IndusInd Bank Gold Loan Key Features – Apply Now
| IndusInd Bank Gold Loan Interest Rate | 7.25% per annum |
| IndusInd Bank Gold Loan Rate Per Gram | The rate Per Gram is ₹ 3,800 to ₹ 4,350 |
| IndusInd Bank Gold Loan Processing Fee | 1% or ₹1000 whichever is higher |
| IndusInd Bank Gold Loan Maximum Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| IndusInd Bank Gold Loan Minimum Loan Amount | 70% LTV |
| IndusInd Bank Gold Loan Prepayment Charges | 0-2% |
| IndusInd Bank Gold Loan Repayment Tenure | Up to 36 months |
| IndusInd Bank Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
IndusInd Bank issues a Gold Loan per gram rate of ₹ 3,800 to ₹ 4,350 in line with the current gold rate. The best IndusInd Bank Gold Loan Rate per gram is ₹ 3,800 to ₹ 4,350 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 3,800 to ₹ 4,350.
Introduction to IndusInd Bank Gold Loan
IndusInd Bank offers Gold loans. Not only gold loans apart from gold loans it also offers various other loans too. It offers various low-interest rates, processing fees and high tax benefits. There are no hidden charges for these Gold Loans. And IndudInd bank provides a gold loan that has purity.
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IndusInd Bank Gold Loan Explanation
Gold Loans are loans availed by pledging your gold ornaments with a bank. IndusInd Bank gold loans can be taken for meeting urgent personal expenses like children’s education, marriage, and other financial emergencies in the family as well as for business purposes. The gold mortgaged acts as a security to the loan. Taking a loan from IndusInd Bank has the following benefits:
IndusInd Bank offers gold loans for a long tenure of up to 36 months, which allows you to repay the loan in EMIs of low amounts.
Comparison Of Bank Gold IndusInd Bank Loan With Other Banks
IndusInd Bank offers gold loans at affordable interest rates. However, you must analyze multiple banks and their offers before applying for a jewellery loan.
| Particulars | IndusInd Bank | SBI | HDFC Bank |
| Interest Rate |
7.25% per annum
|
7.25% per annum | 9.90% – 17.55% |
| Processing Fees | Up to 1% of the loan amount, minimum Rs. 750 | 0.50% of the loan amount, minimum Rs. 500 | 1.50% of the loan amount |
| Loan Tenure | 3 months to 12 months | 3 months to 36 months | 3 months to 24 months |
| Loan Amount | ₹ 10,000 to ₹ 10 Lakh | ₹ 20,000 to ₹ 20 Lakh | ₹ 25,000 to ₹ 50 Lakh |
| Foreclosure Charges | Up to 1% of the outstanding amount | Nil | Nil after 3 months |
| Repayment Options | Y | Y | Y |
| Lowest EMI Per Lakh | ₹ 8,792 per lakh | ₹ 3,111 per lakh | ₹ 4,610 per lakh |
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Tips To getting Best Gold Loan Amount Per Gram From IndusInd Bank
- IndusInd Bank accepts both hallmarked and non-hallmarked jewellery for getting a gold loan. However, you can get the highest gold loan per gram for hallmark jewellery, as it reduces the chances of under-valuation by the valuer. Also, some banks charge a lower processing fee on hallmarked gold jewellery.
- IndusInd Bank adjusts the price of 22-carat gold for the purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for a gold loan.
- IndusInd Bank will calculate the net weight of jewellery to calculate the amount of loan against the gold you can get. Always, try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. The Central Bank of India will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewellery, lower the net weight and value of jewellery which results in a lower amount of jewel loan you can are eligible to get Further, IndusInd Bank will not accept diamond jewellery if the gold used is of less than 18-carat purity. Most of the diamond jewellery is made in 16 carats to 18-carat gold and hence, will result in a very low gold loan per gram.
- Always try to get the maximum LTV on the value of gold. IndusInd Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.
What types of Gold can be used to secure Gold Loans?
The Gold purity for these gold loans ranges between 18-24 carats. As in the gold, there is no 100 purity of gold. There are some other metals in gold. So the gold loan purity is important for availing gold loans. Banks check this purity before availing gold loans as the gold is based on the purity of the gold only.
