Purvanchal Bank Gold Loan Key Features – Apply Now
|Purvanchal Bank Gold Loan Interest Rate||5.88% per annum|
Purvanchal Gold Loan Per Gram
|₹ 2,900 to ₹ 3,450|
Purvanchal Bank Gold Loan Processing Fee
|0.85% of the loan amount + GST|
Purvanchal Bank Gold Loan Amount
|Up to Rs. 1 crore|
Purvanchal Bank Gold Loan Prepayment Charges
Purvanchal Bank Gold Loan Repayment Tenure
Purvanchal Bank Gold Loan Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme
Benefits of Purvanchal Bank Gold Loan
- Gold Safety The safety of your Gold articles is 100% guaranteed.
- Fast Process – Purvanchal Bank Gold Loan is a type of secured loan. Therefore, you can get your gold loan processed in as quickly 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 NBFCs.
- Less and easy Documentation Process – The formalities that are to be completed are minimal due to the kind of security this loan has.
- Adaptable Tenure – The borrower can choose the tenure upon his choice.
Advantages of Purvanchal Bank Gold Loan
- Fast Process: Purvanchal Bank Gold Loan is approved and disbursed very quickly and easily. The loan gets passed in an hour.
- Fewer Documents: The documentation process is straightforward and less, vital documents are required.
- Transparent System: The bank provides full transparency to the customer; that is, there are no hidden charges.
- Amount of Loan: The minimum amount of loan that UP Gramin Bank provides to the customer is Rs. 15000. Also, It can be less than Rs 10000 in rural areas.
- Safety of Jewellery: One important thing to note is that the bank is liable entirely for the security of your gold. Thus, the gold is kept in fireproof protection.
- Loan Tenure: The tenure of the loan can be from 3 months to 2 years. Hence, You can choose according to your comforts.
- Benefits for Farmers: Purvanchal Bank provides some special offers for agricultural purposes. That is, the bank offers a slightly low Best Gold loan interest rate for a Gold loan for agricultural use.
- No Debt Burden: There can be situations in which an applicant is not able to repay the loan amount in such a case the applicant will not be under debts as the bank will only confiscate the ornaments.
- No Income bounds: There are no restrictions on the salary or income of the applicant; hence, anyone with any income range can avail of a gold loan.
- Foreclosure: Purvanchal Bank charges the borrower up to 0.50% of the outstanding principal debt in the event of a Gold Loan Foreclosure.
How many loans Can I Get Through Purvanchal Bank?
As per the ultra-modern riches prices, Purvanchal Bank affords a gold loan through thorp regarding ₹ 2,900 to ₹ 3,450. The highest Purvanchal Bank riches mortgage dimension per village lately is ₹ 2,900 to ₹ 3,450 for 22-carat jewellery considered at the most LTV concerning 75% then average gold loan expenditures of the remaining 30 days of 2021 are ₹ 2,900 to ₹ 3,450 regarding 22 carat
Purvanchal Bank Gold Loan Per Gram – Updated January 2021
Updated - Gold Loan Per Gram Rate w.e.f Jun 10 2023
|Gold Weight||Gold Purity
About Purvanchal Bank Gold Loan
Purvanchal Bank is a regional rural bank that was established after the merging of two leading local banks, namely Gorakhpur Kshetriya Bank and Basti Bank. The bank came into existence on 12 September 2005. Purvanchal Bank has its headquarter in Gorakhpur. And, it has a vast network of 571 branches in the entire state of Uttar Pradesh. The bank provides a good number of financial services like Gold Loan, Personal Loan, Home Loan, and many more.
Purvanchal Bank Gold Loan Eligibility
|Requirements||Gold ornaments (18-22 carats)|
|CIBIL score||Above 500|
Purvanchal Bank Bank Gold Loan At Home
With the changing requirements of the times, Purvanchal 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.
Purvanchal 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 Purvanchal 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
Purvanchal Bank Gold Loan Documentation
|Identity Proof||Aadhar Card/Pan Card/ Passport/ Voter ID (Anyone)|
|Residence Proof||Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Anyone)|
|Agriculture Proof ( if applicable)||Agriculture Land Ownership Proof|
|Photographs||2 Passport sized coloured|
Purvanchal Bank Gold Loan Interest Rates, Fees and Charges
|Gold Loan Rate||5.88% per annum|
|Processing Fee||0.85% of the loan amount + GST|
|Loan to Gold value||Up to 75%|
|Pre-payment Charges||0- 2%|
Types of Purvanchal Bank Gold Loan
- The agricultural loan is provided to farmers for agricultural purposes at a special rate of interest.
- Non- agricultural purpose loans against gold are provided to individuals for all kinds of purposes except agrarian purposes. The rate of interest is slightly higher.
Purvanchal Bank Gold Loan Apply Online
- Visit Dialabank
- Fill the Jewel Loan form
- Wait for our relationship manager to contact you with the best offers.
Purvanchal Bank Gold Loan EMI Calculator
|Rate of Interest||6 months||1 Yr||2 Yrs||3 Yrs|
How to Pay Your Purvanchal Bank Gold Loan EMI?
Your Purvanchal Bank gold loan can be repaid in the following ways:
- Standing Instruction (SI): If you are a current record holder with the Purvanchal Bank, Standing Instruction is the best method of repayment.
- Electronic Clearing Service (ECS): This can be utilized if you have a non-Ujivan Small Finance Bank account and might want your EMIs to be charged consequently.
Purvanchal Bank Gold Loan Contact Number
For any assistance in case of a gold loan from Purvanchal Bank required you may contact on the number 9878981144.
Gold Ornaments Accepted by Purvanchal Bank
Gold jewellery in any form like Gold Bangles, rings, anklets, and Gold necklaces, are accepted for availing a Gold Loan provided they are between 18-24 carats.
