Loan to any type of customer for personal/business purpose against gold ornaments/ jewellery



"Conditions Apply. Loan at sole discretion of the Bank."SMS 'LOAN' to 9223178900

Repayment Tenure:
Maximum 12 Months
Margin :
25% Where interest is serviced at monthly rest
35% Where interest will be paid along with principal at the time of maturity of loan (i.e. Only in case of bullet repayment option where customer chooses to repay interest at the time of maturity.)
Maximum Loan Amount Limit :
Rs. 25.00 lacs

Eligibility :
Individual
Security :
Security - Gold ornaments / Jewellery of not less than 22 carats
Guarantors :
For Loan below Rs.10.00 lacs - NIL
For Loan above Rs.10.00 lacs, personal guarantee of spouse or other family member/s.

Subscription to Bank's Share - Membership:
For Borrower:-
I. For Loans upto Rs.1.00 lac - A class membership of Rs. 1000/- per borrower
II. For Loans above Rs.1.00 lac - 2.50 % of the Loan Amount.
For Guarantor:-
For Loan below Rs.10.00 lacs - NIL
For Loan above Rs.10.00 lacs, personal guarantee of spouse or other family member/s.
For Guarantor
(If Loan amount is greater than Rs. 10.00 lacs)
Processing fee :
0.70% ( Min Rs 250)

Loan Application Form in prescribed format.
One passport size photograph .
Address Proof
Identity Proof
Salary / Income details
Any other documents required by the Bank.