Kuchh Baat Aapke Interest Ki Login

IndusInd Bank Gold Loan Per Gram Calculator India Sep 2017

Last Updated 17th Sep 2017

IndusInd Bank Gold Loan Eligibility

IndusInd Bank Rate of Interest 11.15% - 15.75%
Lowest EMI Per Lakh Rs. 8,845
Age 21 - 70 years
Processing Fees Upto 1% of loan amount subject to a minimum of Rs. 750.
Maximum Loan Amount Rs. 1,000,000
Maximum LTV 75%
Maximum Tenure 12 months
Gold Loan Eligibility Calculator

Eligibility criteria

Eligibility of gold loan in IndusInd Bank depends upon different factors like:

  • Gold loan amount depends upon the weight and purity of gold. Gold purity for IndusInd Bank is required to be in the range of 18 to 24 carats. Both hallmarked and non hallmarked jewellery can be used for availing loan.
  • Gold bars, Exchange traded funds and ladies mangal sutra is not acceptable in IndusInd Bank and gold coins with a weight up to 50 gm are acceptable by the bank.
  • However, you are not allowed to use gold loan for purchasing property, or investing in other financial instruments.
  • Maximum loan allowed is up to 75% amount of the total gold pledged with IndusInd Bank.
  • No CIBIL Score required.

Frequently Asked Questions

What is the age limit required for gold loan from IndusInd Bank?

The minimum age should be 21 years and maximum age should be up to 70 years.

What is the maximum loan amount that I can avail on gold loan from IndusInd Bank?

The maximum loan that you can avail is up to 75% of the market value of the gold depending on the quality of the gold.

What is the loan tenure of IndusInd Bank gold loan?

IndusInd Bank gives gold loan to the applicants for a maximum tenure of 12 months. So, the borrower should be sure about the repayment capacity of the loan.

What kind of gold items are accepted and rejected as a security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by IndusInd Bank. IndusInd Bank does not allow customer to borrow against gold bars, exchange traded funds and ladies mangal sutra.

How much processing fee is applicable in IndusInd Bank gold loan?

IndusInd Bank charges a processing fee of Upto 1% of loan amount subject to a minimum of Rs. 750. on gold loan.

Indusind Bank Gold Loan Eligibility Calculator
Lowest EMI
Gold Loan Eligibility
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.