⍟  Lowest Interest Rate of 0.79% p.m.
⍟  Highest Rate Per Gram ₹ 4,680
⍟  No Melting of Your Gold
⍟  Get Loan in 1 Visit Only
⍟  100% Safety of Your Gold (kept in Bank Locker)

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Utkal Grameen Bank Gold Loan

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Utkal Grameen Bank Gold Loan Key Features – Apply Loan

Utkal Grameen Bank Gold Loan Interest Rate Starting 7.0% per annum
Utkal Grameen Bank Gold Loan Rate Per Gram Rate Per Gram Today is ₹ 5,121
Utkal Grameen Bank Gold Requirement Minimum 18 Carat
Utkal Grameen Bank Gold Loan Processing Fee 1% of the Principal Loan Amount
Utkal Grameen Bank Minimum Loan Amount 70% LTV on Your Gold Market Price
Utkal Grameen Bank Maximum Loan Amount Up to Rs. 1 Crore (With Income Proof)
Utkal Grameen Bank Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Utkal Grameen Bank Repayment Tenure 12 Months to 48 Months
Utkal Grameen Bank Gold Loan Schemes Bullet Payment Scheme, EMI Scheme

Advantages of Utkal Grameen Bank Gold Loan

Advantages of Utkal Grameen Bank Gold Loan via Dialabank

  • Fast Process: This is a  secured loan. Therefore, you can get your Gold Loan disbursed in just 30 minutes
  • Transparent System: The system of the gold loan is evident. Therefore, there are no hidden norms
  • 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.
  • Advantage on the rate of interest for Farmers: The farmers are given a rebate on the interest rate on availing this service.
  • No Income bounds: There are no restrictions on the salary or income of the applicant; hence, anyone with any income rage can avail a Utkal Grameen Bank Gold Loan.
  • Low Rate of Interest: The applicant will have to pay the least interest rate in comparison to other loans.
  • Security of Assets: The applicant does not have to worry about the safety of the ornaments as it is the headache of the bank and not the owner.
  • Minimal Documents: The applicant has to submit very fewer documents to avail a Utkal Grameen Bank Gold Loan, which makes it a hassle-free service.
  • Foreclosure charges: The bank charges 0.50% of the principal amount as foreclosure charges.

How Much Can I Get Through Utkal Grameen Bank Gold Loan?

Utkal Gramin Bank Gold Loan Rates/ Gram – updated Jan 2021
Weight Loan on 18Cr gold Loan on 20Cr gold Loan on 22Cr gold Loan on 24Cr Gold
1 gm 2452 2734 3017 3299
10 gms 24520 27340 30170 32990
20 gms 49040 54680 60340 65980
30 gms 73560 82020 90510 98970
50 gms 122600 136700 150850 164950
100 gms 245200 273400 301700 329900
200 gms 490400 546800 603400 659800
300 gms 735600 820200 905100 989700
500 gms 1226000 1367000 1508500 1649500

About Utkal Grameen Bank Gold Loan

Utkal Grameen bank Gold Loan

Utkal Grameen Bank is a rural bank in the state of Odisha. The bank was established in 2012 after the merger of Rushikulya Gramya Bank and Utkal Gramya Bank. The bank is owned by the Government of India, Government of Odisha and State Bank of India. Also, the head office of the bank is in Bolangir, and also it operates in 17 districts of Odisha State. Finally, there are a lot of financial services provided by this bank, namely, Gold Loan, Home Loan, Personal Loan and many more.

Eligibility of Utkal Grameen Bank Gold Loan

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

Utkal Grameen Bank Gold Loan Documents Required

Photographs
2 Passport-Sized latest coloured photos
Identity Proof
Aadhar Card, Passport, PAN Card, etc. (Only one 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 one is required)
Agricultural Land Proof
Only needed 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)

Interest Rate of Utkal Grameen Bank Gold Loan

Gold Loan Rate 10.50-12% p.a.
Repayment Scheme
Bullet Repayment Scheme, Overdraft Scheme
Prepayment Charges 0 – 2 %.
Service Charges variable
Document Charges variable
Gold Valuation Charges variable
Processing Fee 0

Types of Utkal Grameen Bank Gold Loan

  • Agricultural purpose: Utkal Grameen Bank offers loan against gold for agrarian purposes at a meagre rate of interest.
  • Non-Agricultural purpose: The rate of interest by Utkal Grameen Bank are slightly higher for non-agricultural purpose loans.

Utkal Grameen Bank Gold Loan Apply Online

  • Visit Dialabank‘s website.
  • Fill a gold loan application form.
  • Our relationship manager will contact you on your provided number.
  • With the help of our experts, find and choose the best gold loan for yourself.

Utkal Grameen Bank Gold Loan EMI Calculator

Rate 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

How to Pay Your Utkal Grameen Bank Gold Loan EMI?

  1. Standing Instruction (SI): for Utkal Grameen Bank record holders.
  2. Electronic Clearing Service (ECS): for non-Utkal Grameen Bank account holders.
  3. Post-Dated Checks (PDC): to enable post-dated EMI cheques from a non-Utkal Grameen Bank account.

