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Jewel Loan

Jewel Loan

Eligibility Individuals including Senior Citizens
Minimum Entry Age 21 years
Maximum Exit Age 70 years
Purpose Domestic needs, consumption, family function, medical expenses and any bankable activity, other than speculative
Type of Facility 1. Bullet Repayment

  • Entire loan amount is repayable at the end of period along with interest
  • Quantum of Loan:                                                                                                           The assessment of limit for various tenure will be as under:
    1.  Per gram advance value of Jewels communicated by CO time to time.
    2. Market based advance value of the Jewels pledged (LTV) of 22 carat                 fineness/ gold coins of 24 carat fineness as detailed here:

    Sl No Bullet Repayment Tenure Revised  advance value Available Margin Max LTV during the tenure of Loan
    1 12 months 68% 32% 75%
    2 6 months 71% 29% 75%
    3 3 months 73% 27% 75%

Out of 1 and 2 whichever is less

  • Max. Loan Amount: Rs.35.00 lakhs per borrower
  • Repayment Period: Maximum 12 months

2. Monthly Repayment

  • Repayable in monthly instalments with interest
  • Quantum of Loan: 70% of market value of the Jewels pledged or Per gram advance value of Jewels, whichever is lower
  • Max. Loan Amount: No cap
  • Repayment Period: Maximum 35 months
Interest Rate Click here
Processing Fee Click here
Appraiser Fee To be borne by the applicant
Security Pledge of jewels
Documents Required
  • Duly filled in application form
  • Identity proof
  • Address proof

Apply for loan (Click Here)

( Last modified on Jul 05, 2024 at 03:07:01 PM )

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