Odisha Gramya Bank Gold Loan Key Features – Apply Now
|Odisha Gramya Bank Gold Loan Collateral||Gold ornaments|
|Odisha Gramya Bank Gold Loan per gram||₹ 2,900 to ₹ 3,450 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 Interest Rates
In general Loan on Gold, 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 loan.
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||5.88% per annum|
Bullet Repayment Scheme, Overdraft Scheme
|Prepayment Charges||0 – 2 %.|
|Gold Valuation Charges||variable|
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 Mar 28 2023
Advantages of Odisha Gramya Bank Gold Loan
- 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 an 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|
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Gold ornaments (18-22 carats)
|CIBIL score||Above 500|
Odisha Gramya Bank Bank Gold Loan At Home
With the changing requirements of the times, Odisha Gramya Bank Bank has devised a simple yet effective solution that will simplify your life. Just as you can get groceries, clothes, and other necessities delivered to your door, you can now acquire a gold loan from the comfort of your own home.
Odisha Gramya Bank Gold Loan At Home is a one-step option if you are in urgent need of finances, are too busy to visit a bank, or prefer social distancing. The procedure is simple to follow. To apply for a gold loan, you must first contact us by phone. Our executive from the nearest branch will pay you a visit as soon as possible.
Following are some of the benefits of Odisha Gramya Bank Gold Loan At Home:
- Faster processing
- Attractive interest rates
- Maximum value of gold
- Flexible repay tenures
- Easy payment options
- No additional charges
- 24*7 customer support
- Full security of the gold
- No hidden fees
- Service at your doorstep within 30 minutes
Documentation for Odisha Gramya Bank Gold Loan
2 Passport-Sized latest coloured photos
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
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|
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:
- Visit Dialabank
- Click on the gold loan link on the homepage.
- Fill the given form. Mention your phone number.
- We will call you and be with you every step of the way.
- 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 5.88% 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 of a maximum of ₹5 lacs at an attractive rate of interest for a tenure of maximum of 36 months and can be used for agricultural as well as nonagricultural purposes.
✅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 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 the 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.