Karur Vysya Bank – KVB Gold Loan Details, Apply, Interest Rate, Eligibility, Document Required and customer care number more details 2023: If you do not have money to meet your needs, then you can join Karur Vysya Bank Gold Loan in this situation.
When we take a loan by pledging our gold ornaments, ornaments etc., then it is a gold loan. Karur Vysya Bank is providing Gold Loan to the customers at attractive rate of interest. In this article, we will know in detail what is Karur Vysya Bank Gold Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so you can complete this article till the end.
KVB Gold Loan – Karur Vysya Bank Gold Loan
Gold loan comes under the category of a Secured Loan. To take this loan, you have to pledge your gold as collateral or security. The bank checks the CIBIL score of the customer before giving the loan. You can apply for KVB Jewel loan both online and offline.
The bank provides you the loan based on the purity of your gold. If you are an existing customer of the bank and you fulfill all the conditions of the bank, then you can take advantage of this loan with attractive gold loan interest rate.
According to the need of the customers, the bank offers many types of KVB Jewel loans, in which the interest rate and loan amount can be different. You can take advantage of this loan to meet any of your needs. You can also meet your expenses by joining KVB personal loan, but the interest rate of personal loan can be higher than the interest rate of gold loan.
Under Karur Vysya Bank Gold Loan, you can get a loan of minimum Rs 5000 and maximum up to Rs 75 lakh. At present, the interest rate of Karur Vysya Bank Gold loan starts from 8.20% p.a. which may vary depending on the loan.
Karur Vysya Bank Gold Loan Schemes
The bank offers various types of gold loan schemes, the main ones are as follows:
- KVB Jewel loan
- Swarna Mithra Scheme
- KVB Overdraft / Short-Term Jewel Loan
KVB Jewel loan:
- People can take advantage of this loan to fulfill their needs in the agriculture sector.
- The loan tenure of this loan is up to a maximum of 12 months.
- The minimum loan amount is Rs.10,000.
- Under this Jewel loan, you can get a maximum loan of up to Rs 25 lakh.
- Loan benefits with attractive interest rates and convenient repayment.
- You can take this loan by pledging your gold ornaments.
- All farmers engaged in short-term crop production are eligible for this loan.
Swarna Mithra Scheme:
- Swarna Mithra Scheme is an overdraft / short term loan facility for fulfilling business purposes.
- The minimum loan amount under this loan is Rs 1 lakh.
- The processing fee is up to 0.50% of the loan amount.
- You can take this KVB Gold Loan for a maximum loan tenure of 12 months.
- You can take advantage of this loan by pledging your gold ornaments.
KVB Overdraft / Short-Term Jewel Loan:
- It is a type of overdraft / short-term jewel loan.
- Under this loan, you can get a minimum loan amount of Rs 5000.
- The maximum loan amount is up to Rs.75 lakhs.
- The loan tenure is up to 12 months.
- The processing fee for this Karur Vysya Bank Gold loan is up to 0.50% of the loan amount.
- Any person can take advantage of this loan for any kind of personal purposes.
Read Also: Manappuram Gold Loan
Benefits and Features of Karur Vysya Bank Gold Loan
- Any person can take advantage of this loan for any type of personal, business or agricultural purposes.
- Under Karur Vysya Bank Gold Loan, you can get a loan from Rs 5000 to Rs 75 lakh.
- You can take this loan for a maximum loan tenure of 12 months.
- The bank offers many types of gold loans, in which the loan interest rate and loan amount are different.
- Any person can apply online for KVB Gold Loan by visiting the official website of the bank or can apply offline by visiting the nearest bank branch.
- You can calculate your loan EMI, eligibility etc with the help of gold loan calculator, which will help you to know how much loan you can get per gram of gold (KVB Gold loan rate per Gram today).
Karur Vysya Bank Gold Loan Eligibility
The bank offers various types of gold loans whose eligibility can be different. For more information about eligibility, you can also contact your nearest bank branch. Some of the general eligibility are as follows:
- Any person can take advantage of this loan.
- You can take advantage of this loan to fulfill your personal, agricultural or business purposes.
- You must have gold to pledge.
- Applicant’s age should be 18 years or above.
- No exchange of jewellery is allowed.
- Any farmer can take advantage of this loan to fulfill his agricultural purpose.
