Deutsche Bank Gold Loan Approval Process


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    Deutsche Bank Gold Loan Approval Process

    Deutsche Bank Gold Loan Features

    Deutsche Bank Gold Loan Approval ProcessDeutsche Bank Gold Loan Approval Process is faster and easier in Deutsche Bank for Gold Loans. As you provide your gold to the bank as collateral, adding more security to your loan. If you meet the required standard, the interest rate can be as low as 7% for Deutsche Bank Gold Loan. In addition, multiple repayment options like bullet repayment, EMI, Loan Over Draft are available for easy repayment in Deutsche Bank for Gold Loan.

    • Easy Process and instant approval: Deutsche Bank Gold Loan Approval Process is comparatively easy, and the loan is provided instantly.
    • Lower Interest Rate: Deutsche Bank Gold Loan interest rate can be as low as 7%.
    • Less Documentation: Deutsche Bank Gold Loan involves an easy documentation process and less paperwork.
    • No Processing Fee: Deutsche Bank doesn’t charge any processing fee on gold loans.
    • Flexible Tenure: Deutsche Bank Gold Loan Tenure is flexible between 12 to 48 months.
    • Multiple Repayments Options: Deutsche Bank Gold Loan offers multiple repayments options like bullet repayment, Term Loan, Regular EMI’s, and Overdraft.
    • Flexible instalment schedule: Deutsche Bank Gold Loan instalments can be done weekly or monthly.
    • Maximum Gold Value: Deutsche Bank provides a maximum value of 75% on your gold loan.
    • Safe: Your Gold deposited with Deutsche Bank as collateral will be safely stored in a unique triple-layered secure locker.

    Deutsche Bank Gold Loan Eligibility

    Minimum and Maximum Age
    21 Yrs – 60 Yrs
    Note: However, many banks require a minimum age of 23 years
    Loan Amount
    Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
    Interest rates are lower for a higher loan amount
    Employment Type
    Salaried and self-employed both are eligible
    Businessmen are increasingly taking gold loans to meet their working capital requirements.
    In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans.
    Quality of Gold
    Gold ornaments should range in between 18 to 24 Carats
    An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
    CIBIL Score
    Banks do not check CIBIL score for granting a gold loan
    However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
    Gold ornaments that can be used for availing loan
    Gold bars and coins
    Gold with 18-24 carat purity
    Employment track record and income proofs
    Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.

    Deutsche Bank Gold Loan Documents Required

    At the time of application the following documents are required:

    • Proof of the citizenship of India
    • Duly filled application form
    • 2 passport-sized photographs
    • Applicant’s KYC documents to establish Identity and Address
    • Salary/ Income Proof
    • Witness Letter in case of illiterate borrowers
    • In the case of Agriculture Loan of more than Rs. 1 lac, land proof
    • Certificate by the Jewel Appraiser (Bank will arrange)

    At the time of disbursement the following documents are required:

    • Demand Promissory Note & Demand Promissory Note Take Delivery Letter
    • Gold Ornaments Take Delivery Letter
    • Arrangement Letter

    Deutsche Bank Gold Loan Approval Process

    Visit Deutsche Bank official Website or follow these Easy Deutsche Bank Gold Loan Approval Process steps.

    • Visit Dialabank or call 9878981166
    • Provide some details
    • Dialabank’s Relationship Managers will reach out to you
    • Your loan will be sanctioned immediately after your documents are approved

    FAQs on Deutsche Bank Gold Loan Approval Process

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

    If a customer defaults on the payments of Deutsche Bank Gold Loan interest for 3 months, Deutsche Bank will charge a penalty fee on the total amount and in case of repeated defaults, the Deutsche Bank have the authority to auction the customers gold to recover the amount.

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

    You can apply for the Deutsche Bank Gold loan moratorium online by logging in with your credentials or personally visiting the main branch. The request for the moratorium has to be submitted within five working days before the due of your EMI.

    What is the Overdraft Scheme for Deutsche Bank Gold Loan?

    Deutsche Bank does provide an Overdraft Scheme, and the overall loan amount will have a Credit/Loan Limit. In addition, the Deutsche Bank Gold Loan Overdraft facility charges interest only on the amount you withdraw/utilize.