Are you in need of a quick and easy way to get cash? If the answer is yes, then Bandhan Bank Gold Loan may be just what you’re looking for. This article will tell you about the Bandhan Bank Gold Loan. Find out about this loan and its various features, such as interest rates and repayment options.
Bandhan Bank Gold Loan Details
| Interest Rate | 9.40% p.a. onward |
| Loan Amount | starts from ₹10,000 |
| Loan Tenure | 6 to 36 months |
| Processing Fee | 1% of the loan amount + GST |
Bandhan Bank Gold Loan
A Bandhan Bank gold loan is a type of personal loan offered by Bandhan Bank. It is a small-sized, short-term loan that is designed to help borrowers meet their short-term financial needs. The gold loan can be used for a variety of purposes, including paying for expenses such as groceries and utility bills, covering unexpected expenses, clothing, or necessary medical supplies
The interest rate on a Bandhan Bank gold loan is typically lower than the interest rates on traditional personal loans. You can avail Gold Loan at interest rates starting from 9.40% p.a. The bank also offers borrowers the option to pay back the loan in full or in instalments. You can take a Gold Loan for a maximum period of 3 years.
Bandhan Bank Gold Loan Interest Rates – 2022
If you are looking for a low-interest rate on a gold loan, then you should consider Bandhan Bank. Their gold loans have an interest rate starting at 9.40%. This is much lower than the rates offered by other banks, and it is likely to be the lowest rate that you can find. The bank is also very reputable, so you can be sure that the gold will be returned to you if you decide to take out a loan.
| Product | Minimum Interest Rate | Maximum Interest Rate |
| Gold Loan | 9.40% | 18.50% |
Bandhan Bank Gold Loan EMI Calculator
If you are looking for a quick and easy way to calculate the EMI amount for a Bandhan Bank gold loan, then you have come to the right place. Our calculator will quickly and easily give you an estimate of what your monthly payments will be. Simply enter in the amount of money you want to borrow, and the term of the loan (in years), and our calculator will do the rest. So please don’t hesitate to use our calculator to see if a Bandhan Bank gold loan is right for you!
Read Also – Axis Bank Personal Loan
Bandhan Bank Gold Loan Eligibility
The bank is famous for its easy eligibility criteria and fast processing time. To be eligible for a gold loan from the Bandhan Bank, you must meet the following requirements:
- You must be an Indian citizen.
- Your age should be between 18 years to 70 years.
- You must have a regular source of income.
- You must have gold coins or jewellery that you own.
- You should have gold of a minimum of 18 carats.
Bandhan Bank Gold Loan Documents Required
If you want to avail a gold loan from Bandhan Bank, here’s what you need to submit with your application:
- Identity Proof: Aadhar Card, Passport, PAN Card, etc.
- Proof of address: Utility bill, Driving License, Ration Card, etc.
- Certificate by the Jewel Appraiser. The appraiser will be arranged by the bank.
How to Apply for Bandhan Bank Gold Loan Online
To apply for a Bandhan Bank gold loan, follow these simple steps:
- Step 1: Log into your online account at www.bandhank.com.
- Step 2: Click on “Loan Options” in the menu on the left-hand side of the screen.
- Step 3: Select “Gold Loan” from the list of options on the left-hand side of the screen.
- Step 4: Fill out the required information, including your name, address, phone number, and email address.
- Step 5: Click on “Submit Request” to submit your application details.
- Step 6: Your application will be processed within 24 hours, and you will be notified of the approval or rejection of your request via email.
What are the risks of a Bandhan Bank gold loan?
When it comes to borrowing money, especially if you’re not familiar with the process, there are a lot of risks involved. One of the most common is that you may not be able to repay your loan in full on time. If this happens, you could end up losing a lot of money. Additionally, if the market for gold changes dramatically while you’re still in debt, you could find yourself facing financial hardship. Fortunately, there are ways to mitigate these risks. Here are some tips:
- Talk to a financial advisor or review your loan agreement carefully before signing. This will help you ensure that you understand all the risks and can make decisions based on informed consent.
- Make sure that you have enough money saved up to cover any unexpected expenses associated with your loan. This includes both the original amount borrowed and any extra fees and interest that may be charged.
- Review your loan agreement regularly to make sure that all terms remain unchanged. If anything changes (such as interest rates), contact your lender immediately so that they can update your agreement accordingly.
- Be proactive about monitoring your credit score and credit history. This will give you an early warning if there are any changes in either.
How does a Bandhan Bank gold loan work?
If you are looking for a way to get a quick and easy loan, then a Bandhan Bank gold loan might be the perfect solution for you. These loans are available to people of all ages and can be used for a variety of purposes, including purchasing essential items such as food, clothing, or necessary medical supplies.
In order to qualify for a gold loan from Bandhan Bank, you will need to provide documentation such as your bank statement and income tax returns. Once you have submitted this information, the bank will assess your eligibility and approve or decline your loan accordingly.
Read Also – IDFC Bank Home Loan
FAQs
Q. What is the interest rate?
Ans. The interest rate for a gold loan from Bandhan Bank starts at 9.40 p.a.
Q. What is the minimum amount that can be sanctioned under the Bandhan Bank gold loan?
Ans. The minimum amount that can be sanctioned under the Bandhan Bank gold loan is Rs 10,000.
Q. What are the repayment terms for the Bandhan Bank gold loan scheme?
Ans. The repayment terms for the Bandhan Bank gold loan scheme up to 3 years
Q. What is the gold loan?
Ans. gold loan is a special credit product offered exclusively to individuals and businesses in India. It is a high-yield, short-term loan that allows customers to borrow up to one-third of their gold holdings as collateral.
Q. How do I get a gold loan from Bandhan Bank?
Ans. To apply for a Bandhan Bank gold loan, you will need to provide documentation of your gold holdings, including an appraisal. You can also visit the bank’s branch in your city or village to apply. The processing time for a Bandhan Bank gold loan is typically within 1-2 business days
Q. How long does it take for the gold loan to be disbursed?
Ans. The gold loan generally takes about 1-3 business days to be disbursed. However, this can vary depending on the volume of transactions that we are currently experiencing.
Conclusion
If you are looking for a loan that will help you achieve your financial goals, consider applying for a Bandhan bank gold loan. Bank offers competitive interest rates and easy application procedures, so there’s no reason not to take advantage of its services. If you want to learn more about this kind of lending, or if you’re interested in applying for a Bandhan bank gold loan, please visit the Bank website today.
