Indian Bank Gold Loan Online- Check Eligibility and interest rate

✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.79% p.m. ✓ Minimal Documentation Check Eligibility

Get a loan against your gold ornaments with the Indian Bank Jewel Loan. You can borrow up to ₹10 Lakhs at interest rates ranging from 8.00% to 10.00% per annum.

The loan can be repaid through bullet payments over a tenure of up to 12 months or via EMIs for up to 35 months. The amount can be used freely for personal or business needs, except for speculative activities such as stock market investments.

Types of Gold Loans from Indian Bank

Indian Bank provides a range of gold loan options that enable customers to access funds quickly for both personal and business requirements. Each loan variant comes with specific features, repayment choices, and eligibility criteria. The details are as follows:

Type of Gold Loan	Who Can Apply	Purpose of Loan	Repayment / Tenure	Loan-to-Value (LTV) / Loan Amount	Other Key Points / Perks
Jewel Loan	General public, women, senior citizens, including bank staff	Domestic expenses, medical costs, family events, other personal needs (excluding speculative activities)	- Bullet Repayment: Up to 12 months, repay principal and interest at the end EMI - Repayment: Up to 35 months, monthly instalments	Up to 70% of market value of pledged gold or advance value per gram, whichever is lower	Maximum of five loans per customer across Agri, Retail, and MSME categories; loan credited directly to Indian Bank account
OD Against Gold Jewels	General public, women, COVID warriors	Any personal or bankable requirement (excluding speculative activities)	Valid for 1 year, renewable; limit reassessed based on jewellery value and LTV	Up to 70% of pledged gold’s market value or advance value per gram, whichever is lower	Issuance of Rupay card and personalised cheque books
Gold Loan Against Sovereign Gold Bonds	Holders of RBI-issued Sovereign Gold Bonds via original purchase branch	Any bankable purpose	One-year term with bullet payment of principal and interest at the end	Up to 70% of average market price of 24k gold over past 30 days; minimum loan ₹25,000, no upper limit	—

Details of the Indian Bank Jewel Loan

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

Particulars	Details
Interest Rate	Starting from 8.00% p.a.
Minimum Loan Amount	₹25,000
Maximum Loan Amount	OD against Gold Jewels: ₹10 Lakhs Loan against Sovereign Gold Bond: No upper limit
Tenure	Up to 35 months
LTV	Up to 75%
Processing Fee	NIL

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

Interest Rates and Charges for a Gold Loan from Indian Bank

Indian Bank charges manageable and transparent rates on its gold loans. Below is a table showing the Indian Bank Gold Loan interest rates and other charges.

Loan Type	Interest Rates	Charges
Jewel Loan (Non-Priority)	8.00% to 8.75% p.a.	Processing Fee: NIL
OD against Gold Jewels	8.90% to 9.40% p.a.	Processing fees: NIL Appraiser Fee: To be borne by the applicant
Sovereign Gold Bond	9.15% to 10.00% p.a.	–

Features and Benefits of the Indian Bank Jewel Loan

Indian Bank Jewel Loans offer several benefits, making them an attractive option for individuals needing quick funds. Here are some of them:

Quick Application and Disbursal

The application process is simple and convenient. You can apply online, and once approved, the loan is disbursed directly into your Indian Bank account.

Flexible Repayment Tenure

You can choose a repayment tenure of up to 35 months, allowing you to repay the loan comfortably based on your financial situation.

Competitive Interest Rates

Starting at 8.00% per annum, Indian Bank Jewel Loan interest rates are highly competitive. Rates may vary depending on loan type, amount, loan-to-value ratio, and tenure.

Transparency

The entire process of application, disbursal, and repayment is transparent and seamless, with no hidden or unexplained charges.

Zero Processing Charges

There are no processing fees for Indian Bank’s Jewel Loan and OD against Gold Jewels.

High Loan-to-Value (LTV) Ratio

You can borrow up to 75% of the value of the gold pledged, subject to other eligibility requirements.

Documents Required for SIndian Bank Gold Loan

When applying for a gold loan, a few essential documents should be submitted to support your application. Typically, you will need:

Duly filled-in 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.
Income proof: ITR, Form 16, or other valid documents
- Required if the loan amount exceeds ₹1.75 Lakhs, or if declared income is above ₹3 Lakhs
Original Sovereign Gold Bond Certificate (holding certificate) if applying for a loan against SGB

Note that the list mentioned above is not exhaustive, and the required documents may vary. Confirm the exact documents before applying to ensure a hassle-free experience.

Eligibility Criteria for Indian Bank Gold Loan

The Indian Bank Gold Loan is available to a wide group of applicants. Meeting the basic gold loan eligibility criteria ensures smooth approval.

Age Criteria

You must be at least 21 years old and not older than 70 years at the time of loan maturity.

Eligible Applicants

The loan is open to the general public, women applicants, and COVID warriors such as healthcare workers, police personnel, and ASHA workers, among others.

Loan Against SGB

Holders of SGBs issued by the RBI on behalf of the Government of India are also eligible. However, you can secure a loan against SGBs only through the same branch where the bonds were originally obtained.
Once you meet these requirements, you can apply for the loan of your choice. However, like documentation, the eligibility criteria may vary depending on certain factors.

How to Apply for Indian Bank Gold Loan

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:

Visit the official website: https://www.indianbank.in/departments/jewel-loan/
Scroll to the bottom of the page
Click on ‘Apply for Loan (Click Here)’
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.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be a source of advice or recommending any financial investment advice or endorsement of any sort.

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc., as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and the User should exercise due care prior to taking any decision, on the basis of the information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logos and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

How to contact the Indian Bank customer care?

You can contact Indian Bank through their national helpline number, 1800-425-00-000.

How much is the gold loan per gram value in the Indian Bank?

The gold loan amount per gram in Indian Bank depends on the market value and purity of the gold pledged.

What is the maximum gold loan limit in the Indian Bank?

For OD against Gold Jewels, the maximum loan amount is ₹10 Lakhs. For loans against Sovereign Gold Bonds, there is no upper limit.

What are the repayment options for the Indian Bank Jewel Loan?

You can choose between bullet repayment (up to 12 months) or EMI repayment (up to 35 months).

Can you pay off the Indian Bank Gold Loan early?

Yes, you can prepay your gold loan at any time, subject to the bank’s policy. Prepayment charges, if any, vary depending on the loan type and tenure, so check with the bank before making early repayment.