Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    Vijaya Bank Gold Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.70% Fixed
    0.25% (max. ₹10000) One time fee
    6L Max
    1-5 years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria
    Personal Loan BYTES FROM OUR KITCHEN

    Overview about Vijaya Bank Gold Loan

    With all the fluctuations in interest rates, opting for a gold loan instead of a personal loan will offer you more advantages. Gold loan will offer you countless benefits including minimal documentation, easy application procedure and fast processing. Vijaya Bank Gold Loan is one of the most sought-after jewel loan products in the market because of the customer - centric features that it offers. Vijaya Bank Gold Loan will be your “friend in need” and will help you realize all your goals without finances being a hurdle.

    Types of Vijaya Bank Gold Loan

    Vijaya Bank offers two types of gold loan for the benefit of borrowers. The two variants of Vijaya Bank Gold Loan are as follows.

    • Vijaya Bank Jewel Loan

      Vijaya Bank Jewel Loan is offered to individuals of all income groups. The loan amount will be based on a daily price quoted by the bank.

    • Vijaya Gold Cash Credit

      Vijaya Gold Cash Credit is offered to existing customers of Vijaya Bank. Under this scheme, the borrower can avail credit facility in form of an operative cash credit facility against pledge of gold jewellery.

    Features and Benefits of Vijaya Bank Gold Loan

    Here are some of the features and benefits of Vijaya Bank Gold Loan that sets it apart from other gold loan products in the market.

    • The credit from Vijaya Bank Gold Loan can be used for a variety of purposes like retail trade, housing, education, small business micro credit and personal cash requirements.
    • Under Vijaya Gold - Cash Credit scheme, the customer can get a credit facility by placing jewels as security. Since this account is an “Operative Cash Credit Facility”, borrowers can make any number of credits and withdrawals (within the limit).
    • With Vijaya Gold - Cash Credit scheme, the borrower does not have to make repetitive documentation or pledge and release of jewels.
    • Customers are offered the choice to select between fixed term loan or the operative limit, based on their needs.
    • Borrowers can choose a comfortable repayment tenure. Vijaya Bank Gold Loan is offered for a period of 12 months or an operative limit of 2 years.

    Vijaya Bank Gold Loan Interest Rates

    The interest rates for Vijaya Bank Gold Loan varies from 11% per annum to up to 17% per annum depending on several factors including the loan quantum, repayment period and gold loan scheme. As interest rates are subject to frequent revision, do enquire with Vijaya Bank before applying for a gold loan.

    Eligibility for Vijaya Bank Gold Loan

    The eligibility criteria for Vijaya Bank Gold Loan schemes are given below.

    • Vijaya Bank Jewel Loan

      Individuals from all income groups including salaried, self - employed and professional candidates can apply.

    • Vijaya Gold Cash Credit Facility

      This scheme is offered to existing customers of Vijaya Bank. The borrower must be over 18 years of age.

    Documentation Required for Vijaya Bank Gold Loan

    The applicant has to submit the following documents at the time of application.

    • Completely filled application form and recent passport size photographs
    • Application for loan or cash credit against pledge of gold ornaments
    • Agreement for demand cash credit against pledge of jewels
    • Identity Proof documents (any one of the following - PAN card, passport, Voter ID, driving license, Aadhar card etc)
    • Address Proof Documents (any one of the following - ration card, passport, recent utility bills, voter ID, driving license, Aadhar card etc)

    Fees and Charges for Vijaya Bank Gold Loan

    The jewel appraisal charges for Vijaya Bank Gold Loan are given below.

    Area of Borrower Proposed Jewel Appraisal Charges
    Non - rural areas 0. 25% of the loan amount, minimum of Rs. 102 and maximum of Rs. 510.
    Rural Areas 0. 10% of the loan amount, minimum of Rs. 51 and maximum of Rs. 510.

    Vijaya Bank Gold Loan FAQs

    1. What is the maximum repayment tenure for Vijaya Bank Gold Loan Cash credit Scheme?

      The cash credit is offered for a maximum repayment period of 2 years subject to an annual review of the account during which if the account is within the sanctioned limit or DP (whichever is lower) will be ensured.

    2. What is the security for Vijaya Bank Gold Loan Cash credit Scheme?

      The customer must pledge gold ornaments which bear the Hallmark sign or 22 carat gold ornaments as security. The jewel appraiser will indicate in his report of the ornament bears the Hallmark sign or not.

    3. How is credit limit assessed for Vijaya Bank Gold Loan Cash credit Scheme?

      The credit limit will be assessed based on the following points.

      • The loan amount will be based on the maximum amount per gram or the rate of advance fixed by Vijaya Bank from time to time.

        At present, the rate of advance is as follows.

        Type of security Credit in Rs. per Gram
        For Hallmarked Jewellery and gold ornaments Rs. 1900 per gram
        For 22 carat gold jewellery and ornaments Rs. 1900 per gram
      • The credit offered will be 65% of the value of jewels as appraised by jewel appraiser of Vijaya Bank.
    4. What is the minimum loan limit for Vijaya Bank Gold Loan?

      The minimum loan quantum is fixed depending on the area.

      Area Limit
      Urban, metro and A class cities Rs. 50, 000
      Semi Urban Rs. 15, 000
      Rural Rs. 5, 000
    5. What is the margin prescribed for Vijaya Bank Gold Loan?

      The prescribed margin is 25% to 33%.

    Close

    Compare Personal Loan Offers from Top Banks. Apply Online and Get e-Approved Instantly.

    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.