Gold Loan

You can apply for a Gold Loan online. Please click on the Apply Now button on this page. fill in your details and submit. We will get back to you for further processing. Alternately, you can nearest branch.

Documentation

• Identity Proof
• Residence Proof
• Photograph
• Signature Proof

Note : The bank may seek additional documents for sanction of loan facility, where necessary.

• Why take IndusInd Bank Gold Loan?

  Whatever be your need, Gold Loan can serve as a smart loan solution to meet it. Experience it and enjoy the following benefits:

  • Swift loan - Our loan sanction and disbursal is one of the quickest with Simple documentation.
  • Transparency – All costs and charges are communicated up front while providing the loan quotation to help you make the best choice for you.
  • Interactive process – Our Bank officials will assist you at the branch during the processing of the Gold Loans and guide you through the different product offerings, enabling you to make the best choice for you.

• What are the features of IndusInd Bank Gold Loan ?

  IndusInd Bank Gold Loans is a smart way to fund your dreams by unlocking the value of gold in your possession.
  Loan Amount: You can get a loan up to INR 2 cr
  Immediate Loan: Gold Loan is the quickest possible form of loan to meet any immediate requirement you may have.
  Security: Assurance of the security of your gold. The gold is sealed in your presence and vaulted in the safe keeping of the bank
  Additionally, if you are an IndusInd Bank customer, you get easier repayment options and lesser documentation, making the loan process simpler for you.

• What can a Gold Loan be used for?

  Gold Loan can be used for any legitimate personal purpose or business purpose. The loan cannot be used for speculative purpose such as purchase of land or gold, capital market investments or any anti-social purpose.

• How do I approach IndusInd Bank for a Gold Loan ?

  Simply walk into any of our branches, in the select cities where we offer Gold Loans.

• What are the different type of repayment option available in gold loan ?

  Monthly interest payment, EMI and Rear-Ended interest options are available

• What are the fees and charges for a Gold Loan ?

  Nature of Charge	Amount to be paid
  Valuation Fee	INR 750 for loan upto INR 2 lakh and INR 1000 for loan over and above INR 2 lakh
  Charges for late payment of loan amount	1% foreclosure charges + GST on the outstanding Loan amount
  Bounce Cheque Charges	Rs 200 per instance + GST

• How does Bank calculate the loan amount?

  The loan amount depends on the value of Gold pledged. Bank appoints a gold valuer to evaluate the purity and weights. Net Weight and Actual Karatage are determined by the Valuer. The jewellery or ornament is weighed in the presence of the borrower. Any weight from stones, beads, lac, enamel, solder, or other non-gold components is deducted from the gross weight of the jewellery / ornament. The net weight of the pure gold content is utilized for valuation. The purity of the jewellery or ornament is assessed using standard assaying techniques. Based on the result, the equivalent purity in carats is recorded. The Mark-to-Market (MTM) of collateral values in the Gold Loan System is updated through integration with the IBJA (Indian Bullion & Jewellers Association) API.

  Market Value of Gold will be determined as (Market Price of 24K Gold # Actual Karatage * Net Weight)/24.

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