Utkarsh Small Finance Bank Gold Loan

Utkarsh Small Finance Bank Gold Loan Key Features – Apply Now

Utkarsh Small Finance Bank Gold Loan Interest Rate	5.88% per annum
Utkarsh Small Finance Bank Gold Loan Rate Per Gram	Rate Per Gram is ₹ 2,900 to ₹ 3,450
Utkarsh Small Finance Bank Gold Loan Processing Fee	2.0% of the Principal Loan Amount
Utkarsh Small Finance Bank Gold Loan Amount	Up to Rs. 1 Crore (With Income Proof)
Utkarsh Small Finance Bank Gold Loan Prepayment Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Utkarsh Small Finance Bank Gold Loan Repayment Tenure	Up to 36 Months
Utkarsh Small Finance Bank Gold Loan Repayment Scheme	Bullet Payment Scheme, Overdraft Scheme

Advantages of Utkarsh Small Finance Bank Gold Loan

• No Income and Salary Criteria: Gold loans do not require any qualifications for the income or salary of the person. So even if you are unemployed and unsalaried you can still avail of a gold loan. This is because you are pledging a valuable asset, gold in return for the money.
• CIBIL Score: Available also in case of bad credit history or low-income level.
• You need to repay only the interest: You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
• Total Convenience: The most convenient of all the loans is a gold loan because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% of its market value immediately.
• Less processing time: No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.
• Foreclosure: Bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan per gram Foreclosure.

About Utkarsh Small Finance Bank Gold Loan

Utkarsh Small Finance Bank is a private sector bank that was founded in 2016. The bank provides banking services including Loans against Gold, Car loans, Personal loans, Home loans, and Education loans. Gold Loan is a quick disbursing loan with easy documentation and low interest rates.

• Utkarsh Small Finance Bank Gold Loan Interest Rate is 5.88% per annum
• Utkarsh Small Finance Bank Gold Loan Per Gram Rate is ₹ 2,900 to ₹ 3,450
• Utkarsh Small Finance Bank Gold Loan Tenure: Up to 36 months
• Utkarsh Small Finance Bank Gold Loan Processing Fee is Up to 2.0% of the Loan Amount + GST

How Much Can Gold Loan can I  Get Through Utkarsh Small Finance Bank Gold Loan 

According to the latest gold prices, Utkarsh Small Finance Bank is offering a Gold Loan Per Gram varying between ₹ 2,900 to ₹ 3,450. The Highest Utkarsh Small Finance Bank gold loan rate per gram today is ₹ 2,900 to ₹ 3,450 for 24-carat jewellery calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2021 are ₹ 2,900 to ₹ 3,450 of 22 carats.

Utkarsh Small Finance Bank Gold Loan Per Gram

Updated - Gold Loan Per Gram Rate w.e.f Nov 27 2022
Gold Weight	Gold Purity 24 Carat	Gold Purity 22 Carat	Gold Purity 20 Carat	Gold Purity 18 Carat
1 gram	4621	4290	3900	3510
10 gram	46210	42900	39000	35100
20 gram	93600	85800	78000	70200
30 gram	140400	128700	117000	105300
40 gram	187200	171600	156000	140400
50 gram	234000	214500	195000	175500
100 gram	468000	429000	390000	351000
200 gram	936000	858000	780000	702000
300 gram	1404000	1287000	1170000	1053000
400 gram	1872000	1716000	1560000	1404000
500 gram	2340000	2145000	1950000	1755000

Utkarsh Small Finance Bank Gold Loan Eligibility

Utkarsh Small Finance Bank has some simple eligibility criteria which are easy to fulfil and can be fulfilled easily.

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality	Minimum 18 Carats
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500

Utkarsh Small Finance Bank Gold Loan Interest Rate, Fees and Charges

Utkarsh Small Finance Bank charges a low interest rate on its Gold Loan as it is a fully secured loan. Along with the interest, the bank also charges some minimal charges from the borrower based on the amount and the tenure of the loan of the borrower.

