Gold Loan

Pledge your Gold Ornaments or Jewellery and avail the Highest Amount per gram of Gold. Depending on the net weight and purity of the gold, cash will be disbursed quickly. Gold loans are the easiest way to mobilize the money during the critical emergency financial situations. To fulfill your needs, Chemmanur Gold loan provides the best service to the customers with minimum documentation. Gold loans are the secured loans that customer can return their gold after the tenure by paying the principle and interest amount.

How does Gold Loan work?

Customer needs to bring their gold Ornaments or Jewellery to one of Chemmanur Branch to get the gold loan. After evaluating the purity of the gold, maximum amount per gram gold is calculated and informed to the customer. After customer confirmation, Gold Loan is sanctioned by accepting the gold of the customer as pledge.

Who is eligible for Gold Loan?

Gold loans ca ne availed by any Indian resident with proper KYC documents. Any person who is having gold can get the Gold Loan. The Gold Loan is eligible for all categories of personals such as salaried professionals, business men, government officers, shop owners, farmer, house wife etc.

What are the minimum requirements for Gold Loan?

Gold loan requires minimum documentation in which customer KYC details are submitted at the time of Gold Loan. These KYC details includes, A certified copy of Passport, Driving License, Aadhar card or Voters ID can be used. Customer photo and Customer signature are also taken during the pledging.

What is Gold Lone tenure?

Gold loan tenure varies from 3 months to 1 year. Various Gold Loan schemes are available with Chemmanur to get the maximum value for gold to the customers. Customers need to repay the Gold Loan on time depending on the tenure of the loan.

How can the Gold Loan be repaid?

Depending on the tenure of the Gold Loan, customer can repay the interest payment for their Gold Loan. Mostly customers pay their interest payments on monthly basis and principle amount was paid at the end of loan tenure.

GOLD LOAN SCHEMES

Annual interest rate (On diminishing balance)

Note:  

  The minimum interest is charged for 7 days for all schemes.

  (1) In case of default in interest payment beyond the stipulated days as shown in the table, the applicable interest rate for the loan would be the higher interest rate with retrospective effect from the date of availing the loan / last full interest serviced date, whichever is later.

  (2)  Additional rate of interest at 3% p.a. will be charged extra beyond the tenure of the scheme for the defaulted days.

  (3) Stamp duty for pledge instrument is applicable for Gold Loans availed in Karnataka State.

  *Conditions apply