Dena Bank Gold Loan

Dena Bank Gold Loan Key Features

Each Feature Explained in Detail Below

Advantages of Dena Bank Gold Loan

1. Gold Loan at Dena Bank is straightforward to apply. One can apply for the gold loan online within a few minutes.
2. If a borrower is eligible, the loan can be approved within 30 minutes
3. After the approval of the loan, if the borrower has its complete documents, it can be disbursed quickly.
4. The rates of interest provided by the Dena bank are quite affordable.
5. Gold Loan from Dena Bank comes with competitive interest rates on Term Loan, Overdraft and EMI based loan. Repay your gold loan in easy lower EMIs, over a tenor of your choice.
6. The documentation process is easy and simple
7. Dena Bank will not ask the reason behind the gold loan; one can use this loan amount according to their requirement.
8. Different forms of Gold ornaments accepted
9. Gold Bangles, Gold rings, Gold anklets and Gold necklace many more, Gold bars, Gold Bricks, Gold biscuits, and Gold coins are acceptable. The purity of gold that is acceptable here is 18carat-22carat.

How Much Gold Loan Can I Get Through Dena Bank Gold Loan?

According to the latest gold prices, Dena Bank is offering gold loans per gram ₹ 5,121. The highest gold loan rate per gram from Dena Bank today is ₹ 5,121 for 24-carat jewelry calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2020 are ₹ 5,121 of 22 carats.

Dena Bank Gold Loan Per Gram

About Dena Bank Loan Against Gold

Dena Bank is one of the oldest private banks in India, headquartered in Mumbai. The bank was established on 26 May 1938, by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. The bank is one of the nationalised banks of India.

The bank was established under a Public Limited Company in December 1939, and later the name was changed to Dena Bank Ltd. The bank has 1874 branches.

Dena Bank of India offers loan against gold at contentious interest rates. The pledged gold safely in the bank locker, and the borrower does not have to worry about their Gold safety. The prices of gold, as well as all other charges, are transparently announced to borrower upfront before sanctioning the Gold Loan amount.

Hence the applicant does not have to worry about the hidden fees on their gold loan. Gold loan is a loan in which a borrower can get a loan against their gold. The loan is secured. The bank will take a borrower’s gold as a security.

• Dena Bank Gold Loan Interest Rate is 7.0% per annum
• Dena Bank Gold Loan Per Gram Rate is ₹ 5,121
• Dena Bank Gold Loan Tenure: Up to 36 months
• Dena Bank Gold Loan Processing Fee is Up to 0.75% of the Loan Amount + GST

Dena Bank Gold Loan Eligibility

Primary Eligibility criteria for availing the Dena Bank Loan against Gold is: 

Dena Bank Gold Loan Documents Required

Documents required to avail Gold Loan at Dena Bank  are :

Dena Bank Gold Loan Interest Rate, Fees and Charges

Types of Dena Bank Jewellery Loan

• Agricultural purpose: Dena Bank offers loan against gold for agrarian purposes at a meager rate of interest.
• Non-Agricultural purpose: The rate of interest by Dena Bank are slightly higher for non-agricultural purpose loans.

Apply Dena Bank Loan Against Gold Online

• Visit Dialabank‘s website.
• Fill a gold loan application form.
• Our relationship manager will contact you on your provided number.
• With the help of our experts, find and choose the best gold loan for yourself.

Dena Bank Gold Loan EMI Calculator

How to Pay Your Dena Bank Gold Loan EMI?

1. Standing Instruction (SI): for Dena Bank record holders.
2. Electronic Clearing Service (ECS): for non-Dena Bank account holders.
3. Post-Dated Checks (PDC): to enable post-dated EMI cheques from a non-Dena Bank account.

Dena Bank Gold Loan Contact Number

For any assistance regarding a gold loan in Dena Bank, you can contact on the number 9878981144.

