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Kotak Mahindra Bank Gold Loan Bazaar

Loan Amount

Rs 25,000 to Rs 25,00,000

Interest Rate

10.5 % to 17 %
 
Kotak Mahindra Bank Gold Loan Bazaar

Loan Amount

Rs 25,000 to Rs 25,00,000

Interest Rate

10.5 % to 17 %
Bank
Loan Amount
Interest Rate
Loan Tenure
Processing Fee
Kotak Mahindra Bank Gold Loan Bazaar Kotak Mahindra Bank
Rs 25,000 to Rs 25,00,000
10.5 % to 17 %
3 months to 36 months
Up to 2% of Loan amount

Bank Name

Kotak Mahindra Bank

Processing Fee Range

Up to 2% of Loan amount

Tenure Range

3 months to 36 months

Foreclosure charges

2.25% of fore closure amount if closed 1 month ahead of the tenure

Renewal Fees

Applicable

Interest Rate

10.5 % to 17 %

Time Taken

Instant Disbursement

Carat Requirement

18 ct to 24 ct

Age Required

Minimum 18 years

Document Charges

Minimum Rs. 250, Maximum Rs. 2000 as Valuation Fee

Kotak Mahindra Bank Gold Loan :

Kotak Mahindra Bank Gold Loan offers quick and easy financing of your Gold Ornaments at very attractive interest rates. Loan Amount Ranges from Rs 25000 to Rs 25,00,000 with Instant Loan Disbursement. You can Avail Gold Loan against Gold ornaments and coins (up to 50 grams per customer limit is applicable as per RBI guidelines) having 99.99 % purity. It also offers flexible loan tenure under its 3 Schemes:

  • Term Loan – Bullet (3 or 6 or 9 or 12 months)
    Here, the customer needs to pay interest on monthly basis.
  • Term Loan – EMI (24 or 36 months)
    The customer needs to pay interest in EMI which includes interest as well as the principal.
  • Overdraft facility (12 months)
    Overdraft Limit can be utilized by the customers as per their needs for the tenure of 12 months & repay interest on a monthly basis on the amount utilized.

In Short, on the basis of different schemes, Loan Tenure varies from 3 months to 36 months which can be chosen by the customer as per his/her convenience.Gold is kept safe in Bank Vaults Safe providing you the safety of your Gold.

Features of Kotak Mahindra Bank Gold Loan :

  • Instant Gold loan
  • Lowest Interest Rates
  • No Income Proof Required
  • No Guarantor or Co-Applicant Required
  • Utmost safety of your gold
  • Minimum documentation
  • Higher Loan to Value
  • Non existing customers can also avail this Loan from Kotak Mahindra Bank
  • Overdraft Facility
  • Flexible Repayment Options

Documents Required for Kotak Mahindra Bank Gold Loan :

  • For Existing Customers: Address proof (only if the address updated in bank records is different from the address stated in this application)
  • For New customers: Identity Proof, Address Proof, Signature Proof and 3 passport size photographs
Important Note: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time.