Karnataka Bank Gold Loan


Karnataka Bank, one of India’s leading private sector banks, has a legacy of trust and innovation, offering financial services. Known for its customer-centric approach, the bank comes with Karnataka Bank’s Gold Loan, a convenient and reliable solution for your financial needs.

Karnataka Bank gold loan and its interest rates aims to address various requirements, whether for agriculture, business expansion, or personal emergencies.

The webpage offers a comprehensive guide to Karnataka Bank's Gold Loan products, covering features, interest rates, application process, benefits, eligibility, and customer care support.


Karnataka Bank offers a gold loan with an interest rate starting at 10.68% p.a., a loan tenure ranging from 6 to 12 months, and a minimum loan amount of ₹50,000.

The loan is designed to help individuals leverage their gold assets for immediate financial needs with competitive interest rates.

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Table of Contents:

Karnataka Bank Gold Loan Details

Karnataka Bank offers a Gold Loan that lets you leverage your gold ornaments to access immediate funds. The table below provides updated details about the Karnataka Bank Gold Loan to help you make an informed decision.

Feature Details
Interest Rate Starting at 10.68% p.a.
Loan Tenure 6 to 12 months
Loan Amount Minimum ₹50,000
Note: Interest rates for gold loans are determined based on the loan-to-value (LTV) ratio, the quality of the gold, and prevailing market rates.

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KBL-Swarna Bandhu Scheme

Partnered with Sahibandhu FinTech, Karnataka Bank has launched a gold loan product KBL Swarna Bandhu. This service allows customers to apply for and receive gold loans conveniently from their homes. Sahibandhu Fintech is a business correspondent, facilitating the loan process and making it easier for customers to access the service.

KBL-Swarna Bandhu Scheme Details

The table provides the details related to the Swarna Bandhu Scheme - KBL. From the information about loan amount, and interest rates, to the tenure period that helps borrowers choose the right option, plan repayments, and meet their financial needs effectively.

Category Details
Limit of Advance ₹50,000 to ₹1,00,000
Rate of Interest General Gold Loan: 13.50%
Agricultural Gold Loan: 14.00%
Loan Tenure Up to 12 months

Compare Gold Loan Interest Rates

The table provides an easy comparison of gold loan interest rates for top different banks & NBFCs, to help you choose the gold loan well suited for you.

Bank/NBFC Gold Loan Interest Rate % p.a.
Karnataka Bank Gold Loan Starting at 10.68% p.a.
Bank of Maharashtra Gold Loan 9.30%
SBI Gold Loan 9.05%
IIFL Finance Gold Loan 11.88% - 27% p.a
Bajaj Finserv Gold Loan 9.50% - 28% p.a.

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Note: The interest rates mentioned above are subject to change at the lender's discretion.

Steps to Apply for Karnataka Bank Gold Loan

Get access to an easy Karnataka Bank Gold Loan application process in just three simple steps. With the best gold loan interest rates, comes competitive deals based on the Karnataka Bank gold loan per gram today, making it a reliable choice for leveraging your gold.

Follow the steps and apply for your Karnataka Bank Gold Loan now:

  1. Visit Your Nearest Branch
    Head to the closest Karnataka Bank branch to start your gold loan application.
  2. Provide Basic Details
    Share your basic details and submit the required documents.
  3. Loan Approval
    Our branch officials will handle the rest and notify you once your loan is approved.

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Benefits of Karnataka Bank Gold Loan

Karnataka Bank Gold Loan provides a reliable and efficient solution to meet your financial needs. Here are additional reasons why Karnataka Bank Gold Loan is the better choice for you:

Access to Funds: Karnataka Bank Gold Loans are ideal for short-term financial needs or emergencies, offering fast processing and disbursals, often within a few hours, with minimal documentation.

Interest Rates: Karnataka Bank gold loans are cost-effective, thanks to the security provided by collateral. Borrowers can also leverage the bank’s gold loan EMI calculator to plan their repayments efficiently.

Flexible Repayment: Borrowers can choose repayment terms that suit their needs, including interest-only payments during the loan tenure and principal repayment at the end, ensuring financial flexibility.

Maximized Value for Your Gold: Karnataka Bank offers competitive gold loan interest rates and ensures borrowers receive the best value with its maximum gold loan per gram offering, allowing them to leverage their gold assets without selling their cherished ornaments.

Karnataka Bank Gold Loan Eligibility

The table provides eligibility criteria for Karnataka Bank's gold loan. It outlines the following requirements:

Eligibility Criteria Details
Residency Must be an Indian resident
Age Individuals above 18 years
Income Group Suitable for all income groups
Credit History No credit history required
Note: The interest rates are subject to change based on the creditworthiness of the applicant.

Karnataka Bank Gold Loan Customer Care

For any queries or assistance regarding Karnataka Bank Gold Loan, their dedicated customer care team is just a call away. Whether you need help with the loan application process, repayment options, or understanding the latest Karnataka Bank gold loan interest rates, the team ensures prompt and efficient service.

Toll-Free Numbers:

  • 1800 425 1444
  • 1800 572 8031

Reach out to Karnataka Bank Gold Loan Customer Care for support on gold loan schemes, including the KBL-Swarna Bandhu Scheme, or for general inquiries about the bank’s services.

Points to Note Before Taking a Gold Loan

Taking a gold loan can be an effective way to meet financial needs, but it’s essential to consider several factors to make an informed decision. Here are key points to remember:

  • Understand Interest Rates: Gold loan interest rates are determined by the loan-to-value (LTV) ratio, the quality of gold, and current market rates.
  • Loan Amount: The loan amount is a percentage of the gold’s current market value, so it's vital to understand the lender's valuation process.
  • Evaluate Loan Terms: Be clear about the tenure, interest rates, and any processing or handling fees associated with the loan.
  • Market Fluctuations: Monitor gold prices, as significant drops can affect your loan terms or increase your liability.
  • Secure Storage: Ensure the pledged gold is insured and securely stored by the lender.
  • Repayment Structure: Understand the repayment schedule and ensure it aligns with your financial capacity to avoid default.
  • Emotional Value: Consider the emotional significance of the gold being pledged and be cautious about the risk of losing it in case of default.

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Frequently Asked Questions

The gold loan rate at Karnataka Bank depends on gold value, purity, and bank-set LTV ratio. Check the bank or website for rate updates.

The loan amount for 10 grams of gold varies based on purity, market value, and the bank’s LTV ratio (typically up to 75% of gold value). At ₹5,000 per gram, you could receive around ₹37,500.

The value percentage, or LTV ratio, for Karnataka Bank gold loans is generally up to 75% of the gold's market value, subject to the quality and purity of the gold.

The interest rate for Karnataka Bank gold loans typically starts at 10.68% p.a.. The exact rate depends on factors such as the loan amount, tenure, and loan type (e.g., general or agricultural gold loans).

Typically required documents include ID Proof (Aadhaar, PAN, passport, voter ID), Address Proof (utility bills, Aadhaar, passport), photographs, and a completed loan application form.

For Karnataka Bank savings accounts, the minimum balance requirement typically ranges from ₹500 to ₹5,000, depending on the type of account and location.

Visit your nearest Karnataka Bank branch to submit a written request with supporting documents for clearing dues and conditions associated with the lien, and the bank will remove it from your account.

Karnataka Bank offers gold loans from ₹50,000 to ₹1,00,000 through schemes like KBL-Swarna Bandhu, with higher limits determined by gold value and borrower profile.

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