Get a gold loan in just one visit to our bank. Apply for a gold loan and avail loan instantly with safe and highly secure processing. Easy option to get money immediately with less documentation and easy processing.
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Loans starting from Rs.10000 up to Rs.1,00,000
(A Class member will get a loan above Rs.1,00,000)
- Special lockers to keep your gold safe.
- Repay comfortably as per your income generation.
- No Guarantor/s required.
- Less documentation.
- Quick and easy process with payment on the same day.
Rates & Charges
- Margin: 30 % pure gold valuation OR as per banks rule
- Interest Rate: For Hallmark 9.25% – For without Hallmark 9.50% p.a.
- Penal Interest: 2 % to be charged for the period of default in repayment Or Lack of adherence to terms & condition.
- Processing fee @ 0.40 % + GST on a one-time basis, on the total sanctioned amount.
Repayment
- Bullet payment as per income generation in a maximum of 1 year for a loan up to Rs. 2 lakhs
- For loans above Rs. 2 lakhs, repay monthly/quarterly as per income generation in a maximum of 3 years.
Eligibility Criteria
- Applicant should be 18+
- The applicant must be the owner of the gold jewelry and ornaments that will be given to the bank.
Documents Required
- Proof of identity
- Proof of address
- Proof of income (Only in case of loan above 2 lakhs)
- KYC
NOTE: Margin, ROI, and delegation are subject to review by the authorities at the bank.
All other applicable rules & regulations in force should be fulfilled for eligibility.
