Pondicherry State Co-operative Bank Gold Loan Documents Required

Pondicherry State Co-operative Bank Gold Loan Documents Required

Customers can apply for Gold Loans in Pondicherry State Co-operative Bank. For more queries regarding Gold Loans, Dialabank is always there for its customers.

The key features of Pondicherry State Co-operative Bank Gold Loan are as follows:

Interest Rate: The interest rate in Pondicherry State Co-operative Bank for Gold Loan is 7% per annum.

Zero Processing Fees: Several banks and NBFCs don’t charge any processing fees since gold loans are provided instantly with gold as collateral control by the bank.

Prepayment Charges: Pondicherry State Co-operative Bank Gold Prepayment Charges are 2%+GST within three months and zero after three months.

Rate Per Gram: Pondicherry State Co-operative Bank Gold Loan Rate Per Gram is from ₹ 3,506 to ₹ 4,621

Pondicherry State Co-operative Bank Gold Loan Comparision with banks

Pondicherry State Co-operative Bank Gold Loan EMI calculator

Pondicherry State Co-operative Bank EMI Calculator calculates your monthly EMI at the chosen rate for a selected period. The EMI is set by the loan quantity, rate, and loan term.

Loan quantity: If Customers provoke a bigger gold loan online, then ultimately your EMI goes higher.

Interest rate: The Interest rate is directly proportional to the value of EMI. The higher the rate, the greater the EMI.

Loan duration: In the case of an extended loan amount/period, the EMI on a gold loan is reduced.

Customers can check all the details regarding Gold Loans on Dialabank’s website. Dialabank is the most trustworthy agent in providing Gold Loans to its customers.

Pondicherry State Co-operative Bank Gold Loan Documents Required

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

Pondicherry State Co-operative Bank Gold Loan Documents Required – FAQs

✅ Who is eligible for a gold loan?

Any Indian national above the age of eighteen years and less than seventy years is eligible to use for a jewellery mortgage. Some banks need you to own a co-borrower if the credit applicant’s age is higher than seventy years.

✅ Is checking account necessary for a gold loan?

To avail a gold loan, you do not have to be compelled to submit any document for financial gain or remuneration proof as banks and non-financial establishments offer gold loans with the smallest documents for identity and address proof.

✅ Is a gold loan a decent option?

Gold loans are secured loans during which you’ll be needed to stay your physical gold within the type of jewellery or coins as collateral for your fund demand. It’s thought-about as a decent possibility for short cash needs.