Indian Bank Gold Loan

Indian Bank | Gold Loan | 09-Apr,2021

About Indian Bank: Indian Bank is one of Indias most popular banks, established in 1907. It is one of the top-performing public sector banks in India. The bank offers a wide range of banking products and services to all its customers. As of 2019, the bank had a total of 20,924 employees.

Detail: 1) Reasonable rate of interest 2) All individual farmers are eligible to apply for this Gold loan under the agriculture gold loan scheme.

Annual Percentage Rate (APR): 8.50% p.a. onwards

Minimum & Maximum period for repayment (Loan Tenure): 6 months to 12 months

Loan processing charges: Up to Rs.25,000 - Nil >> Above Rs.25,000 and up to Rs.5 lakh - 0.30% with min. of Rs.300 >> Above Rs.5 lakh and up to Rs.1 crore - 0.28% with min. of Rs.1,500

Late Payment: --

Foreclosure Charges: Nil

Partpayment Charges: Nil

Maximum Loan Amount: Up to Rs.1 crore

Indian Bank Profile

Sector : Finance

Industry : Regional Banks

Indian Bank was established on August 15, 1907, and its headquarters are located in Chennai, India. The bank has a total of 2,900 branches spread across India. Currently, Indian Bank has a three-tiered organizational structure: Treasury, Corporate/Wholesale Banking, Retail Banking, and other banking operations. As announced by the Indian Finance Minister Nirmala Sitharaman on August 30, 2019, Allahabad Bank merged with Indian Bank on April 1, 2020, making Indian Bank the seventh largest bank in the country.

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Loan Type

Indian Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 9.05% p.a. Up to Rs.10 lakh 12 months to 84 months Up to 1% of loan sanctioned -- N/A N/A
Home Loan 7.55% p.a. Up to Rs.30 lakh 05 years to 20 years Up to 0.23% (Maximum Rs.20,381) -- -- --
Education Loan 12.50% per annum Up to Rs.4 lakh 05 years to 10 years As per Decided by Bank -- -- Nil
Car Loan 1) New car loan: 9.65% p.a. 2) Used car loan: 12.25% p.a. 1) Used car loan: Up to 60% of the market value of your car 2) New car loan: Up to 85% of the on-road price of your car 1) New car loan: 12 months to 84 months 2) Used car loan: 12 months to 60 months As per Decided by Bank -- Nil Nil
Business Loan 8.30% p.a. onwards Maximum of Rs.25 crores 12 months to 120 months 1% to 3% of the loan amount -- N/A N/A
Gold Loan 8.50% p.a. onwards Up to Rs.1 crore 6 months to 12 months Up to Rs.25,000 - Nil >> Above Rs.25,000 and up to Rs.5 lakh - 0.30% with min. of Rs.300 >> Above Rs.5 lakh and up to Rs.1 crore - 0.28% with min. of Rs.1,500 -- Nil Nil

Disclaimer* - All the information provided on this site regarding loans and other banking services is completely taken from different websites of respected banks and financiers. We do not provide any kind of loan or finance. We only help you out to find the right loan or banking service that would be best for you as per your requirements. We do not get user data for further processing. We do not take any kind of money from our users, or do we have a sales team to provide loan. All loans are at the discretion of the associated Banks.