NIC Asia Bank Gold Loan interest rate 2083
NIC Asia Bank's gold loan is priced at 6.57%–8.57% effective in Bhadra 2083: a 5.57% base rate plus a 1%–3% premium. That ranks 3rd cheapest of the 11 commercial banks we track for this product. On Rs. 2 Lakh over 12 months the EMI is about Rs. 17,266, plus a 0.5% processing fee.
- Effective rate
- 6.57% – 8.57%
- Base rate
- 5.57%
- Premium
- 1% – 3%
- Processing fee
- 0.5%
- Maximum tenure
- 36 months
- Maximum loan-to-value
- 70%
- Rank by rate
- 3 / 11
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.nicasiabank.com/interest-rates/
NIC Asia Bank Gold Loan: effective rate 6.57%, EMI from Rs. 17,266 per month. Compare with 10 other banks.
Rate breakdown
Base rate
5.57%
Premium
1%–3%
Effective rate
6.57%–8.57%
Fixed
7.99%
- Processing fee
- 0.5% (Min Rs. 500)
- Prepayment penalty
- 0%
- EMI at fixed 7.99%
- Rs. 17,397 · Rs. 2 Lakh, 12 months
- Loan amount
- Rs. 25 K – Rs. 25 Lakh
- Tenure
- 3 – 36 months
- Max financing
- 70%
- Age
- 21 – 65 years
Highlights
- Same-day disbursement
- Interest-only option
- Safe custody insured
Who is eligible
Hallmarked or assayed gold ornaments. Valuation at bank counter.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Gold ornaments
- Purchase receipt if available
NIC Asia Bank Gold Loan FAQ
What is NIC Asia Bank's current Gold Loan interest rate?+
NIC Asia Bank's Gold Loan floating rate is base rate 5.57% plus a premium of 1% to 3%, giving 6.57% to 8.57% effective from Bhadra 2083.
What is the EMI on a Rs. 2 Lakh Gold Loan from NIC Asia Bank?+
At 6.57% over 12 months, the EMI is roughly Rs. 17,266. Use the calculator above to change the amount or tenure.
Can I prepay a NIC Asia Bank Gold Loan?+
Yes. The published prepayment charge is 0% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
