IndusInd Bank provides gold loans for personal or business needs, excluding speculative purposes. You can borrow against gold ornaments or gold coins (limited to 50 grams per customer) at an interest rate starting from 10% per annum. You have the option to repay the loan through monthly interest payments or EMI (equated monthly installments).
| IndusInd Bank Gold Loan Highlights | |
|---|---|
| Interest Rate | 10%-16% p.a. |
| Processing Fees | Up to 1% of loan amount |
| Repayment |
|
| Loan Amount | Up to Rs 20 lakh |
| Loan Tenure | 3 months to 12 months |
| Collateral | Gold ornaments or Gold coins (50 grams per customer) |
IndusInd Bank has not explicitly disclosed its current gold loan interest rates. However, it has provided information about the interest rates on gold loans sanctioned during the Third Quarter of the Financial Year 2024. This information may give a fair idea of the gold loan rates offered by the bank.
| Products | Interest Rates (p.a.) |
|---|---|
| Average | 11.85% p.a. |
| Maximum Interest Rate | 16% p.a. |
| Minimum Interest Rate | 10% p.a. |
Also read: Best Gold Loan Interest Rate
| 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 |
| Particulars | Charges |
|---|---|
| Processing Fees | Up to 1% of loan amount |
| Penal Interest | 24% p.a. over and above the applicable ROI |
| Valuation Fee |
|
| Stamp duty and other statutory charges | As per applicable laws of the state |
| Renewal Processing Fees | Up to 1% of the outstanding amount. |
| Prepayment/Partpayment charges | NA |
| Non-standard repayment charges | NA |
| Credit assessment charges | NA |
| Outstation clearing charges | NA |
| Bounce Cheque Charges | NA |
Also read: Best Gold Loan EMI Calculator
Here are the eligibility criteria set by IndusInd Bank for its gold loan applicants:
Also read: Best Gold Loan Eligibility
Here are the eligibility criteria set by IndusInd Bank for its gold loan applicants:
Also read: Best Gold Loan Eligibility
IndusInd Bank gold loan applicants need to submit the following documents when applying for a gold loan:
Also Read : Best Gold Loan Documents Required
IndusInd Bank provides two repayment options for its gold loan applicants:
You can choose a gold loan tenure with IndusInd Bank ranging from 3 months to 24 months.
To apply for a gold loan with IndusInd Bank, follow these steps: (i) Visit the official website of IndusInd Bank. (ii) Navigate to the 'Products' section and click on 'Loan'. (iii) Select 'Gold Loan' from the options provided. (iv) Look for the 'Apply Now' button and click on it. (v) Anew page will open where you need to enter the required details. (vi) After entering all the necessary information, click on 'Apply'. (vii) The bank will review your application and provide further instructions. (viii) Once you fulfill all the requirements, the loan amount will be disbursed to your bank account.
To reach an IndusInd Bank customer care executive, you can call the numbers 1860-500-5004 or 022-44066666. Alternatively, you can use the "Let us call you" facility on the bank's official website. Simply scroll down to find the link for this feature, then enter your details on the provided page and click "Apply". A customer care executive will contact you to assist with your gold loan queries.
IndusInd Bank does not offer gold loan facilities in all cities across India. You can check the official website of IndusInd Bank to see the list of cities and states where they provide this service. If you reside in a city where the bank does not offer gold loan facilities, you can still apply for a gold loan through the bank's website. A customer care executive will contact you and guide you through the process, including steps to follow if gold loan services are not available in your city.
To apply for a gold loan with IndusInd Bank, simply visit the nearest branch with your gold and necessary documents. A bank official will guide you through the application process.
