Karur Vysya Bank Gold Loan

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Rates as low as 1% p.m.
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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About Karur Vysya Bank Gold Loan

Karur Vysya Bank Gold LoanKarur Vysya Bank began its operating in 1916 in Karur. The bank provides many financial services and products. These include loans for personal needs. There are many people who need instant finance for certain expenses. Gold Loan is best suited for short term needs. It provides instant loan against gold. Gold Loan is basically taken to overcome short term requirements of a person. Karur Vysya has it’s gold loan scheme named as Swarna Mitra which has many features.

What is Gold loan?

Gold is one of the most precious and costly metals in India. Its value in our lives cannot be ignored because every person is attached to it emotionally. However, what is the point of keeping your gold in a closed drawer when it can help you in times of emergency. Taking a Loan Against Gold can help you to overcome any drastic situation. Gold Loan is the best way to get cash in a short span.

Features of Karur Vysya Bank Gold Loan

  1. It is a Short Term Loan.
  2. Karur Vysya Bank Gold Loan is for those individuals who own Gold Jewelry
  3. The loan is specifically for personal purposes.

Why Karur Vysya Bank Gold Loan?

  1. Loan Amount: A maximum amount of Rs.10,00,000 can be availed.
  2. EMI options: Hassle free payment of EMIs.
  3. Instant liquidity: Enjoy liquidity of cash at any time. Generate instant cash in time of need.
  4. Security: The customer is assured that his/her gold is in safe hands.
  5. Interest Rates: Individual can get the advantage of lower interest rates for this Loan.
  6. A person can also apply for Gold Finance on Agricultural Land on their name and get a discount of 1% on the interest rate charged.

What is Karur Vysya Bank Gold Loan Eligibility?

There are some eligibility criteria to get a Gold Loan.

1. The age of the applicant should be more than 18 years.

2. The applicant should be a citizen or permanent resident of India.

Specifics of Karur Vysya Bank Gold Loan  

Swarnamitra12.00% (BR+1.60%)
Primary securityPledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots sold by banks.
Collateral securityNil (Optional)
GuaranteeNil (Optional)
Processing charges0.50 Per Loan of Rs.100.00 (inclusive of Appraisal charges)
Minimum Loan AmountRs.1.00 Lakhs
Repayment Tenor12 Months (Overdraft Facility). The Limit can be renewed for a further period of 12 months, subject to the discretion of sanctioning authority.

Rate Of Interest & Per Gram Rate For Jewel Loan Products

 

S.NoJewel Loan ProductsPer Gram Rate (Rs.)Rate Of Interest (%) With Effect From 24.02.2016Maximum Limit
JEWEL LOAN (AGRI)
1JEWEL LOAN (AGRI)-12 MONTH
(Long term)
195010.40
(Base rate)
Any amount
(Based on extend of land and cultivation)
2KVB QUICK JEWEL LOAN (AGRI)-6 MONTH
(Short term)
200010.40
(Base rate)
Rs.25 lacs
JEWEL LOAN – OTHERS (NON-AGRI)
3JEWEL LOAN (OTHERS)-12 MONTH162512.00
(Base rate+1.60)
Rs.40 lacs
3JEWEL LOAN (TRADE)-12 MONTH162511.75
(Base rate+1.35)
Rs.40 lacs
4KVB QUICK JEWEL LOAN (TRADE) – 6 MONTH172512.15
(Base rate+1.75)
Rs.25 lacs
5KVB QUICK JEWEL LOAN (PERSONAL) – 6 MONTH172512.15
(Base rate+1.75)
Rs.25 lacs
6KVB-SWARNA MITHRA SCHEME
OVERDRAFT (OD) PRODUCT
190012.00
(Base rate+1.60)
Rs.75 lacs

 

Documents Required for Karur Vysya Bank Gold Loan

 

  1. Proof of Identity: Aadhaar Card/ Passport Copy/ Voters ID card/ Driving License.
  2. Address Proof: Aadhaar Card/Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
  3. Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.
  4. 2 passport size photographs.

Karur Vysya Bank Gold Loan Procedure

  1. First of all, Apply online for loan against gold.
  2. Afterwards, borrower will have to submit an application form along with his / her valuable Gold asset.
  3. Then the bank will evaluate the real value of your Gold in terms of its purity and weight.
  4. Finally the Loan is sanctioned to the applicant after checking the genuineness of the asset provided.
  5. The whole Gold Loan process takes around.

Why Dialabank.com?

If you are going to apply for a gold loan online, then you are advised to apply on the website of dialabank.com. There are some benefits.
1. Your loan will be approved very easily and disbursed very quickly.
2. You will get proper guidance from the experts.
3. Furthermore, you will get a document pickup facility from your doorstep.
4. For more information, you can call on 60011600.
 
Secured or Unsecured
 
Gold loan is categorized in the category of secured loans because while getting a gold loan we pledge our gold to the bank as a security, and if we don’t repay our loan on time, the bank is liable to sell the gold and recover the old loan amount.* For any assistance regarding Gold Loan, call us on 60011600, our trained Relationship Managers will solve all your queries.

 

Leading Gold Loan Providers (Click to Apply)

  1. Manappuram Gold Loan
  2. IIFL Gold Loan
  3. HDFC Gold Loan
  4. Muthoot Gold Loan
  5. Reliance Gold Loan
  6. Canara Bank Gold Loan
  7. Other banks

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