Utkarsh Small Finance Bank Gold Loan Interest Rate	5.88% per annum
Processing Fee	2.0% of the Principal Loan Amount
Prepayment/Foreclosure Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Valuation Fee	Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
Late Repayment Charges	2% p.a. + Applicable rate of interest.
Renewal Processing Fees	Rs 350 + GST

Utkarsh Small Finance Bank Gold Loan Documents Required

You can avail of a loan with Utkarsh Small Finance Bank with just the basic documentation:

Photographs	2 Passport Size
Identity Proof	Aadhar Card, Passport, PAN Card, etc. (Only 1 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 1 is required)
Agricultural Land Proof	Required only if the Loan is taken for Agricultural Purpose

Utkarsh Small Finance Bank Gold Loan Apply Online

You can easily visit the Dilabank branch in your vicinity and avail yourself of the best gold loan offers without any hassle. You can also apply online through our website without getting out of the comfort of your house. This will save you from a lot of hassle. All you have to do is:

1. Visit Dialabank and click on the gold loan option on the menu. Then you will just have to fill up a form with your personal details.
2. Our relationship manager will give you a call and will guide you every step of the way.
3. Using the information you submitted, we will shortlist the best offer for you and help you compare.
4. In case you have any queries, you can contact us at 9878981144.

Gold Ornaments Accepted by Utkarsh Small Finance Bank

Any gold jewellery such as gold bangles, gold rings, gold anklets, and gold necklaces are accepted for availing of a Gold Loan. Some banks might even accept gold coins. Gold bars are not accepted.

The gold ornaments should be 18 carats to 22 carats. Any gold ornament which is of 24 carats cannot be used for availing a gold loan.

Uses of Utkarsh Small Finance Bank Gold Loan

A gold loan can be used for any short term financial requirements and can be availed by almost everyone. It has the following uses:

• It can be used for any personal expenditure such as a wedding, a vacation, medical expenses etc.
• It can be used for any business-related expenditures such as buying raw materials or adding to fixed capital.
• Gold loans can also be used for agricultural expenditure, for which banks offer lower Gold Loan Interest rates.

Utkarsh Small Finance Bank Gold Loan EMI Calculator

Rate of Interest	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

Utkarsh Small Finance Bank Agricultural Jewel Loan Scheme

Scheme	Utkarsh Small Finance Bank Agricultural Jewel Loan Scheme
Interest Rate	Starting at 5.88% per annum
Least amount of Loan	Depends on the value of  jewel
Loan period	Adjustment of advance sum inside 2 months from the date of reap of yields

Benefits of Utkarsh Small Finance Bank Agricultural Jewel Loan Scheme

• Utkarsh Small Finance Bank does not charge a huge processing fee
• For 0.30% of the loan amount, a Minimum of ₹ 300 is charged ranging from more than ₹25,000 – less than ₹ 5 lakh
• 0.28% of the credit sum, subject to at least Rs.1,500 applicable on more than Rs.5 lakh and less than Rs.1 crore

Utkarsh Small Finance Bank Gold Loan Overdraft Scheme

In Utkarsh Small Finance Bank Gold loan, the loan amount is provided as an overdraft facility. It works as a Credit Card, where the Gold Loan Amount can be spent as per the choice of the borrower. The overall loan amount has a Credit/Loan Limit. In the Utkarsh Small Finance Bank Gold Loan Overdraft facility, the interest is charged only on the amount that is withdrawn/utilize.

FAQs About Utkarsh Small Finance Bank Gold Loan

✅ What is Utkarsh Small Finance Bank Gold Loan?

Utkarsh Small Finance Bank is a multi-purpose loan against your gold ornaments or coins which can be used to fulfil any emergency money requirements. Furthermore, the bank provides Gold Loan at a low rate of interest. It is a safe and secure method and the bank takes full responsibility for the safety of your gold ornaments.

✅ How Can I Get Gold Loan From Utkarsh Small Finance Bank?

You can get an Utkarsh Small Finance Bank gold loan by visiting the nearest branch of the bank or applying online through Dialabank‘s digital platform by filling a form with basic information to get the best offers on gold loans.

✅ How much Gold Loan Can I get per gram from Utkarsh Small Finance Bank?

You can get an Utkarsh Small Finance Bank gold loan at ₹ 2,900 to ₹ 3,450 per gram of gold. The rate of the loan per gram of gold depends upon the quality of your gold that is to be pledged by you. It also depends on the market price of gold prevailing in the market.

✅ How Does Utkarsh Small Finance Gold Loan work?

You can take an Utkarsh Small Finance Bank Gold Loan in few hours and fulfil all your monetary needs. Just visit the nearest Utkarsh Small Finance Bank branch with your Gold and start your loan application process. The disbursement occurs after verification and valuation of your pledged gold and approval of the application. You can avail of a maximum amount of Rs. 1 crore.