Documents Need for KVB Gold Loan
Before applying for a gold loan, you should keep all your necessary documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. For more information about the document, you can also contact your nearest bank branch.
To apply you must have the following documents:
- Pan card
- ID Proof : Voter ID Card / Aadhar Card / Pan Card / Driving License / Passport.
- Address proof such as Electricity bill/ Ration card/ Telephone bill/ Passport copy/ Shop and Establishment license/ Rental bill/ Trade license/ Sales tax certificate.
- Recent passport size photographs.
KVB Gold Loan Interest Rate 2024
At present, the KVB Gold Loan interest rate starts from 8.20% p.a. The bank offers various types of gold loan schemes according to the needs of the customers, each of which can have a different rate of interest. Before applying for any gold loan, it is important for you to know about its interest rate properly.
You can find out the cheapest gold loan by comparing between various gold loan interest rates. Gold loan interest rate greatly affects your loan EMI.
KVB Gold Loan Apply
If you fulfill all the conditions of this gold loan and you want to apply for this loan, then you can apply for it both online and offline. To apply, follow the steps given below:
KVB Gold Loan Apply Online
- To apply online, you have to first go to the official website of the bank kvb.co.in.
- By going to the official website of the bank, you have to click on the option of Gold Loan.
- The list of all loans will open in front of you.
- Click on the loan you want to apply for.
- Click on Apply Now option to apply.
- After clicking, the loan application form will open in front of you in the pop-up window.
- In this form you have to enter all the requested information 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 have to first go to your nearest Karur Vysya Bank branch.
- Go to the bank branch and contact the bank officer who will provide you complete information about the gold loan.
- Then your gold will be assessed.
- Your documents will be verified.
- After this, you have to fill a form and attach the document with it and submit it to the bank there.
- If your loan is approved then the loan amount is transferred to your bank account.
KVB Gold Loan Calculator
Before applying for a gold loan, you should calculate your loan EMI, eligibility, etc. with the help of a gold loan calculator. By calculating the EMI of your loan, you can find out how much installment you will have to pay at the time of loan repayment. You can calculate the EMI of your loan by visiting the official website of the bank with the help of Gold loan EMI calculator.
You can find out the cheapest gold loan by comparing EMIs of various gold loans. The loan amount, interest rate, loan tenure, processing fee, etc. are the factors that affect the EMI of a gold loan.
KVB Gold loan rate per gram Today 2023
| Jewel Loan Products | Present Per Gram Rate (Rs.) Effect From 18.09.2023 |
|---|---|
| Jewel Loan (AGRI) | |
| Jewel Loan (Agri) – 12 Months / AGL12 | 3450 |
| KVB Quick Jewel Loan (Agri) – 6 Months / AGL6 | 3630 |
| Jewel Loan (NON-AGRI) | |
| Jewel Loan (Trade) – 12 Months / CGL12 | 3185 |
| KVB Quick Jewel Loan (Trade) – 6 Months / CGL6 | 3340 |
| Jewel Loan (Others) – 12 Months / RGL12 | 3185 |
| KVB Quick Jewel Loan (Others) – 6 Months / RGL6 | 3340 |
| KVB – Swarna Mithra Scheme Overdraft (OD) Product | 3340 |
KVB Gold loan Customer Care Number
If you are facing any problem in taking loan or want to get any other information regarding this gold loan, then you can get information by calling Karur Vysya Bank Gold Loan customer care number.
- Helpline (Domestic) : 1860 258 1916
- Helpline (Outside India) : +91 44 – 66217600
- Email : [email protected]
My Last Thought:
In this article, we have provided you complete information about Karur Vysya Bank Gold loan. Any person who is in urgent need of money can take advantage of this loan and fulfill his needs. Only those people can take advantage of this gold loan who have gold to pledge.
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.
Also read: SBI Gold loan
FAQs on KVB Gold Loan:
How much gold loan can I take from KVB?
You can take a gold loan up to a maximum of Rs 75 lakh.
What is the interest rate of Karur Vysya Bank Gold Loan?
The interest rate of this loan starts from 8.20% per annum.
What is the processing fee for KVB Gold Loan?
The processing fee for this loan is 0.50%.
For what tenure can I take this gold loan?
You can take this loan for a maximum tenure of 12 months.
How to apply for KVB Gold Loan?
Complete information about applying for gold loan is given in this article.