IDBI Gold Loan

Maximum Loan Amount

The maximum loan amount that can be availed by a borrower under this scheme is Rs.50 lakh

Loan Tenure

The minimum loan tenure offered for the IDBI Agri Gold Loan Scheme is 3 month and the maximum loan tenure that is available for this scheme is 36 months.

Documentation for IDBI Bank Agri Gold Loan

1. Identity Proof: Any one of these documents have to be provided as identity proof of the applicant - Voter's ID, Passport, PAN Card, Photo Credit Card, Existing customer's introduction, Driving License, introduction of applicant by his/her bank.
2. Income Proof: Income proof is not mandatory for self-employed individuals. This depends on the Bank's discretion. The income proof documents that have to be submitted by the applicant includes - 12 months' bank statement, last year's Income Tax Returns with income computation.
3. Address Proof: Any one of these documents have to be provided as address proof of the applicant - Ration Card, Passport, Utility Bill, Driving Licence, Credit Card Bill, Existing customer's introduction or introduction of applicant by his/her bank.
4. Proof of Business: Any one of these documents have to be provided as proof of business by the applicant- electricity bill, telephone bill, sales tax certificate or lease deed for shops and establishments.
5. Self Employed: the mandatory document that has to be provided by self-employed individuals is the copy of a valid certificate for a professional degree.
6. Other documents: Loan account statements, bank account statements, photo of the applicant, Proforma Invoice, etc. as requested by the Bank while processing the gold loan request.

How to apply for a gold loan from IDBI Bank?

Online

Given below are the steps you will need to follow to apply for a gold loan from IDBI Bank online:

1. Click on the link https://bcbf.idbibank.co.in/IOGL/index.htm.

1. Enter the details as asked for such as your name, address, date of birth, city in which you reside, etc.

1. Click on ‘Submit’.

Offline

You can go to the nearest IDBI Bank and fill in the application form and submit the necessary documents to avail a gold loan. The bank representative will further assist you with the application process and verify the documents submitted. You will also have to mortgage a gold item to avail the loan post which the loan amount will be disbursed to your bank account.

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