✅ What is the Gold Loan interest rate in Utkarsh Small Finance Bank?

The interest rate for a gold loan in Utkarsh Small Finance Bank starts at 5.88% per annum.

✅ How to check gold loan status in Utkarsh Small Finance Bank?

You can check the gold loan status in Utkarsh Small Finance Bank by emailing the bank’s executive and asking them about your application or by visiting the branch and meeting the loan officer. In most cases, the disbursal of the amount is done on the same day of the approval of the application.

 ✅ How to calculate gold loan interest in Utkarsh Small Finance Bank?

Your gold loan interest rates in Utkarsh Small Finance Bank can be calculated by subtracting the principal amount from to total amount you have to repay. You can calculate your EMIs using the EMI calculator.

✅ What is the maximum gold loan amount I can avail of on a gold loan from Utkarsh Small Finance Bank?

You can avail of a maximum of Rs 1 crore on a gold loan from Utkarsh Small Finance Bank, up to 70% of the gold jewellery’s value you gave as collateral. The bank might even let you avail of 90% of the value of jewellery in case of higher interest rates.

✅ What is the loan tenure of the Utkarsh Small Finance Bank gold loan?

The maximum gold loan repayment tenure in Utkarsh Small Finance Bank is 36 months. But you can also renew it by paying a small fee. If you opt for prepayment or foreclosure, your tenure can decrease.

 ✅ How much processing fee is applicable to the Utkarsh Small Finance Bank Gold loan?

The applicable processing fee on the Utkarsh Small Finance Bank gold loan is 2% of the outstanding loan amount.

✅ What are the charges for pre-payment in the Utkarsh Small Finance gold loan?

The prepayment charges on the Utkarsh Small Finance Bank gold loan is up to 2% of the loan amount as prepayment charges. Prepayment occurs when a borrower repays early, in part or in full.

✅ How to renew Utkarsh Small Finance Gold Loan online?

You can renew your gold loan in Utkarsh Small Finance Bank through your presence in the branch as the gold you kept earlier with the bank has to be dealt with. For detailed information, contact the customer care executive or visit the branch directly.

For renewal, the gold will have to be released and valued again at the current market prices. You may be charged a small fee and asked to fill a form for this facility.

✅ How to pay Utkarsh Small Finance Bank Gold loan interest online?

You can pay the Utkarsh Small Finance Bank Gold loan interest rate online through the bank’s portal using net – banking, debit cards, or through the bank’s mobile app.

✅ What if I can’t pay the interest on the Utkarsh Small Finance Bank Gold loan for 3 months?

If you fail to pay your Utkarsh Small Finance Bank gold loan interest for 3 months, your gold collateral will be seized and you will be served a legal notice. The bank will sell off your jewellery to recover its debt. You can also apply for a moratorium.

✅ How can I apply for the EMI moratorium on the Utkarsh Small Finance Bank Gold loan?

You can apply for an Utkarsh Small Finance Bank gold loan moratorium through the mobile app of the bank or by visiting the branch physically. However, you can only avail of this option before a minimum of 5 days of the EMI due date.

✅ How to pay the Utkarsh Small Finance Bank Gold loan through a credit card?

You don’t have the option to repay your Utkarsh Small Finance Bank gold loan through credit cards. Debit cards can be used, or cash, cheques, DDs, and net banking. You can also use Paytm.

✅ What is the Overdraft Scheme for Utkarsh Small Finance Bank Gold Loan?

Utkarsh Small Finance Bank does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In the Utkarsh Small Finance Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that you will withdraw/utilize.

✅ What is the Utkarsh Small Finance Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

✅ What is the Utkarsh Small Finance Bank customer care number?

9878981144 is the customer care number of the Utkarsh Small Finance Bank.

✅ What is Utkarsh Small Finance Bank Gold Loan Preclosure charges?

The preclosure charges of the bank are decided by them from time to time. 

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure of the Utkarsh Small Finance Bank is up to 36 months

✅ What is the minimum gold loan tenure?

The minimum gold loan tenure of the Utkarsh Small Finance Bank is 12 months

✅ What are the foreclosure charges of the Utkarsh Small Finance Bank Gold Loan?

Utkarsh Small Finance Bank charges an interested borrower up to .50% on the principal amount in case of a Gold Loan Foreclosure.

Other Major Gold Loan Providers