Gold Loan
Let the gold add glitter to your life. Unlock the value of your gold while you continue to own it.Grama Consumer Cooperative Society designed to provide liquidity against gold and gold Jewelers without having to sell them. Let your gold help you bring the golden period in lifes
FEATURES & BENEFITS :-
Avail Loan upto Rs. 2,00,000 & upto 85% of value
Hassle-free quick processing of loans
Minimum documentation and quick disbursal
Simplified Paperwork.
Easy Payment options..
ATL – Anytime Liquidity
No EMI, Service only Interest and enjoy the Loan facility TERMS & CONDITIONS:-The minimum investment amount in Monthly Income Scheme Rs. 100/- more investment. Interest calculation compound Quarterly.
Avail loan amount ranging from Rs. 1000 to Rs. 2,00,000.
The valuation of the gold ornaments will be done by Grama Consumer Cooperative Society through authorized value, and the cost of valuation will be borne by borrower.
Two colored photographs of gold ornaments are required.
Two colored photographs of borrower and his/her ID proof are required.
In case of nonpayment of interest for 12 months, the Gold ornaments will be sold by Grama Consumer Cooperative Society.
The loan interest will be paid on monthly basis.
The expenditure on sale of Gold ornaments plus due loan amount and 5% penalty rest on due amount interest will be deducted and balance amount will be deposited in to loan account.
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Frequently Asked Questions
Gold loan is sanctioned by accepting the gold ornaments of the customer as pledge. Personal loan is sanctioned on the basis of source of income and repayment capacity of an applicant. It is true that Gold loans, like personal loans or credit card borrowings, are often used for short term household requirements.
- Lower interest rate
- No processing fees
- Low or no foreclosure charges
- No-income proof required
- Safety of gold
The best part about Gold Loan eligibility is that any person above 21 years of age with a valid ID proof and claim that he/she owns the gold can avail it. The documents required for gold loan might include an address proof and photographs