Nainital Bank Gold Loan

Nainital Bank Gold Loan Key Features – Apply Now

Collateral reqired	Gold ornaments
Interest Rate	7.25% per annum
Nainital Bank Gold Loan Rate per Gram	₹ 3,800 to ₹ 4,350
Age of Borrower	18 – 70 years
Maximum Loan Amount	Up to Rs. 1 crores
Maximum Loan to Gold Value Ratio	Up to 70%
purity of Eligible gold	18 carat to 22-carat gold
Maximum Loan Tenure	Up to 12 months

About Nainital Bank Gold Loan

The Nainital Bank Limited is known as a scheduled commercial bank, headquartered in Nainital, Uttarakhand, India. The bank was set up in 1922 by Gobind Bhalla Pant. The bank has 139 branches in Delhi, Haryana, and Rajasthan. Nainital Bank Gold loan is the quickest way to get funds for personal or business requirements. The funds from the loan can be used for weddings, education, business expansion, or any other similar purpose. With minimal documentation and secure storage, the Nainital Bank Gold Loan is a simple funding option to meet your needs.

• Nainital Bank Gold Loan Interest Rate is 7.25% per annum.
• Nainital Bank Gold Loan Rate Per Gram is ₹ 3,800 to ₹ 4,350.
• Nainital Bank Gold Loan Tenure is up to 12 months.
• Nainital Bank Gold Loan processing fee is 1% + GST or ₹1000 whichever is higher.

Nainital Bank Gold Loan Interest Rate

*The bank also charges documentation and gold valuation fee.

Why Should You Choose Nainital Bank Gold Loan?

There are so many banks and non-financial organizations that provide a Gold Loan. Then why should you choose Nainital Bank for a Gold Loan? Here are some reasons:

1. The bank is very dedicated to its customers.
2. High Loan amount from a minimum in thousands to a crore.
3. The bank offers Quick processing of Gold Loan.
4. A bad credit history/ CIBIL score is not an issue.
5. Instant Disbursal is given of Gold Loan by Nainital Bank.
6. The lowest interest rate is provided in Nainital Bank Gold Loan.
7. Minimum documentation is required for Nainital Bank Gold Loan.
8. Flexible repayment options.

Advantages of Nainital Bank Gold Loan

1. Instant Gold Loan: To begin with, loan on gold the bank sanctions Gold Loan quickly. The sum of the loan ranges from Rs. Ten thousand to Rs. 15 Lacs. The amount of quantity can be availed over the counter rapidly.
2. Gold Coins: Secondly, Nainital Bank Gold Loan can also be avail against the security of 24-Karat gold coins which holds complete purity issues by banks operating in India. However, the weight of gold cannot exceed more than fifty grams per customer. The rules are laid down by RBI and are subject to change.
3. Loan Tenure: Also, When it comes to availing Nainital Bank Gold Loan, then it holds the minimum duration of a half year to a most extreme of a year.
4. Attractive interest rates: the Fascinating rate of interest: On per gram of gold, the borrower can get the fascinating interest rate. Take a glimpse at the gold’s recent running interest rate.
5. Foreclosure: The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

Nainital Bank Gold Loan Eligibility

Gold Loan is a financial product provided by the Nainital 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. Nainital 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 Nainital Bank Gold Loan is: 

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality	Minimum 18 Carats
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500

A good Credit or CIBIL score is not required to apply for the Gold Loan as it is a fully secured financial service against your Gold as collateral security.

Nainital Bank Gold Loan at Home 

Gold Loan at Home is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You may use the gold loan calculator to calculate the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.

One of our representatives will contact you and arrive at your home within 30 minutes. The appropriate gold loan amount will be paid immediately to your bank account when all e-documentation and gold identification is completed at your home.

The benefits of getting a gold loan at your doorsteps are:

• Diverse Range of Gold Loan Schemes
• Your Gold will just be released the same day.
• You can get free insurance for your Gold
• There are no hidden fees.
• You will get the maximum value of your Gold
• Service at Your Door in 30 Minutes

Nainital Bank Gold Loan Documents Required

Nainital Bank offers this loan product called Gold Loan for the borrowers for satisfying their financial requirements and move with pace along with the society. The applicant is asked to keep their Gold articles as collateral with the bank in exchange for the loan funds till the end of the Loan Tenure. Nainital Bank Gold Loan process is real quick, reliable, and very minimal use of paperwork is made.

Documents required for Applying for Nainital 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 photos, clear, without spectacles
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 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 bank shall be duly submitted.**

Nainital Bank Gold Loan Process

1. The bank checks the purity of the gold to be pledged.
2. The bank verifies the market rate of gold and the price of the previous day is taken into consideration.
3. The LTV (Loan to Value) set by the RBI is 75%.
4. If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges are deducted from the total amount of your Gold Loan.
5. After signing the agreement, the loan amount is disbursed to your account.

Nainital Bank Gold Loan Rate per Gram

The purity of your Gold articles provided to the bank is the key used to decide the amount of loan that can be provided to the applicant. Nainital Bank Gold Loan Rate keeps on swinging as per the Gold Rates in the market each day. 30% is kept as the marginal security and a loan is provided up to 70% worth of your gold.

The amount that you will get for a gram of Gold varies depending on its purity and the market price for your Nainital Bank Gold Loan. 

**Keep in mind that only the weight of gold is considered and not the weight of stones on your jewellery**

How Much Can I  Get Through Nainital Bank Gold Loan 

Nainital 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

Gold Loan Apply Online

The Dialabank website makes the process a lot easier for you. All you have to do is click on the gold loan option on the homepage and fill up the form. Our team will shortlist some offers and mail them to you. Our relationship manager will give you a call and help you compare the offers.

You can also call on the number 9878981144.