Uses of Purvanchal Bank Gold Loan
The loan amount acquired by availing the Purvanchal 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 financial business requirements, such as buying raw material, inventory, etc.
Purvanchal Bank Gold Loan Agricultural Jewel Loan Scheme
|Scheme||Purvanchal 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 Purvanchal Bank Gold Loan Agricultural Jewel Loan Scheme
- There is no processing fee is applicable up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore
Purvanchal Bank Gold Loan Overdraft Scheme
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Purvanchal bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Purvanchal Bank online banking portal and from there you can fill out a simple form and get an overdraft under your name
FAQs About Purvanchal Bank Gold Loan
✅ What is Purvanchal Bank Gold Loan?
Purvanchal Bank Gold Loan is a secured loan that can be availed by using your gold as a security with the bank. The Purvanchal Bank Gold Loan is an instant solution for all your urgent monetary needs. The rate of interest starts at 7.0% per annum with a maximum loan tenure of 12 months.
✅ How can I get Gold Loan from Purvanchal Bank?
You can avail Gold Loan from the Purvanchal Bank is a hassle-free and straightforward process:
- Fill in your vital information in the form available on Dialabank.
- Our trained Relationship Manager will get in touch with you within 30 minutes.
- We will suggest you the loan according to your requirements, in your specific city.
- Visit the assigned branch of the bank.
- Get the loan sanctioned in just 30 minutes.
✅ How much Gold Loan can I get per gram in Purvanchal Bank?
The gold loan rate per gram rate by Purvanchal Bank is₹ 2,900 to ₹ 3,450 the bank also gives a Loan to a Value of 75%.
✅ How does Purvanchal Bank Gold Loan work?
The Purvanchal Bank Gold Loan is a secure credit availing service available for those who have urgent cash requirements and can pledge gold ornaments as collateral security. Once the gold pledged with the bank is valued, the bank processes the loan amount in your indicated account immediately. Various repayment options are available for repaying the loan.
✅ What is the Gold Loan interest rate in Purvanchal Bank?
The rate of interest in Purvanchal Bank is 5.88% per annum.
✅ How to check Purvanchal Bank Gold Loan status?
Before applying for the closure of your Gold Loan, you need to make sure that you have zero pending dues. They will check for overdue amounts and charges if pending, and once the formalities are done, you will be handed over with your pledged gold.
✅ How to calculate Gold Loan Interest in Purvanchal Bank?
You can easily calculate the gold loan interest rate in Purvanchal Bank by subtracting the principal amount from the total sum to be paid.
✅ What is the maximum loan amount I can avail of on Gold Loan from Purvanchal Bank?
You can get a maximum amount of Rs 1 crore on a Purvanchal Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value.
✅ What is the loan tenure of Purvanchal Bank Gold Loan?
The maximum tenure of your Purvanchal Bank Gold Loan is up to 36 months. However, you’ll be required to renew your loan plan after a year.
✅ How much Processing Fee is applicable on Purvanchal Bank Gold Loan?
A processing fee is up to 0.85% of the loan amount + GST of the loan amount or ₹1000 whichever is higher is charged.
✅ How to renew Purvanchal Bank Gold Loan?
You can renew your Gold Loan by visiting the branch with your loan documents and applying for renewal with your banker. Your gold will be revalued, and the loan will be renewed based on new terms.
✅ What are the charges for renewal in Purvanchal Bank Gold Loan?
Bank charges approximately Rs. 250 – Rs. 500 for renewal of the gold loan.
✅ What are the charges for Pre-payment in Purvanchal Bank Gold Loan?
Purvanchal Bank charges nothing for the pre-payment of the gold loan.
✅ How to pay Purvanchal Bank Gold Loan Interest online?
The bank provides various methods to pay the loan amount such as a Standing Instruction or an ECS. For more information, contact the customer care executive of the bank or visit the branch directly.
✅ What if I can’t pay the interest on Purvanchal Bank Gold Loan for 3 months?
If someone defaults on the payments of Purvanchal Bank Gold Loan interest for 3 months, a penalty fee is charged on the total amount due, and in case of repeated defaults, the bank will have the authority to auction your gold ornaments to recover the amount publicly.
✅ How can I apply for EMI Moratorium on Purvanchal Bank Gold Loan?
You can apply for the Purvanchal Bank Gold loan moratorium online by logging in with your credentials or by personally visiting the main branch. The moratorium request has to be submitted at least five working days before the due date of your EMI.
✅ How to pay Purvanchal Bank Gold loan through a credit card?
As per RBI Guidelines, Purvanchal Bank Gold loans cannot be repaid via credit cards. Other payment modes such as net banking, debits cards, cheques, DDs can be used for loan repayment.
✅ What is the Purvanchal Bank Gold Loan customer care number?
For contacting the Purvanchal Bank Gold loan customer care just dial 9878981144.
✅ What is the Purvanchal Bank Gold Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Purvanchal Bank Gold loan account.
- Pay the pre-closure charges as per Purvanchal Bank Gold Loan.
✅ What is the Purvanchal Bank Gold Loan preclosure charge?
Purvanchal Bank does not charge any preclosure charges.
✅ What is the Purvanchal Bank Gold Loan maximum tenure?
The maximum tenure of the Purvanchal Bank Gold loan is 12 months.
✅ What is the Purvanchal Bank Gold Loan minimum tenure?
The minimum tenure for the Purvanchal Bank Gold Loan is 3 months.
✅ What are the foreclosure charges in Purvanchal Bank Gold Loan?
The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure
✅ What is the Overdraft Scheme for Purvanchal Bank Gold Loan?
Purvanchal Bank does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In the Purvanchal Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
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