⍟  Lowest Interest Rate of 0.79% p.m.
⍟  Highest Rate Per Gram ₹ 5,121
⍟  No Melting of Your Gold
⍟  Get Loan in 1 Visit Only
⍟  100% Safety of Your Gold (kept in Bank Locker)

APPLY FOR

Madhya Pradesh Gramin Bank Gold Loan

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Madhya Pradesh Gramin Bank Gold Loan Key Features – Apply Now

Madhya Pradesh Gramin Bank Gold Loan Interest Rate 7.0% per annum
Madhya Pradesh Gramin Bank Gold Loan Rate Per Gram
Rate Per Gram is ₹ 5,121
Madhya Pradesh Gramin Bank Processing Fee
0.75% of the Principal Loan Amount
Madhya Pradesh Gramin Bank Maximum Loan Amount
Up to Rs. 1 Crore (With Income Proof)
Madhya Pradesh Gramin Bank Minimum Loan Amount
70% LTV
Madhya Pradesh Gramin Bank Gold Prepayment Charges
2%+GST (Within 3 Months), 0 (After 3 months)
Madhya Pradesh Gramin Bank Gold Repayment Tenure
Up to 36 Months
Madhya Pradesh Gramin Bank Gold Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

Advantages of Madhya Pradesh Gramin Bank Gold Loan

Advantages of Madhya Pradesh Gramin Gold Loan via Dialabank

  • Transparent System – Firstly, the system of the Gold Loan is very clear. Therefore, there are no hidden norms.
  • No Debt Burden – Secondly, There can be situations in which a borrower is not able to repay the gold loan amount in such a case the borrower will not be under debts as the bank will position to take  Gold jewelry.
  • Low Rate of Interest – Most importantly, the applicant will have to pay a low-interest rate in comparison to other loans.
  • The low-interest rate for Farmers – As a matter of fact, The farmers are given a rebate on the rate of interest on availing the gold loan.
  • No Income bounds – There are no restrictions on the salary or income of the borrower hence, a person with any income rage can avail of a gold loan from the bank/NBFC’s.
  • Security of Assets – One of the significant advantages, the borrower does not, has to worry about the safety of the gold ornament as it is the headache of the bank/NBFC’s and not the owner for protection of there ornament.
  • Quick Process – This is a  secured loan. Therefore, you can get your gold loan disbursed in just 30min.
  • Less Documentation process – Lastly, the applicant has to submit decidedly fewer documents to avail a gold loan which makes it a hassle-free service.
  • Foreclosure: Madhya Pradesh Gramin Bank Gold Loan enables a borrower to .50% on the key astonishing if there should be an occasion of a Gold Loan Foreclosure.

How many loans Can I Get Through Madhya Pradesh Gramin Bank Gold Loan?

  Madhya Pradesh Gramin Bank Gold Loan Rates/ Gram
Weight Loan on 18Cr gold Loan on 20Cr gold Loan on 22Cr gold Loan on 24Cr Gold
1 gm 2431 2713 2996 3278
10 gms 24310 27130 29960 32780
20 gms 48620 54260 59920 65560
30 gms 72930 81390 89880 98340
50 gms 121550 135650 149800 163900
100 gms 243100 271300 299600 327800
200 gms 486200 542600 599200 655600
300 gms 729300 813900 898800 983400
500 gms 1215500 1356500 1498000 1639000

About Madhya Pradesh Gramin Bank Gold Loan

Madhya Pradesh Gramin Bank Gold Loan

Madhya Pradesh Gramin Bank Gold loan is financial product provided by the banks/financial company to its customers. In this type of loan, you can have a loan against your gold jewelry. There is nothing to worry about even if you are not employed.

The gold loan doesn’t require the customer to be salaried or self-employed. Anybody can have a gold loan if he/she has gold of given purity.

