Bharatiya Mahila Bank Limited Gold Loan Interest Rate at 8.75% to 9.60%

Note: Updated on 23 Feb 2024, for latest interest rates, please visit bank website.

About Bharatiya Mahila Bank

Bharatiya Mahila Bank Limited is a public sector bank in india. It has headquarter in Delhi. Bharatiya Mahila Bank Limited was founded on Nov. 19, 2013. It has 107 branches and

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Find details about Bharatiya Mahila Bank Limited which includes Bharatiya Mahila Bank Limited Official Website, Bharatiya Mahila Bank Limited ATMs accross the India, Bharatiya Mahila Bank Limited Branches accross the India, Bharatiya Mahila Bank Limited Contact Numbers, Bharatiya Mahila Bank Limited official EmailID, Bharatiya Mahila Bank Limited Headquarter and Bharatiya Mahila Bank Limited Headquarter Address. Find Bharatiya Mahila Bank Limited Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.

Other Products of Bharatiya Mahila Bank Limited:

The purpose of the Gold Loan is to provide loan to borrowers against pledge of their gold |gold ornaments| gold coins to meet their urgent financial needs with lower interest rate and faster disbursement.

Bharatiya Mahila Bank Gold Loan Eligibility

1. Person should be at least 18 years old.
2. Any person who owns gold | gold ornaments | gold coins that needs to be mortgaged with the bank.
3. Person should have a regular income (optional).
4. Persons who are having Savings or Current account with the bank (optional).

Bharatiya Mahila Bank Gold Loan Document Required

1. Duly filled up and signed gold loan application form
2. 2 passport size photographs
3. Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
4. Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
5. Proof of income -Latest salary slip showing all deductions or Form 16 or Income Tax Returns of 2 previous financial years (optional)

Bharatiya Mahila Bank Gold Loan Amount

Minimum Rs.20,000 & Maximum Rs. 50 lakh

Security

Gold or gold ornaments or gold coins etc. and since these can easily get liquidated in case of any default, banks offer these loans easily and at lower rates.

Bharatiya Mahila Bank Gold Loan Tenure

It is a short term loan. As per RBI guidelines, the tenor is limited to 1 year, in case of non-agriculture use. Some of the banks offer the tenure of upto 36 months too. You can take your gold back from the bank after you repay the loan completely.

Bharatiya Mahila Bank Gold Loan Repayment

Repayment structure depends on the bank. Mostly, banks permit repayment through EMIs or a bullet repayment at the end of loan term. In case of bullet payment at the end, borrowers need to pay interest on time. The principal amount will be paid in a bullet payment at the end.

Charges Associated with Gold Loan

1. Processing Fee: Some banks charge the processing fee which fee can be if negotiated, may be waived off. Valuation Fee: Some banks charge a small amount for valuation of gold. This is paid to the third party valuer.
2. Pre-payment Penalty: Some banks may charges penalty for pre-payment of loan.
3. Late payment Penalty: It is charged if you make any delay in payment of interest.

Things that you must know before Applying for a Gold Loan

In India, we have emotional attachment with gold because usually, it is kept in the form of family jewellery. When we want to avail gold loan, we are required to keep this gold as a collateral which we do not agree so easily.

It is also required for you to be aware of the quality of gold which qualifies for the gold loan. The purity of gold which is required as a collateral for gold loan should be 18-22 carat or above. No value of precious gems studded in the gold jewellery is taken into account. It is also equally important for the borrowers to go through the terms and conditions mentioned in loan agreement thoroughly.

Further, if you are unable to repay the gold loan on time then there are high chances of losing your pledged gold/ gold jewellery. This may cause undue pressure on you. Hence, it is very necessary for you to think beforehand whether you will be able to repay the gold loan conveniently.

Contact details of Bharatiya Mahila Bank Limited, Bharatiya Mahila Bank Limited SMS balance check number, Bharatiya Mahila Bank Limited SMS banking, Bharatiya Mahila Bank Limited mobile banking, Bharatiya Mahila Bank Limited toll free number,Bharatiya Mahila Bank Limited toll free number 24*7, Bharatiya Mahila Bank Limited miss call number.

• MISSED CALL NUMBERS - 9212438888
• CUSTOMER CARE NUMBERS - n.a.
• CONTACT NUMBERS - 011-47472100, 9910996518

Bharatiya Mahila Bank Limited Contact Details

• BANK OFFICIAL WEBSITE - https://www.sbi.co.in
• CONTACT NUMBERS - 011-47472100, 9910996518
• EMAIL ID - [email protected], [email protected]
• MISSED CALL NO. - 9212438888
• CUSTOMER CARE NO. - n.a.
• TOTAL BRANCHES - 107
• HEADQUARTER - Delhi
• BANK ADDRESS - Registered Office,9th Floor, IFCI Tower 61, Nehru Place,New Delhi - 110019

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