Jammu and Kashmir Bank Gold Loan

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    Jammu and Kashmir Bank Gold Loan

    Jammu and Kashmir (J&K) Bank Gold Loan Key Features – Apply Now

    J&K Bank Gold Loan Interest Rate
    5.88% per annum
    J&K Bank Gold Loan Rate Per Gram
    Rate Per Gram is ₹ 2,900 to ₹ 3,450
    J&K Bank Gold Processing Fee
    1.0% of the Principal Loan Amount
    J&K Bank Maximum Loan Amount
    Up to Rs. 1 Crore
    J&K Bank Minimum Loan Amount 75%  LTV
    J&K Bank Gold Prepayment Charges
    2%+GST (Within 3 Months), 0 (After 3 months)
    J&K Bank Gold Repayment Tenure
    Up to 36 Months
    J&K Bank Gold Repayment Scheme
    Bullet Payment Scheme, Overdraft Scheme

    About Jammu and Kashmir (J&K) Bank Gold Loan

    Jammu & Kashmir is a private sector bank. The headquarters of the bank is in Srinagar. It was founded on 1st October 1938. The bank provides a lot of financial services to the customers at very reasonable rates of interest. The major products of the bank are loans, credit cards, banking, and insurances.

    Jammu and Kashmir Bank Gold Loan is a secured service provided by the bank to cope up with the financial crisis. In this, the applicant has to put ornaments of gold in the bank as collateral in return for the loan amount.

    • Jammu and Kashmir (J&K) Gold Loan Interest Rate is 5.88% per annum.
    • Jammu and Kashmir (J&K) Gold Loan Rate Per Gram is ₹ 2,900 to ₹ 3,450
    • Jammu and Kashmir (J&K) Gold Loan Tenure is up to 36 months.
    • Jammu and Kashmir (J&K) Gold Loan processing fee are Rs. 500 + GST.

    Advantages of Jammu and Kashmir (J&K) Bank Gold Loan

    Advantages of Jammu and Kashmir Bank Gold Loan via Dialabank

    • Transparent System: Jammu and Kashmir Bank has a very transparent system of Gold Loan where every fee and charge is conveyed to the customer beforehand and there are no hidden charges associated with the Gold Loan.
    • No Debt Burden: Even if the borrower is unable to pay back the amount of Gold Loan to the bank, he/she is not under debt as the bank simply auctions off the applicant’s Gold to recover the amount.
    • Low Rate of Interest: Jammu and Kashmir Bank charges low rates of interest on Gold Loan as compared to other loans as it is a fully secured form of loan and the banks have no risk in lending the amount.
    • An advantage for Farmers: Jammu and Kashmir Bank provides special rates of interest to applicants taking the Gold Loan for agricultural purposes. They just need to submit the Agricultural Land documents.
    • No Income bounds: The funds received from the loan are not restricted and can be used once completely or even partially. The banks have no control over the amount.
    • Security of Assets: The Gold assets kept as security with the bank need not be worried about. The banks keep the assets in fully secured lockers and take full responsibility for the gold ornaments.
    • Fast Process: The bank gives quick disbursal after the approval of the Gold Loan. The total process of the Gold Loan can be completed in about 90 minutes.
    • Minimal Documents: Jammu and Kashmir Bank requires a minimum amount of documents for approving any application of the loan.
    • Foreclosure charges: Jammu and Kashmir Bank charges from a Borrower about 0.50% of the loan amount as foreclosure charges.

    Use of Jammu and Kashmir (J&K) Bank Gold Loan

    You can use Jammu and Kashmir Bank Gold Loan to fulfil your personal needs. You can start a new business by using the given amount of loans. Farmers can avail of the service at special interest rates for agricultural purposes. You can also use this amount of loan to get over any financial crises you are facing. The applicant can use this loan for educational purposes. Therefore, the loan seeker can use the loan amount for any purpose and the bank does not put any restriction on its usage.

    The funds acquired by availing the Jammu and Kashmir 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 of a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities. 

