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AT LOWEST INTEREST RATE

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

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    Odisha Gramya Bank Gold Loan

    Odisha Gramya Bank Gold Loan Key Features – Apply Now

    Odisha Gramya Bank Gold Loan Collateral Gold ornaments
    Odisha Gramya Bank Gold Loan per gram ₹ 3,506 to ₹ 4,621 Depending on the purity of gold
    Odisha Gramya Bank Gold Loan Age of Borrower 18 – 70 years
    Odisha Gramya Bank Gold Loan Maximum Loan Amount Up to 5 lakhs
    Odisha Gramya Bank Gold Loan Maximum Loan to Gold Value Ratio Up to 80%
    Odisha Gramya Bank Gold Loan purity of Eligible gold 18 carat to 22-carat gold
    Odisha Gramya Bank Gold Loan Loan Tenure 6 to 36 months

    Each Feature Explained in Detail Below


    About Odisha Gramya Bank Gold Loan

    Odisha Gramya Bank Gold Loan

    Odisha Gramya Bank (OGB) is known as Regional Rural Bank (RRB) set up on 7 January 2013 with the amalgamation of Kalinga Gramya Bank, Neelachala Gramya Bank as well as  Baitarani Gramya Bank concerning provisions of RRB Act 1976.
    Odisha Gramya Bank is sponsor by Indian Overseas Bank and is jointly owned by the IOB, Government of India and Government of Odisha. The Odisha Gramya Bank (OGB) is operating in 13 districts of Odisha State with its Head Office at Bhubaneswar.
    Moreover, Odisha Gramya Bank has nine regional offices located at Balasore, Baripada, Cuttack, Chandikhol, Dhenkanal, Jashipur, Khurda, Keonjhar, and Pipli. Also, Presently it has grown to a network of 548 branch offices, of which 445 are in remote rural areas.

    Odisha Gramya Bank Gold Loan Interest Rates

    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 Loan interest rate is less than that of a personal loan or any other kind of loans.

    Though the Gold loan rate keeps on changing with the passage of time as well as person to person. Odisha Gramya Bank Gold Loan is available at 1% per month interest rate.

    Gold Loan Rate 7% per annum
    Repayment Scheme
    Bullet Repayment Scheme, Overdraft Scheme
    Prepayment Charges 0 – 2 %.
    Service Charges variable
    Document Charges variable
    Gold Valuation Charges variable
    Processing Fee 0.85%.

    How Much Gold Loan Can I Get Through Odisha Gramya Bank?

    Odisha Gramya Bank Per Gram gold loan – January 2021

    Updated - Gold Loan Per Gram Rate w.e.f Jul 24 2021

    Gold Weight Gold Purity
    24 Carat
    Gold Purity
    22 Carat
    Gold Purity
    20 Carat
    Gold Purity
    18 Carat
    1 gram 4621 4290 3900 3510
    10 gram 46210 42900 39000 35100
    20 gram 93600 85800 78000 70200
    30 gram 140400 128700 117000 105300
    40 gram 187200 171600 156000 140400
    50 gram 234000 214500 195000 175500
    100 gram 468000 429000 390000 351000
    200 gram 936000 858000 780000 702000
    300 gram 1404000 1287000 1170000 1053000
    400 gram 1872000 1716000 1560000 1404000
    500 gram 2340000 2145000 1950000 1755000

    Advantages of Odisha Gramya Bank Gold Loan

    Advantages of Odisha Gramya Bank Gold Loan via Dialabank

    • Safety of Gold – The security of your Gold Ornament is more in banks due to the proper security systems, unlike our homes.
    • Fast Process – This is a type of secured loan. Therefore, you can get your gold loan processed in as quick as 30 minutes
    • Overdraft Facility – The applicant has the option of overdraft facility that allows the applicant to enjoy cash flow anytime as per the needs.
    • Low-Interest Rates – Another feature is the rate of interest is very less in comparison to other services provided by the banks and NBFC’s
    • No Processing Charges – Surprisingly, the bank does not charge any extra cost for applying for a Gold Loan.
    • Less Documentation Process – The formalities that are to be complete are very less due to the type of service this is.
    • Flexible Tenure – Last but not least, the applicant can choose the tenure depending upon the need.
    • Foreclosure: The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

    Odisha Gramya Bank Gold Loan Eligibility

    Age 18-70 years of age
    Nationality Indian
    Employment Status
    Salaried, Self-Employed
    Gold Quality, Quantity
    Minimum 18 Carats, minimum 10 grams
    Requirements
    Gold ornaments (18-22 carats)
    CIBIL score Above 500

    Documentation for Odisha Gramya Bank Gold Loan

    Photographs
    2 Passport-Sized latest coloured photos
    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. In the case of Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
    Demand Promissory Note
    Certificate by the Jewel Appraiser (Bank will arrange)

    Odisha Gramya 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

    Odisha Gramya Bank Gold Loan Process

    The application process of the Odisha Gramya Bank is quite simple. When you submit your documents and the gold collateral, the bank weighs the gold and makes you an offer. The offer amount is 80% of the value of the jewellery you gave as collateral.
    Once you accept the offer, you have to sign some forms and agreements and your loan is approved. You also don’t have to pay the processing fee separately, it is deducted from your loan.