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Advantages Of IndusInd Bank Gold Loan
- IndusInd Bank Gold Loan is very easy to apply. You can apply for the Gold Loan Online within a few minutes.
- If you are eligible, your loan gets approved within 5 minutes.
- If you have complete documents, they can be disbursed very quickly.
- The bank is fully responsible for the safety of your gold ornaments. Gold assets will be kept under very tight security.
- The interest rates provided by the bank are very affordable.
- The documentation process is very less as well as simple. Bank only asks for essential documents of yours.
- Bank will not ask the reason for the gold loan. You can use this loan amount anywhere you want.
- The Bank charges up to 0.50% of the Principal amount as foreclosure charges.
How Much Gold Loan Can I Get Through IndusInd Bank Gold Loan?
Going by the latest gold prices, IndusInd Bank is offering gold loans per gram is ₹ 3,800 to ₹ 4,350. The highest IndusInd Bank gold loan rate per gram today is ₹ 3,800 to ₹ 4,350 for 24-carat jewellery calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2021 are ₹ 3,800 to ₹ 4,350 of 22 carats.
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IndusInd Bank Gold Loan Per Gram – Apr 20 2024
Updated - Gold Loan Per Gram Rate w.e.f Apr 20 2024
Gold Weight
Gold Purity
24 CaratGold Purity
22 CaratGold Purity
20 CaratGold 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
About IndusInd Bank Gold Loan
IndusInd Bank Limited is a financial organization having its headquarters in Mumbai, Maharashtra, India. The founder of Induslnd bank is Manmohan Singh inaugurated S.P Hinduja in 1994. The bank offers considerable services to the customer like commercial, transactional, electronic banking products, and services. Induslnd Bank provides Gold Loan to its customers with a low interest rate when you apply through Dialabank.
- IndusInd Gold Loan Interest Rate is 7.25% per annum.
- IndusInd Gold Loan Per Gram Rate is ₹ 3,800 to ₹ 4,350.
- IndusInd Gold Loan Tenure: Up to 36 months.
- IndusInd Gold Loan Processing Fee is Up to 1.0% of the Loan Amount or Rs 1000(Which one is higher) + GST.
Induslnd Bank Gold Loan Eligibility
Gold Loan is a commercial good provided by the IndusInd Bank, which provides supplies for the short term or long term. It is comfortable to avail of banks’ financial services at low prices of interest and needs minimum documentation. IndusInd Bank provides you with the Loan amount within an hour of administration. The appraisal and endorsement method is instantly done, keeping in memory your seriousness regarding reserves’ need.
Major Eligibility criteria for availing of the IndusInd Bank Gold Loan is:
| Age | 18-75 years of age |
| Nationality | Indian |
| Employment Status | Salaried, Self-Employed |
| Gold Quality | Minimum 18 Carats |
Induslnd Bank Gold Loan at Home
Gold Loan at Home is a doorstep loan service that allows you to borrow money without leaving your home. The service is quick, flexible, and cost-effective, with low-interest rates. Before submitting a loan request, you may use the gold loan calculator to determine the worth of your gold or the loan amount. Getting a Gold Loan at home is a simple and quick process that takes only a few minutes.
One of our employees will contact you and visit your home within 30 minutes. The necessary gold loan amount will be delivered immediately to your bank account after all e-documentation and gold identification are completed at your home.
The benefits of getting a gold loan at your doorsteps are:
- Access To Your Loan Account 24 X 7
- Diverse Range of Gold Loan Schemes
- You can get free insurance for your Gold
- There are no hidden fees.
- You will get the maximum value of your Gold
- You can avail your Gold Loan in just 1 visit
- Service at Your Door in 30 Minutes
- Pre & Part Payment Facility
- Your Gold will just be released the same day.
Induslnd Bank Gold Loan Documents Required
Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the IndusInd Bank wherein funds are provided to fulfil the applicant’s financial needs. The gold ornaments of the applicant are kept as security by the bank in exchange for the funds. The entire IndusInd Bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures the high security of your gold ornaments till the loan is closed.
