Interest Rates: Jewel Loan (Non-priority): 8.65% – 9.00% p.a. OD against Gold Jewels: 9.90% to 10.40% p.a.
Processing Fees	Nil
LTV Ratio	Up to 75% of the market value of the pledged jewels or the advance value of jewels per gram, whichever is lower, can be availed as a loan.
Loan Amount	For Indian Bank Jewel Loans: Bullet Repayment: Up to Rs 35 Lakh Monthly Repayment: No limit on the maximum loan amount For Indian Bank OD Against Gold Jewels: Minimum: Rs 25,000 Minimum: Rs 10 Lakh
Repayment Tenure	For Indian Bank OD Against Gold Jewels: 1 year (renewable) For Indian Bank Jewel Loans: Bullet Repayment: Up to 1 year Monthly Repayment: Up to 35 months

Indian Bank Gold Loan Interest Rate

Indian Bank offers gold loan interest rates ranging between 8.65% per annum and 10.45% per annum. The interest rates offered on jewel loans under different Indian Bank schemes vary within this range.

Particulars	Rates (Floating)	Rates (Fixed)
OD against Gold Jewels	9.95% – 10.45% p.a.	9.90% – 10.40% p.a.
Jewel Loan (Non-priority)	8.80% – 9.80% p.a.	8.65% – 9.00% p.a.

Also read: Best Gold Loan Interest Rate

Gold Loan Interest Rates Offered By Partner Banks & NBFCs

Bank/NBFC/Fintech	Interest Rate
State Bank of India	8.75% p.a. onwards	Apply Now
Axis Bank	17% - 19% p.a. onwards	Apply Now
Punjab National Bank	9.25% p.a. onwards	Apply Now
Bank of India	8.80% p.a. onwards	Apply Now
IndusInd Bank	8.80% p.a. onwards	Apply Now
Bank of Baroda	9.40% p.a. onwards	Apply Now
Union Bank of India	9.30% – 10.65% p.a.	Apply Now
Canara Bank	9.25% p.a. onwards	Apply Now
HDFC Bank	8.50% - 15.97% p.a.	Apply Now
Federal Bank	8.99% p.a. onwards	Apply Now
ICICI Bank	10% p.a. onwards	Apply Now
Bajaj Finserv	9.50% – 28% p.a.	Apply Now
Manappuram Finance	12% p.a. onwards	Apply Now
Bank of Maharashtra	9.30% p.a. onwards	Apply Now
Kotak Mahindra Bank	8% - 24% p.a. onwards	Apply Now
Indian Bank	0.77% per month	Apply Now
IIFL Finance	11.88% - 27% p.a.	Apply Now
Rupeek	8.88% p.a. onwards	Apply Now
Muthoot Finance	10.90% p.a. onwards	Apply Now
Shriram Finance	11.40% p.a. onwards	Apply Now

Types of Gold Loans from Indian Bank

Indian Bank OD Against Gold Jewels

Purpose: Indian Bank's OD Against Gold Jewels is an overdraft facility extended against gold jewelry. Individuals can utilize this facility to fulfill various personal needs, excluding speculative purposes.

Loan Tenure: Indian Bank's OD Against Gold Jewels has a tenure of 1 year initially. The bank will renew this facility with the overdraft limit re-evaluated based on the market value of the gold jewels pledged as security and the Loan-to-Value (LTV) ratio set for the loan applicant.

LTV ratio: For Indian Bank's OD Against Gold Jewels, the Loan-to-Value (LTV) ratio is up to 75% of the market value of the pledged jewels or the advance value of jewels per gram, whichever is lower.

Indian Bank Jewel Loan

Purpose: Indian Bank's Jewel Loan enables individuals to utilize the funds for personal expenses, excluding speculative activities.

Loan Tenure: The repayment tenure for Indian Bank's Jewel Loan is up to 1 year under the bullet repayment method and up to 35 months under the monthly repayment method.

LTV ratio: For Indian Bank's Jewel Loan, the Loan-to-Value (LTV) ratio is up to 70% of the market value of the pledged jewels or the advance value of jewels per gram, whichever is lower.

Other Features of Indian Bank Gold Loan

Loan Amount: Indian Bank offers gold loans with a maximum amount of up to Rs 35 lakh under the bullet repayment method. However, there is no maximum limit on the loan amount under the monthly repayment method. For OD against Gold Jewels, the loan amount ranges between Rs 25,000 and Rs 10 lakh.

Loan Tenure: For Indian Bank Jewel Loan, the loan tenure is up to 1 year with the bullet repayment method and up to 35 months with the monthly repayment method. As for Indian Bank OD Against Gold Jewels, the tenure is for 1 year and can be renewed.

Repayment: Applicants of Indian Bank Jewel Loan have two choices for loan repayment:

Monthly installment method: Repay the loan amount along with interest in monthly installments.
Bullet repayment method: Repay the entire loan amount along with interest at the end of the repayment period.

Applicants of Indian Bank OD Against Gold Jewels are provided with an overdraft limit. They can withdraw from this sanctioned limit as per their needs and repay according to their financial situation.

Also read: Best Gold Loan EMI Calculator

Indian Bank Gold Loan Fees & Charges

Particulars	Charges
Processing Fees	Nil
Appraiser fee	To be borne by the applicant

Eligibility Criteria for availing Indian Bank Gold Loan

The eligibility criteria for availing gold loans from Indian Bank are as follows:

Minimum age: 21 years
Maximum age: 70 years (for non-priority jewel loans)

Also read: Best Gold Loan Eligibility

Indian Bank Gold Loan Documents Required

Prospective borrowers need to provide the following documents to avail Indian Bank Gold Loans:

Identity Proof
Residential Proof
Duly filled application form by the gold loan applicant

Also Read : Best Gold Loan Documents Required

Frequently Asked Questions

Low interest rates No hidden charges Convenient repayment schedule Easy and hassle-free loan process Applicable jewel appraiser and processing charges

You can check your Indian Bank gold loan status by calling 1800 425 00 000 or 1800 425 4422. Alternatively, you can visit the nearest Indian Bank branch.

The Indian Bank gold loan can be repaid over a maximum tenure of 12 months for the Bullet Repayment method and up to 35 months for the Monthly Repayment method.

To renew your Indian Bank Gold loan online, log into your i-mobile app account and navigate to the Gold Loan section. Enter the required loan account details for renewal. Ensure that the account is renewed within 1 year from the date of the original or latest sanction. The overdraft limit will be re-assessed based on the value of the pledged jewels, considering the margin requirements as of that date.

To apply for the loan, you need to provide the following documents: 1. Duly filled-in loan application form 2. Identity proof: Voter ID card, PAN card, passport, Aadhaar card, driving license, etc. 3. Address proof: Voter ID card, passport, Aadhaar card, driving license, etc. For the Agricultural Jewel Loan Scheme, you will need to submit the following additional documents: (i)Proof of agricultural land in the applicant’s name (ii)Proof of crop cultivation.