Karnataka Bank Gold Loan

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Karnataka Bank Gold Loan is the best finance you can take help of when in need of fulfilling urgent expenses. The KBL Agri Gold Loan Scheme is also known as the Karnataka Bank Gold Loan Scheme. It is specific and is created to meet the expenditure which is agricultural in nature. Hindu Undivided Families (HUFs), corporate and farmers can avail of the facility. Peasants can apply for this scheme in association with someone or individually.

Karnataka Bank Gold Loan Details Updated on 12th December 2018

Loan Amount

Maximum:

a) Rs 1, 00, 00,000 per borrower

b) Rs. 25, 00,000 per account

c) Rs. 3, 00,000 for Agri Subvention

Loan Tenure

12 months

Interest Rate

7%

At Loanbaba.com, you can also access Karnataka bank EMI calculator and know Karnataka Bank gold loan eligibility, documents required for gold loan, and gold loans interest rates in Karnataka bank for free. Loanbaba.com provides all the information about Gold Loan Karnataka Bank.

Why Choose Karnataka Bank Gold loan?

Karnataka 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 Karnataka Bank Gold Loan

  1. Below mentioned financial requirement can be fulfilled with Karnataka Bank Gold Loan:-
  • Gold Types

The bank accepts all the jewellery and ornaments made of gold for granting loan against gold. Minted gold metallic money sold in banks is readily accepted. Gild coin’s mass exceeding from fifty grams per borrower is prohibited.

  • Highest Credit Amount

Rupees three lakh (maximum) is lent to candidates borrowing for agricultural subvention. For agricultural production purposes rupees twenty five lakh (maximum) is given to each account and rupees one lakh (maximum) is given to each borrower.

  • Return Of Credit

The principal amount of the credit must be returned before or on the date of maturity. The interest may be paid on the due date or on yearly basis. An interest rate of eighteen percent (Goods and Services Tax) will be added to all banking commodities and services starting from first of July, 2017.

Why Apply for Karnataka Bank Gold Loan?

Loanbaba provides comprehensive information about gold loans online by Karnataka 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.

Karnataka Bank Gold Loan Interest Rates

Interest rate of Gold Loan in Karnataka Bank is 7% per year. The Karnataka bank gold loan interest rate is discounted for loan on agricultural subvention.

Rate of interest for loan against gold depends on the current rate set by bank and product variant.

Karnataka Bank Gold Loan Eligibility Calculator

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

Types of Karnataka Bank Gold loans

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

Karnataka Bank Gold loan FAQs

Below provided are important questions about gold loan Karnataka Bank.

  • addFAQs
    1. What is the guarantee (if any) needed for gold loan?
    2. The gold promised to bank as for credit money serves as collateral security. Crops and property are to be hypothecated as primary guarantee.

    3. What is the term of credit for gold loan Karnataka Bank?
    4. For both agricultural subvention and production the bank provides, highest loan tenure is one year on gold loans.

    5. Which Commodities are available under the KBL Agri Gold Loan Scheme?

    For Agricultural subvention and production the scheme offers loan in exchange of gold as security. According to the instructions of the central government of India, agricultural subvention is carried out in semi urban as well as the rural bank branches.

Karnataka Bank Gold Loan Review


Gold Loan
star star star star star 14.0/5
As I was holding a savings account with Karnataka bank they gave me Gold Loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai December 10, 2018
Gold Loan
star star star star star 15.0/5
Taking Gold Loan in Gujrat by Karnataka bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Karnataka without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai December 9, 2018
Gold Loan
star star star star star 13.0/5
The Karnataka bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai December 9, 2018
Gold Loan
star star star star star 11.0/5
I could not get Gold Loan from Karnataka bank just because I had lacked in few documents.
Mumbai December 8, 2018

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