Services

Gold Loan

    Vidya Sahakari Bank Ltd. - Gold Loan
  • Purpose :
    Loan Against Pledge of Gold
  • Loan Amount :
    70% of valuation of gold pledged
  • Margin :
    30% of valuation of gold pledged
  • Repayment :
    Lumpsum repayment for period up to 1 year. Monthly repayment for period above 12 months.
  • Rate of Interest :
    11% for repayment up to 1 year
    12% for repayment above 1 year
  • Security :
    Pledge of Gold
  • Guarantee :
    NO Guarantor is required
  • Processing Charges :
    Valuation fee of Goldsmith
  • Shareholding :
    Nominal Membership
  • Documents Required :
    I. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
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