In case of an urgency of any sort of financial needs, fall back on Alavi Bank’s Gold Loan to get a loan approved of over Rs. 10 Lakh instantly.
- Any individual who is the true owner of the ornaments (preferably hallmark)
- Advance can be given to males solely against men ornaments without female applicant.
- When advance is given only to male applicant against women ornaments, female consent is required to be obtained or she should be made a coborrower.
- For Bullet repayment – Rs. 2 lakh
- For the purpose of house repairs/renovation – Rs. 5 lakh.
- Maximum loan/OD up to Rs. 10.00 lakh
Basis of Advance:
75% of the valuation of gold ornaments
Pledge of Gold Ornaments
Rate of Interest:
- Gold Loan (Max Rs. 2.00 Lakh) 10.75%
- Gold Term Loan ( 2 to 10 Lakh) 10.75%
Charges at actual to be borne by the applicant
- Duly filled prescribed application form.
- KYC documents of applicant i.e. latest photograph, Identity proof, residence proof.
- Declaration from borrower that he is the true owner of the ornaments.