Cooperative bank gold loan 2025
Cooperative bank gold loan per gram
Cooperative banks are huge in India who are eminent in providing gold loans with per gram rates which vary based on several factors such as bank’s policies, current gold market prices, and the purity of the gold. Lets check with below examples to have an idea on gold loan offerings from various cooperative banks:
1. Tamil Nadu State Apex Co-operative Bank (TNSC Bank):
Loan Amount provided by them is up to Rs 1 crore with income proof and the also provide gold loans per gram for exact and accurate information on per gram rate then you can check directly with the bank and they provide a rate of Interest is 7.0% per annum. You will get a repayment tenure of 3 to 24 months and a processing fee is up to 1.50% on principal loan amount. Prepayment charges are 2% + GST (within 3 months); no charges after 3 months.
2. Kerala State Co-operative Bank:
You can get gold loan up to Rs 1 crore with income proof and get the accurate rate per gram directly from the bank and you get an interest rate of 7.0% per annum. A repayment tenure will be around 3 to 24 months and a processing fee is up to 1.50% on principal loan amount. Prepayment charges are 2% + GST (within 3 months); no charges after 3 months.
3. Kakatiya Co-operative Urban Bank Ltd:
Check directly with the bank for per gram rate and they offer 13% interest rate and your repayment tenure for upto Rs 4 lakhs has a one year bullet payment with interest and principal.
4. Citizencredit Co-operative Bank Ltd:
You can get 90% gold value as per banks specified rates with a maximum of ₹10 lakhs; up to ₹2 lakhs under bullet repayment. An Interest rate is 7.75% per annum (PLR less 4.25%). Your repayment tenure will be upto 12 months.
5. The Varachha Co-operative Bank Ltd:
Get Up to 75% of the gold value (based on the monthly average price of the bullion market) or ₹40,000 per 10 grams with a maximum loan amount up to ₹1.85 lakhs and there Interest rate is 9.00% per annum and repayment tenure is about 12 months (bullet recovery).
6. The Visakhapatnam Co-operative Bank Ltd:
Get the detailed and accurate information on rate per gram from their official website. They provide maximum interest rate on advances and loans that comes around 11.50%.
Important Considerations:
Gold Purity: Loan amount per gram differs by your gold purity and a higher purity will increase your loan amounts
Bank Policies: Some terms and conditions and rates may vary from banks.
For accurate information then its best to contact your respective cooperative bank directly or visit their official website.
