Chaitanya Godavari Grameena Bank Gold Loan

Gold Rate: ₹ 5,340 Per Gram

Interest Rate 7.0% p.a. ⍟

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Unlock the Real Value of your Gold
Lowest Rate of Interest
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

Chaitanya Godavari Grameena Bank Gold Loan Key Features

Collateral Gold ornaments
Gold Loan per gram depends on the purity of gold
Age of Borrower 18 – 75 years
Max Loan Amount Up to 20 lakh
Max LTV Ratio 75% LTV
The purity of Eligible gold 18 carat- 22 carat gold
Maximum Loan Tenure Up to 36 months

Chaitanya Godavari Grameena Gold Loan Bank Advantages 

  1. Less Documentation Process – Firstly, Documentation requirements for availing a Gold Loan from Chaitanya Godavari Grameena Bank are quite less. The applicants are not asked to provide lengthy proofs to avail the financial service.
  2. Easy to get – Another feature is, Availability of Chaitanya Godavari Grameena Bank Gold Loan service is excellent. That is, people can easily avail a gold loan at nearby branches. It is not tough to find a nearby branch.
  3. CIBIL Score – In addition to this, Credit Score does not matter in this service, that is, the applicant does not have to worry about low credit repayment history. If anybody has a bad repayment history, they can improve the same by taking a Gold Loan.
  4. Processing Fees – Furthermore, Chaitanya Godavari Grameena Bank does not charge any processing cost for a loan application. Most of the banks charge a fee, but in the case of this company, there are no charges of availing a Gold Loan.
  5. Tenure- Also, Chaitanya Godavari Grameena Bank Bank provides a flexible period of the loan. It starts at one year and can go up to 1 year.
  6. Safety – Moreover, the protection of ornaments is the responsibility of the bank. That is, the applicant does not have to worry about the ornaments they have deposited.
  7. Simple Process – Last but not least, the system of this service is very transparent. That is, Chaitanya Godavari Grameena Bank does not hide anything from the customers.

How Much Loan Can I Get Through Chaitanya Godavari Grameena Bank?

Updated - Gold Loan Rate Per Gram
Weight Loan on 24 Carat Gold Loan on 22 Carat Gold Loan on 20 Carat Gold Loan on 18 Carat Gold
1 gram 4580 4198 3817 3435
10 gram 45800 41980 38170 34350
20 gram 91600 83960 76340 68700
30 gram 137400 125940 114510 103050
40 gram 183200 167920 152680 137400
50 gram 229000 209900 190850 171750
100 gram 458000 419800 381700 343500
200 gram 916000 839600 763400 687000
300 gram 1374000 1259400 1145100 1030500
400 gram 1832000 1679200 1526800 1374000
500 gram 2290000 2099000 1908500 1717500

About Chaitanya Godavari Grameena Bank Gold Loan

Chaitanya Godavari Grameena Bank Gold Loan

On 3rd March 2006, Government of India, Ministry of Finance announced to merge of two regional rural banks Godavari Grameena bank and Chaitanya Grameena Bank by combining these two banks gave birth to a new Regional Rural Banks known as Chaitanya Godavari Grameena Bank.
It’s a head office at Guntur in state Andhra Pradesh. Furthermore, the company provides financial services to customers like Gold Loan, Wealth management services and also Agriculture Loans.

Gold Loan is a type of financial service, in which the applicant has to put the gold ornament in the bank in return of loan amount. In this, the gold is considered as collateral by the bank. That further means, the applicant has to repay the amount of loan within the period of the loan.

If one fails to do so, the ornaments are confiscated by the banks. Furthermore, this is one of the popular services as Gold Loan Interest Rates are quite less in comparison to other services.

Chaitanya Godavari Grameena Bank Gold Loan Eligibility

Age 18-75 years
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500
Nationality Indian

Chaitanya Godavari Grameena Bank Gold Loan Documentation

Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID (Any one)
Residence Proof Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Any one)
Agriculture Proof ( if applicable) Agriculture Land Ownership Proof
Photographs 2 Passport sized coloured

Chaitanya Godavari Grameena Bank Gold Loan Interest Rates, Fees and Charges

Gold Loan Rate 10.70%
Processing Fee 0.85% of the loan amount + GST
Loan to Gold value Up to 75%
Pre-payment Charges 0- 2%

Types of Chaitanya Godavari Grameena Bank Gold Loan

  • The agricultural loan provided to farmers for agricultural purposes at a special rate of interest.
  • Non- agricultural purpose loan against gold provided to individuals for all kinds of purposes except agrarian purpose. The rate of interest is slightly higher.

