Gold Loan Fees and Charges
Avail attractive gold loan interest rate and find out the list of fees and charges when you take a gold loan from us.

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There are many advantages of availing a gold loan compared to any other form of loan from a bank; hence, more and more people are opting for it. A gold loan is something that almost anyone can take, and it is best to be aware of its basic details and requirements.
Here is all you need to know about gold loans:
List of fees and charges implied
A processing fee is charged on every loan, which is generally between 0% to maximum 2% (plus GST) of the total loan eligibility. The limit of your loans is directly proportional to the value of gold assets you provide. However, Minimum Loan amount: Rs. 20,000/- & Maximum Loan Amount: Rs. 1,50,00,000/- can be availed by a single customer/Family/Group at any point of time at the discretion of the Bank. The LTV – loan to value – ranges from 65% to 75%.
Loan | Gold Loan |
---|---|
Interest Rate | 10% to 17% depending on purpose & profile and discretion of bank |
Loan Processing Charges | Upto 2% of Loan amount + applicable GST |
Documentation Charges | Nil |
Stamping Charges | Applicable as per the respective State's Stamp Act |
Credit Administration Charges | NIL |
Credit Appraisal Charges | Minimum Rs. 350, Maximum Rs. 1000, Based on number of ornaments, Weight & Bank Loan, first appraisal Minimum Rs. 350, Maximum Rs. 1000, Based on number of ornaments, Weight & Bank Loan, second appraisal if required as per bank Norms No appraisal charge for auto renewal |
Commitment Charges | Rs. 1250/- per quarter or 0.5% per quarter of the limit un-utilized (applicable only to Overdraft facility where average quarterly limit utilization is below 50%) |
Overdue Interest | 3% of Overdue Amount, compounded monthly |
Collection Charges | At the discretion of bank subject to maximum 30% of overdue amount |
Dishonour Charges Per Instance | Rs. 750.0/- |
Swap Charges( Replacement of PDCs) | Up to Rs. 500/- per Swap per Instance |
Prepayment Interest / Foreclosure Charges | 2.25% of fore closure amount if closed 1 month ahead of the tenure. However charges may be waived of partially or fully at the discretion of Bank. |
Duplicate Issue of NOC | NA |
Solvency Certificate | NA |
No Due Certificate | NIL to Rs. 50 as per discretion of bank |
Charges for furnishing a copy of the credit information report (CIBIL) to the applicant. | Rs. 50/- plus service tax |
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule) | First instance without any charge. Post that, Rs. 250/- per request. |
APAC Reschedulement | - |
Part Foreclosure Charge | - |
Payment Processing Charge | - |
Valuation Charges for Used/RF Vehicles | - |
Repossession Charges | - |
Credit Adminstration Charges | - |
Duplicate Foreclosure Statement Charges | - |
NOC for National Permit | - |
NOC for State Permit | - |
NOC for Change in Body Type | - |
Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.) | - |
Change in Installment Due Date | - |
Change in Property / Asset / Collateral | - |
Copy of Any Property/Loan Document | - |
Asset Verification Charges - Immovable Assets | - |
Legal / Incidental Charges* | Actual charges |
NOC to Convert From Private to Commercial Registration | - |
NOC to Convert From Commercial to Private Registration | - |
Re-issuance of Pay Order | - |
Non Compliance with Sanction Terms and Conditions | - |
End-use Certificate Delays | - |
Net Worth Statements Delays | - |
*Taxes as applicable | |
"Blank / -" denotes that these charges are not applicable to the concerned business division |
Know your interest/principal/EMIs to be paid
Like any other loan, gold loans will have an interest and principal component and an EMI. If you want to find the loan amount you can avail against the gold you own, you can use our gold loan calculator. You can adjust the principle amount and term to calculate your EMI (equated monthly instalment).
Benefits of availing a gold loan from Kotak Bank
Gold loans are granted almost immediately, and the interest rate, fees, and charges on these loans are extremely pocket friendly. These loans can be one of the best options when you need money urgently.
Know and explore more about gold loan to get instant funds for your personal or business needs.
It is a loan secured against the gold ornaments/Bank coins acceptable as per RBI guidelines, which a customer pledges with the bank. The loan amount can be utilized for personal/business & any other non-speculative purposes. It’s a loan which can be availed quickly and easily instead of going to Pawn broker with higher rate of interest.
Only acceptable gold ornaments from 18 to 22 karat and only bank minted coins (24 Karat) up to 50 gms per customer can be funded. Non funded items / articles such as Hair pins, Cufflinks, Gold watch, Gold strap, Gold idols, Gold utensils, jewellery with more than 50% deduction, Thread mangalsutra, White gold, Diamond jewellery, Imitation jewellery, Ginni, Gold bars cannot be accepted.
ITR need to be submitted if availing gold loan of Rs.25 lakhs and above. PAN is a must, if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines.
The customer need not be an existing customer of the bank. However, we recommend that while availing the Gold Loan, customer should open a savings bank/current account facility with the bank which will enable the customer to not only enjoy banking services of the bank, but also assist them in servicing the loan conveniently.
Bullet Scheme Tenure of 12 Months (Can be renewed for further period of 24 Months with the same loan documents with request letter for renewal from the customer etc.). Interest Payment can be Quarterly /Half Yearly and Yearly.
The last thing you would want to worry about mid-holiday, is having to clamp down on certain plans and activities, due to budget restrains
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