Darussalam Bank gold Loan interest rate

Darussalam Bank gold Loan interest rate 2025

Darussalam Co-operative Urban Bank Ltd. provides gold loans to customers looking for easy and quick financing. Below are the detailed information on gold loan offerings:

1. Interest Rate and Loan Amount

Looking a detailed information on Interest Rate is up to 12% per annum and its loan amount is up to Rs 4 lakhs per individual and its processing fee charges are applicable (detailed information are available at their official website)

2. Eligibility Criteria

In order to avail a gold loan, applicant must meet following criteria like they should be an Indian citizen and must have gold ornament purity of 18 to 24 carats.

Documents Required:

• ID Proof– Voter ID, Passport, Aadhaar Card, or Driving Licence.
• Address Proof – Latest electricity bill, ration card, or bank statement.
• Photographs – One recent passport-size photograph.

3. Loan Tenure and Repayment Options

• Loan Tenure: Short-term loans tenure period is up to 12 months.
• Repayment Options:
  • Monthly EMI payments.
  • Bullet repayment (full amount at the end of the tenure).
  • Part-payments allowed at some cases.

4. Loan Disbursement Process

Bank officials assess purity and its weight on gold ornaments. Based on your gold value, your loan amount is sanctioned. Once your gold loan is approved, loan is credited immediately to borrowers account. Pledged gold remains safe in bank’s locker until repayment..

5. Features and Benefits

Minimal paperwork and fast disbursement. Bank ensures 100% safety of pledged gold. Choice between bullet repayment or EMI and its lower interest rates compared to personal loans.

6. How to Apply?

Customers can apply gold loan by

Visiting at its nearest Darussalam Co-operative Urban Bank branch

Visit the store with your gold jewellery and requirement documents

Complete your loan application form at the bank.

7. Contact Information

For latest information on gold loan interest rates and terms and visit up its official website to contact bank directly at Darussalam Bank Website

Nearest Branch: Visit a Darussalam Bank branch for loan processing.

Customer Support: Call or visit the bank for inquiries.