Gold Loan

Gold Loan

Suvarnadhara – Gold Loan Scheme :-

The customers are given loan up to Rs. 5 lacs or 70% of Gold ornaments for purchase of gold. The loan period for this scheme is of one years. The bank has started this scheme in this current year.

Regular Advance against Gold :-

The customers are given loan up to Rs. 1 lac against gold ornaments in this scheme. The loan period for this scheme is of one year. This scheme is quite popular among the customers.

Eligibility

The financial eligibility depends on an individual's repayment capacity and is based on the following factors:

  • Monthly or annual income
  • Source of income
  • Savings and credit history
  • Work experience
  • Age
  • Qualifications
  • Number of dependents
  • Probability of the individual continuing in the same occupation

Required Documents

Apart from the application form, you will be required to submit the following documents.

Document Valid Type
Identity Proof PAN Card, Driving License, Passport, Voter's ID, Aadhaar Card
Address Proof Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
Signature Proof PAN Card, Driving License, Passport
Latest Passport Size Photographs (4 copies)