Vijaya Bank allows 11.95% on the interest rates for the loans provided for Gold. There are miscellaneous other processing fees and no foreclosure charges. The distinction between free application and minimum documentation. Criterion loan amount against the value of the gold. Vijaya Bank gold loans are one of the simplest and most credible options to secure funds for your unexpected needs at stunning interest rates. Keeping the documentation minimal and a secure repository, Vijaya Bank’s gold loan is the most viable option that you are looking for to get the funding quickly. These funds thus protected from a gold loan can be applied for weddings, education, business expansion, and other similar purposes. A gold loan lends some sudden help in times of emergencies as it helps an individual get cash within a day.
Vijaya Bank gold loan proposes the best and effective way for the customers and borrowers to satisfy all the types of personal needs such as a wedding, education, business expansion, etc. Minimum Loan Amount: The minimum loan proportion commences from the amount 1000 and the maximum Loan Amount considering it as a secured loan, there are no heights on the upper limit on the Vijaya Bank gold loan. The period of making a repayment on Vijaya Bank gold loan onsets from 12 months and up to 30 months. The borrower does not even have to reimburse a processing fee on the Vijaya Bank gold loan. There are no prepayment charges on the Vijaya Bank gold loan. The interest rate on the Vijaya Bank gold loan is up to 11.95%.
The gold jewels submitted to the bank as a part of collateral are kept safely with the bank in the bank’s locker and you can fetch it back after the whole loan repayment is done. The gold loan per gram would range between INR 1755 to 2145 and is prone to shift based on the purity of the gold and the market prices.