Gold Loan Interest Rates
You can avail Gold loans from Federal Bank at interest rates as low as 8.99% onwards. For more details, please visit the nearest branch.
Frequently Asked Questions- Gold Loan Interest Rates
1. What is Interest rates for Federal Bank Gold Loans?
The interest rate on your gold loan varies depending upon the gold loan scheme. Latest interest rates are published above.
2. Can I foreclose or prepay my Gold Loan?
Yes, you can foreclose or prepay your gold loan
3. 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.
4. How can I repay the Gold loan amount?
You can repay your Gold loan amount as bullet payment or as installments.
5. What are the factors affecting gold loan interest rates?
Factors like inflation, demand of the gold across the globe, jewellery market conditions within India, equation of Rupee and Dollar, Regulatory policy changes etc can affect the interest rates of gold loan.