Gold Loan
Gold is as good as money. This is very much true with our gold loan scheme. When in need of immediate funds for a wedding, education, medical exigencies, business etc. do not sell your gold. Simply bring it to us and get a glittering deal.
Purpose
- For short term fund requirements like business, wedding, education, medical expenses etc except speculative, illegal or unlawful purposes.
Who Can Borrow
- Any individual who is the lawful owner of the Gold Jewellery
Nature Of Facility
- Demand loan/ Bullet payment / Overdraft for a period of one year without monthly reduction, unless otherwise specified under a particular scheme.
Loan Amount
- Maximum Rs. 2,00,000/-
- Minimum Rs. 15000/-
Margin
- 60 to 75 % of gold value
Interest And Charges
- Interest and other charges as per bank’s policy
Documents Required
- Photograph , PAN and KYC documents of borrower
- Declaration of ownership of jewellery offered as security for the loan.
- Other declarations and undertakings by the borrower and any other documents that may be specified by the Bank.