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Gold Loan

GoldFina - Loan against Gold Ornaments

Your Gold will Help To Fulfill Your Needs.

Features & Benefits

  • Attractive Interest Rate
  • Interest charged on daily reducing balance
  • No prepayment charges for repayment after 15 days from date of disbursement
  • Simple Documentation& Speedy Approval
  • Easy repayment options – ECS / Post- dated Cheque / Standing Instruction

Purpose :

  • For your Financial needs.

Quantum of loan

Minimum –Rs. 25,001/- Maximum - Rs.25,00,000/- (Bullet repayment for loan upto Rs. 2.00 lacs)
(Maximum Loan /OD of Rs. 25.00 lacs)

Margin

For Bullet Repayment option Margin will be 35% (65% LTV) and for repayment with EMI option & monthly interest servicing in overdraft facility, Margin will be 25% (75% LTV).

Rate of Interest : 8.75 % p.a

Documents / Income proofs required

  • Duly filled Application form & Self-attested KYC documents
  • Declaration of being owner of Ornaments to be pledged.
  • Income documents for loan amount above Rs.5 Lacs.
  • Agri Allied Occupation Documentation (in case of bullet repayment for agriculture customers) for loan amount above Rs.2 Lacs.

Security

  • Primary - Pledge of gold ornaments

Surety

  • No Guarantor

Tenure : 12 months

Repayment

  • Repayment period will be 12 months. Early payments and partial payments will be accepted.
  • Bullet repayment for loan limit upto Rs. 2 lacs.
  • For Gold loan above Rs.2 lacs, payable on EMI basis/Quarterly basis / Monthly interest servicing in overdraft facility.
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