IDFC FIRST Bank offers three types of Gold Loans:

• Bullet Scheme: Both the interest and principal are paid at the end of the loan tenure.

• Overdraft Scheme: The borrower can withdraw money as per their requirement, and interest is charged only on the amount withdrawn.

• EMI Scheme: The borrower can repay the loan in Equated Monthly Installments (EMIs) over a fixed tenure.

The bank accepts all types of gold jewelry, including gold anklets, gold necklaces, gold bracelets, and gold bangles, when applying for a gold loan. The minimum interest rate for a gold loan is 9.50%, and the maximum interest rate is 18% . The bank also offers a wide range of repayment plans, such as Bullet, Monthly interest, and EMI. The processing fee for a gold loan is 1% of the loan amount, and foreclosure charges are 2% if the loan is foreclosed before 3 months from the date of disbursal.