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