RBL Bank Gold Loan Details

RBL gold loan interest rates are highly competitive, making your EMIs affordable and convenient to repay. Interest rates for the RBL Bank loan against gold ornaments range from 10.65% - 15.50% per annum.

Apart from the gold loan interest rates, a standard processing fee of Rs. 100 per loan plus service tax (at the prevailing rate) has to be paid. This processing fee will be deducted from the sanctioned loan amount at the time of the disbursal of your loan.

The following are the key benefits of the RBL Bank gold loan:

• You can avail of gold loans ranging from Rs. 25,0001 to Rs. 1 Crore.
• The repayment tenure is convenient and varies between 3 and 12 months.
• The bank offers a higher loan-to-value for your gold.
• The assessment and valuation of your gold is done on the spot in order to arrive at your eligibility for the loan amount and ensure quick disbursal.
• RBL Bank gold loan interest rates are competitive and range from 8.35% p.a.
• Your pledged gold is stored safely in the vault of the bank.
• The bank offers a convenient repayment option via monthly interest servicing and principal repayment when the tenure ends.

RBL is among the best gold loan banks in India that require minimal documentation for a loan application.

• RBL Bank gold loan can be availed by any Indian resident individual who owns gold jewellery.
• The minimum age of the applicant should be 18 years.
• The maximum age of the applicant should be 65 years for salaried and pensioners.
• The maximum age of the applicant should be 70 years for self-employed.
• RBL Bank offers a gold loan against the security of gold jewellery with a minimum purity level of 18 karat and above, and gold coins with a minimum purity of 22 karat and above. 
• The pledged ornaments/ coins must be issued by scheduled/ commercial banks only. 
• The weight of stones in the jewellery should not be above 40% of the gross jewellery weight.
• You have to pay a standard processing fee of Rs. 100 per loan + service tax.
• The eligible loan amount (maximum 75%) depends on the evaluation of gold ornaments done by a gold valuer.

You will need the following documents to apply for the RBL Bank gold loan:

• Identity proof: Driving License/ Passport/ Aadhar Card/ Voter ID Card 
• Address proof: Driving License/ Passport/ Voter ID Card/ Electricity Bill/ Telephone Bill/ Registered Sale Agreement/ Registered Lease Deed/ Bank Statement
• Signature Proof: Driving License/ Passport/ Photo PAN Card/ Self Declaration
• PAN Card
• Age Proof
• Passport-sized photographs of all applicants.

To apply for an RBL Bank gold loan, you have to follow the steps given below:

• Visit an RBL branch or apply online via their website.
• Provide KYC documents like identity proof, address proofs, etc.
• Provide your gold jewellery (minimum 18k purity and stones weighing below 40%) for evaluation by an RBL-approved valuer. 
• You will be offered a loan amount according to your gold’s evaluation, with interest and tenure. 
• The amount is disbursed quickly if approved.

To reach the RBL Bank customer care for any queries, you may call the number given below:

RBL Bank customer care number: 022-62068000.