    Odisha Gramya Bank Gold Loan Apply Online

    To apply avail of the personalized service of Dialabank:

    1. Visit Dialabank
    2. Click on the gold loan link on the homepage.
    3. Fill the given form. Mention your phone number.
    4. We will call you and be with you every step of the way.
    5. If you have any confusion, call us instead on 9878981144.

    Uses of Odisha Gramya Bank Gold Loan

    The loan amount acquired by availing the Odisha Gramya Bank Gold Loan service can be used for several purposes such as:

    • To finance personal expenses like a wedding, travel, medical bills, etc.
    • For all your business financial requirements, such as buying raw material, inventory, etc.

    Odisha Gramya Bank Agricultural Jewel Loan Scheme

    Scheme Odisha Gramya Bank Agricultural Jewel Loan Scheme
    Interest Rate  Starting from 7% 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 Odisha Gramya Bank Agricultural Jewel Loan Scheme

    • Odisha Gramya 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.

    Odisha Gramya Bank Gold Loan Overdraft Scheme

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

    FAQs About Odisha Gramya Bank Gold Loan

    What is Odisha Gramya Bank Gold Loan?

    Odisha Gramya Bank Jewel Loan is a service for fulfilling the monetary needs of individuals when they need it the most. You can avail a maximum of ₹5 lacs at an attractive rate of interest for a tenure of maximum 36 months and can be used for agricultural as well as nonagricultural purpose.

    How much Gold Loan can I get per gram in Odisha Gramya Bank?

    The amount of Odisha Gramya Bank Gold Loan you get against 1 gram of Gold depends on the quality of your Gold and the market price of the gold. Odisha Gramya Bank gives you a funding of 80% of the total market value of your gold.

    What is the Gold Loan interest rate in Odisha Gramya Bank?

    The interest rate on gold loan  charged by the Odisha Gramya Bank on gold loans varies depending on the amount that is to be borrowed. For knowing the exact rate of interest that will be charged from you, visit the nearest branch of the bank.

    How to pay Odisha Gramya Bank Gold Loan online?

    The Odisha Gramya Bank provides you with easy payment options for paying your Gold Loan online. You can pay it through debit cards or apps such as Paytm. Call on the customer care helpline number of the bank to know the exact information.

    How to apply for Gold Loan in Odisha Gramya Bank?

    You can apply for your Gold Loan with Odisha Gramya Bank by visiting the nearest branch with your Gold ornaments. You can also apply at Dialabank’s digital platform and compare offers from all the banking and non-banking financing companies across India.

    How to renew Odisha Gramya Bank Gold Loan online?

    You can renew your Odisha Gramya Bank Gold Loan by visiting the branch and asking your loan officer for the same. A renewal form has to be submitted along with any fees as applicable. Upon revaluation of your gold new terms are decided and your loan is renewed.

    How to take Gold Loan from Odisha Gramya Bank?

    Taking Gold Loan from Odisha Gramya Bank is a convenient process. You just need to be eligible for the loan and apply for it either online or offline. The bank gives quick approval and disbursement after the evaluation of gold ornaments that are to be pledged as security, and the submission of the necessary documents.

    How to check Odisha Gramya Bank Gold Loan status?

    You can check for your Odisha Gramya Bank Gold Loan status by contacting the bank branch either in person or through customer care number. However, this is usually not necessary as a gold loan is disbursed on the same day.

    ✅How can I apply for the EMI moratorium on the Odisha Gramya Gold loan?

    You can apply for an Odisha Gramya bank gold loan EMI moratorium through the bank’s online portal. Applying for a moratorium only required your loan details. However, you can only apply for it up till 5 days before the date on which you have to pay your EMI.

    What happens if someone defaults Odisha Gramya Bank Gold Loan?

    If someone fails to pay the Odisha Gramya Bank gold loan amount due for the loan on or before the due date, the bank charges a penal fee and if these defaults are continuous the bank has the right to publically auction your gold to recover the amount.

    What is the Overdraft Scheme for Odisha Gramya Bank Gold Loan?

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

    What is the Odisha Gramya Bank Gold Loan closure procedure?

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

    What is the Odisha Gramya Bank customer care number?

    The customer care number for Odisha Gramya Bank is 9878981144.

    ✅ What is Odisha Gramya Bank Gold Loan Preclosure charges?

    The preclosure charges of the Odisha Gramya Bank are decided by the bank.

     What is the maximum gold loan tenure?

    Odisha Gramya Bank offers a maximum tenure of up to 36 months

    ✅ What is the minimum gold loan tenure?

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

    ✅ What are the foreclosure charges of the Odisha Gramya Bank Gold Loan?

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

    Other Major Gold Loan Providers

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