Why Dialabank for online Nainital Bank Gold Loan?

• Dialabank provides you with personalized service. We are available for you every step of the way.
• We shortlist the best offers for you and help you choose the one that fits you well.
• We are here to clear up any of your queries.
• The process through Dialabank is much easier.

Use of Nainital Bank Gold Loan

The gold loan from Nainital Bank helps you in many areas of life. If you need money urgently, a gold loan is the one to go. You can use it to fund your education, a wedding in your house, expand your business, or for agriculture purposes. All you have to do is give a minimum of 10 grams of gold as collateral to the bank.

Nainital Bank Agricultural Jewel Loan Scheme

Scheme	Nainital Bank Agricultural Jewel Loan Scheme
Interest Rate	Starting from 7.25% 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 Nainital Bank Agricultural Jewel Loan Scheme

• Nainital Bank charges a processing fee of up to ₹ 500
• Minimum of ₹ 300 charge, that is 0.30% of the loan amount, applies to the amount ranging from above ₹  20,000 – less than ₹ 20 lakh
• 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore.

Nainital Bank Gold Loan Overdraft Scheme

Nainital 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 Nainital Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQs About Nainital Bank Gold Loan

✅ What is Nainital Bank Gold Loan?

Nainital Bank Gold Loans are used to fulfil any short-term emergency requirement of funds, whether personal or business. These loans are given at a low rate of interest with easy repayment options against your Gold kept as security.

✅ How Can I Get Gold Loan?

You may apply online by visiting the online platform at Dialabank to get the best deals on Gold Loan. We are available for you at all times on the number 9878981144.

✅ How much Gold Loan Can I get per gram from Nainital Bank?

Gold Loan by Nainital Bank rate per gram depends upon the quality of the gold jewellery and its worth in the market. You can get up to 70% funding of the total market value of your gold. A loan amount of a maximum of 1 crore can be applied for. Nainital Bank Gold Loan Rate Per Gram is ₹ 3,800 to ₹ 4,350.

✅ How Does Nainital Bank Gold Loan work?

gold loan by Nainital bank works in a simple manner. If you are above the age of 18 years and are a permanent resident of India with possession of Gold ornaments, you can apply for the loan by submitting a form at the nearest bank branch. The loan officer will check your documents and get the gold valuated. After the loan is approved, you get the amount in your bank account.

✅ What is the Gold Loan interest rate in Nainital Bank?

Gold Loan provided by Nainital Bank has an Interest rate of 7.25% per annum. Nainital Bank also charges you a processing fee on your loan, as well as gold valuation and service charges.

✅ How to check gold loan status in Nainital Bank?

You can check the status of your Nainital Bank gold loan through email or by visiting the branch and meeting your loan officer in person. You can also keep yourself updated and track your loan application on the bank’s website.

✅ How to calculate gold loan interest in the Nainital Bank?

Interest is the difference between the loan principal which the lender gives you and the amount which you repay.

✅ What is the maximum gold loan amount I can avail of on a gold loan from Nainital Bank?

With income proof and a stable income, it is easy for an applicant to avail of a Nainital Bank gold loan amounts up to 1 crore. However, this depends a lot on the quality of gold you give s collateral and its price in the market.

✅ What is the loan tenure of the Nainital Bank gold loan?

The loan tenure in the Nainital bank gold loan extends up to 1 year as a gold loan is a quick loan. You can also opt for renewal by paying a small fee.

✅ How much processing fee is applicable to the Nainital Bank Gold loan?

The processing fee for the Nainital Bank gold loan is the standard 1% of the loan amount plus the applicable taxes or Rs. 1000 whichever is higher.

✅ What are the charges for pre-payment in the Nainital Bank gold loan?

For prepaying your Nainital Bank gold loan, you don’t have to pay any fee.

✅ How to renew Nainital Bank Gold Loan online?

For the renewal process of your Gold Loan given by Nainital Bank, you need to visit the branch with your loan-related documents. The gold kept as security will be released and revalued and new terms for your Gold Loan will be decided.

✅ How to pay Nainital Bank Gold loan interest online?

Nainital Gold Loan provides you with easy and convenient methods to repay your Gold Loan. You can pay by giving a Standing Instruction or ECS on your bank account.

✅ What if I can’t pay the interest on the Nainital Bank Gold loan for 3 months?

If someone defaults the Gold Loan repayment of the Nainital Gold loan interest, the bank has the right to auction their gold to recover the amount. The bank will also charge some penalty fees. This will discourage many banks and NBFCs from offering you any loans in the future.

✅ How can I apply for the EMI moratorium on the Nainital Bank Gold loan?

You can apply for a Nainital gold loan moratorium very easily with Nainital Bank. All you have to do is give the bank your application details in person by visiting the bank or online on its app. The bank will only approve of a moratorium minimum of 5 days before the EMI payment due date.

✅ How to pay the Nainital Bank Gold loan through a credit card?

You cannot pay the Nainital Gold Loan through a credit card. If paying in cash is inconvenient for you, you can use debit cards, online transactions, or demand drafts. You can also pay through Paytm.

✅ What is the Overdraft Scheme for Nainital Bank Gold Loan?

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

✅ What is the Nainital Bank Gold Loan closure procedure?

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

✅ What is the Nainital Bank customer care number?

The Nainital Bank customer care number is 9878981144.

✅ What are Nainital Bank Gold Loan Preclosure charges?

The Nainital Bank decides the preclosure charges from time to time.

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure of Nainital Bank is up to 36 months

✅ What is the minimum gold loan tenure?

The minimum gold loan tenure of Nainital Bank is 12 months

✅ What are the foreclosure charges of the Nainital Bank Gold Loan?

Nainital Bank charges an interested borrower up to .50% on the principal amount in case of a Gold Loan Foreclosure.