Gold Loan
Purpose:-
To meet urgent personal expenses like Marriage / Medical, Educational needs
Margin:-
25% of Valuation based on 30 days average price of 22 carat gold as quoted by Indian Bullion & Jewelers Association (IBJA)
Prime Security
1] Linking Shares @2.50% to be subscribed from regular member borrower
2] CIBIL report is mandatory for loan amt. of Rs.1.00 lakh & above.
Applicable credit rating criteria to all loan schemes excluding gold loans define by bank
All other types of loan except gold loan, Suerty Loan & Vehicle Loan shall be subject to Legal opinion & financial statement opinion
If Primery security valuation is enough of loan amount so Collateral Security will not to be taken.
| Loan | Rate of intrest | Repayment |
|---|---|---|
|
Gold Loan upto Rs.2.00 lakh |
Rate of intrest 8.50% |
Bullet Repayment |
|
Gold Loan above Rs.2.00 lakh |
Rate Of Intrest 8.50% |
Period 36 Months |
