All About J and K Grameen Bank Gold Loan
J&K Grameen Bank was set up while RRBs viz. JRB and KRB under GOI Notification dated 30th June 2009 issued under subsection (1) of section 23A of the Reginal Rural Bank Act, 1976 (21 of 1976).The area of operation of the back is extended to 11 Districts, besides some parts of District Srinagar and Ganderwal of J&K State. The network of the bank consists of six Regional Offices and 217 branches. The primary objective of the Bank is to improve the economy of rural, semi-urban & urban centres. The bank provides a lot of financial services like Personal Loan, Gold Loan, Home Loan and many more. To easily avail a Gold Loan Click Here.
J and K Grameen Bank Gold Loan Key Features
|Gold Loan per gram||
variable depending on the purity of gold
|Age of Borrower||21 – 70 years|
|Maximum Loan Amount||Up to 15 lakhs|
|Maximum Loan to Gold Value Ratio||Up to 70%|
|The purity of Eligible gold||18 carat to 22-carat gold|
|Loan Tenure||up to 12 months|
About Gold Loan
Loan On Gold Highlight
J and K Grameen Bank Gold Loan Interest Rate, Fees and Additional Charges
|Gold Loan Rate||10.70% p.a.|
Bullet Repayment Scheme, Overdraft Scheme
|Gold Valuation Charges||
Up to Rs 5.00 lacs – Rs 500.00 plus applicable GST.
Above Rs 5.00 lacs – Rs 700.00 plus applicable GST.
|Processing Fee||Rs. 500 + GST|
J and K Grameen Bank Gold Loan Eligibility
|Age||21-70 years of age|
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Gold ornaments (18-22 carats)
|CIBIL score||Above 500|
J and K Grameen Bank Gold Loan Documents Required
2 Passport-Sized latest coloured photos
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
Agricultural Land Proof
Required only if the Loan is taken for Agricultural Purpose. In the case of Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
|Demand Promissory Note||
Certificate by the Jewel Appraiser (Bank will arrange)
J and K Grameen Bank Gold Loan Benefits
How Much Can I Get Through J and K Grameen Bank Gold Loan?
|J and K Grameen Bank Gold Loan Rates/ Gram|
|Weight||Loan on 18Cr Gold||Loan on 20Cr Gold||Loan on 22Cr Gold||Loan on 24Cr Gold|
How to apply for J and K Grameen Bank Gold Loan?
Why Dialabank for online Gold Loan?
- Dialabank helps solve all of your queries.
- You can apply for the best loans through Dialabank without getting out of your houses.
- Dialabank helps you compare all the offers and choose the one that fits your best.
- Dialabank does not charge for its services.
- There are no hidden charges.
J and K Grameen Bank Gold Loan EMI Calculator
Rate of Interest
|6 months||1 Yr||2 Yrs||3 Yrs|
J and K Grameen Bank Gold Loan FAQs
✅ What is J and K Grameen Bank Gold Loan?
J and K Grameen Bank gold loan is funding provided by the J and K Grameen Bank to its customers and borrowers. The loan is very easy to avail of and is disbursed in a few hours. It is the answer to all the financial requirements.
✅ How Can I Get Gold Loan From J and K Grameen Bank?
To get a gold loan From J and K Grameen Bank, you can visit it’s nearest bank branch with your documents and gold jewellery or apply online through its digital platform. You can also apply online through Dialabank.
✅How much Gold Loan Can I get per gram from J and K Grameen Bank?
The gold loan per gram that you can get from J and K Grameen Bans is affected by a lot of factors such as the value of your collateral and its purity. The bank gives a 70% loan to collateral value.
✅ How Does J and K Grameen Gold Loan work?
J and K Grameen Loan works in a way that facilitates its customers. All the borrowers have to do is take their documents and gold collateral, which will be valued at the bank. After the valuation, the bank will offer a loan amount. If accepted by the customer, the amount will be sanctioned.
✅ What is the Gold Loan interest rate in J and K Grameen Bank?
The gold loan interest rate in J and K bank starts at just 10.70%. This can go up if you don’t have a stable income or a good CIBIL score.
✅What is the maximum gold loan amount I can avail of on a gold loan from J and K Grameen Bank?
J and K Grameen Bank allows you to avail of a maximum loan amount of Rs. 15 lakhs. The lowest amount allowed is Rs. 10 thousand.
✅How much processing fee is applicable to the J and K Grameen Bank Gold loan?
The applicable processing fee on the J and K Grameen Bank gold loan a meagre Rs. 500. You don’t have to pay this amount separately as this will be deducted from your loan amount.
✅ What are the charges for pre-payment in the J and K Grameen Bank gold loan?
The prepayment charges on the J and K Grameen Bank gold loan nil. You don’t have to pay anything to prepay or foreclose your loan.
✅What if I can’t pay the interest on the J and K Grameen Bank Gold loan for 3 months?
If you fail to pay your J and K Grameen Bank gold loan interest for 3 months, the bank will first serve you with a legal notice and might charge you a high late fee. Moreover, your credit score will be affected negatively and your gold jewellery will be seized.
✅How can I apply for the EMI moratorium on the J and K Grameen Bank Gold loan?
Applying for an EMI Moratorium on the J and K Grameen Bank Gold loan is very easy. You have to visit the bank branch or its website for that, only until 5 days before you have to pay your EMI