Tag Archives: gold loans of federal bank

Federal Bank Gold Loans: Interest Rates | Documents

Federal Gold Loans: Get Gold Loans  upto Rs.75 Lakhs! With a wide variety of gold loans for every need. Whatever be your needs, Gold loan from Federal Bank is the easiest option for you to get instant finance. Federal Bank provides you hassle-free, instant Gold loans at lowest interest rates

Federal Bank Offers three loans under Gold loan category:

  1. Instant Cash Against Gold
  2. Apna Gold 24 x 7
  3. Expanding your Business?

Key features

  • Available at lower interest rates
  • Get higher amount for each gram of Gold- up to Rs.2350 per gram*
  • Supported by over 1000 branches
  • Avail loan amount up to Rs.75 Lakhs
  • Quick processing within a few minutes
  • No hidden charges or heavy penalties

Savings Account is not required for loan amount up to Rs.2 Lakhs

Lump sum repayment option is available

Repayment period is up to 12 months*

Security for the loan will be pledge of 22 ct gold ornaments

Interest Rates on Gold Loans of Federal Bank

Federal Pure Gold Rates as on 12-04-2013

DENOMINATION RATE
1 gm Rs. 3605
2 gm Rs. 6757
5 gm Rs. 16326
8 gm Rs. 25893
20 gm Rs. 64266
50 gm Rs. 159997
100 gm Rs. 319225

Documents Required

If you are a new customer, following documents are required:

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Recent Passport size photograph
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)