GOLD LOAN
Gold Loan
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Gold Loan Product Details
Competitive Interest Rates
Benefit from interest rates ranging between 13% to 24% per annum, ensuring financial support tailored to your needs.
Convenient Loan Tenure
Enjoy a flexible repayment period of up to 24 months, allowing you to plan your finances without stress.
Flexible Loan Amount
Get a gold loan starting from ₹2 Lacs up to ₹10 Lacs to meet all your financial needs.
Secure Gold Collateral
Get your gold ornaments with a purity of 18 to 22 Carats as collateral and avail processing with maximum security.
Service Charges
The Bank would require a processing time of approximately 07 (seven) business days from the receipt of the completed application. This is subject to satisfactory submission of all documents, as required by the Bank.
The Bank shall communicate the decision regarding the status of this Application form (acceptance/rejection) to the Applicant(s) in 07 (seven) business days from the receipt of this Application form and on the communication details provided herein.
| Particulars | Charges |
|---|---|
| Loan Processing Fee | Up to 1% of the loan amount |
| Penal Charges | 2% Per Month on overdue payment/margin call amount |
| EMI/Interest Payment Bounce Charges | INR 500/- for each bounce |
| Gold Valuation Charges | Maximum at actual cost of valuation |
| Stamp Duty Charges | At Actuals |
| Pre-closure Charges | Up to 2% of the principal outstanding |
| Goods and Service Tax (GST) will be charged extra as per the applicable rates on all the charges and fees, wherever GST is applicable. | |
*Penal Charges will be charged on the overdue amount of the customer and the margin shortfall amount.
APR Calculator
The Annual Percentage Rate (APR) is a method to compute annualized credit cost, which includes the interest rate, processing charge, and other charges.To calculate the Annual Percentage Rate (APR), please click download button below.
Document To be Submitted
(Consumers can submit one document from each of the following categories.)
Identity Proof :
Aadhaar Card, Proof of Possession of Aadhaar, Voter ID Card, Driving License, Passport
Residence Proof :
Aadhaar Card, Proof of Possession of Aadhaar, Voter ID Card, Passport, Driving License, Job Card issued by NREGA, Letter Issued by National Population, Register
Income Proof (Latest documents) :
Salary Slips – Last 3 Months, Form 16 – Latest Financial Year, ITR – Latest Financial Year, Pension Income Proof – Last 3 Pension Credits, Rental Income Proof
Other Documents :
PAN Card or Form 60, Recent Photograph, 3 months Bank Statement from primary account with income credits (For Loan Amount over 5 Lakh), Udyam Aadhar or Udyam Assist Certificate (if available), Original Purchase Invoice (if available)
