Compare IndusInd Bank vs Yes Bank Gold Loan

Download Comparison

Bank	SBI Muthoot Manappuram HDFC Bank ICICI Bank Federal Bank Canara Bank Andhra Bank Axis Bank IndusInd Bank PNB Fincare Small Finance Bank	SBI Muthoot Manappuram HDFC Bank Yes Bank ICICI Bank Federal Bank Canara Bank Andhra Bank Axis Bank PNB Fincare Small Finance Bank
Interest Rate	Interest Rate 9.00% - 17.00%	9.99% - 9.99%
Processing Fees	Processing Fees Upto 1% of loan amount, minimum ₹ 750	0.1% of loan amount
Loan Amount	Loan Amount ₹ 10,000 to ₹ 10 Lakh	₹ 25,000 to ₹ 10 Lakh
Loan Tenure	Loan Tenure 3 months to 24 months	6 months to 36 months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 4,568	₹ 3,226
Foreclosure Charges	Foreclosure Charges Upto 1% of outstanding amount	1%
EMI Scheme	EMI Scheme N	Y
Bullet Repayment Scheme	Bullet Repayment Scheme Y	Y
Overdraft Scheme	Overdraft Scheme N	Y
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)	4.7/5.0

Add Bank

Compare Gold Loan EMI of IndusInd Bank and Yes Bank

Loan Amount	IndusInd Bank	Yes Bank
₹ 50,000	₹ 2,284	₹ 2,307
₹ 1 Lakh	₹ 4,568	₹ 4,614
₹ 5 Lakh	₹ 22,842	₹ 23,070
₹ 10 Lakh	₹ 45,685	₹ 46,140

Which bank offers a lower interest rate on Gold Loan – IndusInd Bank or Yes Bank?

As per the current rates, IndusInd Bank offers a lower interest rate of 9.00% on Gold Loan when compared to Yes Bank which offers a Gold Loan at 9.99%.

How does IndusInd Bank Gold Loan compare with Yes Bank Gold Loan?

Gold Loan or Jewel Loan is an easy loan to get instant credit without the need to have a good credit score and income documents. Anyone is eligible to get the gold loan, provided the person has 18-22 carat gold jewelry to offer as collateral. Hence, while comparing IndusInd Bank and Yes Bank for gold loan and choosing the best bank, it is important to compare three factors which are their rate of interest, gold loan per gram eligibility as well as repayment options such as EMI, Bullet and Overdraft.

Lowest IndusInd Bank Gold Loan interest rate is 9.00%, which is lower than the lowest interest rate of Yes Bank at 9.99% and hence, IndusInd Bank is offering a cheaper loan option.
Compared to other Gold Loan charges such as processing fees, IndusInd Bank charges a processing fee of Upto 1% of loan amount, minimum ₹ 750 while Yes Bank charges a processing fee of 0.1% of loan amount.
IndusInd Bank allows prepayment facility on gold loan to close the loan before the tenure at Upto 1% of outstanding amount charges while Yes Bank offers prepayment facility at 1%. You can choose the option with lower charges to close the high value amount.
Yes Bank has an average customer rating of 4.7, while has an average customer rating of , based on which it is clear that Yes Bank has a high customer service focus, an easy Gold Loan process and a quick turnaround.

You must select the bank of your choice after evaluating the advantages and disadvantages of IndusInd Bank and Yes Bank.

What are the best repayment options available on Gold Loan – IndusInd Bank or Yes Bank?

Yes Bank offers EMI Scheme on gold loan to repay the loan in equal installments every month till the end of the tenure. This scheme is apt for salaried applicants who have monthly cash inflows to their bank accounts.
IndusInd Bank and Yes Bank offer bullet repayment scheme which allows borrowers to pay the lump sum at the end of loan tenure. The interest is calculated every month, however, the amount is to paid at the end of the term. This scheme is suitable for those who have near-term cash flow issues and they do not have to worry about paying the loan immediately.
One unique feature of Yes Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

Popular Search for IndusInd Bank Gold Loan

Popular Search for Yes Bank Gold Loan

Compare IndusInd Bank Gold Loan With Other Banks

Compare Yes Bank Gold Loan With Other Banks

Notification ×

Home Loan
Home Loan at all-time low rates starting at 7.15%. Cashback of up to ₹ 1,000
Apply Now
Personal Loan
Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.
Check Offers
Gold Loan
Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500
Apply Now
Loan Against Property
Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.
Apply Now
Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
Apply Now
Fixed Deposit
AAA rated FDs with returns as high as 7.05%.
Invest Now

Gold Loan News - Jul 2022

2022-05-13 : PNB Revises Gold Loan Rates
Punjab National Bank has increased the rates on gold loans, and as a result, the bank offers the lowest rates starting at 7.55%. Earlier, the rate was 7.25%.
2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
2022-05-10 : Federal Bank Changes Interest Rates on Gold Loans
Federal Bank has increased the gold loan interest rates, and thus you can now avail of loans starting at 7.39%
2022-05-10 : Canara Bank Hikes Gold Loan Interest Rates
The bank has increased the lowest gold loan rates by 40 basis points from 7.25% to 7.65%.

*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More

Apply Gold Loan Online @ 9.00% ☺

Please wait while your information is being processed...