Federal Bank Gold Loan – Interest Rates 2024 Schemes
Federal Bank offers gold loan schemes in four different categories – Women, cash against gold, Apna gold 24 x 7, Goldlite. Details on Documents, Interest rates & features of various schemes.
Interest Rates on Gold Loans – Federal Bank:
- Gold Loan (Goldlite) – 8.50 onwards
Diva Gold / Gold Loan for Women:
Federal Bank presents Diva Gold, a special gold loan scheme exclusively for women, which caters to the specific needs of a woman.
Features:
- No processing fee
- No hidden charges
- Speedy processing
- Loan can be availed up to Rs 100 Lakh
- Available in 6 Months / 12 Months tenure
- Repayment can be made in lumpsum
Eligibility:
Who can avail the loan?
- Any woman customer (Individuals) can avail Diva Gold loan.
- Loan amount can be used meet any personal/lawful needs of the customer
Apna Gold 24 X 7:
Now get the unique Gold loan facility from Federal Bank – gold loans with overdraft facility. Enjoy the comfort of withdrawing loan amount through debit card with an overdraft facility against pledged gold.
Key features
- Cash/Shopping 24*7 through multiple channels
- Facility of a locker
- A secured credit card
- Free insurance cover
- Longer tenure of 36 Months
- Visit Branch only once in 36 months for renewal
- Recycling credit/Overdraft facility
- Loan amount up to 75 lakhs
- Interest only for the amount used and for the actual days of use
- Partial withdrawal
- Simple formalities
Security for the loan will be pledge of 22 ct gold ornaments
Who can apply
Any Individuals who own gold ornaments/coins
Documents Required for Gold Loan:
If you are a new customer, following documents are required:
- Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
- Recent Passport size photograph
- Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
