Loan Against Gold
| Parameter | Details |
|---|---|
| Eligibility | Any person having Gold assets (excluding bullion/ primary gold) and is between the age of 18 years to 70 years. |
| Purpose | Any domestic reason excluding speculation |
| Rate of Interest | 9.99% p.a. |
| Prepayment charges | 3% + applicable GST |
| Other Charges | Jewel Appraiser's Commission & stamp duty as applicable at the time of availment |
| Processing fees | Loan Upto Rs 1,00,000/- Rs.100+GST as applicable, More than 1,00,000/- additional Rs 50 +GST as applicable |
Features & Conditions:
- Instant disbursal of loan. Step in with gold asset to bank & walk out with cash immediately.
- Loan can be granted from Minimum amount of Rs.10,000/- to Maximum amount of Rs 20,00,000/-.
- Utmost safety of gold at bank’s vault
- Higher loan to value depending on purity, net weight of the gold. (upto 75% of valuation of gold)
- Minimum documentation
Documents Required:
- One recent passport size Photo
- PAN card
- Address Proof
- Income Proof
- CIBIL Report
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