Uttarbanga Kshetriya Gramin Bank Gold Loan Features
Uttarbanga Kshetriya Gramin Bank Gold Loan is offered at an interest rate 
of 14.75%. for a period of 12 months. Uttarbanga Kshetriya Gramin Bank is a regional rural bank operating in five districts of West Bengal, with its head office at Coochbehar.
Gold Loan is a secured loan that is offered by pledging your gold ornaments with the bank as collateral. After a proper evaluation of your gold is done by the bank, the loan amount is ascertained.
The various features of Uttarbanga Kshetriya Gramin Bank Gold Loan are:
- Attractive competitive interest rates.
- Fast and simple documentation.
- Any Indian individual resident permanently within a maximum distance of 10 km from the branch is eligible for the Gold Loan.
- The maximum loan amount is ₹ 100,000 per borrower.
- The repayment period is 12 months.
- The purpose is to demand a loan.
Uttarbanga Kshetriya Gramin Bank Gold Loan Eligibility
| Minimum and Maximum Age |
21 Yrs – 65 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.
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Uttarbanga Kshetriya Gramin Bank Gold Loan Documents Required
| List of Documents |
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Passport (Not expired)
Driving license (Not expired) Voters’ ID Card Aadhaar Card issued by UIDAI PAN (Permanent Account Number) Card (along with any of the above-mentioned documents) or Form 60 One Passport Size Photograph Agri Allied Occupation Documentation( in case of bullet repayment for agriculture customers) |
Uttarbanga Kshetriya Gramin Bank Gold Loan Approval Process
- Visit the nearest branch of the bank.
- Fill out the application to apply for Gold Loan.
- Provide all necessary documents like KYC Documents, etc. to the bank.
- Take your gold to the bank for its evaluation.
- Evaluate and negotiate loan terms with the bank’s representative like loan amount, tenure, payment options, fees if any, etc.
- After due evaluation of your application, the loan will be granted to you.
You can also apply with Dialabank for a hassle-free process or simply call us at 9878981166.
FAQs on Uttarbanga Kshetriya Gramin Bank Gold Loan Approval Process
✅ Are pledged gold ornaments safe with the bank?
Absolutely! Your pledged gold ornaments are stored with the bank in strong lockers/rooms which is also equipped with CCTV surveillance. Moreover, the pledged gold ornaments are insured for full value.
✅ When do I have to repay my Gold Loan?
The Gold Loan has to be paid at the end of your tenure. Only the interest amount has to be paid periodically which is subject to the terms and conditions of your bank.
✅ What are the interest rates offered by banks for Gold Loan?
The interest rates amount varies from bank to bank. You can check the Gold Loan interest rates of various banks here with Dialabank.
