DCB Bank Gold Loan

AT 0.49%* INTEREST RATE
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    DCB Bank Gold Loan

    DCB Bank Gold Loan Key Features – Apply Now

    DCB Bank Gold Loan Interest Rate 5.88% per annum
    DCB Bank Gold Loan Rate Per Gram
    Rate Per Gram is ₹ 2,900 to ₹ 3,450
    DCB Bank Gold Processing Fee
    1.0% of the Principal Loan Amount
    DCB Bank Maximum Loan Amount
    Up to Rs. 1 Crore (With Income Proof)
    DCB Bank Minimum Loan Amount 75%  LTV
    DCB Bank Gold Prepayment Charges
    2%+GST (Within 3 Months), 0 (After 3 months)
    DCB Bank Gold Repayment Tenure
    Up to 60 Months
    DCB Bank Gold Repayment Scheme
    Bullet Payment Scheme, Overdraft Scheme

     

    GOLD LOAN @ 0.49%*

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    DCB Bank Gold Loan Explanation

    The Gold Loan via DCB Bank could well be the simplest and most effective way of supporting your immediate needs at an attractive rate of interest. With small documentation and safe storage, the gold loan from DCB Bank is an economical way to easily acquire financing. For marriage, education, company expansion and other related uses, the money received from a gold loan may be used.

    DCB Bank Comparision With Other Banks

    Particulars DCB Bank SBI HDFC Bank
    Interest Rate 5.88% per annum 5.88% per annum 9.90% – 17.55%
    Processing Fees 1.0% of the Loan Amount 0.50% of the loan amount 1.50% of the loan amount
    Loan Tenure 3 months to 60 months 3 months to 36 months 3 months to 24 months
    Loan Amount Up to Rs. 1 Crore ₹ 20,000 to ₹ 20 Lakh ₹ 25,000 to ₹ 50 Lakh
    Foreclosure Charges 2%+GST (Within 3 Months), 0 (After 3 months) Nil Nil after 3 months
    Repayment Options Y Y Y
    Lowest EMI Per Lakh ₹ 3,510 to ₹ 5,340 per lakh ₹ 3,111 per lakh ₹ 4,610 per lakh

    Tips To Get Gold Loan From DCB Bank Fast

    • For a gold loan, DCB Bank accepts all marked and non-marked jewellery. However, with remarkable jewellery, you can get a very high Gold Loan Per Gram, since it lowers the odds of a lower ranking on average. Even, for handling gold jewellery, certain banks charge a lower price.
    • The price of 22 carats of pure gold is set by DCB Bank. So, always aim to borrow high-quality jewellery, as gold loans would give you the best value.
    • You can apply for online gold loan application services through the DCB Bank online portal for quicker processing of gold loans.

    About DCB Bank Gold Loan

    DCB Bank Gold Loan

    DCB Bank offers Gold Loan at competitive interest rates. This Bank is one of the significant gold loan providers as it understands the needs of the customers and disburses the loan amount in one hour. Also, The pledged Gold is locked safely in the vault, and the borrower does not have to worry about its safety. Besides, A Gold Loan Interest Rate and all other charges are transparent to the borrower upfront before sanctioning the loan amount. Hence, the borrower does not have to worry about the hidden costs and fees on their gold loan.

    • DCB Bank Gold Loan Interest Rate is 5.88% per annum.
    • DCB Bank Gold Loan Per Gram Rate is ₹ 2,900 to ₹ 3,450
    • DCB Bank Gold Loan Tenure: Up to 60 months.
    • DCB Bank Gold Loan Processing Fee is Up to 1.0% of the Loan Amount or Rs 1000(Which one is higher) + GST.

    What is DCB Bank Gold Loan?

    Gold loan is a type of secured service, where you will get a loan against your gold ornaments; Gold Loan is Gold deposits where you get a value in monetary terms, and after repayment of the amount your gold ornaments will return to you in the same shape.

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    Advantages Of DCB Bank Gold Loan

    Advantages of DCB Bank Gold Loan via Dialabank

    1. The DCB Bank gold loan is very quick and you can get it approved in just 5 minutes.
    2. The loan amount is disbursed directly into your bank account.
    3. Unlike a personal loan, a gold loan does not require a minimum income or a minimum CIBIL score.
    4. DCB takes full responsibility for the collateral. It has updated technological surveillance and well-trained staff.
    5. A gold loan can be availed by almost everyone. It has very basic eligibility criteria.
    6. Gold loans can be used for all purposes of life. They are not specific.
    7. Bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

    Know More –  Gold Loan Features and Benefits

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    How Much Gold Loan Per Gram Can I Get Through DCB Bank Gold Loan?

    According to the latest gold prices, DCB Bank is offering gold loans per gram varying between ₹ 2,900 to ₹ 3,450 .
    The highest DCB Bank gold loan rate per gram today is ₹ 3,421 for 24-carat jewelry calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2021 are ₹ 3,329 of 22 carats.