    Jammu and Kashmir (J&K) Bank Gold Loan Eligibility

    Jammu and Kashmir Bank Gold Loan is a financial product provided by the 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. Jammu and Kashmir 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 Jammu and Kashmir Bank Gold Loan is: 

    Age 18-70 years of age
    Nationality Indian
    Employment Status Salaried, Self-Employed
    Gold Quality Minimum 18 Carats (owned by the applicant or a family member)
    Requirements Gold ornaments (18-22 carats)
    CIBIL score Above 500
    Maximum Loan Tenure Up to 36 months
    Minimum weight of gold 10 grams

    Jammu and Kashmir Bank Gold Loan At Home

    With the changing requirements of the times, Jammu and Kashmir Bank has devised a simple yet effective solution that will simplify your life. Just as you can get groceries, clothes, and other necessities delivered to your door, you can now acquire a gold loan from the comfort of your own home.

    Jammu and Kashmir Bank Gold Loan At Home is a one-step option if you are in urgent need of finances, are too busy to visit a bank, or prefer social distancing. The procedure is simple to follow. To apply for a gold loan, you must first contact us by phone. Our executive from the nearest branch will pay you a visit as soon as possible.

    Following are some of the benefits of Jammu and Kashmir Bank  Gold Loan At Home:

    • Faster processing
    • Attractive interest rates
    • Maximum value of gold
    • Flexible repay tenures
    • Easy payment options
    • No additional charges
    • 24*7 customer support
    • Full security of the gold
    • No hidden fees
    • Service at your doorstep within 30 minutes

    Jammu and Kashmir Bank Gold Loan Interest Rate

    Jammu and Kashmir 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 rate is offered by the Jammu and Kashmir Bank are lower in comparison to other loans because it is a fully secured loan.

    Jammu and Kashmir (J&K) Bank Gold Loan Interest Rate 5.88% per annum
    Processing Fee 1% + GST or Rs. 1000, whichever is higher
    Loan to Gold value Varies depending on the purity of gold
    Gold valuation Charges Up to Rs 5.00 lacs – Rs 500.00 + GST.
    Above Rs 5.00 lacs – Rs 700.00 + GST.
    Special Offers A discount of 50 bps to female borrowers
    Gold Required Minimum 18 Cr
    Processing Fee Rs. 500 + GST
    Prepayment/ Foreclosure Charges nil
    Repayment Tenure up to 36 Months

    Jammu and Kashmir Bank Gold Loan Documents Required

    Jammu and Kashmir Bank Gold Loan

    Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the Jammu and Kashmir 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 Jammu and Kashmir 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 Jammu and Kashmir Bank Gold Loan are :

    A duly filled and signed Gold Loan application form shall be submitted along with the following documents:

    Photographs 2 Passport-Sized photographs (latest, without glasses)
    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 utility (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 Jammu and Kashmir Bank shall be duly submitted.**

    Jammu and Kashmir (J&K) Bank Gold Loan Rate per Gram

    The amount of Gold Loan per gram that you get is directly dependent on the purity of your gold and the current prevailing rates of that purity of Gold in the market. The rate of gold changes daily in the market and therefore, the Jammu and Kashmir Bank Gold Loan Rate per Gram also varies every day. The Jammu and Kashmir Bank gives funding of up to 70% of the total market price of your Gold keeping the remaining 30% as a security margin.

    The amount that you will get for a gram of Gold varies depending on its purity and the market price for your Jammu and Kashmir (J&K) Bank Gold Loan. 

    Jammu and Kashmir Bank Gold Loan Per Gram 

    Jammu and Kashmir Bank Gold Loan Rates/ Gram
    Weight Loan on 18Cr Gold Loan on 20Cr Gold Loan on 22Cr Gold Loan on 24Cr Gold
    1 gm 2458 2740 3023 3305
    10 gms 24580 27400 30230 33050
    20 gms 49160 54800 60460 66100
    30 gms 73740 82200 90690 99150
    50 gms 122900 137000 151150 165250
    100 gms 245800 274000 302300 330500
    200 gms 491600 548000 604600 661000
    300 gms 737400 822000 906900 991500
    500 gms 1229000 1370000 1511500 1652500

    Gold Accepted by Jammu and Kashmir Bank Gold Loan

    Banks accept only gold jewellery such as necklaces, rings, anklets, bracelets etc. Banks might accept gold coins but don’t accept gold bars. Keep in mind that only the weight of gold is considered and not the weight of stones on your jewellery. 

