GET GOLD LOAN
AT LOWEST INTEREST RATE

⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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    JK Grameen Bank Gold Loan Calculator

    What Is JK Grameen Bank Gold Loan Calculator

    Dialabank is providing a free JK Grameen Bank Gold Loan Calculator. Gold prices keep JK Grameen Bank Gold Loan Calculatorchanging and if you are thinking about getting credit for gold in your possession from the JK Grameen Bank or any bank or financial institute, use JK Grameen Bank Gold Loan Calculator to calculate your EMIs.

    Gold rates are increasing in India. JK Grameen Bank Gold Loan Calculator can help you find the best value for your gold with today’s price.

    JK Grameen Bank Gold Loan Calculator is a user-friendly tool, and there are no limits to use it to calculate and compare the interest rate provided by multiple banks. JK Grameen Bank Gold Loan Calculator is available on Dialabank; you can use it whenever you want, and you can find the right amount you will pay every month on your loan.

    JK Grameen Bank Gold Loan Calculator can also help you compare the interest rates of various banks for better results and accurate EMI information; use the JK Grameen Bank Gold Loan Calculator tool by Dialabank.

    For Other banks like Vananchal Gramin Bank visit Dialabank.

    About Gold Loan

    Getting a gold loan from JK Grameen Bank Gold Loan Calculator is a quick process with less paperwork. Suppose you choose Dialabank for your Gold Loan. In that case, the gold loan will be processed within a moment, and you can use the JK Grameen Bank Gold Loan Calculator to calculate and find the exact amount you will have to pay; you can also get the help of our expert with complete assistance and updates which will be essential for you.

    JK Grameen Bank Gold Loan Calculator deals with all changes in the gold rate.

    Individuals desire to buy gold is mostly for gifts or wearing it on a special occasion, but it’s expensive, limiting your capacity to buy the gold to make these possible JK Grameen Bank is providing the gold loan.

    The bank offers you money by keeping your gold as collateral. You will get back your gold after a predetermined period; in case of bullet repayment, the date is flexible, and you get the freedom to decide the date.

    You can compare different interest rates offered by various banks around you with the help of the JK Grameen Bank Gold Loan Calculator. You can calculate different interest rates, tenure, or combine both provided by various banks in India.

    Why Is Gold Loan Preferred?

    • Flexibility: You get to choose the maturity date in bullet repayment.
    • Low interest: The rate of interest for gold loans is lower than other Loans.
    • Prepayment charges: Prepayment charges are NIL
    • Documents: A simple procedure and less document work.
    • Speed: JK Grameen Bank Gold Loan will provide you credit in a speedy process as the gold loan is secured

    Benefits of Using JK Grameen Bank Gold Loan Calculator 

    The benefits of the JK Grameen Bank Gold Loan Calculator are as follow:

    • Best value: JK Grameen Bank Gold Loan Calculator will give the best value for your gold according to the current gold rate.
    • Quick Results: JK Grameen Bank Gold Loan Calculator is a tool that provides you with the answer in seconds.
    • Accurate: JK Grameen Bank Gold Loan Calculator delivers the precise amount you need without any mistakes.
    • Latest price: JK Grameen Bank Gold Loan Calculator is a tool developed to automatically adjust the calculation to the trending gold price in India.

    Gold Loan Eligibility Criteria

    • Age: If you are Indian, you can get a loan starting with a minimum age of 21 with a maximum age of 70.
    • Loan Amount: JK Grameen Bank Gold Loan provide loan up to 15 lakhs
    • Employment Requirements: Salaried individual or self-employed.
    • Gold as a Security: The gold deposited should be minimum of 18 carats minimum weight of 10 grams.
    • CIBIL Score Requirements: Required CIBIL score is above 500
    • Documents Required: 2 passport size photos, Aadhar Card or any ID proof, residential proof in case of rent, electric or water bills for last three months, agriculture land ownership proof for agriculture.

    Gold Loan Eligibility Calculator

    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.

    JK Grameen Bank Gold Loan Calculator

    Gold Loan EMI Payments

    Advantages:

    • Easy payment: Instead of paying the whole amount, you get at least three months to pay the bank.
    • Tenure: The tenure for JK Grameen Bank Gold Loan is flexible 3 to 12 months.
    • Low interest: The interest rate is low. JK Grameen Bank Gold Loan interest rate is 0.79% per month.
    • Scheme: Nowadays, various banks provide disparate schemes suitable for all individuals.
    • Visit Dialabank for JK Grameen Bank Gold Loan Calculator

    Disadvantages:

    • Monthly payment: Monthly deduction can be a hassle.

    What Is Bullet Repayment Scheme

    Bullet repayment scheme refers to paying the principal amount on its maturity date that was decided by you initially; the repayment is flexible as you choose the date you need to make full payment of the gold instead of making payments every month.

    It is suitable for people who want to get a loan for a short time; bullet repayment can help you save your money on interest, and you can get rid of monthly payments.

