IDBI Gold Loan Interest Rate

The IDBI Gold Loan is available to farmers, small businesses, distributors, traders, and self-employed professionals, with a competitive interest rate, catering to cultivation needs, social obligations, medical emergencies, and business requirements.

Features of IDBI Gold Loan

Key features include a minimum loan amount of Rs. 10,000 and a maximum loan limit of Rs. 20 Lakhs. The repayment tenure spans from 3 to 12 months. The process is hassle-free upon submitting all necessary documentation.

Interest Rate Comparison among Top Banks

IDBI's interest rates start at 5.88% p.a., with amounts ranging from Rs. 10,000 to Rs. 20 Lakhs and a 1% processing fee. Comparatively, UCO, PNB, Bank of Baroda, Canara, HDFC, SBI, Indian, ICICI, Kotak Mahindra, and Axis Bank offer varied interest rates and processing fees, influencing loan terms and tenures.

Rupeek Gold Loan - No EMI Option

Rupeek offers instant secure loans starting at 8.88% p.a., with the bullet repayment option. Loan amounts range from Rs. 50,000 to Rs. 20 Lakhs against gold jewelry, coins, and ornaments.

Types of Gold Loans by IDBI Bank

Categories include Agricultural, Business, and loans for personal needs such as education and medical expenses.

Gold Loan Per Gram Rate at IDBI

Rates vary from Rs. 2,900 to Rs. 3,450 per gram, influenced by market trends and bank policies.

IDBI Gold Loan Calculator

Use the online calculator to estimate your Equated Monthly Installments (EMIs) by inputting the interest rate, loan amount, and tenure.

Fees & Charges

Applicants face a 1% processing fee, with prepayment and foreclosure charges applicable. Valuation fees range from Rs. 250 to Rs. 500 based on loan amount, with additional late payment and renewal charges.

Faster Processing

Post verification of gold, the loan amount is quickly disbursed. No income proof or credit score is required, making gold loans ideal for urgent cash needs.

Low-Interest Rate

Interest rates start as low as 7.50% p.a., with options for no EMI or interest-only EMI with bullet repayment.