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| Gold Loan Scheme |
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| Type of facility |
| Term Loan Gold and Cash Credit Gold |
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| Purpose |
| Personal Loan to Purchase Gold Bars, Jwillery, Chips, Biscuits etc. |
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| Eligibility |
| Any Individual |
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| Margin |
| Rs.23750/- for per 10gm. Pure Gold. |
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| Repayment |
| The repayment will be Maximum 12 months. |
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| Interest Rate |
| @13 % p.a. |
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| Required Documents |
1. Duly field loan form.
2. Valuation report of gold ornaments from bank's approved Gold Valuator.
3. Nominal Membership.
4. KYC documents of Borrower. |
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| Loan Handling Charges |
1. Gold Valuation Charges – Rs.1.50 for per Rs.1000/- (Minimum Rs.15/-)
2. Processing Charges – Rs.50/- for per 1 Lakh.
3. Insurance (on Valuation Amount) – Rs.2/- for per Rs.1000/- (Minimum Rs.20/-) |
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