Bandhan Bank Gold Loan

Gold Loan at 1%* p.m.

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Bandhan Bank Gold Loan

Bandhan Bank Gold Loan helps customers meet their various monetary requirements like medical emergency, debt consolidation, etc. Furthermore, The Bank is committed to easy documentation as well as fast allotment helping customers to avail a lot of services making their life easier by being better at finance management.
Also, anyone looking for fast and straightforward disposal of Bandhan Bank Gold Loan may apply with Bandhan Bank by checking in all the documentation and suitable requirements.

Why opt for Bandhan Bank Gold Loan

Uniquely, Bandhan Bank grants you Gold Loan starting at Rs.10000 to Rs.2 crores depending on the client’s financial power, credit score, and professional background.
Furthermore, customers can benefit the Gold Loan without much tension, and they can have their request permitted inside four working hours.
Bandhan Bank requires very less documentation for the approval of the Loan, and the loan process is very speedy.
Also, no Guarantor or Cosigner is required to avail the Loan.

Eligibility for Bandhan Bank Gold Loan

Salaried

Profession: The person should be working in a government, private or MNC Company.
Eligible Age: The Minimum age to apply for a Personal Loan is 18 years.

Self-Employed

Eligible Age: The Minimum age to apply for a Personal Loan is 18 years.

Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.
The customer has to be a citizen of India.
The borrower must possess an updated Aadhaar ID.
The customer should hold an active bank account that has an internet banking facility.

Bandhan Bank Gold Loan Interest rate

Interest rates start from 10.99% and vary according to the following reasons;
Profile of Customers
Tenure of the Loan
Geography of residence
Nature of Collateral (If provided)
Prior/Existing relationship with the Bank.

Documents Required

Salaried

Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
Address proof: Ration card, Passport, rent agreement, electricity/water bill.
Last six months Bank statement & 3 months’ salary slip
Latest form 16
PAN card

Self-Employed

Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
Address proof: Ration card, Passport, rent agreement, electricity/water bill.
Equally, important are last six months Bank statements.
Likewise, Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.

Tenure

As a matter of fact, Tenure is the period for which you get the Loan; here it is for one to three years.

About Bandhan Bank

Bandhan Bank Ltd. is an Indian banking and financial services company mainly located in Kolkata, West Bengal. This bank started in 2001 as a not-for-profit enterprise that was mainly about financial inclusion of women empowerment through proper job creation. It gave microloans for work creation activities. In few years, Bandhan turned into a micro finance Non Banking Financing Company to extend the basic objective of money inclusion. When Bandhan Bank started operations in August, 2015, it was the first time that a microfinance company transforming into a proper bank in India. On the launch itself, Bandhan Bank started with almost 2,523 banking outlets.

FAQs (Frequently Asked Questions)

Q1. Why should I take a gold loan from Bandhan Bank?
Ans. Bandhan Bank gold loan per gram allows you to know an estimate of the amount of Loan you can get in exchange for your gold jewelry. Moreover Credit is provided based on the purity of gold and the price of your jewelry adjusted for Loan to value the ratio.
Q 2. What interest is charged Gold Loan?
Ans. 10.70% is the minimum interest rate charged by the Bank.
Q 4. What is the tenure of Bandhan Bank Gold Loan?
Ans: The tenure of Gold Loan is 3-36 months.
Q 5. What amount Gold Loan amount I can borrow from Bandhan Bank Gold Loan?
Ans: Comaparatively, The applicant can get a loan amount of Rs. 10 thousand-2 crores at maximum for three year.
Q 6. How much does the Bandhan Bank Gold Loan charge a processing fee?
Ans: The processing fee charged is 1% for gst.
Q 7. Is age an eligibility criterion in getting a Gold loan?
Ans: Yes, age is a factor to apply for a Gold loan. The minimum age of the applicant should be 18years.
Q 8. Do prepayment charges on a Gold loan from Bandhan Bank apply?
Ans: The pre-closure charges are 0.