Gold Loans

loan-

Gold loans details:

The quickest way and easy to get liquidity for your immediate requirements and for emergencies is by pledging your gold ornaments. This is an instant loan facility offered at competitive and attractive interest rates. This is a special scheme designed for your convenience wherein you can avail the loan by pledging your gold ornaments for any general and genuine purpose or expenditure.

Quantum

An amount of Rupees 5,300/- per (net) gram of pure gold (22 carat). For Loans under bullet repayment for 12 months, the quantum of loan is upto Rs.4.00 lakhs. For loans to be repaid in installments, the quantum of loan is upto of Rs.10.00 lakhs per individual borrower against pledge of gold ornaments with an Interest rate as minimum as 11% per Annum(Terms & Conditions apply).

Repayment Period

  • Gold loans up to Rs. 4lakh : One year –bullet payment (Interest+ Principal)
  • Gold loans above Rs. 4lakh: Repayable in equated quarterly installments

Security

  • Pledge of gold ornaments/ jewellery.

KYC of the applicant to submit for the loan.