Gold Loan

• Purpose :
  Loan Against Pledge of Gold
• Loan Amount :
  70% of valuation of gold pledged
• Margin :
  70% of valuation of gold pledge
• Repayment :
  upto 2.00 lacs bullet payment for one year
  Above 2.00 lacs , only 12 monthly repayment
• Rate of Interest :
  upto 2.00 lacs 8.50%
  above 2.00 lacs 9.00%
• Security :
  Pledge of Gold
• Guarantee :
  NO Guarantor is required
• Processing Charges :
  Valuation fee of Goldsmith, process fee, custody charges quarterly
• Shareholding :
  Nominal Membership to loans upto Rs.1.00 lac & for loans above Rs.1.00lacs regular share membership on loan amt.
• Documents Required :
  I.  KYC of customer + Income paper in case of Gold loan Rs. 2.00 Loan.