Gold Loan Balasore

• Generally gold loan is available at the interest rate of 11.5% to 14.5%
• ROI for tenure less than 1 year is also available at 1%
• Processing fees equals to 2000
• Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot

Check Your Eligibility:

• Age: 21 years and above
• Profession: Anybody with Steady source of income including: Bank’s Employees, Pensioners

Documents

• Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
• Address proof(Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
• Signature proof ( Passport/ PAN Card/Banker’s verification/ cheque).
• 2 passport size photographs

Know about the terms and conditions:

• Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
• foreclosure charges can be up to 1%.The minimum loan tenure is 6 Months.
• So foreclosure charges after 6 months are 0.
• Charges for late payment of loan Amount
• 2% p.a. as penal interest over and above the applicable rate of interest.