Madhya Pradesh Gramin Bank Gold Loan Eligibility 

Madhya Pradesh Gramin 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 financial service provided by banks at low rates of interest and also requires minimal documentation for the same. Madhya Pradesh Gramin 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 the Madhya Pradesh Gramin Bank Gold Loan is: 

Age 18-75 years
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500
Nationality  Indian

Madhya Pradesh Gramin Bank Gold Loan Documents Required 

Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the Madhya Pradesh Gramin 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 Madhya Pradesh Gramin Bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures high security of your gold ornaments till the loan is closed.

Documents required for Applying for Madhya Pradesh Gramin Bank Gold Loan are :

Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID (Any one)
Residence Proof  Aadhar Card / Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Any one)
Agriculture Proof ( if applicable) Agriculture Land Ownership Proof
Photographs 2 Passport sized coloured


APPLY FOR GOLD LOAN AT 1% P.M.

Madhya Pradesh Bank Gold Loan Interest Rate

In general Loan on Gold, the credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of a personal loan or any other kind of loans. However, the Gold loan rate keeps on changing with the passage of time as well as person to person.

Madhya Pradesh Bank Gold Loan Rate 10.70% onwards
Processing Fee 0.85% of the loan amount
Loan Amount ₹ 1,000 to ₹ 1 crore
Prepayment Charges 0-2% of the outstanding principal amount

Madhya Pradesh Bank Gold Loan Apply Online

Applying for the Madhya Pradesh Bank Gold Loan service is a hassle-free and straightforward process which can be done from your home. Visit the bank’s official site and submit a form with necessary details regarding yourself and the Gold Loan to be availed. You’ll have to visit the bank with the necessary documents and your gold ornaments.

Apply via Dialabank by following the steps mentioned below to get a Gold Loan as per your requirements.

  • Visit Dialabank’s digi-platform and fill a form without doing any registration.
  • Our Relationship Manager will get in touch with you and assist you throughout the Gold Loan process and guide you in fulfilling your monetary needs.
  • You’ll get personalised service, giving you comparing options and choosing the best deal according to your requirements without any extra charges.
  • With Dialabank, you can compare the different offers and schemes from different banks based on funding provided and the rate of interest charged for choosing the best loan deal for yourself.
gold loan at 1%

Madhya Pradesh Bank Gold Loan EMI Calculator

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

How to Pay Your Madhya Pradesh Bank Gold Loan EMI?

Your Madhya Pradesh Bank gold advance can be reimbursed in the following three different ways.

  1. Standing Instruction (SI): For Madhya Pradesh Bank users.
  2. Electronic Clearing Service (ECS): For Non-Madhya Pradesh Bank users.
  3. Post-Dated Checks (PDC): You can submit post-dated EMI checks from a non-Madhya Pradesh Bank account at your closest Madhya Pradesh Bank Loan Center.

Madhya Pradesh Bank Gold Loan Contact Number

For any sort of assistance regarding Madhya Pradesh Bank gold loan, you can contact us on the number 9878981144.

Gold Ornaments Accepted by Madhya Pradesh Bank

Gold jewellery of 18-24 carats such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, all of these are accepted for availing a Gold Loan.

Uses of Madhya Pradesh Bank Gold Loan

The funds acquired by availing the Madhya Pradesh Bank Gold Loan service can be use for several reasons:

  • To finance any personal expenses like marriages, travelling, higher education fee, etc.
  • For all your business requirements, such as buying raw material, expansion of business, 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.

Know More –  Five mistakes to avoid while applying for a Gold Loan

Madhya Pradesh Gramin Bank Agricultural Jewel Loan Scheme

Scheme  Agricultural Jewel Loan Scheme
Interest Rate  Starting from 7% (depends on the sum of the loan
Least amount of Loan Depends on the value of  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 Madhya Pradesh Gramin Bank Agricultural Jewel Loan Scheme

  • There is no getting sorted out expense is legitimate up to ₹ 25,000
  • 0.30% of the credit complete, Minimum of ₹ 300 charge is material to the absolute going from above ₹  25,000 – not for the most part ₹ 5 lakh
  • 0.28% of the credit absolute, subject to at any rate Rs.1,500 is real to the total more than Rs.5 lakh regardless under Rs.1 crore

Madhya Pradesh Bank Gold Loan Overdraft Scheme

Madhya Pradesh Bank offers an Overdraft Scheme. With this, you are given an improvement supreme as an overdraft office. It works like a Credit Card, where you can spend your Gold Loan Amount as you need at point any spot. The general movement all out will have a Credit/Loan Limit. In the Madhya Pradesh Bank Gold Loan Overdraft office, the bank charges pay fundamentally on the absolute you pull out/use.

