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Allahabad Bank – Current Gold Loan Interest Rates



Allahabad Bank Limited – Current Gold Loans Interest Rates

New Delhi (Delhi, India), January 22, 2016

Allahabad Bank Limited Cuts Gold Loan Interest Rate to 10.70% Per Annum

The Allahabad Bank Limited has decreased its gold loan interest rates by 0.25 percent, or 25 basis points with effect from Monday, October 05, 2015.



Allahabad Bank has revised its minimum gold loan interest rate from 10.95 percent to 10.70 percent per annum under the Allahabad Bank Loan Against Gold Scheme.

Allahabad Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail Allahabad Bank gold loans.

Allahabad Bank Loan Against Gold Scheme – Current Gold Loan Interest Rates

Allahabad Bank Gold Loan Interest Rate in Loan Against Gold Scheme: 10.70% to 13.70% Per Annum
Allahabad Bank Rate of Interest is Floating or Fixed: Fixed
Quantum of Allahabad Bank Gold Loan: Up to 50% of the Value of the Ornaments (Minimum Rs. 5,000 and Maximum Rs. 15,00,000)
Minimum Tenure for the Allahabad Bank Gold Loan: 6 Months
Maximum Tenure for the Allahabad Bank Gold Loan: 60 Months
Allahabad Bank Gold Loan Pre Closure Charges or Prepayment Penalty: 1.00% of the Amount Foreclosed or Prepaid
Security for Allahabad Bank Gold Loan: Pledge of Gold Ornaments
Minimum Age of the Borrower for Allahabad Bank Gold Loan: 18 years
Maximum Age of the Borrower for Allahabad Bank Gold Loan: 70 years
Allahabad Bank Gold Loan Valuation Charges: Rs. 500 plus Service Tax
Allahabad Bank Gold Loan Processing Fee: 1.00% of the Loan Amount
Allahabad Bank Gold Loan Documentation Charges: Rs. 250 plus Service Tax

Allahabad Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Allahabad Bank Limited


1 comment

  1. PK Basu

    What is the basis of calculating valuation of gold and at what rate? Also please let me know whether a non-customer can avail a gold loan or not.

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