Indian Bank presents an attractive gold loan scheme with a fixed interest rate starting from 8.80% per annum for up to 35 months. Secure your loan by pledging gold jewels as collateral. Interest rates are fixed from 8.80% to 9.80% p.a. for jewel loans and 9.95% to 10.45% p.a. for OD against Gold Jewels.

Jewel loans offer flexible repayment options with bullet repayment for up to 1 year or monthly payments for 35 months. OD against Gold Jewels comes with a 1-year renewable tenure. The loan amounts range up to Rs 35 Lakh for jewel loans and between Rs 25,000 and Rs 10 Lakh for OD.

The LTV (Loan-to-Value) ratio is capped at 75% for both loan types. Notably, there are no processing fees for these loans from Indian Bank. Eligibility requires applicants to be aged between 21 and 70 years for jewel loans (non-priority segment), along with necessary documents like identity and residential proof and an application form.

Indian Bank offers two main variants: the Jewel Loan for personal expenses and the OD Against Gold Jewels, an overdraft facility. These options differ in loan amounts, tenures, and repayment methods.

Additional advantages include doorstep service and no reliance on your credit score for gold loan approvals. Indian Bank Gold Loan stands as a cost-effective and user-friendly solution to cater to both personal and business financial requirements by utilizing gold’s value.