Use your own gold for emergency financial needs with our hassle free Gold Loan Facility.
A gold loan or a loan against gold is a secured loan which customers can avail from Vishwas bank in lieu of gold ornaments like gold jewellery. It is the easiest way to fulfil your financial needs and proves to be a sensible alternative to availing loans from banking channels.
We ensure you complete customer satisfaction. With rates of interest (data), We offer you complete ease along with a trusted experience.
- Loan Limit : Upto Rs.50 Lakhs.
- No processing fees
- No Guarantors
- No Income Proof Required for Loan upto Rs.5 Lakhs
- Hassle free documentation
- Speedy sanction & Disbursal of loans
- Safety of Gold Ornaments
- Basis of Advance : 75% of the valuation of gold ornaments
- Repayment :
- For Gold loan upto 1 lakh : Bullet repayment at the end of 12 months
- For Gold loan from Rs.2.00 lakhs to Rs.5.00 lakhs : 36 months
- For Gold Loan from Rs.5.00 lakhs to Rs.50.00 lakhs : 60 months
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Rate of Interest : 9.00%
- The applicant must be true owner of the gold ornaments and jewellery to be pledged with the bank.
- The applicant should be a local resident.
Documents :
Duly filled form with :
- Income Proof of Applicant (For Loan above 5 Lakhs)
- Declaration from borrower that he/she is the true owner of the ornaments.
Prime Security :
- Pledge of Gold ornaments and jewellery.
- Valuation Charges, Stamp Charges.
Valuation Charges:
- Rs.2/- per Thousand, subject to Bank policy
