Gold Loan

Eligibility

» Account Holder and Member/ Nominal Member of the Bank

Gold

» Gold Jewelry, Gold Ornaments

Loan Amount

» 70 % of Gold Valuation

Guarantor

» N/A

Share Linking

» Linking Shares required @ 2.5 % of Loan Sanction Amount if loan amount greater than Rs. 1.00 Lakh

» Nominal Membership if loan amount greater than or equal to Rs. 1.00 Lakh

Loaning

» Immediate Loan Sanction

Repayments

» Maximum 12 Months for Rs. 2.00 Lakhs Bullet Repayment Scheme                                                                               

» Maximum 36 Months for Above Rs. 2.00 Lakhs EMI Monthly

Security

» Gold Jewelry, Gold Ornaments

Valuation

» Net Weight and purity which Approved By Panel Goldsmith Jewelers & 70 % of Gold Value as a loan amount

Pre-closure

» No Pre-closure Charges

EMI

» Up to Rs. 2.00 Lakhs Bullet Repayment Scheme

» Above Rs. 2.00 Lakhs - EMI - Monthly (Max 36 Months)

Documents

» Aadhar Card

» PAN Card

Rate of Interest

Click here to view Rate of Interest
The Shahada People's Co-op Bank Ltd
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