Telangana Bank Gold Loan Approval Process

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Telangana Bank Gold Loan Features

Telangana Bank Gold Loan is granted to the customers against gold as collateral, which is returned when the loan is repaid. This loan can then be used for any purpose by the borrower. Telangana Bank Gold Loan is provided at an attractive interest rate and for various purposes. No matter what occupation you belong to, whether you are a salaried, self-employed professional, entrepreneur, farmer or businessman, you can get a gold loan from Telangana Bank.

You can visit Dialabank for more information about gold loans.

Telangana 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.

Telangana 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

Telangana Bank Gold Loan Approval Process

Telangana Bank is yet to begin accepting applications for the Telangana Bank Gold Loan Approval Process online.

However, if you wish to avail of a gold loan from Telangana Bank offline, you can follow these steps:

Visit the nearest branch of the bank.
Fill up and submit the application form along with the documents required.
Get your gold ornaments checked.
Discuss the terms of the loan with the representative.
Confirm the loan and get the approval.

FAQs on Telangana Bank Gold Loan Approval Process

✅ What is the tenure for a gold loan at Telangana Bank?

The tenure of a gold loan can range from a few months to a few years. The actual tenure is determined by the bank depending on the convenience of the borrower and the loan amount.