Gold Loan
Introduction
Our lives are filled with needs, and very often to fulfill them we may require instant funds. The answer to such financial requirement may not always be in personal loans. Loan against gold is a quick and hassle free finance option requiring minimal documentation. So instead of keeping that gold jewelery, coins, bars or biscuits lying ideal in your locker, you sure could use them to meet those cash contingencies.
Rate of Interest
| Sr.No. | Loan Type | Interest Rate |
|---|---|---|
| 1. | Loan Against Gold/Silver Up To INR 1,00,000 | 10.00% |
| 2. | Loan Against Gold/Silver More than INR 1,00,000 | 9.50 % |
Benefits
- No hidden charges.
- Quick and Fast processing.
- For working capital.
- For any other business purpose.
- Loan Against Pledge of Gold.
Documents Required
- The individual/(s) having true ownership of gold ornaments and jewelry
- Duly filled Loan form.
- Aadhar card of borrower and Guarantors.
- Valuation report of gold ornaments from Bank’s approved Gold Valuer.
- Aadhar card.
- 2 Photos of Borrower.
- Any other documents required by the Bank.
Terms And Conditions
Terms and conditions of the scheme are subject to revision, for details contact nearest branch.