Fedbank Gold Loan: Documents, Features of Loan Against Gold
Fedbank Gold loans: Get Details on Documents, Eligibility, Fees & Charges and Interest rates charged on Loan Against Gold By FEDBANK.
You can get the loans in few minutes as these loans are sanctioned and disbursed on the spot.
These loans are hassle-free with least amount of documentation. Most importantly, there is no need of income proof.
Easy Repayment with only interest being paid each month. Principal to be paid only at the end of loan tenor.
Features & Benefits:
- Zero Processing Fee
- Zero foreclosure charges
- Loans up to 60% of jewellery value
- Minimal documentation
- Flexible tenor upto 12 months
- FAST sanction and disbursal
- Loans upto Rs 1 cr.
Easy repayment:
- Only interest servicing, and principal repayment at the end of the loan period .
- Repayment in cash as per your convenience
Eligibility:
- Any individual with minimum age of 18 years.
- Gold should be above 18 carat.
Documentation:
- Loan application form.
- Proof of Identity: PAN Card, Passport, Voters Id
- Proof of Address: Ration Card, Bank statement, Electricity Bill, Passport, Driving Licence, Passport, Leave and Licence agreement, others as permitted by branch.
Fees & Charges:
- Loan application form.
- Foreclosure charges: nil (subject to minimum loan period of 7 days)
- Late Payment Charges:- 3% per month on the amount overdue from the due date.
Current Schemes:
| Scheme | Slab | ROI % (per annum) |
| GL A1 | 12 Months | 12.50% |
| GL B1 | 12 Months | 15.50% |
| GL E1 | 12 Months | 18.50% |
| GL G1 | 12 Months | 20.50% |
| GL I1 | 12 Months | 23.00% |
| GL PF1 | 12 Months | 21.50% |
* The rate of interest is subject to change from time to time
