Avail Gold loan at a truly unparalleled rate of interest to overcome financial exigencies.
All you need to know
- Loan Limit : Minimum Rs.15000/- and maximum upto Rs.25 Lacs.
- No processing fees
- No Guarantors
- No Income Proof Required for Loan upto Rs.2 Lakhs
- Hassle free documentation
- Speedy sanction & Disbursal of loans
- Safety of Gold Ornaments
- Zero prepayment charges
- Repayment :
A. For Gold loan after Rs.2.00 lacs:
i. Bullet repayment upto 12 months.
ii. Interest will be charged to the account at monthly rests, but will become due for payment along with principal only at the end of 12 months from the date of sanction.
B. For Gold loan after Rs.2.00 lacs
i. Maximum repayment period 12 months payable on EMI basis.
- Pre-Payment Penalty : Nil
- Rate of Interest :
A) For Gold loan upto Rs.2.00 lacs
i. Women Borrowers : 9.00%
ii.Other Borrowers : 9.25%
B) For Gold loan above Rs.2.00 lacs upto Rs.25.00 lacs
i. Women Borrowers : 9.50%
ii.Other Borrowers : 9.75%
- Service Charges : Applicable from time to time.
- Margin : Applicable from time to time.
- The applicant must be true owner of the gold ornaments and jewellery to be pledged with the bank.
- The applicant should be a local resident.
i.Min: 21 years while applying.
ii.Max: 60 years at loan maturity.
Duly filled form with
i.Income Proof of Applicant (For Loan above 2 Lakhs) ii.KYC of Applicant
- Pledge of Gold ornaments and jewellery is Prime Security.
- Other Charges : Testing Charges, Franking Charges.