Utkal Grameen Bank Gold Loan Approval Process

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Utkal Grameen Bank Gold Loan Features

Utkal Grameen Bank Gold Loan Approval Process is easier, and the interest rate is comparatively lower. Because a gold loan is a type of secured loan as you provide your gold as security with Utkal Grameen Bank. Therefore the Loan process is a lot easier, and funds are provided instantly. Moreover, you can repay the borrowed money in a flexible loan tenure anywhere between 12 to 48 months.

Easy Process and instant approval: Utkal Grameen Bank Gold Loan Approval Process is comparatively easy, and the loan is provided instantly.
Lower Interest Rate: Utkal Grameen Bank Gold Loan interest rate can be as low as 7%.
Less Documentation: Utkal Grameen Bank Gold Loan involves an easy documentation process and less paperwork.
No Processing Fee: Utkal Grameen Bank doesn’t charge any processing fee on gold loans.
Flexible Tenure: Utkal Grameen Bank Gold Loan Tenure is flexible between 12 to 48 months.
Multiple Repayments Options: Utkal Grameen Bank Gold Loan offers multiple repayments options like bullet repayment, Term Loan, Regular EMI, and Overdraft.
Flexible instalment schedule: Utkal Grameen Bank Gold Loan instalments can be done weekly or monthly.
Maximum Gold Value: Utkal Grameen Bank provides a maximum value of 75% on your gold loan.
Safe: Your Gold deposited with Utkal Grameen Bank as collateral will be safely stored in a unique triple-layered secure locker.

Utkal Grameen 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.

Utkal Grameen 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

Utkal Grameen Bank Gold Loan Approval Process

Visit Utkal Grameen Bank official Website or follow these Easy Utkal Grameen 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 Utkal Grameen Bank Gold Loan Approval Process

✅ How much Gold Loan can I get from Utkal Grameen Bank for each gram?

Per gram gold loan rates in Utkal Grameen Bank depends on your gold’s purity and the current prevailing market price.

✅ What is the lowest Gold Loan interest rate in Utkal Grameen Bank?

The lowest Utkal Grameen Bank Gold Loan interest rate is 7% per annum, depending on your amount and the purpose of getting your loan. They can also charge some documentation fees, processing fees and valuation fees from the applicant.