A Loan Against Gold Jewellery from DCB Bank to meet your personal needs

Unleash the potential of your gold jewellery to pay off your debt

DCB Bank Gold Loan

This loan helps borrowers get financial assistance by pledging their gold jewellery and specially minted coins issued by banks. This loan can be used to meet any financial needs such as a child’s wedding, overseas travel and higher education or to consolidate debts. The maximum loan amount sanctioned by the bank is Rs. 20 lakh.

Features of DCB Gold Loan (Loan Against Gold Jewellery)

Why this Loan?

  • The DCB Bank Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery or specially-minted gold coins to meet their personal financial needs. This loan scheme can also be availed by borrowers as a consolidation loan
  • The bank offers this loan scheme for gold jewellery 18-carat and above
  • There are no foreclosure charges for this loan

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 20 lakh

Interest

  • The interest rate applicable to this loan is defined as the sum of two factors: one-year Marginal Cost of Funds based Lending Rate (MCLR) and a Spread factor. As of October 2020, the one-year MCLR of DCB Bank is 9.95%. However, the Spread factor applicable to this loan is not mentioned on the bank’s website. We suggest calling the bank customer care number to get the details before applying for this loan

Repayment


  • This loan is repayable within 5 years

Eligibility

  • Borrowers should be above 18 years of age
  • Borrowers must be the true owners of the gold ornaments, jewellery or specially minted gold coins sold by the banks

Margin Money (Borrowers Contribution to Total Cost) & Processing Charges

  • As of October 2020, these details are not available on the bank’s website. Please talk to a bank representative before applying for this loan

Security Needed


  • The bank accepts pledging of gold ornaments or specially-minted gold coins duly verified for quality and quantity to secure this loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts:

  • DCB Bank Website: www.dcbbank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Toll-Free Number: 1800 209 5363, 1800 123 5363