IDFC First Bank Gold Loan

IDFC First Bank Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged with 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 IDFC First Bank are lower in comparison to other loans because it is a fully secured loan.

Types of IDFC First Bank Gold Loan

• Agricultural purpose: loan against gold is offered by IDFC First Bank for agricultural purposes at a lower rate of interest.
• Non-Agricultural purpose: The rates of interest offered by IDFC First Bank are slightly higher for non-agricultural purpose loans.

Apply IDFC First Bank Loan Against Gold Online

The process of applying online is quite easy with DialaBank. Just visit the website and fill in details like name, location, contact number in the form available. The relationship manager will get in touch with you over your provided number regarding your application.

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IDFC First Bank Gold Loan EMI Calculator

How to Pay Your IDFC First Bank Gold Loan EMI?

Your IDFC First Bank gold advance can be reimbursed in the following three different ways.

1. Standing Instruction (SI): If you are a current record holder with IDFC First Bank, Standing Instruction is the best method of repayment.
2. Electronic Clearing Service (ECS): This mode can be utilised if you have a non-IDFC First Bank account and might want your EMIs to be charged consequently toward the finish of the month to month cycle from this record.

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Gold Loan agent Contact Number

For any assistance in case of the gold loan required you may contact on the number 9878981144.

Gold Ornaments Accepted by IDFC First Bank

Any form of gold jewellery is accepted by the bank as collateral.

The quality of gold should lie between 18 Carat to 22 Carat.

Use of IDFC First Bank Gold Loan

The funds acquired by availing the IDFC First Bank Gold Loan service can be used for a number of purposes such as:

• To finance any personal expenses such as a wedding, travel, payment of higher education fees, and etc. 
• For all your business needs such as buying raw material, expansion of business, and etc.
• You can also avail a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.
  
  
  
  
  

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IDFC First Bank Agricultural Jewel Loan Scheme

Benefits of IDFC First Bank Agricultural Jewel Loan Scheme

• IDFC First Bank does not charge a processing fee up to ₹ 25,000
• 0.30% of the loan amount, Minimum of ₹ 300 is charged 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

IDFC First Bank Gold Loan Overdraft Scheme

IDFC First Bank offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Muthoot Finance Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQs About IDFC First Bank Gold Loan

✅ What is IDFC First Bank Gold Loan?

IDFC First Bank Gold Loan is a scheme through which you can avail quick disbursing loans against your Gold ornaments. Maximum funding of 75% of your gold’s market price with a competitive rate of interest can be availed by visiting the nearest bank branch.

✅ How can I get Gold Loan?

You can avail Gold Loan in 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 personal 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 IDFC First Bank?

Per gram rate of Gold Loan varies depending on your Gold’s purity. The IDFC First Bank offers Rs 5,121 for per gram gold.

✅ How does IDFC First Bank Gold Loan work?

The IDFC First 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 IDFC First Bank?

The rate of interest for Gold Loan in IDFC First Bank starts from 7.0% per annum depending on the weight and purity of the pledged gold.

✅ How to check IDFC First Bank Gold Loan status?

IDFC First Bank Gold Loan status can be easily checked by contacting your loan officer.

✅  How to calculate Gold Loan Interest in IDFC First Bank?

You can easily calculate the gold loan interest rate in IDFC First 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 IDFC First Bank?

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

✅ What is the loan tenure of IDFC First Bank Gold Loan?

The maximum tenure of your IDFC First Bank Bank Gold Loan is up to 12 months. However, you’ll be required to renew your loan plan after a year.

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

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

✅ How to renew IDFC Bank Gold Loan?

You can renew your IDFC First Bank Gold Loan by visiting the loan branch with your loan documents. A small renewal fee might be charged and after the revaluation of your pledged gold, the loan will be renewed for another term.

✅ How to renew IDFC First Bank Gold Loan online?

IDFC First Bank Gold Loan can be renewed by visiting the branch and contacting the loan officer. You may be required to pay a renewal fee.

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

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

✅ What are the charges for Prepayment in IDFC First Bank Gold Loan?

IDFC First Bank charges nothing for prepayment of the gold loan.

✅ How to pay IDFC First Bank Gold Loan Interest online?

You can pay IDFC First Bank through a Standing Instruction on your IDFC First Bank account or an ECS on another bank’s account for the automated deduction of EMIs.

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

If someone defaults on the payments of IDFC First 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.

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

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

✅How to pay IDFC First Bank Gold loan through credit card?

As per RBI Guidelines, IDFC First Bank Gold loan cannot be repaid via credit cards. Other payments modes such as net banking, debits cards, cheques, DDs can be used for loan repayment.

✅What is the Overdraft Scheme for IDFC First Bank Gold Loan?

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

✅What is the IDFC First Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

✅What is the IDFC First Bank customer care number?

The IDFC First Bank customer care number is 9878981144

✅ What is IDFC First Bank Gold Loan Preclosure charges?

There are no preclosure charges for the IDFC First Bank Gold Loan.

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure is up to 36 months

✅ What is the minimum gold loan tenure?

The minimum gold loan tenure is 3 months.

✅ What are the foreclosure charges in IDFC First Bank Gold Loan?

The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure