Federal Gold Loan

Unlock financial possibilities with a Federal Gold Loan, available at affordable interest rates starting from 8.15% p.a. Get up to ₹1.5 Crores and fulfil your personal, business, or agricultural needs. Enjoy convenient various repayment options like lumpsum payments and flexible EMIs. Choose a tenure that suits your requirements and pay the loan in a hassle-free manner.

Here are the Federal Gold Loan interest rates and charges:

Federal Bank offers various gold loan schemes to meet the needs of a wide range of borrowers. These include:

1. Doorstep Gold Loan

Experience the ease of securing gold loans from the comfort of your home with Federal Bank's doorstep service. Disbursement and release happen conveniently at your doorstep, eliminating the need for branch visits. Federal Bank extends this service across major cities including Mumbai, Chennai, Bangalore, Hyderabad, and more.

2. DIGI Gold Overdraft

With this scheme, you can pledge your items with the bank and withdraw up to 72% of the value of your gold when in need of immediate funds. You can also get an alternate locker facility and free insurance coverage for your precious ornaments. With a DIGI Gold Overdraft, you can secure amounts as high as ₹1.5 Crores and fulfil all your personal requirements.

3. Fed Smart Saver Gold Loan

The interest rate offered on this loan starts from just 8.15% p.a. This loan is affordable and has a lower repayment cost compared to other gold loans offered by Federal Bank. Furthermore, you can choose to make bullet repayments and return the entire corpus at the end of the set tenure.

Gold loans from Federal Bank come with easy eligibility parameters, which makes the application process simple. These include:

• Applicants need to be over the age of 18 years

• The ornaments to be pledged must be of 22 Karats

In addition to this, you are also required to submit the following documents:

• Identity proof: Any one of the following

  1. Aadhaar card

  2. Passport

  3. Voter ID, etc.
     

• Passport-size photograph

• Address proof like utility bills
  

Note that the bank may ask you to submit additional documents if needed.

You can apply for a gold loan from Federal Bank through an easy online process. Simply follow these steps:

• Visit the official Federal Bank website 

• Navigate to the ‘Federal Gold Loans’ page and click on ‘Apply Online’

• Fill in the application form with your personal details and the provided captcha code

• Cross-check the details and submit your application
  

After this, a bank representative will get in touch with you regarding further steps and guide you through the documentation process.