Chaitanya Godavari Grameena Bank Gold Loan Apply Online

  • Visit Dialabank
  • Fill the Gold Loan form
  • Wait for our relationship manager to contact you with the best offers.

Chaitanya Godavari Grameena Bank Gold Loan EMI Calculator

Rate of Interest 6 months 1 Yr 2 Yrs 3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

How to Pay Your Chaitanya Godavari Grameena Bank Gold Loan EMI?

Your Chaitanya Godavari Grameena Bank gold loan can be repaid in the following ways:

  1. Standing Instruction (SI): If you are a current record holder with the Chaitanya Godavari Grameena Bank, Standing Instruction is the best method of repayment.
  2. Electronic Clearing Service (ECS): This can be utilised if you have a non-Ujivan Small Finance Bank account and might want your EMIs to be charged consequently.

Chaitanya Godavari Grameena Bank Gold Loan Contact Number

For any assistance in case of a gold loan from Chaitanya Godavari Grameena Bank required you may contact on the number 9878981144.

Gold Ornaments Accepted by Chaitanya Godavari Grameena Bank

Gold jewellery in any form like Gold Bangles, rings, anklets, and Gold necklaces, are accepted for availing a Gold Loan provided they are between 18-24 carats.

Uses of Chaitanya Godavari Grameena Bank Gold Loan

The loan amount acquired by availing the Chaitanya Godavari Grameena Bank Gold Loan service can be used for several purposes such as:

  • To finance personal expenses like a wedding, travel, medical bills, etc.
  • For all your financial business requirements, such as buying raw material, inventory, etc.

FAQs About Chaitanya Godavari Grameena Bank Gold Loan

What is Chaitanya Godavari Grameena Bank Gold Loan?

Chaitanya Godavari Grameena Bank Gold Loan is a secured loan that can be availed by using your gold as a security with the bank. The Chaitanya Godavari Grameena Bank Gold Loan is an instant solution for all your urgent monetary needs. The rate of interest starts at 10.70% per annum with a maximum loan tenure of 12 months.

How can I get Gold Loan from Chaitanya Godavari Grameena Bank?

You can avail Gold Loan from the Chaitanya Godavari Grameena Bank is a hassle-free and straightforward process:

  • Fill in your vital information in the form available on Dialabank.
  • Our trained Relationship Manager will get in touch with you within 30 minutes.
  • We will suggest you the loan according to your requirements, in your specific city.
  • Visit the assigned branch of the bank.
  • Get the loan sanctioned in just 30 minutes.

How much Gold Loan can I get per gram in Chaitanya Godavari Grameena Bank?

The loan rate per gram of gold by Chaitanya Godavari Grameena Bank varies daily, and you will have to contact the customer care executive for the same. The bank gives a Loan to Value of 75%.

How does Chaitanya Godavari Grameena Bank Gold Loan work?

The Chaitanya Godavari Grameena Bank Gold Loan is a secure credit availing service available for those who have urgent cash requirements and can pledge gold ornaments as collateral security. Once the gold pledged with the bank is valued, the bank processes the loan amount in your indicated account immediately. Various repayment options are available for repaying the loan.

What is the Gold Loan interest rate in Chaitanya Godavari Grameena Bank?

The rate of interest depends on the total amount of the loan and the purpose of the loan. Chaitanya Godavari Grameena Bank rate of interest begins from 10.70% per annum.

How to check Chaitanya Godavari Grameena Bank Gold Loan status?

Before applying for the closure of your Gold Loan, you need to make sure that you have zero pending dues. They will check for overdue amount and charges if pending, and once the formalities are done, you will be handed over with your pledged gold.

What is the maximum loan amount I can avail on Gold Loan from Chaitanya Godavari Grameena Bank?

You can get a maximum amount of Rs 1 crore on a Chaitanya Godavari Grameena Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value.

What is the loan tenure of Chaitanya Godavari Grameena Bank Gold Loan?

The maximum tenure of your Chaitanya Godavari Grameena Bank Gold Loan is up to 36 months. However, you’ll be required to renew your loan plan after a year.

How much Processing Fee is applicable on Chaitanya Godavari Grameena Bank Gold Loan?

A processing fee of up to 1% of the loan amount or ₹1000 whichever is higher is charged.

What if I can’t pay the interest on Chaitanya Godavari Grameena Bank Gold Loan for 3 months?

If someone defaults on the payments of Chaitanya Godavari Grameena Bank Gold Loan interest for 3 months, a penalty fee is charged on the total amount due and in case of repeated defaults, the bank will have the authority to auction your gold ornaments to recover the amount publicly.

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