    Gold jewellery of only 18 to 22 carats is accepted.

    How to Apply for Jammu and Kashmir (J&K) Bank Gold Loan?

    To initiate, The applicant can apply for a Gold Loan through the nearby branch of the Bank of India. To find a branch nearby, search Gold Loan near me on google. Next, google enlists all the nearby branches where one can avail of a gold loan. You can go to the most suitable branch for you and get a loan. But, this procedure is quite tiring.

    Gold Loan Apply Online

    You can also apply with Dialabank by following the below-mentioned steps to get a Gold Loan as per your need.

    • To apply for a Jammu and Kashmir Bank gold loan through Dialabank, visit the website and go to the menu where there are many loan options.
    • Choose the gold loan option.
    • Fill up your details in the space provided.
    • We will soon give you a call.
    • For any queries, contact us on 9878981144.

    GOLD LOAN @ 0.49%*

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    Why Dialabank?

    1. You can avail best deals using the personalized service offered by the Relationship Managers of Dialabank. Just visit and apply today at Dialabank.
    2. You have to fill the Jammu and Kashmir Bank Gold Loan form, and you will get a call from us automatically.
    3. You will get a gold loan at low interest rates.
    4. You don’t have to go to the Jammu and Kashmir Bank as the bank provides you with the facility of document pickup from the doorstep. However, this is only available when you apply through our digital platform.

    Jammu and Kashmir (J&K) Bank Gold Loan EMI Calculator

    You can easily check the structure of EMI, in order to repay the debts on time. Jammu and Kashmir Bank provides you with the option to check the EMI facility before availing of the service of Gold Loan.

    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

    Uses of Jammu and Kashmir Bank (J&K) Gold Loan

    There are many uses of J&K 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.
    • If you are a business person you can use it to expand your business.

    Jammu and Kashmir 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 the jewel which is being kept as security
    Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

    Benefits of Jammu and Kashmir Bank Agricultural Jewel Loan Scheme

    • No processing fee is 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

    Jammu and Kashmir Bank Gold Loan Overdraft Scheme

    Jammu and Kashmir Bank Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Gold Loan Amount as you want. The overall loan amount will have a Credit/Loan Limit. In the Jammu and Kashmir Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw.

    FAQs About Jammu and Kashmir (J&K) Gold Loan

    ✅ What is Jammu and Kashmir Bank Gold Loan?

    Jammu and Kashmir Bank Gold Loan is a credit scheme provided by the bank at competitive interest rates starting from 5.88% per annum for a tenure of 6 to 36 months. The Borrower needs to be an existing account holder with the J&K Bank to avail of a Gold Loan. The maximum loan amount is ₹15 lakhs.

    How Can I Get Gold Loan?

    You can apply online from anywhere in the world on Dialabank’s website and avail the best offers and rates from different banks across India.

    How much Gold Loan Can I get per gram from Jammu and Kashmir Bank?

    Gold Loan per gram rate from the Jammu and Kashmir Bank depends on the purity of your gold which ranges between 18K to 22K. The final loan amount is based on current Gold market rates. Jammu and Kashmir (J&K) Bank Rate Per Gram is ₹ 2,900 to ₹ 3,450.

     ✅ How Does Jammu and Kashmir Gold Loan work?

    Jammu and Kashmir Bank Gold Loan is easy to avail of credit service for urgent fund requirements. You can get a Gold Loan by visiting the bank’s branch with your gold and KYC documents. You shall be an account holder with J&K Bank to avail of this service.

    ✅ What is the Gold Loan interest rate in Jammu and Kashmir Bank?

