Gold Loan


Purpose To meet Personal / Family expenses in case of any exigencies
To meet Business need
Any legitimate purpose acceptable to the Bank.
Eligibility Individual/s, Firm (Proprietary / Partnership)
Maximum Loan Amount GLLN [Bullet Payment]: ₹ 2.00 lakh only, per Individual at any point of time.
GLLN [EMI]: As per Bank’s exposure limit.
Margin @25% on "present market valuation" of gold ornaments or advance to be restricted to ₹. 20,000/- per 10 gram of 22 Caret Gold.(subject to change)
Repayment Period 1] Bullet repayment available for limits up to ₹ 2.00 lakh and Period of loan 12 months (strictly & not more than that) &
2] Regular repayment with EMIs: Maximum loan period 24 months.
Rate of Interest 11.90%
Security Pledge of Gold Ornaments only.* Gold in the form of Coins / Biscuit / Raw Gold [Bullion] not allowed.
Guarantators NOT REQUIRED
Collaterals NOT REQUIRED
Processing Charge Upto Rs.10 lacs : 0.75% Above Rs. 10 lacs :0.40%
Subscription of Bank's Share ₹ 1000/-
Pre-payment Charges NOT APPLICABLE

Terms & Conditions Apply.
Visit nearest branch for more details.


Follow Us

        

Contact Us :    Head Office     0251-2316641, 0251-2315995 0251-2221300  |   ATM Helpdesk     0251-2219008  |   Toll free     18002331919 (9am to 6pm on weekdays)  |     response@kalyanjanata.in