Indian Bank Gold Loan

Get a loan against your gold ornaments with the help of the Indian Bank Jewel Loan. You can borrow up to ₹50 Lakhs at interest rates starting from 8.75% to 9.50% per annum. The bank provides a facility to repay the loan through bullet payments over a tenure of up to 12 months or via EMIs for up to 35 months. Except for speculative activities like buying shares on the stock market, there is no limit to the usage of the loan amount.

Here are some important details about the gold loans offered by Indian Bank:

Indian Bank charges manageable interest rates and transparent charges on gold loans. Here is a table showing the rates and charges, as of February 2025:

While applying for a gold loan, you must submit a few documents to bolster your application. To apply for an Indian Bank gold loan, you will need to submit the following documents, along with a filled-out application form:

• ID Proof: Any one of the following

  • Aadhaar card

  • Voter ID 

  • Passport

  • Driving licence, etc.
    

• Address Proof: Any one of the following

  • Aadhaar card

  • Voter ID

  • Passport

  • Driving licence, etc.
    

• Proof of agricultural land ownership along with proof of crop cultivation
  

Note that the above-mentioned list isn’t exhaustive and the required documents may vary. You can confirm the exact documents required before applying to ensure that you can have a hassle-free experience.

The Indian Bank Gold Loan eligibility extends to every individual farmer. Meeting these basic gold loan eligibility criteria is crucial to ensure you can get the funding you need. Basic criteria include:

• Age Criteria

You must be between 18 to 75 years

• Gold Requirements

The gold must be in the form of ornaments with a purity between 18-22 karats

• CIBIL Score

You must have a CIBIL score of above 500

• Nationality

You must be an Indian citizen

Once you meet these requirements, you can apply for the loan you want. However, like documentation, the eligibility criteria may vary depending on certain factors. You can check your eligibility with the eligibility calculator or by manually checking the criteria.

Applying for the Indian Bank Gold Loan is extremely easy and hassle-free. You can apply online or offline mode by following the steps mentioned below:

Online Method:

1. Visit the official website: https://www.indianbank.in/departments/jewel-loan/

2. Scroll to the bottom of the page

3. Click on ‘Apply for Loan (Click Here)’

4. Follow the instructions to complete the application process
   

Once you have filled in these details, an executive from the bank will contact you in order to guide you along. Keep the documents required for KYC handy before you start the process in order to ensure a seamless experience.

A date will be set at which you will be required to visit the branch for the bank to assess your jewellery’s value. Post this, the bank will disburse the sanctioned amount to your account.

2. Offline

• Visit the nearest branch with your gold and jewellery articles

• Reach out to an executive to get the gold loan application started

• The appraiser will assess and value your jewellery
  

Depending on the purity and value of the gold you have brought in, the bank will sanction a loan amount. Once all the formalities are complete, the sanctioned amount will be available in your account.