RBL Bank Gold Loan is an ideal solution to meet your immediate liquidity needs. With competitive RBL Bank gold loan interest rates, you can rely on us to provide the financial support you need, allowing you to focus on living life comfortably while we take care of your instant funding requirements.
The loan amount for RBL Bank Gold Loan starts from INR 25,000 to INR 25 Lakhs, with a loan tenure of 3 months to 12 months.
RBL Bank Gold Loan Interest Rates & Charges
The following table provides an overview of the key features of the RBL Bank Gold Loan, including loan amount, tenure, interest rate, and repayment options to help you make an informed decision.
| Feature | Details |
|---|---|
| Loan Amount | INR 25,000 to INR 25 Lakhs |
| Loan Tenure | 3 months to 12 months |
| Interest Rate | Competitive |
Disclaimer: The interest rates and loan terms are subject to change based on market conditions and the applicant’s profile.
Are you looking for a personal loan?
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
Features & Benefits of RBL Bank Gold loan
RBL Bank Gold Loan provides a variety of features designed to offer quick financial solutions with minimal hassle. Here are the detailed benefits:
Loan Amount: Loan amounts range from INR 25,000 to INR 25 Lakhs, catering to different financial needs, whether personal or business-related.
Loan Tenure: Flexible loan tenure options from 3 months to 12 months, giving you the freedom to choose a repayment term that suits your needs.
Higher Loan-to-Value (LTV) Ratio: RBL Bank offers a higher LTV ratio based on the current market price of your gold, ensuring you get the maximum possible loan value.
On-the-Spot Gold Valuation: Immediate assessment and valuation of your gold at the branch to determine your loan eligibility, followed by swift loan disbursal.
Safe Storage of Gold: Your gold is securely stored in RBL Bank’s vaults, ensuring its safety throughout the loan tenure.
Convenient Repayment Options: Repayment options include monthly interest servicing, with principal repayment at the end of the loan tenure, making it easier to manage cash flow.
Minimal Documentation: RBL Bank simplifies the application process by requiring minimal documentation, making the loan approval process quick and hassle-free.
Compare Gold Loan Interest Rates
Here’s a comparison of gold loan interest rates across Top banks and NBFCs to help you choose the best option:
| Bank/NBFC | Gold Loan Interest Rate % p.a. |
|---|---|
| RBL Bank Gold Loan | Competitive RBL Bank Gold Loan Interest Rate |
| 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. |
| HDFC Bank Gold Loan | 8.30% to 16.55% |
| Central Bank of India Gold Loan | 8.45% to 8.55% |
| Union Bank Gold Loan | 7.90% to 9.80% |
| UCO Bank Gold Loan | 8.50% |
| Indian Bank Gold Loan | 8.65% to 9.00% |
| IndusInd Bank Gold Loan | 8.75% to 16.00% |
| Kotak Mahindra Bank Gold Loan | 10.00% |
| Bandhan Bank Gold Loan | 8.75% to 19.25% |
| Punjab & Sind Bank Gold Loan | 8.85% |
| Bank of Baroda Gold Loan | 9.15% |
| Punjab National Bank Gold Loan | 9.25% |
| Federal Bank Gold Loan | 9.49% |
| City Union Bank Gold Loan | 9.50% |
| Canara Bank Gold Loan | 9.60% |
| J & K Bank Gold Loan | 10.00% |
| ICICI Bank Gold Loan | 10.00% |
| Karur Vysya Bank Gold Loan | 10.25% |
| South Indian Bank Gold Loan | 10.01% |
| Karnataka Bank Gold Loan | 11.21% |
| Axis Bank Gold Loan | 17.00% |
| Muthoot Finance Gold Loan | 22% p.a. with a 2% rebate if 100% interest is paid monthly |
| AU Small Finance Bank Gold Loan | Up to 24.00% |
Note: The interest rates mentioned above are subject to change at the lender’s discretion.
Don’t know your credit score? You can find out for free!
RBL Bank Gold loan Eligibility
The table below outlines the eligibility requirements for availing RBL Bank Gold Loan, including the applicant’s age, residential status, and gold security criteria.
| Eligibility Criteria | Details |
|---|---|
| Applicant Type | Any Indian resident who owns gold jewelry |
| Minimum Age | 21 years |
| Maximum Age | 60 years (for salaried individuals or retirement age, whichever is lower), 65 years for pensioners, 70 years for self-employed individuals |
| Security – Gold Jewellery | Gold jewelry must have a minimum purity level of 18 karats and above |
| Weight | The weight of stones in the jewelry should not exceed 40% of the total weight of the jewelry |
Note: The gold jewelry used as security for the loan must have at least 18 karat purity, and the weight of stones in the jewelry should not exceed 40% of the total weight.
These criteria help in determining the loan amount and ensuring the loan process is secure for both the bank and the borrower.
Documents Required for RBL Bank Gold Loan
To apply for RBL Bank Gold Loan, you will need to submit the following documents. The table below outlines the required paperwork:
| Document Type | Required Document |
|---|---|
| Identity Proof | Any one from Voter ID, Driving License, Passport, or Aadhar Card |
| Address Proof | Any one from Voter ID, Driving License, Passport, Telephone or Bank Statement |
| PAN Card | Individual PAN Card |
| Age Proof | Proof of age document (e.g. Birth Certificate, Passport, etc.) |
| Signature Proof | Any one from Driving License, Photo PAN Card, Passport, or Self-declaration |
| Photographs | Passport-sized photographs of all applicants |
RBL Bank Gold Loan Customer Care
For any inquiries or assistance related to RBL Bank’s products and services, including Gold Loans, you can reach out to the customer care team through the following contact details:
- Phone: +91 22 6115 6300
- Email: customercare@rblbank.com
RBL Bank’s customer care team is available to assist with loan applications, account queries, or any other banking-related concerns, ensuring a smooth and efficient banking experience.
You can also check other related topics from the links provided below:
Do you need an emergency loan?
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
Frequently Asked Questions
Find answers to common questions about this topic