Documents required for Applying for IndusInd Bank Gold Loan are :
A duly filled and signed Gold Loan application form shall be submitted along with the following documents:
| 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 can be considered for the last three months. (Only 1 is required) |
| Agricultural Land Proof | Required only if the Loan is taken for Agricultural Purpose |
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IndusInd Bank Gold Loan Interest Rate, Fees and Charges
IndusInd Bank Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged depends on the total loan amount and the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates is offered by the IndusInd Bank are lower than other loans because it is a fully secured loan.
| IndusInd Bank Gold Loan Interest Rate | 7.25% per annum |
|
Processing Fee
|
1.0% 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 |
Gold Loan Apply Online
You can also apply with Dialabank by following the below-mentioned steps to get a Gold Loan as per your need.
- Inflict Dialabank’s digital program, where you will have to fill a form without any booking.
- Our Contact Director will reach you and help you ultimately in the Gold Loan process and escort you in meeting your business requirements.
- You will get personalized help, allowing you to associate and get the most suitable arrangement according to your specifications without any extra charges.
- With Dialabank, you can connect the various offers and plans from multiple banks based on funding and the rate of interest charged for determining the best loan deal for yourself.
IndusInd Bank Gold Loan EMI Calculator
- IndusInd Bank Gold Loan EMI Calculator is used in IndusInd Bank and the price of gold, purity of the gold and loan to value ratio depends on the Gold Loan.
- The purity of the gold is in between 18-24 cart gold.
- The loan tenure of the IndusInd bank Gold loan is in between 1-10 years.
- In these gold loans, the weight of the gold is also useful in IndusInd Bank.
| 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 |
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How To Pay Your IndusInd Bank Gold Loan EMI?
Your IndusInd Bank gold advance can be reimbursed in the following three different ways.
- Standing Instruction (SI): If a person is a current record resident with IndusInd Bank, Standing Instruction is the most reliable reparation method. Your EMI sum will be credited automatically toward the end of the month to month cycle from the IndusInd Bank account you register.
- Electronic Clearing Service (ECS): This method can be used if you have a non-IndusInd Bank account and might need your EMIs to be loaded consequently toward the end of the month to month cycle from this account.
- Post-Dated Checks (PDC): You can offer post-dated EMI checks from a non-IndusInd Bank account at your nearest IndusInd Bank Loan Center. A new version of PDCs should be submitted on time. It will be excellent if you note Post Dated Checks will be handled in non-ECS states as it were.
Gold Ornaments Accepted By IndusInd Bank
- All jewellery of 18 karats to 22 karats is acceptable.
- Gold coins weighing less than 50 grams in total can be used to get a gold loan.
- IndusInd Bank does not accept minted gold coins.
- Bars and bricks are not accepted.
- Besides that, raw gold is not accepted.
Uses Of IndusInd Bank Gold Loan
The funds received by availing the IndusInd Bank Gold Loan service can be done for various objects such as:
- To support personal investments such as a union, riding, instalment of more significant tuition fees, etc.
- For all your marketing needs, such as purchasing raw matter, enlargement of company, etc.
- You can also avail of a Gold Loan for farming purposes. The bank gives lower rates of interest for Gold Loans that are utilized for agriculture or connected projects.
IndusInd Bank Agricultural Jewel Loan Scheme
| Scheme | Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 7.25% per annum (depends on the sum of the loan |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
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Benefits Of IndusInd Bank Agricultural Jewel Loan Scheme
- There is no processing fee applicable up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore
IndusInd Bank Bank Gold Loan Overdraft Scheme
IndusInd Bank has an Overdraft Scheme that acts like a Credit Card, where you can spend your Gold Loan Amount as you wish to. In the IndusInd Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that is used by the borrower.
IndusInd Bank Gold Loan Details
| Age | 18-75 years |
| Minimum Loan Amount | Rs. 25,001 |
| Maximum Loan Amount | Rs. 25 Lakh |
| IndusInd Gold Loan Interest Rate | 7.25% per annum |
| Loan Tenure | From 3 months up to 36 months |
| Gold Items accepted | Jewellery and gold coins sold by banks |
| IndusInd Gold Loan Processing Charges | 0.23% of the loan amount |
- In IndusInd bank, there are different types of loans provided apart from the gold loans.
- You can visit the bank and then you can avail of these gold loans.
How Does The IndusInd Bank Gold Loan Work, Here’s An Example
The loan amount eligibility is decided on the basis of purity of gold, LTV, and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 50 grams of gold with a purity of 22 carats. Mr B has 60 grams of gold with a purity of 20 carats and Mr C has 70 grams of gold with purity or 22 carats. They approach Corporation Bank to avail themselves of a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 85% will vary by the purity of gold and hence, will result in varying gold loan eligibility.
