DBS Bank Gold Loan – Interest Rate, Eligibility & Features

Interest Rate & Loan Details

  • Interest Rate: Starts from 8.90 percent per annum for demand, EMI and overdraft schemes
  • Loan Amount:
    • Minimum: 25,001
    • Maximum: 50 lakh for non agricultural loans; up to 30 lakh for agricultural borrowers
  • Loan Tenure: 6 to 36 months depending on scheme; 6 to 12 months for agricultural and non agri bullet options
  • Processing Fee: 0.40 percent of loan amount for non agri; 0.20 percent for agricultural borrowers
  • Valuation Charges: First appraisal 0.20 percent (max 2,000 for non agri; 1,000 for agri); second appraisal 0.20 percent (max 400)
  • Prepayment Charges: None
  • Loan-to-Value Ratio: Up to 75 percent

Purpose of Gold Loan

  • Personal use and emergencies
  • Education and weddings
  • Medical expenses
  • Business working capital
  • Agricultural or seasonal funding

Eligibility Criteria

  • Age: 18 to 75 years
  • Eligible borrower: Resident individual including salaried, self employed and agriculturists
  • Gold jewellery or coins between 18 and 22 carats pledged as collateral
  • KYC compliance with valid identity and address proof

Documents Required

  • Completed application form with photograph
  • Identity proof (Aadhaar, PAN, Passport, Voter ID, Driving License)
  • Address proof (utility bill, Aadhaar, Passport, Voter ID, Driving License)

Repayment Options

  • Monthly interest repayment, principal at maturity
  • Quarterly interest repayment
  • EMI scheme up to 36 months
  • Bullet plan: Principal and interest on completion of tenure
  • Overdraft facility on approved gold value

Charges & Fees

  • Processing Fee: As above depending on borrower type
  • Valuation Charges: As stated above
  • No prepayment fee: Loans can be closed anytime
  • Auction Charges: As applicable under bank policy

Key Considerations

  • Gold must be minimum 18 carats and genuine
  • Collateral is securely stored by the bank
  • Failure to repay may lead to auction of pledged gold

Benefits of DBS Bank Gold Loan

  • Competitive interest starting from 8.90 percent
  • Flexible tenures up to 36 months
  • No prepayment penalty
  • Multiple repayment modes including EMI and OD
  • Option to avail personal accident insurance

Contact DBS Bank Coimbatore

Disclaimer: The above information is based on official DBS Bank gold loan details and publicly available resources. Offer details, rates and charges may vary by branch or over time. Please verify with the Coimbatore DBS Bank branch or via the official website before applying.
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