Kotak Bank Gold Loan – Interest Rates, Eligibility, Fees Charges
Kotak Bank offers gold loan on minimal interest rates which are starting from 8%. detailed information available in article which helps you choose the best bank for gold loan who offers maximum amount to you on lower interest rates.
Gold Loan offers you quick and easy financing at attractive interest rates. Compare all banks gold loan interest rates.
Kotak Bank Gold Loan Interest Rates, Fees & Charges
| GSFC Gold Loan | |
|---|---|
| Interest Rate | 8% to 17% depending on purpose & profile and discretion of bank |
| Loan Processing Charges | Upto 2% of Loan amount + applicable GST |
| Documentation Charges | Nil |
| Stamping Charges | Applicable as per the respective State’s Stamp Act |
| Credit Administration Charges | NIL |
| Credit Appraisal Charges | Minimum Rs. 350, Maximum Rs. 1500, Based on number of ornaments, Weight & Bank Loan, first appraisal Minimum Rs. 350, Maximum Rs. 1500, Based on number of ornaments, Weight & Bank Loan, second appraisal if required as per bank Norms No appraisal charge for auto renewal |
| Overdue Interest | 3% of Overdue Amount, compounded monthly |
Documents Required for Kotak Bank Gold Loan
(Original for verification and self-attested copies for submission)
| Document | |
|---|---|
| *For Kotak customers | Latest address proof (only if the address of the customer as updated in the bank records is different from the address stated in this application) and signature proof. PAN is a must, if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines. |
| *For non-Kotak customers | Identity Proof, Address Proof, Signature Proof (KYC Documents) and 2 passport size photographs PAN is a must, if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines( needs to be included for Non customers ) |
