Federal Bank Gold Loan Interest Rate, Details, Apply 2024

Federal Bank Gold Loan Interest Rate, Details, Apply 2024: In this article, we will know in detail what is Federal Bank Gold Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so read this article till the end. 

When we take a loan by pledging our gold ornaments, ornaments or gold coins, then it is a gold loan. Federal Bank is providing this loan to the customers at an attractive interest rate.

If you need money urgently and do not have money, then you can join Federal Bank Gold Loan in this situation.

Federal Bank Gold loan

We can take gold loan for any of our needs like meeting the expenses of marriage, medical emergency, travel, home renovation, higher education etc. Before giving a gold loan, the bank checks the customer’s CIBIL score. Gold loan comes under the category of a secured loan, in which you have to pledge your gold as collateral or security.

You can apply for Federal Bank Gold Loan both online and offline. If your credit history is very good and you fulfill all the conditions of the bank, then you can take advantage of this loan with attractive gold loan interest rate. You can also meet your expenses by joining a Federal Bank personal loan, but the interest rate of personal loan can be higher than the interest rate of gold loan.

Federal Bank Gold Loan interest rate starts from 7.99% p.a. Avail loan benefits with instant approval and hassle free processing. Under Federal Bank Gold loan, you can get a minimum gold loan of Rs 1000 to Rs 1.5 crore. According to the needs of the customers, the bank offers various types of gold loan schemes. The loan tenure is at least 6 months.

Federal Bank Gold Loan Benefits and Features

• Any person can take advantage of this loan for any of his personal, business and agricultural purposes.
• Benefits of loans with instant approval and hassle free processing.
• Avail loan benefits with attractive interest rates.
• No hidden charge.
• Minimal paperwork and quick loan disbursement.
• Under Federal Bank Gold loan, you can get a loan of Rs 1000 to Rs 1.5 crore.
• High Per Gram Rates (Gold Loan Per Gram).
• The security for the loan will be 22 karat pledged.
• Federal Bank provides door step delivery of Gold Loan in collaboration with various partners.
• Before applying for the loan, you should calculate your loan eligibility with the help of gold loan calculator so that you can get an idea of ​​how much loan you are eligible for and how much loan you can get per gram of gold.
• You can foreclose or prepay your gold loan anytime.
• You can make partial payment of the loan amount.
• The maximum amount for a normal gold loan is up to 75% of the cost of gold per gram.

Federal Bank Gold Loan Calculator

Before applying for a gold loan, you should calculate your loan EMI, eligibility, etc. so that you can get an idea of ​​how much loan you can get against your gold and how much you will have to pay at the time of repayment of the loan.. You can calculate it with the help of Gold loan EMI Calculator by visiting the official website of the bank.

You can get the cheapest gold loan by calculating the EMI of various gold loans. Gold loan EMI depends on the loan amount, interest rate, loan tenure, processing fee, etc.

Federal Bank Gold loan eligibility

• Any person can take this loan for personal, business and agricultural purposes.
• Your gold should be of 22 carat or more.
• You need to have gold to pledge.
• Applicant’s age should be 18 years or above.
• You must have all the required documents.

Documents Need for Federal Bank Gold loan

Before applying for a gold loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. For more information about the document, you can contact your nearest Federal Bank branch. If you are an existing customer then you do not need to provide any other documents.

You must have the following documents with you to apply:

• Proof of Identity (Aadhaar Card / Passport / Voter ID Card / Driving License / PAN Card)
• Recent passport size photograph
• Address Proof (Aadhaar Card / Ration Card Tel / Electricity Bill / Lease Agreement / Passport / Business License / Sales Tax Certificate)
• other documents

Federal Bank Gold loan interest rate 2023

The interest rate of this loan starts from 7.99% per annum. If you are an existing customer of the bank and you fulfill all the conditions of this loan, then you can get this loan at a low interest rate. Before applying for any gold loan, it is important for you to know about the interest rate of that loan properly.

You can find the cheapest gold loan by comparing between different gold loan interest rates. The gold loan interest rate affects the EMI of this loan.

Federal Bank Gold Loan Apply

If you fulfill all the conditions of this loan, then you can apply for it both online and offline. To apply, follow the steps given below:

Federal Bank Gold loan Apply Online

• To apply online, you have to first go to the official website of the bank federalbank.co.in.
• After visiting the website, click on the option of Gold Loan in the option of Loans.

• After clicking, all the information related to gold loan will come in front of you.
• To apply, click on the option of Request a Call Back.
• A form will open in front of you.
• Enter all the requested information correctly and click on submit.
• After you submit the form, the bank officials will contact you and the loan process will be issued further.

How to apply offline?

• To apply offline, you must first go to the nearest branch of Federal Bank.
• Visit the branch and contact the branch employee who will provide you complete information about gold loan.
• Your gold will be assessed.
• Then your documents will be verified.
• You have to fill a form with which documents have to be attached and submitted there.
• If your loan is approved then the loan amount will be transferred to your bank account.

Federal Bank Gold Loan Customer Care Number

If you are facing any problem in applying for the loan or if you want to get any other information regarding this loan, then you can get information by calling on the Federal Bank Gold Loan customer care number.

• Toll free number : 1800 – 425 – 1199 / 1800 – 420 – 1199
• Email : [email protected]

My Last Thought:

In this article, we have provided you complete information about Federal Bank Gold loan. Any person who is in urgent need of money can take advantage of this loan.

Hope friends, you have found this article informative. If you liked the information given in this article, then please share it as much as possible.

FAQs on Federal Bank Gold Loan: