IndusInd Bank Gold Loan

Eligibility Criteria IndusInd Bank Gold Loan

The eligibility criteria you will need to fulfil in order to avail gold loan from IndusInd Bank is given below:

1. The minimum age of the applicant should be 18 years while the maximum age of the applicant should be 70 years.
2. The applicant must have gold in order to avail gold loan from the lender.
3. The minimum age of non-individual borrowers is 3 years.
4. No proof of income required if you are availing loan of up to Rs.10 lakh.
5. Modes of disbursal are RTGS, NEFT, pay order, or cash.

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Documents Required to Apply

The list of documents you will have to submit in order to avail gold loan from IndusInd Bank is given below:

1. Proof of identity such as PAN Card, Aadhaar Card, etc.
2. Proof of residence such as Passport, utility bills, etc.
3. Proof of signature.

1. Photographs of the applicant.

Fees and Charges

Nature of charge	Fees to be paid
Processing Fee	Up to 1% of the loan amount subject to a maximum amount of Rs.750.
Valuation Fee	Rs.500 for loan up to Rs.2 lakh, and Rs.750 for loan over and above Rs.2 lakh.
Charges for late payment of loan amount	24% per annum as penal interest over and above the applicable interest of rates.
Stamp duty and other statutory charges	Applicable as per the law of the State.
Renewal Processing Fees	Up to 1% of the outstanding amount.
Prepayment/Partpayment charges	NA
Non-standard repayment charges	NA
Credit assessment charges	NA
Cheque swapping charges	NA
Outstation clearing charges	NA
Bounce Cheque Charges	NA
Loan cancellation / re-booking charges	NA

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FAQs on IndusInd Bank Gold Loan

• How can I apply for a gold loan from IndusInd Bank online?

  You can visit the official website of IndusInd Bank and under 'products', click on 'loan', and then click on 'gold loan'. You will be directed to a new page where you will be able to locate 'Apply Now'. A new page will open where you will have to enter the required details. Once you have entered all the details, you will have to click on Apply. The bank will get back to you and will give you further instructions. Once you fulfil the requirements, the bank will disburse the loan amount to your bank account.

• What should I do if I want to apply for a gold loan from IndusInd offline?

  You will have to visit the nearest IndusInd Bank with gold as your security and the required documents. The bank official will then help you with the process of applying for a gold loan.

• What is the tenure for which I can avail gold loan from IndusInd Bank?

  The tenures for which you can avail gold loan from IndusInd Bank ranges between 3 months and 24 months.

• I have some doubts regarding the availing of gold loan from IndusInd Bank. What should I do?

  You can get in touch with an IndusInd Bank customer care executive by calling on the number 1860-500-5004 or on 022-44066666. A customer care executive will get in touch with you and will help you with your query.
  You can also avail the 'Let us call you' facility. You can visit the official website of the bank and on scrolling down, you will find the link to this facility. On clicking on the link, you will be directed to a separated page, where you will have to enter your details as required by the bank. Once you have entered all the necessary details, click on 'Apply'. You will then later receive a call from a customer care executive from the bank who will assist you with your doubts related to gold loan.

• Does IndusInd provide the gold loan facility everywhere in India?

  No, IndusInd Bank does not provide gold loan facility everywhere in India. You can visit the official website of IndusInd Bank to find out the cities and states in which they offer the gold loan facility. In case you reside in a city where the bank does not provide the gold loan facility, you can apply for gold loan on the bank's website. A customer care executive will get in touch with you and will help you further with the steps regarding the availing of gold loan from the lender and steps you will have to follow if you reside in a city where the bank does not offer the gold loan facility.