    Jammu and Kashmir (J&K) Bank Gold Loan Interest Rate is 5.88% per annum. This interest rate depends on various factors such as your income, CIBIL score, down payment, interest type, etc. If you want to avail of a loan at low interest rates, make sure your CIBIL score is high.

    How to check gold loan status in Jammu and Kashmir Bank?

    You can check for your Jammu and Kashmir Bank Gold Loan status by contacting the bank branch either in person or through the customer care number. The status can be checked through the bank’s website by filling in the details of your loan application.

     ✅ How to calculate gold loan interest in Jammu and Kashmir Bank?

    Your gold loan interest rates in Jammu and Kashmir Bank can be calculated by subtracting the principal amount which you applied for from to total outstanding loan amount.

    What is the maximum gold loan amount I can avail of on a gold loan from Jammu and Kashmir Bank?

    You can avail of a maximum gold loan of Rs 1 crore on a gold loan from the Jammu and Kashmir Bank, up to 70% of the gold jewellery’s value.

    What is the loan tenure of the Jammu and Kashmir Bank gold loan?

    The Jammu and Kashmir Bank gold loan repayment tenure is 36 months but you can also get it renewed. You can choose your tenure.

    How much processing fee is applicable to the Jammu and Kashmir Bank Gold loan?

    The applicable processing fee on the Jammu and Kashmir bank gold loan is Rs. 500 and the applicable GST.

     What are the charges for pre-payment in the Jammu and Kashmir gold loan?

    The Jammu and Kashmir bank gold loan does not charge any prepayment or foreclosure fee. You can avail of these options for free!

    How to renew Jammu and Kashmir Gold Loan online?

    Renewal of the Jammu and Kashmir Bank Gold Loan can be done by visiting the branch with all the loan documents. The previously kept gold will be evaluated at current market prices and your loan will then be renewed for another tenure.

    How to pay Jammu and Kashmir Bank Gold loan interest online?

    You can pay the Jammu and Kashmir Bank Gold loan interest rate online through the bank’s portal using net – banking, debit cards, or through the bank’s mobile app.

    What if I can’t pay the interest on the Jammu and Kashmir Bank Gold loan for 3 months?

    If someone defaults on the interest payment of the Jammu and Kashmir Bank Gold Loan, the bank has full authority to auction your pledged gold ornaments in order to recover the loan amount. Also, defaulting on your loan reduces your credit score making it difficult to avail of loans in the future.

    How can I apply for the EMI moratorium on the Jammu and Kashmir Bank Gold loan?

    The process to apply for a Jammu and Kashmir Bank gold loan moratorium is very easy. You can apply through the bank’s website by filling in your details or by physically visiting the branch. Make sure you do it at least 5 days before the EMI repayment due date.

    How to pay the Jammu and Kashmir Bank Gold loan through a credit card?

    You cannot pay the Jammu and Kashmir Bank Gold Loan through a credit card. This option isn’t allowed by the RBI. You can use the other repayment options such as debit cards, online banking, cash, cheques, or demand drafts. You can also pay easily using PayTM.

    What is Jammu and Kashmir Bank Gold Loan Overdraft Scheme?

    Jammu and Kashmir Bank Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Gold Loan Amount as you want. The overall loan amount will have a Credit/Loan Limit. In the Jammu and Kashmir Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw.

    What is the customer care number for Jammu and Kashmir Bank Gold Loan?

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

    What is the foreclosure charge for Jammu and Kashmir Bank Gold Loan?

    Jammu and Kashmir Bank charges a borrower up to 0.50% on the principal amount as the Foreclosure charges.

    What is the Jammu and Kashmir Bank Gold Loan closure procedure?

    The Gold loan will only close after the payment is done in full.

    ✅ What are Jammu and Kashmir Bank Gold Loan Preclosure charges?

    The Bank pre-closure charges are 2%+GST (Within 3 Months), 0 (After 3 months).

     What is the maximum gold loan tenure?

    The maximum gold loan tenure is 36 months for Jammu and Kashmir Bank.

     What is the minimum gold loan tenure?

    The minimum gold loan tenure for Jammu and Kashmir Bank is 6 months.

    Other Major Gold Loan Providers

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