Features
♦ Loan Upto 70% of the assessed value to be appraised by the Bank’s apprised valuer.
♦ Maximum Loan upto Rs.10.00 lakh.
♦ Loan repayment between 24 – 36 months.
♦ Bullet repayment Gold Loan upto Rs.2.00 lakh also allowed upto 12 months.
♦ Pre-payment Option available WITHOUT pre-payment charges.
♦ Quick disbursal.
Eligibility
♦ Gold Loan against Gold Jewellery / Ornaments & Gold Coins (Issued by Banks / Hallmarked).
♦ Undertaking of the Ownership of Gold shall be obtained.
♦ For Loans beyond Rs.2.50 lakh & for Income generating Loans, repayment capacity shall be assessed based on ITRs of the borrowers.
Required Documents
♦ Borrower must be account holder of our Bank.
♦ For Loans upto Rs.1.00 lakh – To be enrolled as Nominal Member.
♦ For Loans above Rs.1.00 lakh – Regular Member with Share Capital Max Rs.1,500/-.
♦ KYC documents + PAN Card of applicant.
♦ Other regular simple documents relating to Gold Loan.