There are numerous banks and non-financial organizations that provide a Gold Loan to its applicant but then why should one choose Indian Bank for a Gold Loan because it’s simply because the bank is very dedicated to its customers. The bank offers high loan amounts ranging from a minimum of thousands to 1 crore with quick processing. The Indian Bank does not consider a bad credit history or a CIBIL score as an issue. The Indian Bank provides the lowest interest rate to the borrower with the minimum documentation required and flexible repayment options.
Indian bank gold loan is a multipurpose Bank as it provides a gold loan that can be used for any legal purpose, ranging from education to construction purpose or business. The Indian Bank tries to grant a quick approval so that one can avail of Indian Bank Gold Loan without any differences and also with minimal paperwork and relaxed eligibility criteria.
Borrowers with heavy quantity can avail of a Gold loan of different classes which is subjected to their requirement and post background check. The Indian Bank Gold loan comes at an active rate of interest on the word of the Loan, Overdraft, and EMI based loan and making repayment light on the reserve. An individual can repay your gold loan in lower EMI, over a tenor of your choice. Borrowers can select to repay the gold loan at Indian Bank without any concern of prepayment charges.
The collateral as security for any gold surrendered to the Indian bank is kept safely in a locker, so one does not have to concern about the safety or security of your gold.
Indian Bank provides a quick and efficient servicing over the counter disbursement in just minimum of 50 minutes with less paperwork. The Bank aims at complete transparency of the Gold Loan rates and other charges and communication upfront in writing, along with the quotation, so applicant does not have to worry about any hidden costs or fees.