Utkal Grameen Bank Gold Loan Contact Number

For any assistance regarding a Jewel loan in Utkal Grameen Bank, you can contact on the number 9878981144.

Gold Ornaments Accepted by Utkal Grameen Bank

All kinds of gold jewellery such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, (18-24 carats) all of these are accepted for availing a Gold Loan.

Uses of Utkal Grameen Bank Gold Loan

  • To finance personal expenses like vacation expenses, tuition fees etc.
  • Finance business needs like buying inventory, plant etc.
  • Gold against the loan for agricultural purposes.

Utkal Grameen Bank Agricultural Jewel Loan Scheme

Scheme  Agricultural Jewel Loan Scheme
Interest Rate  Starting from 7% (depends on the sum of the loan
Least amount of Loan Depends on the value of  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 Utkal Grameen Bank Agricultural Jewel Loan Scheme

  • There is no processing fee up to ₹ 25,000
  • 0.30% of the credit aggregate, Minimum of ₹ 300 charge is material to the complete going from above ₹  25,000 – not really ₹ 5 lakh
  • 0.28% of the credit complete, subject to at any rate Rs.1,500 is proper to the total more than Rs.5 lakh regardless under Rs.1 crore

Utkal Grameen Bank Gold Loan Overdraft Scheme

The Bank offers an Overdraft Scheme given with an improvement total as an overdraft office. It works like a Credit Card, where you can spend your Gold Loan Amount as you need at the point any place. The general advancement aggregate will have a Credit/Loan Limit.

FAQs About Utkal Grameen Bank Gold Loan

What is Utkal Grameen Bank Gold Loan?

Utkal Grameen Bank Gold Loan is a loan against a gold scheme that comes with the maximum funding of 75% of the total market value of your gold. The loan amount can be used for all your personal and business needs. Gold Loan by Utkal Grameen Bank is a financial product that can fulfil your short term fiscal requirements. If you are above 18 years and are a permanent resident of the country with possession of gold, you can apply for Utkal Grameen Bank Gold Loan.

How can I get a Gold Loan from Utkal Grameen Bank?

  • Fill in your required information in the gold loan form available on Dialabank.
  • Our trained Relationship Manager will help you find the best offers in 2020.
  • We will suggest you the loan according to your eligibility.
  • Kindly visit the nearest assigned branch by the manager.
  • Get the loan in your accounts instantly.

How much Gold Loan can I get per gram in Utkal Grameen Bank?

 Per gram gold loan rates in Utkal Grameen Bank varies according to the purity of your gold and the current prevailing market rates. Rs. 2,464 to Rs. 3,311 based on the purity of gold is the amount you can get.

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

Utkal Grameen Bank Gold Loan interest rate can be as low as 10.75% per annum depending on the amount and the purpose of your loan. They also charge some documentation, valuation, and processing fee from the applicant.

 How to calculate Gold Loan Interest in Utkal Grameen Bank?

You can easily calculate the interest rate on gold loan  in Utkal Grameen Bank by subtracting the principal amount from the total sum to be paid.

What is maximum loan amount I can avail on Gold Loan from Utkal Grameen Bank?

You can get a maximum amount of Rs 1 crore on a Utkal Grameen Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value.

  How much is Processing Fee applicable on Utkal Grameen Bank Gold Loan?

No processing fee on the loan amount is charged.

 How to pay Utkal Grameen Bank Gold Loan Interest online?

For Utkal Grameen Bank account holders, online payments can be made through the bank’s online portal or mobile application via net banking, debit cards or mobile wallets such as Paytm.

What if I cannot pay the interest on Utkal Grameen Bank Gold Loan for 3 months?

If someone defaults on the payments of Utkal Grameen Bank Gold Loan interest for 3 months, a penalty fee will be charged by Utkal Grameen Bank. Many defaults can lead to the bank selling off your gold jewellery.

How can I apply for EMI Moratorium on Utkal Grameen Bank Gold Loan?

You can apply for EMI Moratorium on Utkal Grameen Bank Gold loan online by logging in to the bank’s portal with your credentials or by personally visiting the main branch. The moratorium request should be submitted at least five working days before the due date of your EMI.

What is an overdraft scheme for Utkal Grameen Bank Gold Loan?

Utkal Grameen Bank offers an Overdraft Scheme. In the Gold Loan Overdraft office, the bank charges pay essentially on the complete you pull out/use.

What is the customer care number for Utkal Grameen Bank Gold Loan?

Call 9878981144 for any query.

What is the foreclosure procedure for Utkal Grameen Bank Gold Loan?

The Bank empowers a borrower to .50% on the key excellent if there should be an event of a Gold Loan Foreclosure.

What is the Utkal Grameen Bank Gold Loan closure procedure?

The Gold loan account closes after the loan payment is done in full.

✅ What is Utkal Grameen Bank Gold Loan Preclosure charges?

The Bank preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)

 What is the maximum gold loan tenure?

The maximum gold loan tenure is 48 months.

 What is the minimum gold loan tenure?

The minimum gold loan tenure is 12 months.

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