Gold Ornaments Accepted by Dena Bank

All kinds of gold jewellery such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, (18-24 carats) all of these are accepted for availing a Gold Loan.

Uses of Dena Bank Gold Loan

• To finance personal expenses like vacation expenses, tuition fees etc.
• Finance business needs like buying inventory, plant etc.
• Gold against the loan for agricultural purposes.

FAQs About Dena Bank Gold Loan

✅ What is Dena Bank Gold Loan?

Dena Bank Gold Loan is a loan against a gold scheme that comes with the maximum funding of 75% of the total market value of your gold. The loan amount can be used for all your personal and business needs. Gold Loan by Dena Bank is a financial product that can fulfil your short term fiscal requirements. If you are above 18 years and are a permanent resident of the country with possession of gold, you can apply for Dena Bank Gold Loan.

✅ How can I get a Gold Loan from Dena Bank?

• Fill in your required information in the gold loan form available on Dialabank.
• Our trained Relationship Manager will help you find the best offers in 2020.
• We will suggest you the loan according to your eligibility.
• Kindly visit the nearest assigned branch by the manager.
• Get the loan in your accounts instantly.

✅ How much Gold Loan can I get per gram in Dena Bank?

Per gram Gold Loan rates in Dena Bank varies according to the purity of your gold and the current prevailing market rates. Rs. 5,121 is the standard price for gold per gram.

✅ What is the Gold Loan interest rate in Dena Bank?

Dena Bank Gold Loan interest rates can be as low as 7.0% per annum depending on the amount and the purpose of your loan. They also charge some documentation, valuation, and processing fee from the applicant.

✅ How to check Dena Bank Gold Loan status?

You can immediately check the status of Gold Loan by contacting the loan officer at your loan branch.

✅  How to calculate Gold Loan Interest in Dena Bank?

You can easily calculate the gold loan interest rate in Dena Bank by subtracting the principal amount from the total sum to be paid.

✅ What is the maximum loan amount I can avail on Gold Loan from Dena Bank?

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

✅ What is the loan tenure of Dena Bank Gold Loan?

The maximum tenure of your Dena Bank Gold Loan is up to 36 months. However, kindly renew your loan plan after a year.

✅  How much is Processing Fee applicable on Dena Bank Gold Loan?

A processing fee of 0.75% of the loan amount is charged.

✅ How to renew Dena Bank Gold Loan?

Renewal of Gold Loan can be done after the end of tenure by visiting the bank with all the loan documents. New terms are decided after revaluation of your gold, and the loan is renewed for another time.

✅ How to renew Dena Bank Gold Loan online?

Renew your Gold Loan with Dena Bank by visiting the branch with your loan documents. Your gold will undergo a revaluation process, and upon confirmation of terms, your Gold Loan will be renewed for another tenure.

✅ What are the charges for renewal in Dena Bank Gold Loan?

Bank charges approximately Rs. 250- Rs. 500 for renewal of the gold loan.

✅ What are the charges for Pre-payment in Dena Bank Gold Loan?

Dena Bank charges 0-2% for pre-payment of the gold loan.

✅  How to pay Dena Bank Gold Loan Interest online?

For Dena Bank account holders, online payments can be made through the bank’s online portal or mobile application via net banking, debit cards or mobile wallets such as Paytm.

✅ What if I cannot pay the interest on Dena Bank Gold Loan for 3 months?

If someone defaults on the payments of Dena Bank Gold Loan interest for 3 months, a penalty fee will be charged by Dena Bank. Many defaults can lead to the bank selling off your gold jewellery.

✅ How can I apply for EMI Moratorium on Dena Bank Gold Loan?

You can apply for EMI Moratorium on Dena Bank Gold loan online by logging in to the bank’s portal with your credentials or by personally visiting the main branch. The moratorium request should be submitted at least five working days before the due date of your EMI.

✅How to pay Dena Bank Gold loan through credit card?

Paying Dena Bank gold loan through credit card is not permitted as per RBI issued guidelines.