Gold Loan : Get Loan Against Gold Jewellery

 

Life is full of opportunities. Do not allow the opportunities to pass just because of financial constraint. Get instant gold loan by bringing your gold jewellery at any branch of INDC First Bank. Your gold stays safe while you can go ahead and take advantage of every opportunity.

Gold Loan - Features and Documentation

 

INDC First Bank Gold Loan is designed keeping your convenience in mind.

 

Instant Gold Loan

You can now walk-into any of our INDC First Bank branch offering Gold loans with your jewellery and you can avail gold loan for any value from Rs. 10,000 to Rs. 15 Lakhs instantly. With our simple and easy documentation process, the loan can be availed across the counter instantly.

CALL ME

Safety

Your gold is absolutely safe with us. Your Gold is kept in Vault Safe in Strong Rooms of INDC First Bank giving you the guaranteed assurance of complete transparency and peace of mind. You Gold is valued in your presence, sealed and kept in Vault Safe. Whenever you wish to get your Gold back it will be given back to you in exactly the same state as you submitted in the first place.

Documentation

  1. Two passport size photograph

  2. ID Proof such as Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card. Any one document needs to be submitted

  3. Address Proof such as Driving License / Voter ID Card / Ration Card / Aadhaar Card / Passport Copy / registered lease agreement with not older than 3 months utility bills in the name of landlord (any one)

  4. Proof of land holding in case of agriculture loan of more than Rs. 1 lakh

Gold Loan Interest Rate and Charges

 

Description

Loan Amount            ₹ 10,000₹ TO 15,00,000

Loan Tenure              6 months  TO 12 months

 

Interest rate range: (April 2019 to June 2019 Q1(FY19-20))

 

Minimum              Maximum         MeanPenal        Interest

10.00%                  16.95%              13.35%                6%

 

#Penal Interest is not applicable for agricultural loans up to ₹ 25,000 per customer.

 

NOTE:

  • It includes various categories like loan amount, customer relationships etc.

  • Mean rate = Sum of rate of all loan accounts / Number of all loan accounts.

 

Charges:

 

Processing Fees > 1.0%

Foreclosure charges >1%+ INR 200, 

Gold OD - 1% of the facility amount, if the facility is prepaid within 11 months or post 30 days of auto-renewal.

Documentation Charges*₹ 199

Renewal Fees

For loans:

  • Up to 50 thousand: ₹300

  • Greater than 50 thousand up to 1 lakh: ₹350

  • Greater than 1 lakh up to 2 lakh: ₹500

  • Greater than 2 lakh :₹ 1000

Stamp Duty and other statutory charges (As per Applicable laws of the State

Overdue Handling Charges (delinquent accounts)

  1. 750 where a notice has been delivered at the communication address and a paper publication is not required

  2. 1,700 where no notice has been delivered at the communication address and the paper publication is to be done

  3. 300 charge for sending auction notice, over and above the preceding points I) and II)

  4. 200 for sending loan recall notice over and above the preceding points I) and II)

 

Notes:

 

GST, other government taxes, stamp duty, levies, etc. as per prevailing rate will be charged over and above these charges. The above fees will not be applicable for agricultural loans upto ₹ 25,000 per customer.

*Applicable for flexi Gold Loan product.

*Applicable from December 01, 2018

 

Annual Percentage Rate:

 

The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.

The APR calculator does not include charges like stamp duty, Prepayment charges etc.

To calculate the same, please click here to download the APR calculator.

 

* Terms and Condition apply

IN TERMS WITH :

© 2019-20 by INDC FIRST NIDHI BANK LIMITED   

Disclaimer

Notice

Please read these terms and conditions carefully. By accessing this site and any pages thereof, you agree to be bound by the terms and conditions below. If you do not agree to the terms and conditions below, do not access this site or any pages thereof.

 

Copyight (c) INDC First Ltd. 2019-20. All Rights Reserved

Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by INDC First Limited, unless otherwise indicated.

 

Trademarks

INDC First Limited and the logo are registered trademarks and service marks. INDC First Limited may also claim trademark and service mark rights in other marks contained in the pages.

 

Use of Information and Materials

The information and materials contained in these pages - and the terms, conditions, and descriptions that appear - are subject to change. Not all products and services are available in all geographic areas. Your eligibility for particular products and services is subject to final INDC First Limited determination and acceptance. Investment products are not obligations of or guaranteed by INDC First Limited. Investment services are not bank deposits or insured by any entity, and are subject to investment risks, including possible loss of the principal amount invested.

 

No Warranty

The information and materials contained in this site, including text, graphics, links or other items - are provided "as is," "as available". Axis Bank Limited does not warrant the accuracy, adequacy or completeness s of this information and materials and expressly disclaims liability for errors or omissions in this information and materials. No warranty of any kind, implied, express or statutory, including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and materials.

 

Limitation of Liability

In no event will Axis Bank Limited be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this site or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if INDC First limited, or representatives thereof, are advised of the possibility of such damages, losses or expenses. Hyperlinks to other internet resources are at your own risk; the content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by INDC first Limited.

 

Submissions

All information submitted to INDC First Limited via this site shall be deemed and remain the property of INDC First Limited. INDC First Limited shall be free to use, for any purpose, any ideas, concepts, know-how or techniques contained in information a visitor to this site provides INDC First Limited through this site. INDC First Limited shall not be subject to any obligations of confidentiality regarding submitted information except as agreed by the INDC First Limited, entity having the direct customer relationship or as otherwise specifically agreed or required by law.

 

EMI Amounts

Please note that this amort schedule provides only approximate principal and interest amounts, as it is calculated on an assumption of 360 days per year. Kindly do not consider this to be the final schedule, as the actual EMI amounts may vary basis actual number of days in a month and 365 days in a year.

 

Additional Disclaimer

This e-mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part of it. Internet communications cannot be guaranteed to be timely secure, error or virus-free. The sender does not accept liability for any errors or omissions. We maintain strict security standards and procedures to prevent unauthorized access to information about you. INDC First will never contact you by email or otherwise to ask you to validate personal information such as your user ID or password. The contents of this mail are solely for informational purpose. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of INDC First Ltd.. INDC First Ltd does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out herein. The use of this information is subject to the terms and conditions as specified by INDC First ltd at www.indcfirst.com. You are receiving this email as information regarding our products and services. The use of this information is subject to the terms and conditions governing to such respective products, services and offers as referred herein above and specified by INDC First Ltd / third party from time to time. The images depicted herein are for illustrative purposes only. The information set out herein may be subject to updates, completion, revision, verification and amendment and such information may change materially.

If you have received this message in error, please delete it .INDC First does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. INDC First Ltd shall not be responsible for any loss, damage or other harm that may result from the use of third party's products / services.

This id is used by the bank only for communication and promotional emails. Please do not reply to this mail as it is computer generated. For any further queries or information, visit www.indcfirst.com. You may, at any time, choose not to receive email marketing literature / information about our products and services by clicking on "unsubscribe".