    DCB Gold Loan Per Gram – updated Dec 03 2022


    Form Of Gold That Is Acceptable For DCB Gold Loan

    1. Not every type of Gold is accepted by the banks to provide the Gold Loan. There are various restrictions regarding the valuation of Gold.
    2. The purity or quality of the Gold should be between 18 Karats to 22 Karats.
    3. The raw form of Gold is not acceptable.
    4. Gold coins that weigh less than 50 Grams in total are accepted.

    DCB Bank Gold Loan Documents Required

    Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the DCB Bank wherein funds are provided for fulfilling the financial needs of the applicant. The gold ornaments of the applicant are kept as security by the bank in exchange for the funds. The entire DCB Bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures the high security of your gold ornaments till the loan is closed.

    Documents required for Applying for DCB Bank Gold Loan are :

    Photographs 2 Passport Size
    Identity Proof
    Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
    Residence Proof
    Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
    Agricultural Land Proof
    Required only if the Loan is taken for Agricultural Purpose

    **Any other documents as requested by the bank shall be duly submitted.**

    GOLD LOAN @ 0.49%*

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    DCB Bank Gold Loan Eligibility

    Gold Loan is a financial product provided by the DCB Bank which caters to your needs of short term or long term funds. It is easy to avail of financial services provided by banks at low rates of interest and also requires minimal documentation for the same. DCB Bank gives you the Loan amount within an hour of application as the valuation and approval process is quickly done keeping in mind your urgency regarding the need for funds.

    Major Eligibility criteria for availing of the DCB Bank Gold Loan is:

    Age 18-70 years of age
    Nationality Indian
    Employment Status Salaried, Self-Employed
    Gold Quality Minimum 18 Carats
    Requirements
    Gold ornaments (18-22 carats)
    CIBIL score Above 500
    Gold Quantity Minimum 10 grams

    Know More – Gold Loan: Factors to Remember

    DCB Bank Gold Loan Interest Rates, Fees, and Charges

    DCB Bank Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates offered by the DCB Bank are lower in comparison to other loans because it is a fully secured loan.

    Corporation Gold Loan Interest Rate 5.88% per annum
    Processing Fee
    1.0% of the Principal Loan Amount
    Prepayment/Foreclosure Charges
    2%+GST (Within 3 Months), 0 (After 3 months)
    Valuation Fee
    Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
    Late Repayment Charges
    2% p.a. + Applicable rate of interest.
    Renewal Processing Fees
    Rs 350 + GST

    GOLD LOAN @ 0.49%*

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    DCB Bank Gold Loan at Home 

    Gold Loan at Home is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You may use the gold loan calculator to calculate the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.

    One of our representatives will contact you and arrive at your home within 30 minutes. The appropriate gold loan amount will be paid immediately to your bank account when all e-documentation and gold identification is completed at your home.

    The benefits of getting a gold loan at your doorsteps are:

    • Diverse Range of Gold Loan Schemes
    • Your Gold will just be released the same day.
    • You can get free insurance for your Gold
    • There are no hidden fees.
    • You will get the maximum value of your Gold
    • Service at Your Door in 30 Minutes

    DCB 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

    DCB Bank Gold Loan Rate Per Gram

    Gold loan per gram, as its name suggests, means how much amount of gold loan you can avail of against a gram of gold collateral. You can get a high amount against the collateral of higher purity and price. DCB bank allows the borrowers to avail of a loan amount up to 75% of the value of the jewellery you gave as collateral. It also depends on the weight of the collateral, excluding the weight of stones.

    Since the prices of gold rise and fall every day, the gold loan rate per gram are also subject to this variation.

    Gold Loan Apply Online

    You can apply through the Dialabank website by:

    1. Going to the menu on the home page.
    2. Click on the gold loan option.
    3. You will have to fill a simple form about your details for our perusal.
    4. After this, you will receive emails from us listing the best offers of a gold loan.
    5. Our relationship manager will call you and assist you through the entire process.
    6. Thus the process is very simple and hassle-free through Dialabank.
    7. You can also call us on the number 9878981144.


    GOLD LOAN @ 0.49%*

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    Uses Of DCB Bank Gold Loan

    There are many uses of DCB Bank gold loans. You can either use it for any personal requirements such as liquid cash for a wedding or a vacation or use it for your child’s education. If you are involved in agriculture, you can avail of a gold loan to buy agricultural capital, and if you are a businessman you can use it to expand your business. Thus a gold loan is useful for everyone.

    DCB Bank Agricultural Jewel Loan Scheme

    Scheme  Agricultural Jewel Loan Scheme
    Interest Rate  Starting from 5.88% per annum (depends on the sum of the loan
    Least amount of Loan Depends on the value of  jewel which is being kept as security
    Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

    DCB Bank Agricultural Jewel Loan Scheme