Features of Gramin Bank of Aryavart Gold Loan Documents Required Gold Loan
Gramin Bank of Aryavart is a regional rural bank that was established in Uttar Pradesh in the year 2013. The bank was formed after the merger of Aryavart Kshetriya Gramin Bank and Shreyas Gramin Bank. The bank has 706 branches in the entire state of Uttar Pradesh. There are also 12 regional branches of this bank that provide different financial services like Home Loan, Gold Loan, Personal Loan and etc.
Gold Loan which is also known as Loan against Gold is a financial service in which the customers simply submit their gold ornaments as security in the bank in exchange for funds. As soon as the borrower repays the loan amount with the interest their gold is returned back to them.
- There is no processing fee applicable up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore
Gramin Bank of Aryavart Gold Loan Documents Required Gold Loan Comparision with banks
| Bank / NBFC | Rate Per Gram | Interest Rate | Gold Loan Tenure | Min – Max Loan Amount |
| ₹ 3,506 to ₹ 4,621 | 0.099 | 3 to 24 months | ₹ 10 thousand to 5 crore | |
| Private Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.1 | 6 to 12 months | ₹ 10 thousand to 5 crore |
| ₹ 3,506 to ₹ 4,621 | 0.12 | 7 days to 36 months | ₹ 3 thousand to 1 crore | |
| ₹ 3,506 to ₹ 4,621 | 0.1225 | 12 months | ₹ 3 thousand to 1 crore | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 36 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1 | 3 to 36 months | ₹ 10 thousand to 5 crore | |
| SBI Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.0975 | 12 to 36 months | ₹ 20 thousand to 50 lakh |
| ₹ 3,506 to ₹ 4,621 | 0.075 | 3 to 36 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 10 thousand to 5 crore | |
| IIFL Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.12 | 11 months | ₹ 3 thousand to 50 lakh |
Gramin Bank of Aryavart Gold Loan Documents Required Gold Loan EMI calculator
Gramin Bank of Aryavart Gold Loan Documents Required 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
Gramin Bank of Aryavart Gold Loan Documents Required Gold Loan Documents Required – FAQs
✅ How much Gold Loan can I get per gram in Gramin Bank of Aryavart?
The Gold Loan Per Gram rates in Gramin Bank of Aryavart varies depending on the purity of your Gold and the price of the gold prevailing in the market.
✅ What is Gramin Bank of Aryavart Gold Loan?
Gramin Bank of Aryavart gives the facility of Gold Loan at a competitive rate of interest for fulfilling the emergency requirement of funds of the borrower. The bank provides convenient methods for repayment and the facility of renewal as well.
✅ What is the Gold Loan interest rate in Gramin Bank of Aryavart?
The rate of Interest charged by the bank on Loan against Gold depends upon the amount of the loan that is to be borrowed. The rate of interest starts at 7% per annum. The bank also charges low processing fees.
