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Gold Loan

Gold Loan

Purpose
  • Pledge of gold ornaments for personal financial needs. Purpose should not be speculative or unlawful or forbidden by law or prohibited by RBI.
Who can Benefit this Loan
  • Any Account Holder of the bank Having Security As gold Ornaments
Features
  • MARGIN 25% of valuation

    • Repayment

  • Loans up to Rs 2.00 Lakhs - Bullet Payment - Maximum 12 Months.
  • Loans above Rs 2.00 Lakhs - Maximum 5 years.
  • EMI to be recovered monthly

    • Facility

  • Term Loan
  • Demand Loan
  • Overdraft
Rate of Interest
  • As decided by BOD from time to time.
Valuation
  • Net weight approved valuator/Jewelers of Bank only.
  • Gold Value = Net Weight * Market Rate
  • 75% of Gold Value as loan amount
Documents
  • Loan application Form
  • Valuation report of Gold Ornament from bank’s approved Gold Valuer
  • KYC Document
Positive Point
  • Quick Disbursement
  • No repayment Charges
  • Fixed Rate Of Interest
  • No Pre Closure Charges
** FOR MORE DETAILS INFORMATION CONTACT TO YOUR NEAREST BRANCH **