IDFC First Bank Gold Loan

IDFC First Bank | Gold Loan | 09-Jun,2023

About IDFC First Bank: IDFC First Bank Limited is one of the most popular private sector banks in India. IDFC First Bank Limited was established in 2015. The bank provides banking, financial, and other services. Currently, IDFC First Bank Limited has become more popular compared to other banks due to its excellent services.

Detail: A borrower should be at least 18 years old in order to apply for a gold loan.

Annual Percentage Rate (APR): 7.30% p.a. onwards

Minimum & Maximum period for repayment (Loan Tenure): 12 months to 60 months

Loan processing charges: 1% of the Loan Amount

Late Payment: During tenure: 24% per annum on overdue amount or Rs 300, whichever is higher

Foreclosure Charges: 2% of Gold Loan amount if loan closed within 90 days of disbursal

Partpayment Charges: NIL

Maximum Loan Amount: Up to Rs.50 lakh

IDFC First Bank Profile

Sector : Finance

Industry : Regional Banks

IDFC First Bank Limited is a leading private sector bank in India that provides a wide range of banking and financial services, including corporate banking, consumer banking, finance and insurance, investment banking, private banking, mortgage loans, private equity, savings, and securities. According to sources, as of March 31, 2020, the bank had a network of 20,222 employees. Its headquarters are located in Mumbai, Maharashtra. Currently, V. Vaidyanathan has been serving as the CEO and MD of IDFC First Bank since December 19, 2018.

Know more

You will go on the Official website.

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Loan Type

IDFC First Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 10.49% Up to Rs. 1 Crore Up to 60 months As per the loan agreement. Upto 2% of the unpaid EMI or Upto INR 300 whichever is higher Up to 5% of Principal loan outstanding after payment of 6 or more EMIs NIL
Home Loan 6.90% onwards Up to Rs. 5 Crore Up to 30 years Up to 3% of loan amount NIL According to the Bank. NIL
Car Loan 8.65% New Car : 90% of loan amount Used Car : 80% of loan amount Up to 10 years Rs 3500 - Rs 5500 -- NIL --
Gold Loan 7.30% p.a. onwards Up to Rs.50 lakh 12 months to 60 months 1% of the Loan Amount During tenure: 24% per annum on overdue amount or Rs 300, whichever is higher 2% of Gold Loan amount if loan closed within 90 days of disbursal NIL

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