Interest Rates & Loan Details
- Interest Rate: Fixed interest rate of 0.88% per month.
- Loan Amount: Ranging from 20,000 to 1.5 crore.
- Loan Tenure: Flexible tenure options available.
- Processing Fee: Applicable charges based on the loan amount.
- Pre-closure Charges: Subject to bank policies.
- Loan-to-Value (LTV) Ratio: Up to 75% of the gold’s market value.
Eligibility Criteria
- Age: Minimum 18 years.
- Ownership: Must own gold ornaments or jewellery.
- Customer Status: Available for both salaried and self-employed individuals.
Documents Required
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Driver’s License.
- Address Proof: Aadhaar Card, Utility Bill, Passport, or Voter ID.
- Photographs: Recent passport-sized photos.
Repayment Options
- Bullet Repayment: Pay principal and interest at the end of the loan tenure.
- EMI Option: Monthly repayment of principal and interest.
Key Considerations Before Applying
- Gold Quality: Loans are based on the purity and weight of the gold.
- Loan Terms: Read and understand all terms before signing.
- Gold Security: Non-repayment may lead to the auction of pledged gold.
Benefits of Kotak Mahindra Bank Gold Loan
- Quick Loan Approval: Instant processing and same-day disbursal.
- Competitive Interest Rates: Attractive rates for short-term financing.
- High Loan Value: Loan up to 75% of gold’s market value.
- Flexible Repayment: Multiple repayment options available.
- No Guarantor Required: The pledged gold itself serves as collateral.
Contact Kotak Mahindra Bank
- Customer Care: Please visit the official website for contact details.
- Official Website: Kotak Mahindra Bank
Disclaimer: The above information is subject to change. For the latest updates, please refer to the official Kotak Mahindra Bank website or contact your nearest branch.
