Minimal paper work & no hidden charges to experience completely transparent process of speedy & same day disbursals by keeping your gold ornaments with us.
To meet personal / family expenses in case of any exigencies
To meet finance-gap in business or any legitimate purpose acceptable to the bank
Eligibility :
Salaried employees
Businessmen
Self-employed
Professionals having regular source of income
Quantum & Tenure
Quantum :
In case of Regular Repayment (Principle + Interest payment per month) :
Loan amount will be subject to bank’s exposure limit
In case of Bullet Repayment (Only Interest payment per month) :
₹ 2 lakh only, per Individual at any point of time
Tenure :
In case of Regular Repayment (Principle + Interest payment per month) :
Maximum 1 Year
In case of Bullet Repayment (Only Interest payment per month) :
Maximum 1 Year
Documentation & Security
Basic Documents :
In case of new customer, applicant & guarantors need to open savings / current account
KYC documentation
Proof of identity
Address proof of applicant
Application Form
Duly filled & signed loan application form
ROI & Important Terms :
ROI :
Please click here to know about latest ROI & Service Charges.
For loan limits over ₹1, 00,000/-, applicant has to be a regular shareholder of the bank.
Valuation of gold ornaments will be done by bank’s valuer and loan amount will be decided accordingly.
Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
Gold Valuer’s professional fees on actual basis & charges thereof to be borne by applicant.
Stamp duty on pledge document @0.1% of the loan limit if limit is up to ₹5 lakh, (minimum ₹100/-) otherwise @0.2% of loan limit, as per prevailing stamp duty act, subject to change as per government notification.
Before disbursement, applicant has to provide margin money and necessary amount to meet all the expenses (as mentioned above & as per service charges). Adequate amount for the purpose is to be deposited in the bank account in advance.
