Features & Benefits

Get the money you need when you need it! Your perfect banking partner offers you instant cash against gold at low interest rates.
 
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Instant sanction and hassle free processing
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Low rates of interest without any hidden charges
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Minimal Paper work and quick disbursement
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Convenient repayment options (Lumpsum, EMI) and flexible tenure
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Higher Per Gram Rates
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Minimum Loan Amount is Rs 1,000 and Maximum Loan Amount is Rs 150 Lacs
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Security for the loan will be pledge of 22 ct. gold ornaments
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Any Individual can avail Federal Gold Loan
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Can be availed for personal, business and agricultural purposes

Documents Required

If you are an existing customer, no extra documents are needed.

If you are a new customer, following documents are required:

  • Proof of Identity (Aadhar card/Passport / Voters ID card/ Driving License/PAN Card)
  • Recent Passport size photograph
  • Address Proof (Aadhar card/Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
 

Rate Per Gram

Maximum amount per gram is up to 75% of the gold price for General Gold Loans.

Interest Rates on Gold Loan & Charges

  • You can avail Gold loans from Federal Bank at interest rates as low as 7.99% onwards
  • Please visit the Interest Rates page for details
  • For service charges, please click here.

Doorstep Gold Loans

 

  • Federal Bank in association with various partners offers door step delivery of gold loans.
  1. M/s Rupeek Fintech Pvt Ltd
  2. M/s Oro Corp Technologies Pvt Ltd
  • Get gold loans at the comfort of your home.
  • Hassle-free disbursement and release at the comfort and convenience of home.
  • Available in selected cities:
  1. M/s Rupeek Fintech Pvt Ltd – Mumbai, Chennai, Coimbatore, Bangalore, Hyderabad, Jaipur, Surat, Ludhiana, Indore, Lucknow,  Chandigarh, Pune, Ahmedabad, New Delhi, Kolkata, Rajkot, Vijayawada, Mysore.
  2. M/s Orocorp Technologies Pvt Ltd – Chennai, Bangalore, Hyderabad, Pune.
  • Please visit below link for more details:
  1. https://rupeek.com/
  2. https://orocorp.in/
  3. Please visit our Grievance Redressal portal to lodge complaints if any.  

Digi Gold Overdraft

With Digi Gold Overdraft scheme, pledge the gold with the bank, your gold will be stored safely & you can withdraw up to 72% of the value of the gold whenever you are in need of funds.

Know more

Fed Smart Saver Gold Loan

We are pleased to present to you the lowest interest rate among all of our gold loan schemes, which is only 8.15 percent. 

  • No monthly interest demand. ( Bullet repayment – on due date).
  • No Penal Interest

Know More

Explore Other Agri Loans

Frequently Asked Questions - Gold Loans

What is a Gold Loan?

It is a loan secured against the gold ornaments/bank coins acceptable as per RBI guidelines, which a customer pledges with the bank. The loan amount can be utilized for personal/business/agriculture & any other non-speculative purposes. It’s a loan which can be availed quickly and easily instead of going to pawn broker with higher rate of interest.

 

What are the benefits of Federal Gold Loan?

Gold loans from Federal Bank offers you following benefits:

  • Instant sanction and hassle free processing
  • Low rates of interest
  • Minimal Paper work and quick disbursement
  • Convenient repayment and flexible tenure
  • Higher Per Gram Rates
  • No Hidden Charges
  • Security for the loan will be pledge of 22 ct. gold ornaments

 

What is the Eligibility for Gold Loan?

For a gold loan, applicants should be individuals aged above 18 years and should have gold that needs to be pledged with the bank.

 

What is the interest charge on gold loan?

The interest rate on your gold loan varies depending upon the gold loan scheme. To view the interest rates on Gold loan, please click here.

 

What is the maximum amount that can be sanctioned under the gold loan scheme?

You can avail maximum Rs.150 Lakhs under Gold loan scheme.

 

Can I foreclose or prepay my Gold Loan?

Yes, you can foreclose or prepay your gold loan

 

Can I partially repay the Gold loan amount?

Yes, you can make part-payment. However, the gold ornaments pledged with Bank will be released only after the entire outstanding amount is repaid.

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