Gold Loan

Purpose

• Marriage and other family ceremonies.
• Purchase of Consumer Products, Furniture, Computers, and Electronics.
• Repairs and Renovation of Flat or House.
• Purchase of Vehicle.
• Purchase of Gold Ornaments.
• Domestic and Foreign Tours.
• Repayment of Personal Loans from other Banks.
• Medical Expenses for Self and Family Members.

Eligibility

• Indian citizens above 18 years of age.
• Contact the nearest branch for further details.

Maximum Loan Amount

• -

Repayment

• Maximum repayment period: 1 Year.

Rate Of Interest

Interest @ 9.75 % (for upto 10 Lakh) and 11 % (for 50,001 & above) p.a., are being calculated on basis of Reducing Loan amount.

SURETIES / SECURITY

• Owned Gold Ornaments / Gold pledged as security.
• Third-party guarantee is not mandatory.

DOCUMENTS REQUIRED FOR Gold Loan

• Completed Gold Loan Application Form.
• Recent Colour Photographs.
• Address and Identity Proof (PAN Card, Aadhaar Card, Ration Card, Voter ID, etc.).
• Valuation Fees as applicable.
• Gold Ornaments to be pledged.