IDFC FIRST Bank Gold Loan Details
Overview
IDFC FIRST Bank offers Gold Loans with interest rates starting from 0.90% per month. You can avail loan amounts ranging from ₹25,001 up to ₹50,00,000, with flexible repayment tenures. The bank provides a hassle-free, digital, and paperless process, ensuring the safety of your gold in world-class vaults.
Key Features
- Loan Amounts: Starting at ₹25,001 and up to ₹50,00,000.
- Repayment Plans: Choose from Bullet, Monthly Interest, and EMI options.
- Digital Process: Fully digital onboarding, including eKYC, eSign, and eMandate.
- Fixed Interest Rates: Competitive and fixed rates with no step-up.
- Instant Disbursal: Get up to 75% of your gold’s value disbursed quickly.
- Secure Storage: Your gold is stored in state-of-the-art bank vaults.
Eligibility Criteria
- Age: 18 to 70 years.
- Nationality: Indian residents, including salaried, self-employed, housewives, and students.
- Gold Purity: Jewellery of 18 to 22 karats and bank-issued gold coins up to 50 grams per customer.
Required Documents
Only eKYC or valid KYC documents are required. For express disbursal:
- Net Banking or Debit Card details to set up e-Mandate.
- e-Signature/e-Stamp.
Fees & Charges
- Processing Fees: Up to 1% of the loan amount.
- Gold Valuation Charges: ₹550 per case.
- Stamp Duty: As per actual state norms.
Application Process
- Visit the nearest IDFC FIRST Bank branch with your gold jewellery.
- Undergo gold valuation by authorized appraisers.
- Submit the required documents.
- Upon successful verification, the loan amount will be disbursed quickly.
Contact Information
For more details or to apply for a Gold Loan, visit the nearest IDFC FIRST Bank branch or apply online through the official website.
