Amanath Cooperative Bank Ltd. Bangalore Gold Loan Interest Rate at 12% to 12.50%

Note: Updated on 23 Feb 2024, for latest interest rates, please visit bank website.

About Amanath Cooperative Bank Ltd. Bangalore

Amanath Cooperative Bank Ltd. Bangalore is a Co-operative bank in india. It has headquarter in Banglore. Amanath Cooperative Bank Ltd. Bangalore was founded on 13-01-1977. It has 13 branches and

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Find details about Amanath Cooperative Bank Ltd. Bangalore which includes Amanath Cooperative Bank Ltd. Bangalore Official Website, Amanath Cooperative Bank Ltd. Bangalore ATMs accross the India, Amanath Cooperative Bank Ltd. Bangalore Branches accross the India, Amanath Cooperative Bank Ltd. Bangalore Contact Numbers, Amanath Cooperative Bank Ltd. Bangalore official EmailID, Amanath Cooperative Bank Ltd. Bangalore Headquarter and Amanath Cooperative Bank Ltd. Bangalore Headquarter Address. Find Amanath Cooperative Bank Ltd. Bangalore Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.

Other Products of Amanath Cooperative Bank Ltd. Bangalore:

The purpose of the Gold Loan is to provide loan to borrowers against pledge of their gold |gold ornaments| gold coins to meet their urgent financial needs with lower interest rate and faster disbursement.

Amanath Cooperative Bank Ltd. Bangalore Gold Loan Eligibility

1. Person should be at least 18 years old.
2. Any person who owns gold | gold ornaments | gold coins that needs to be mortgaged with the bank.
3. Person should have a regular income (optional).
4. Persons who are having Savings or Current account with the bank (optional).

Amanath Cooperative Bank Ltd. Bangalore Gold Loan Document Required

1. Duly filled up and signed gold loan application form
2. 2 passport size photographs
3. Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
4. Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
5. Proof of income -Latest salary slip showing all deductions or Form 16 or Income Tax Returns of 2 previous financial years (optional)

Amanath Cooperative Bank Ltd. Bangalore Gold Loan Amount

Maximum Rs. 20 lakh

Security

Gold or gold ornaments or gold coins etc. and since these can easily get liquidated in case of any default, banks offer these loans easily and at lower rates.

Amanath Cooperative Bank Ltd. Bangalore Gold Loan Tenure

It is a short term loan. As per RBI guidelines, the tenor is limited to 1 year, in case of non-agriculture use. Some of the banks offer the tenure of upto 36 months too. You can take your gold back from the bank after you repay the loan completely.

Amanath Cooperative Bank Ltd. Bangalore Gold Loan Repayment

Repayment structure depends on the bank. Mostly, banks permit repayment through EMIs or a bullet repayment at the end of loan term. In case of bullet payment at the end, borrowers need to pay interest on time. The principal amount will be paid in a bullet payment at the end.

Charges Associated with Gold Loan

1. Processing Fee: Some banks charge the processing fee which fee can be if negotiated, may be waived off. Valuation Fee: Some banks charge a small amount for valuation of gold. This is paid to the third party valuer.
2. Pre-payment Penalty: Some banks may charges penalty for pre-payment of loan.
3. Late payment Penalty: It is charged if you make any delay in payment of interest.

Things that you must know before Applying for a Gold Loan

In India, we have emotional attachment with gold because usually, it is kept in the form of family jewellery. When we want to avail gold loan, we are required to keep this gold as a collateral which we do not agree so easily.

It is also required for you to be aware of the quality of gold which qualifies for the gold loan. The purity of gold which is required as a collateral for gold loan should be 18-22 carat or above. No value of precious gems studded in the gold jewellery is taken into account. It is also equally important for the borrowers to go through the terms and conditions mentioned in loan agreement thoroughly.

Further, if you are unable to repay the gold loan on time then there are high chances of losing your pledged gold/ gold jewellery. This may cause undue pressure on you. Hence, it is very necessary for you to think beforehand whether you will be able to repay the gold loan conveniently.

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• CUSTOMER CARE NUMBERS - 080-22957711 to 22957716
• CONTACT NUMBERS - 080-22957711 to 22957716, Fax : 080-22957705

Amanath Cooperative Bank Ltd. Bangalore Contact Details

• BANK OFFICIAL WEBSITE - https://www.amanath-bank.com
• CONTACT NUMBERS - 080-22957711 to 22957716, Fax : 080-22957705
• EMAIL ID - [email protected]
• CUSTOMER CARE NO. - 080-22957711 to 22957716
• TOTAL BRANCHES - 13
• TOTAL ATMS - 8
• HEADQUARTER - Banglore
• BANK ADDRESS - 'Amanath House' 43, Hospital Road, Bangalore, Karnataka Pincode-560001

Amanath Cooperative Bank Ltd. Bangalore EMI Calculator  Amanath Cooperative Bank Ltd. Bangalore Branches  
Amanath Cooperative Bank Ltd. Bangalore Gold Loan FAQs  Gold Loan Document Required

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