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Why you should apply for Gold Loan in IndusInd bank through Dialabank?
Dialabank provides you with the best Gold Loan offers. If you can apply for a Gold loan through Dialabank then you can get fast processing, on-call assistance. And the customer service also responds within no time for clarification of your doubts. So apply for gold loans through the Dialabank.
FAQs About IndusInd Gold Loan
✅ What is IndusInd Bank Gold Loan?
IndusInd Bank Gold Loan can be availed by anyone between the age of 21 and 70 with possession of gold. The bank provides loans at interest rates starting from 7.0% per annum with tenure of up to 36 months. You can apply online or walk into the branch carrying your gold. The loan amount of up to Rs 10 lacs can be availed and can be used for any personal or business purpose. The bank provides additional discounts for women borrowers and agriculture.
✅ How can I get a Gold Loan?
You can get a Gold Loan through a simple and hassle-free process by applying online at Dialabank.
✅ How much Gold Loan can I get per gram in IndusInd Bank?
The rate per gram for Gold Loan is ₹ 3,800 to ₹ 4,350 for IndusInd Bank.
✅ What is the Gold Loan interest rate in IndusInd Bank?
IndusInd Bank offers Gold Loans at interest rates starting from 7.25% per annum.
✅ How to calculate Gold Loan Interest in IndusInd Bank?
You can easily calculate the gold loan interest rate for IndusInd Bank by subtracting the total sum’s principal amount to be paid. Use the EMI Calculator to check your total payable amount.
✅ What is the maximum loan amount I can avail myself of on a Gold Loan from IndusInd Bank?
You can get a maximum amount of Rs 1 crore on an IndusInd Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value. You can visit Dialabank to help get the right Gold Loan for you.
✅ What is the loan tenure of IndusInd Bank Gold Loan?
The maximum tenure of your IndusInd Bank Gold Loan is up to 36 months.
✅ How much Processing Fee is applicable on IndusInd Bank Gold Loan?
A processing fee of up to 1% of the loan amount or ₹1000 is higher than IndusInd Bank.
✅ How to renew IndusInd Bank Gold Loan online?
You may apply online on the IndusInd portal to renew your gold loan application after every 1 year.
✅ What are the charges for Prepayment in IndusInd Bank Gold Loan?
IndusInd Bank charges 0-2% for prepayment of the gold loan.
✅ How to pay IndusInd Bank Gold Loan online?
Payment of IndusInd Bank Gold Loan can be made using Standing Instruction or ECS payment system using your cards and other banking options available.
✅ What if I can’t pay the interest on IndusInd Bank Gold Loan for three months?
If you do not repay your IndusInd Bank Gold Loan’s repayment, the bank after warning you once may charge a penalty fee and may even sell your Gold pledged to recover the amount.
✅ How can I apply for EMI Moratorium on IndusInd Bank Gold Loan?
You can apply for the IndusInd Bank Gold loan moratorium in two ways:
- log in with your credentials on the bank’s portal.
- Personally visiting the main branch nearest to you.
✅ How to pay an IndusInd Bank Gold loan through a credit card?
To pay an IndusInd Bank gold loan, you cannot use a credit card per RBI’s guidelines.
✅What is IndusInd Bank Gold Loan Overdraft Scheme
IndusInd Bank has an Overdraft Scheme that acts like a Credit Card, where you can spend your Gold Loan Amount as you wish to. In the IndusInd Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that is used by the borrower.
✅What is the foreclosure procedure for IndusInd Bank Gold Loan?
IndusInd Bank charges about 0.50% should be an event of a Gold Loan Foreclosure.
✅What is the IndusInd Bank Gold Loan closure procedure?
The IndusInd Bank Gold loan will only close after the payment is done in full.
✅ What are IndusInd 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 IndusInd Bank Gold loan tenure is 36 months.
✅ What is the minimum gold loan tenure?
The minimum gold loan tenure is 6 months for IndusInd Bank.
✅What is the customer care number for IndusInd Bank Gold Loan?
All the queries regarding IndusInd Bank are answered at 9878981144.
