IndusInd Bank Gold Loan Interest Rate

Last Updated 21st Feb 2018

IndusInd Bank Gold Loan Interest Rates Feb 2018

IndusInd Bank offers one of lowest gold loan rate of 11.15% , both for its existing bank customers as well as new borrowers. IndusInd Bank jewel loan interest rate varies by amount of loan, purity of gold and loan to value ratio. Check Best Offers.

Gold Loan in IndusInd Bank
Gold Loan Loan Details
IndusInd Bank Gold Loan Rate 11.15% onwards
Processing Fee Upto 1% of loan amount subject to a minimum of Rs. 750.
Loan Tenure 3 months to 12 months
Loan Amount Rs. 10,000 to Rs. 10 Lakh
Prepayment Charges Upto 1% of outstanding amount
Gold Loan SchemeBullet Repayment Scheme

Additional benefits for existing Indusind Bank customers

Apply Gold Loan @ 9.90%*
Rs.
Rs.
+91

IndusInd Bank Gold Loan

Gold Loans are loans availed by pledging your gold ornaments with a bank. IndusInd Bank gold loan can be taken for meeting urgent personal expenses like children 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:

  • Instant loan processing and easy documentation
  • Extra benefits for existing Indusind Bank customers
  • Additional Discount for women borrowers and agriculturists

IndusInd Bank Gold Loan Details

If you are planning to take a Loan against Gold from IndusInd Bank, you need to know the following details of its gold loan schemes:

  • Purpose of Gold loan: To meet personal and business expense requirements
  • Collateral: Loan against security of your gold jewelry
  • Type of Gold Accepted: Gold jewelry or gold coins of up to 50 grams with a purity of 18 to 22 carat
  • Customer Segments: IndusInd Bank offers jewel loans to all individuals above 18 years of age including salaried, self-employed professionals, businessmen, students, pensioners and housewives
  • Gold Loan Features
    • IndusInd Bank Gold Loan Interest Rate starts from 11.15% to 15.75%
    • IndusInd Bank charges a processing fees of Upto 1% of loan amount subject to a minimum of Rs. 750.
    • Loan Tenure of Gold Loan ranges from 3 months to 12 months
    • Lowest EMI per lakh on Gold Loan from IndusInd Bank is Rs. 8,845 offered at the lowest interest rate of 11.15% at the longest loan tenure of 12 months
    • IndusInd Bank allows prepayment of jewel loans with Upto 1% of outstanding amount charges
  • Documents Requirement: Only basic KYC documents for address proof and income proof required. The bank doesn’t require you to submit your income proof or doesn’t check your CIBIL score for approving a gold loan.
  • Popular Gold Loan Schemes of IndusInd Bank
    • Bullet Repayment Scheme

How can I get a Gold Loan from IndusInd Bank ?

You can apply for a gold loan with IndusInd Bank directly through branch walk-in or by filling an online application form. However, to get the best gold loan rate offers and comparison of all banks, you can apply online through MyLoanCare. MyLoanCare will give you a detailed comparison of gold loan schemes of all banks, calculate your gold loan eligibility and connect you to the best bank for gold loan. Customer representatives of bank will get in touch with you instantly to fix up an appointment for branch visit. You will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting loan is smooth, convenient and quick. You can get gold loan in a single branch visit during which IndusInd Bank will do an appraisal of your jewellery in terms of its purity and weight. In case, the jewelry meets the bank standards, the bank will sanction your loan and give you an instant loan against the security of your gold jewelry.

IndusInd Bank Gold Loan Interest Rate Calculator

Lowest Gold Loan Interest Rate in IndusInd Bank is 11.15%.The factors that are used by IndusInd Bank to calculate interest on gold loan are loan amount, loan tenure and loan required as a percent of value of gold jewelry. IndusInd Bank’s existing account holders get gold loan at best rates compared to other customers.

  • Loan Amount: The amount of gold loan you can avail depends on the weight of jewelry you can pledge with the bank. Generally, banks offer a jewel loan per gram of gold which differs by the purity of gold and loan to value ratio offered. Banks offer lower interest rates for higher amount. IndusInd Bank offers loan between Rs. 10,000 and Rs. 10 Lakh amount.
  • Relationship with the Bank: IndusInd Bank offers special rates, offers and charges to the existing account holders of the bank. Those who have made their payments on time in the past can get the benefit of low gold loan interest rate from IndusInd Bank.
  • Loan tenure: Many banks charge higher rate of interest for gold loans of lower tenure and lower interest rate for gold loans of higher tenure. IndusInd Bank offers gold loan with a tenure of 3 months to 12 months.
  • Loan to Value ratio: Maximum gold loan to value of gold jewelery ratio on gold jewelry has been fixed at 75% by RBI. However, IndusInd Bank also offers loans at lower LTVs. Interest rate on loans with lower LTV will be lower compared to loans with higher LTV. Maximum LTV offered by IndusInd Bank is 75% calculated on net weight of gold in your jewelry.
  • Purpose of Loan: All banks, including IndusInd Bank also offer gold loan for agricultural purposes at low concessional rates, as the same is counted under priority sector lending targets of the bank. IndusInd Bank's gold loan interest rate for agricultural loans is generally lower by 1-2% compared to its gold loan rate for regular customers.
Other Charges of Gold Loan IndusInd Bank

In addition to interest rates, IndusInd Bank also carry some other charges while offering gold loan which include:

  • Processing fees – IndusInd Bank charges minimum processing fees Upto 1% of loan amount subject to a minimum of Rs. 750.. To get lowest fee, gold loan interest rates comparison, offers and cashback apply online through MyLoanCare.
  • Prepayment and foreclosure – Banks allows prepayment of gold loan and typically levy prepayment or foreclosure charges i.e. Upto 1% of outstanding amount.

Documents Required for IndusInd Bank Gold Loan

The documentation process of IndusInd Bank is smooth. You need to submit one proof of identity and one proof of address to get a gold loan. The list of identity and address proofs is as follows:

  • Identity proof: PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
  • Address proof: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement

Compare Gold Loan Interest Rates of IndusInd Bank with other banks

Frequently Asked Questions on IndusInd Bank Gold Loan

Are there any prepayment charges on gold loan?

Yes, you can prepay your jewel loan. Applicable prepayment charges - Upto 1% of outstanding amount.

Is gold loan IndusInd Bank available online? Is there a IndusInd Bank gold loan online payment facility?

Yes, you can apply gold loan online in IndusInd Bank to get a quick loan. Yes, IndusInd Bank offers gold loan online payment facility.

Does IndusInd Bank offer Agricultural Gold Loan?

No, IndusInd Bank does not offer any special gold loan scheme for agriculture. You will need to avail loan against gold against the bank’s regular gold loan scheme, even if you need it for agricultural purposes.

How much gold loan can I avail from IndusInd Bank?

You can get upto Rs. 10 Lakh as gold loan from IndusInd Bank.


*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.
Subscribe to MyLoanCare Notifications

Get notified for latest Gold Loan Interest Rates rates and offers