Features of J & K Grameen Bank Gold Loan
At times of need, different assets besides money are not of that much use. Thus to make use of those assets like Gold and loan them easily for quick money, the J &K Grameen Bank provides you with the facility of availing a Gold loan. J & K Grameen Bank Gold Loan Documents Required information is very beneficial for quick approval of the loan.
Key features of J & K Grameen Bank Gold Loan are:
- Easy Procedure of obtaining Loan: Banks disburse loans within hours of initiating the procedure of obtaining a loan as the borrower presents the collateral in the form of Gold at the time of the application.
- Security of Gold: As the customer presents their Gold for a loan to the bank, it becomes the bank’s responsibility to keep their assets safe until they repay the principal along with the interest.
- No Proof of income: Unlike other loans, Gold loans are based on the Gold that the borrower has to present to the bank. This leaves the income out of the profile and thus there is no need for income proof to be presented.
- Low or Nil Foreclosure Charges: Banks usually have either around 1% or no minimum prepayment charges on gold loans.
J & K Grameen Bank Gold Loan Comparision with banks
Bank / NBFC
Rate Per Gram
Interest Rate
Gold Loan Tenure
Min – Max Loan Amount
₹ 3,506 to ₹ 4,621
0.099
3 to 24 months
₹ 10 thousand to 5 crore
Private Gold Loan
₹ 3,506 to ₹ 4,621
0.1
6 to 12 months
₹ 10 thousand to 5 crore
₹ 3,506 to ₹ 4,621
0.12
7 days to 36 months
₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621
0.1225
12 months
₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621
0.1025
36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1
3 to 36 months
₹ 10 thousand to 5 crore
SBI Gold Loan
₹ 3,506 to ₹ 4,621
0.0975
12 to 36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.075
3 to 36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1025
12 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1025
12 months
₹ 10 thousand to 5 crore
IIFL Gold Loan
₹ 3,506 to ₹ 4,621
0.12
11 months
₹ 3 thousand to 50 lakh
J & K Grameen Bank Gold Loan EMI calculator
Calculating monthly EMI payments towards your Gold loan can sometimes become hectic, thus J & K Grameen Bank Gold Loan EMI calculator is made available to make your lives easier. This Gold Loan EMI calculator calculates your net monthly EMI payments for the interest rate you provide it with.
Calculation of EMI is dependent on the factors below:-
- Rate of Interest: As the Rate of Interest increases the amount of EMI also increases.
- Loan Period: For a longer period of payment, the amount of EMI is reduced.
- Loan Amount: The loan amount is directly proportional to the amount of EMI.
J & K Grameen Bank Gold Loan Documents Required
J & K Grameen Bank Gold Loan Documents Required are required for processing the loan application by J & K Grameen Bank.
At the time of application the following documents are required:
At the time of disbursement the following documents are required:
J & K Grameen Bank Gold Loan Documents Required – FAQs
✅ How Can I avail Gold loan at J & K Grameen Bank?
To avail a gold loan from J & K Grameen Bank, visit their nearest branch with gold and required documents.
✅ What is the Gold Loan rate of interest at J and K Grameen Bank?
The interest rate of the Gold loans at J & K Grameen Bank starts at 10.70%.
✅ What is the maximum amount of Gold Loan I can avail myself?
The range varies from Rs. 10 thousand to Rs. 15 lakhs.