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Of Appraised Gold Value
Currently not available! for similar products
Kotak Mahindra Bank gold loans can be availed at interest rates starting from 10.50% p.a. You can get a gold loan from the bank of up to Rs. 50 lakhs. The maximum loan tenure in this type of loan is 48 months with 2% processing fees applicable on the loan amount.
See the table below to have a quick glance at key features of gold loans offered by Kotak Mahindra bank:
Starting 10.5% p.a.
Up to Rs. 50 lakhs
Up to 4 years
Up to 2% of the loan amount + GST
Kotak Mahindra Bank offers a range of products and services to its customers, each designed to meet different customer needs. One such product offering available to customers of Kotak Mahindra Bank is a gold loan. The lender currently offers gold loans at interest rates starting from 10.5% and going up 17%.
Some of the noteworthy features of gold loans from Kotak Mahindra Bank are:
Here are the eligibility criteria to be fulfilled for availing gold loan from Kotak Mahindra Bank:
Here are the fees applicable on Kotak Mahindra bank gold loans:
10.5% to 17%
Processing fee for the loan
Up to 2% of the loan amount
Up to Rs. 500 per swap
No Due Certificate
Re. 0 to Rs. 50 as bank’s decision
Legal / Incidental Charges
Other applicable charges on gold loans:
Here is the list of documents to be submitted while availing a gold loan from Kotak Mahindra Bank:
For existing customers of Kotak Mahindra Bank
Existing customers will be required to submit address proof. This is, only if the current address is different from the address already updated with the bank. For this, one can submit Aadhaar Card, Passport, etc. as address proof.
For non-customers of Kotak Mahindra Bank
Life can pose some grim and stressful financial situations but these can be solved by the availability of funds. If you have enough gold in your bank locker, you can get the required amount of money by applying for a gold loan. Apply for the Kotak Mahindra Bank Gold Loan to get the required funds and repay it at your own convenience later. You can ease your financial burden with this loan as it offers low interest rates and flexible repayment terms. Use your physical gold lying dormant in bank lockers to enjoy liquidity today.
1. How to calculate Kotak Mahindra bank gold loan EMI?
To calculate Kotak Mahindra Bank gold loan EMI, you can visit the ‘Gold Loan’ section of the bank’s official page. The bank offers a free ‘Gold Loan EMI Calculator’ which allows you to see the monthly EMI you may have to pay on the gold loan based on the factors you input.
2. What are the minimum and maximum gold loan amounts from Kotak Mahindra bank?
The minimum gold loan amount available from Kotak Mahindra bank is Rs. 25,000 and the maximum amount is Rs. 25 lakhs.
3. What ornaments can I provide as security against Kotak Mahindra bank gold loan?
A borrower can provide any type of gold ornaments or coins of 18 karats and above against Kotak Mahindra bank gold loan. Gold wristwatches, mangalsutra, gold statues, thali, raksha, etc. are some of the items that are not allowed as security against gold loans.
4. Do I need to provide any income documents against Kotak Mahindra bank gold loan?
No, you do not need to provide any income documents if availing gold loan of up to Rs. 10 lakhs from Kotak Mahindra bank.
5. Which bank is best for a gold loan?
Kotak Mahindra bank is one of the top banks offering gold loans in India. This bank offers one of the lowest interest rates on gold loans in India with flexible repayment tenures and other loan terms.
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