Gold Loan
Gold Loan
| Gold | : |
» Gold Jewelry (Hallmark Preferred) » Gold Ornaments |
| Loan Amount | : | » 70 % of Gold Value, or Rs. 5.00 Lakhs which is lower |
| Guarantor | : | » N/A |
| Membership | : | » @ 2.5 % of Loan Amount if loan amount > Rs. 1.00 Lakh » Nominal Membership if loan amount < or = Rs. 1.00 Lakh |
| Loaning | : | » Immediate Loan Sanction |
| Repayments | : | » Max. period 12 months only |
| Security | : | » Gold Jewelry |
| Valuation | : | » Net Weight Approved By Jewelers » Gold Value = Net weight x Market Rate » 70 % of Gold Value as a loan amount |
| Pre-closure | : | » No Pre-closure Charges |
| Loan Processing Fee | : | » As Applicable (Service Charges) |
| EMI | : | » Up to Rs.2.00 Lakh Bullet Repayment Scheme » Above Rs.2.00 Lac - EMI - Monthly (Max 12 Months) |