Purpose :–
Loan Against Pledge of Gold.
Loan Amount:–
75% of valuation of gold pledged.
Margin:–
25% of valuation of gold pledged.
Repayment:–
repayment for period up to 1 year. Monthly repayment for Max period of 12 months.
Rate of Interest:–
Security:–
Pledge of Gold.
Processing Fee:–
Valuation fee of Goldsmith And 1.5 % Processing Fee + service tax.
Share Holding:–
Nominal Membership.
Documents:–
Latest Photograph,Photo Identity Proof,Residence proof of the Applicant and Guarantors.
Insurance:–
Insurance Of Property Charged To The Bank.