Term Loan against the Pledge of Gold Ornaments

Salient Features This scheme provides financial assistance for business / profession /other needs.
Eligibility
  • Applicant must be Regular/Associate/ Nominal Member having satisfactory income to repay the Loan.
  • Possession of Savings Bank Account which is KYC compliant
Quantum of Loan Up to Rs. 2lakh for members repayable in 12months at one shot
Above Rs. 2 lakhs to Rs. 5 lakhs is repayable on monthly installment

Note : Rs.3000 per gram.
Tenure
  • 12 months
  • In the case of overdraft the period is one year
Processing fee 1.10% of loan amount with minimum of Rs.250/-
Rate of interest As prescribed by the Board
Repayment mode Loan availed by the members is to be repaid after one year in one lump sum along with interest. However, there is no objection to repay the loan by part payments. Loan of Rupees above one lakh is to be repaid in monthly installment with interest and closed within 12months.
Documents required.
  • Loan Application cum Document

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