Services
FEATURES OF GOLD LOAN
Tenure of 1 year
Minimal Paper Work
ROI starts from 12.5 %
1️⃣ ASPECTS
- Hassle-free Loan Processing.
- Quick disbursal.
- Minimal documentation.
- No guarantors.
- Gold security.
- Maximum loan limit is 75 % of gold valuation .
- Minimal Paper Work.
- No credit score & income proof requirements
- Gold loan is renewed every year
- Maximum loan tenure is 1 year
- Zero foreclosure or prepayment charges
2️⃣ RATE OF INTEREST
- Rate of Interest is 12.50%
- Processing Fees: RS. 150
- No Handling Charges.
3️⃣ ELIGIBILITY
- The applicant must be true owner of the gold ornaments and jewellery to be pledged with the bank.
- Age = 18 to 70 years.
4️⃣ DOCUMENTATION & SECURITY
- In case of new customer, applicant & guarantors need to open savings / current account
- Gold purchased slip.
- Duly filled form with :
- Residential Proof of Applicant
- PAN Card of Applicant
- KYC of Applicant
5️⃣ SHARE HOLDING
- Regular Membership fee Rs.525/-