Gold Loan

Avail Gold loan at a truly unparalleled rate of interest to overcome financial exigencies.

Features

• Loan Limit : Maximum Up to Rs.25 Lacs*
• No processing fees
• No Guarantors
• No Income Proof Required for Loan up to Rs.2 Lakhs
• Hassle free documentation
• Speedy sanction & Disbursal of loans
• Safety of Gold Ornaments
• Zero prepayment charges
• Pre-Payment Penalty : Nil
• Repayment :
• A. For Gold loan up to Rs.2.00 lacs : Bullet repayment at the end of 12 months
• B. For Gold loan above Rs.2.00 lacs up to Rs.25.00 lacs : Maximum 12 EMIs
• Rate of Interest :  11%
• Service Charges: Applicable from time to time.
• Margin: Applicable from time to time.

Eligibility

The applicant must be true owner of the gold ornaments and jeweler to be pledged with the bank.

The applicant should be a local resident.

Age:

       i. Min: 21 years while applying.
      ii. Max: 60 years at loan maturity.

Documents

      Duly filled form with

       I. Income Proof of Applicant (For Loan above 2 Lakhs)
       ii. KYC of Applicant

       Pledge of Gold ornaments and jeweler is Prime Security.

       Other Charges: Testing Charges, Franking Charges.