Odisha Gramya Bank Gold Loan Approval Process

GOLD LOAN @ 0.57%*
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⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.57% p.m.

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    Odisha Gramya Bank Gold Loan Approval Process

    Odisha Gramya Bank Gold Loan Features

    If you need money for business, investment or any other purpose visit dialabank. Apply for a gold loan from Odisha Gramya Bank and get instant loan approval. A gold loan is provided by keeping your gold jewellery or ornament as security with Odisha Gramya Bank. The interest rate is lower, and the Odisha Gramya Bank Gold Loan process involves less documentation. Loan Tenure is flexible between 6 to 36 months.

    • Odisha Gramya Bank Gold Loan Approval ProcessEasy Process and instant approval: The Gold Loan process in Odisha Gramya Bank is comparatively easy and manageable.
    • Lower Interest Rate: Odisha Gramya Bank Gold Loan interest rate is lower.
    • Less Documentation: Odisha Gramya Bank Gold Loan involves less documentation and paperwork.
    • Low Processing Fee: Odisha Gramya Bank Gold Loan charges a low processing fee of 0.85%.
    • Flexible Tenure: Odisha Gramya Bank Gold Loan Tenure is flexible between 6 to 36 months.
    • Multiple Repayments Options: Odisha Gramya Bank Gold Loan offers multiple repayments options like bullet repayment, Term Loan, Regular EMI’s, and Overdraft.
    • Flexible instalment schedule: Odisha Gramya Bank Gold Loan instalments can be done daily, weekly, or monthly.
    • Maximum Gold Value: Odisha Gramya Bank provides maximum value to your gold.
    • Safe: Your Gold deposited as collateral will be stored in a unique triple-layered secure locker.

    Odisha Gramya Bank Gold Loan Eligibility

    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.

    Odisha Gramya Bank Gold Loan Documents Required

    At the time of application the following documents are required:

    • Proof of the citizenship of India
    • Duly filled application form
    • 2 passport-sized photographs
    • Applicant’s KYC documents to establish Identity and Address
    • Salary/ Income Proof
    • Witness Letter in case of illiterate borrowers
    • In the case of Agriculture Loan of more than Rs. 1 lac, land proof
    • Certificate by the Jewel Appraiser (Bank will arrange)

    At the time of disbursement the following documents are required:

    • Demand Promissory Note & Demand Promissory Note Take Delivery Letter
    • Gold Ornaments Take Delivery Letter
    • Arrangement Letter

    Odisha Gramya Bank Gold Loan Approval Process

    Visit Odisha Gramya Bank official Website or follow these Easy Odisha Gramya Bank Gold Loan Approval Process steps.

    • Visit Dialabank or call 9878981166
    • Provide some details
    • Dialabank’s Relationship Managers will reach out to you
    • Your loan will be sanctioned immediately after your documents are approved

    FAQs on Odisha Gramya Bank Gold Loan Approval Process

    What is the maximum gold loan tenure for Odisha Gramya Bank?

    Odisha Gramya Bank offers a maximum tenure of up to 36 months for a Gold Loan.

    ✅ What is the minimum gold loan tenure in Odisha Gramya Bank?

    12 months is the minimum gold loan tenure offered by the Odisha Gramya Bank.

    How can I get an easy Odisha Gramya Bank Gold Loan Approval Process?

    Visit Dialabank or call 99878981166 Odisha Gramya Bank Gold Loan Process.