FAQs About Madhya Pradesh Bank Gold Loan

✅ What is Madhya Pradesh Bank Gold Loan?

Madhya Pradesh Bank provides Gold Loan to people aged 18-70 years at attractive interest rates depending on the amount to be sanctioned and the quality of your gold. Madhya Pradesh Bank gives gold loans starting from Rs 1000 to a maximum of Rs 1 crore with a tenure commencing between 6 to 60 months.

✅ How can I get the Gold Loan from Madhya Pradesh Bank?

You can get a gold loan from Madhya Pradesh Bank by either personally visiting any of the branches near you, or you can apply online with Dialabank by merely filling a form online. Once your documentation is verified, the loan amount will be disbursed in the account.

✅ What is Gold Loan Interest Rate in Madhya Pradesh Bank?

The gold loan interest rate in Madhya Pradesh Bank starts at 10.70% per annum.

✅ How to check Gold Loan status in Madhya Pradesh Bank?

To check your gold loan status in Madhya Pradesh Bank, just follow the steps given below:

  • Visit the Madhya Pradesh Bank web page.
  • Fill in your details and unique credentials to log in.
  • Track the status of your loan application.

✅ How to calculate Gold Loan Interest in Madhya Pradesh Bank?

You can calculate the gold loan interest on your Madhya Pradesh Bank Loan by merely subtracting the borrowed amount from the payable loan amount.

✅ What is the maximum loan amount I can avail on Gold Loan from Madhya Pradesh Bank?

You can avail a Gold Loan of up to Rs 1 crore from Madhya Pradesh Bank provided you fulfil the eligibility requirements.

✅ How much Processing Fee is applicable on Madhya Pradesh Bank Gold Loan?

The processing fee applicable to Madhya Pradesh Bank Gold Loan is 0.85% of the loan amount.

✅ What are the charges for Prepayment in Madhya Pradesh Bank Gold Loan?

The prepayment charges in Madhya Pradesh Bank Gold loan is 0-2% of the outstanding loan amount.

✅ How to renew Madhya Pradesh Bank Gold Loan Online?

To renew the Madhya Pradesh Bank loan against gold online, you will have to apply for the same on Madhya Pradesh Banks’ portal.

✅ What if I can’t pay the interest on Madhya Pradesh Bank Gold Loan for three months?

If you cannot pay your Madhya Pradesh Bank gold loan amount for three months, the bank will warn you to repay the loan amount on time. If in case you continuously make loan defaults, the bank will have all rights to sell your gold ornaments pledged.

What is an overdraft scheme for Madhya Pradesh Bank Gold Loan?

Madhya Pradesh Bank offers an Overdraft Scheme. With this, you are given an improvement supreme as an overdraft office. It works like a Credit Card, where you can spend your Gold Loan Amount as you need at point any spot.

What is the customer care number for Madhya Pradesh Bank Gold Loan?

Call at 9878981144 for any query.

What is the foreclosure procedure for Madhya Pradesh Bank Gold Loan?

Madhya Pradesh Gramin Bank Gold Loan enables a borrower to .50% on the key astonishing if there should be an occasion of a Gold Loan Foreclosure.

What is the Madhya Pradesh Bank Gold Loan maximum loan tenure?

The maximum loan tenure is up to 36 months.

What is the Madhya Pradesh Gramin Bank Gold Loan closure procedure?

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

✅ What is Madhya Pradesh Gramin Bank Gold Loan Preclosure charges?

The Preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)

 What is the minimum gold loan tenure?

The minimum gold loan tenure is 6 months.

Other Major Gold Loan Providers

 

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