Gold Loan

Purpose:

To Satisfy the Immediate needs of member or nominal member of the Bank.

Loan Amount:

75% of the value assessed by Banks panelled gold valuer.

Eligibility - Loan up to Rs.2 Lac – No income eligibility restrictions.

Loan above Rs. 2 Lac – Applicant should have regular Income.

Eligibility- Age 21 years to 60 years.

LOAN Amount – Max 25 Lac.

Period: A. Maximum period for repayment is 12 months.

B. Repayment of principal through bullet payment on due date.

C. Interest should be paid as and when it is applied.

Security:

Gold Ornaments.

Guarantor:

No guarantor is required.

Documents:

Loan Application Form – Passport Size Photographs – KYC documents: -Identity Proof - Residence Proof -Age Proof.