Corporation Bank Gold Loan

Corporation Bank Gold Loan helps in getting loan against gold jewellery. In India, gold loans are cheaper and easily available as compared to personal loan. Bank takes very nominal charge for loan amount less than two lakh. You can apply for gold loan in Corporation at Loanbaba.com. At our website, you can also access Corporation bank EMI calculator and know Corporation Bank gold loan eligibility and gold loans interest rates in Corporation bank for free.

Our website, Loanbaba.com provides all information about gold loan Corporation bank.

Corporation Bank Gold Loan Details Updated on 9th April 2020
Loan Amount	Rs. 10 thousand to Rs. 2 lakhs
Loan Tenure	2 Years
Interest Rate	10.60% to 12.60%

Why Choose Corporation Bank Gold loan?

Corporation Bank has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.

Features of Corporation Bank Gold Loan

Below mentioned financial requirement can be fulfilled with Gold loan Corporation Bank:

Amount of Loan against Gold:

Repayment Period	Loan on per gram gold
Below 12 months	On 24 carat basis, 2000 Rs. per gram
Above 12 months	On 24 carat basis, 1900 Rs. per gram

Why Apply for Corporation Bank Gold Loan?

Loanbaba provides comprehensive information about gold loans online by Corporation Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for Loan against gold online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Corporation Bank Gold Loan Interest Rates

Updates Corporation Bank Gold Loan Interest Rates is (10.60% to 12.60%) as follows:

Gold Loan Features and Schemes	Gold Loan Interest Rates
Jewel Loans for other reason than agricultural needs	12.6%per annum interest rate if amount is more than two lakh. 11.6%per annum interest rate if amount is up to two lakh.
Loan by mortgaging gold jewellery	Connected to base rate, at present it is 10. 65%per annum
Jewel Loan for agriculture requirement	10.6% per annum for time period of 12 months 11. 1% per annum for time period of 12-24 months. 7% per annum for short term crop production Jewel Loan

Corporation Bank Gold Loan Eligibility Calculator

Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost Corporation Bank gold loan eligibility calculator at Loanbaba.com

Types of Corporation Bank Gold loans

Corporation Bank has gold loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

• Jewel Loans apart from Agriculture (CAOD /CADL)

Applicant can keep their gold ornaments in the form of security and get loan for the personal expenses, housing or educational purpose.

• Mortgage of Gold Jewellery

In this scheme applicant can get gold loan online and fulfil their personal or business requirements.

• Agriculture Jewel Loan (ACAOD /ACADL)

In this scheme of bank customer can place their gold jewellery and can required loan amount for agricultural reason. One can use loan for crop or for purchase of farm. In this scheme applicant can get maximum amount till 3 lakh and 12 month is the maximum duration to pay back the loan.

Corporation Bank Gold loan FAQs

Below provided are important questions about gold loan Corporation Bank.

• addFAQs
  1. What is the eligibility criteria needed for Gold Loan Corporation Bank Corp?

  Those customers who have involved themselves in small manufacturing units, small business, and retail trade can apply for this loan on gold from bank. Apart from these self- employed customers, professionals and agriculturist are also applicable for Corporation Bank Corp Gold Loan. Pensioners and those who are salaried can also apply for this gold loan.

  2. What is the list of documents required for gold loan from Corporation Bank?

  • Documents for Identity proof
  • Application form should be completely filled.
  • Documents for address proof.
  • Current photographs in passport size

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Corporation Bank.