Are you in need of money to meet your urgent expenses ? Searching for funds to expand your business or for education of your child ? Whatever be your needs, Gold loan from Federal Bank is the easiest option for you to get instant finance. Federal Bank provides you hassle-free, instant Gold loans at lowest interest rates.
Gold Loans from Federal Bank are specially designed Loan Schemes that allows you to meet your personal consumption, business needs and any such urgent unforeseen expenses in the matter of a few minutes. There are no processing fees, hidden charges or heavy penalties for Gold Loan.
Purpose
You can avail Gold loans from Federal Bank for any personal or household purpose.
Amount
Gold loans are available for a maximum amount up to Rs 75 Lacs
Period
General Gold Loan - Maximum 12 months
Special Gold Loan – Maximum 6 months
Rates & Interest
Please refer the rates & charges page
Security
Pledging of Gold ornaments / medallion of 22ct fineness
Rate per gram
General Gold Loan - 75% of market value of Gold subject to a maximum of Rs.2000/- per gram
Special Gold Loan - 80% of market value of Gold subject to a maximum of Rs.2100/- per gram
Repayment of Gold Loan
Repayment of Gold loan is as Lump sum with interest
Why Federal Bank Gold Loan?
- More money at Lower interest rates
- No Hidden Charges or Heavy Penalties
- Processed within a few minutes
- Loan up to a maximum amount of Rs. 75 lakhs
- Savings Account is not required upto Rs.2 Lakhs
- No collateral security required
- Lump sum repayment option
- No restriction in number of gold loans per day per borrower
- Supported by over 900 branches