Kashi Gomti Samyut Gramin Bank Gold Loan Documents Required

Features of Kashi Gomti Samyut Gramin Bank Gold Loan

If you are facing a financial problem and need funds for education, or medical purposes or business purpose best way to get funds is by applying for a gold loan. A gold loan is a type of loan in which the borrower gives gold to the bank as collateral to get the loan. This gold is with the bank till your loan is paid off, after doing repayment of the loaned gold, Gold is given back to the customer.

Before going into details of a gold loan. Let’s take a glance at the features of a gold loan at Kashi Gomti Samyut Gramin Bank loan

1. Getting a gold loan is very easy and fast at Kahi Gomti Samyut Gramin Bank. You can get a gold loan within 2-3 hours of the request.
2. A gold loan can be availed without income proof and without checking credit scores.
3. Tenure for gold loan is from 3 months to 36 months.
4. The Gold loan can give a high loan to value ratio up to 80% of the value of gold.
5. Have multiple options for repayment of the loan.

Kashi Gomti Samyut Gramin Bank Gold Loan Comparision with banks

Now you can compare gold loan interest rate, rate per gram and other factors of Kashi Gomti Samyut Gramin Bank with other banks.

Kashi Gomti Samyut Gramin Bank Gold Loan EMI calculator

After comparing and deciding the interest rate, loan tenure of the gold loan. You might need an EMI calculator to calculate the monthly instalment for a loan. We at DialaBank have made an EMI calculator which calculates the Exact value of funds you have to pay to the bank this will help you in planning your financial budget.

Kashi Gomti Samyut Gramin Bank Gold Loan Documents Required

Documents required for availing of a gold loan are very few mainly you require a KYC document to get a gold loan. Mentioned below are all the documents needed for getting a gold loan at Kashi Gomti Samyut Gramin Bank.

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Kashi Gomti Samyut Gramin Bank Gold Loan Documents Required – FAQs

✅ Is a gold safe with the lender? 

Gold taken against the gold loan are kept with the professional institutes with tight security under 24 * 7 CCTV camera surveillance.

✅ What happens if gold is stolen from the bank? 

If gold is stolen from the bank individual will get an equivalent amount to the gold’s market value from the bank

✅ What are the fees taken while applying for a loan? 

After applying for a loan prepayment fee which should be paid before the loan is executed, this prepayment is nearly equal to 1% or 1,5% of the loan amount. You may also need to pay a valuation charge and paperwork charges. In addition to this, your lender will charge for GST and Service tax.

If you pay EMI late or if you do prepayment of loan you might need to pay prepayment penalty or late payment penalty.