    Banks offer two types of repayment EMI and bullet repayment schemes. EMI is the amount you need to pay every month for at least six months; in most cases, in case of bullet repayment, you don’t have to pay these EMIs you get the freedom to pay the amount on the selected maturity date. Some charges and interest may be charged as you get the flexibility of repayment.

    EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison

    Monthly Payment EMI Scheme (₹)
    Bullet Repayment (₹)
    Month 1 27007 3625
    Month 2 27007 3625
    Month 3 27007 3625
    Month 4 27007 3625
    Month 5 27007 3625
    Month 6 27007 3625
    Month 7 27007 3625
    Month 8 27007 3625
    Month 9 27007 3625
    Month 10 27007 3625
    Month 11 27007 3625
    Month 12 27007 3625
    Bullet Payment (At the end of 12 months)
      ₹ 3 Lakh
    Total Payment ₹ 3.24 Lakh ₹ 3.44 Lakh

    Why Opt for A Bullet Repayment Scheme?

    Here is why you should consider bullet repayment schemes:

    • No EMIs: No monthly payments in case of bullet repayment scheme
    • Short period loan: If you are looking for a short duration loan, you can save a lot of money.
    • Flexible repayment schedule: Bullet repayment gives you the freedom of repayment.

    Why Not Opt for A Bullet Repayment Scheme?

    • Interest: The bank may charge you more interest as you get the freedom of maturity date.
    • Repayments: It can backfire on you if you miss the repayment

    Compare Gold Loan Rate Per Gram and Lowest EMI of All Banks

    Bank Interest Rate Lowest EMI Per Lakh
    Eligible Loan Amount For Max Tenure
    SBI Gold Loan 7.50% Rs. 3,111
    Rs. 20 Lakh for 36 months
    Muthoot Gold Loan 11.99% Rs. 3,321
    Rs. 50 Lakh for 36 months
    Manappuram Gold Loan 12.00% Rs. 8,885
    Rs. 1 Cr for 12 months
    HDFC Bank Gold Loan 9.90% Rs. 4,591
    Rs. 50 Lakh for 24 months
    Yes Bank Gold Loan 9.99% Rs. 3,226
    Rs. 50 Lakh for 36 months
    ICICI Bank Gold Loan 10.00% Rs. 8,792
    Rs. 15 Lakh for 12 months
    Federal Bank Gold Loan 8.50% Rs. 8,722
    Rs. 75 Lakh for 12 months
    Canara Bank Gold Loan 7.65% Rs. 8,683
    Rs. 10 Lakh for 12 months
    Andhra Bank Gold Loan 10.70% Rs. 8,824
    Rs. 2 Cr for 12 months
    Axis Bank Gold Loan 13.00% Rs. 4,754
    Rs. 20 Lakh for 24 months
    IndusInd Bank Gold Loan 10.00% Rs. 8,792
    Rs. 10 Lakh for 12 months
    PNB Gold Loan 8.75% Rs. 8,734
    Rs. 10 Lakh for 12 months
    Fincare Small Finance Bank Gold Loan 12.99% Rs. 11,721
    Rs. 40 Lakh for 9 Months

    How Does Dialabank’s Gold Loan Calculator Work?

    You need to put the following detail:

    • The interest rate offered by the banks/lenderDialabank Calculator
    • The loan amount of the subscribed or required Gold loan principal
    • The duration of the loan

    After you input all the details mentioned above, the calculator will show your monthly repayments instantly. You can use the Gold Loan Calculator, visit Dialabank,

    Why Should You Use The Calculator Tool by Dialabank?

    To calculate the Gold Loan (EMIs) Equated Monthly Installments, the calculator tool can be helpful in several ways:

    • The tool is 100 per cent accurate.
    • Instant results help in saving your time.
    • It works with all changes in the current gold price.
    • It also allows you to try various options provided by all banks to find the Gold loan suitable for you.
    • You get the exact amount you are going to pay, and you can plan your budget accordingly.

    FAQs About JK Grameen Bank Gold Loan Calculator

    ✅ Advantages of Calculator tool By DialaBank?

    Advantages are as follow:

    • It saves you from hours of work and faulty calculations.
    • It works with the current gold price.
    • It also allows you to try different options available to find the Gold loan suitable for you.
    • By knowing the exact amount of EMI, you can adjust your monthly budget.

     How to pay Gold Loan Online?

    You have an option to pay a gold loan online through online repayment applications.

    Read More: Best Methods of Repaying Gold Loan

     What are the Chances of Facing Rejection?

    The loan is processed for disbursement only after proper verification of the gold supplied. Suppose it is discovered that the gold item is fraudulent, stolen, or missing a bill, or that the documents are not authentic, the odds of rejection increase. Otherwise, because the loan is granted based on gold grade and simple KYC paperwork, there is a trivial risk of it being denied.

     Do I Need to be an Existing Customer of a Bank to Avail a Gold Loan?

    Some banks may need you to be a current client to receive certain benefits from a gold loan. On the other hand, many other banks do not require you to be a customer to apply for a gold loan. If you search for a gold loan outside your regular bank, reputable non-bank financial companies (NBFCs) are another choice.