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. With the lowest interest rates and zero hidden costs, Federal Bank provides gold loans up to a maximum amount of 75 lakhs for Individuals.
Purpose
Any personal or household purpose.
Amount
Maximum 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
Gold ornaments / medallion of 22ct fineness
Rate per gram
80% of market value of Gold subject to a maximum of Rs.2000/- per gram
Repayment of Gold Loan
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
- No collateral security required
- Lump sum repayment option
- No restriction in number of gold loans per day per borrower
- Supported by over 885 branches