Jammu And Kashmir Grameen Bank Gold Loan Interest Rate at
| INTEREST RATE | Please Contact Bank Branch |
| LOAN TENURE | Contact Bank Branch |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | No |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About Jammu And Kashmir Grameen Bank
It has headquarter in Jammu and address is Near Fruit Complex, Narwal, Jammu - 180 006, Jammu & Kashmir. it has 132 branches across the state.
It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Jammu And Kashmir Grameen Bank Gold Loan, Jammu And Kashmir Grameen Bank Gold Loan Interest Rate, Gold Loan at Updated on 10 Oct 2024. Apply for Gold Loans Online. Find Jammu And Kashmir Grameen Bank Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.
Other Products of Jammu And Kashmir Grameen Bank:
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.
Jammu And Kashmir Grameen Bank Gold Loan Eligibility
- Person should be at least 18 years old.
- Any person who owns gold | gold ornaments | gold coins that needs to be mortgaged with the bank.
- Person should have a regular income (optional).
- Persons who are having Savings or Current account with the bank (optional).
Jammu And Kashmir Grameen Bank Gold Loan Document Required
- Duly filled up and signed gold loan application form
- 2 passport size photographs
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Proof of income -Latest salary slip showing all deductions or Form 16 or Income Tax Returns of 2 previous financial years (optional)
Jammu And Kashmir Grameen Bank Gold Loan Amount
The gold or gold ornaments or gold coins are valued by bank's valuer immediately to arrive at the loan amount. It also involves verification of its purity. Note that the weight of any other stones, gems or metals fixed on the gold ornaments will be deducted for the purpose of valuation.
Normally, the loan amount is approved upto 70% of current market value of your gold. In case you are ready to pay some higher interest rate, banks can also approve upto 90%. This varies according to each bank's gold loan scheme.
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.
Jammu And Kashmir Grameen Bank 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.
Jammu And Kashmir Grameen Bank 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
- 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.
- Pre-payment Penalty: Some banks may charges penalty for pre-payment of loan.
- 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.
Contact details of Jammu And Kashmir Grameen Bank, Jammu And Kashmir Grameen Bank SMS balance check number, Jammu And Kashmir Grameen Bank SMS banking, Jammu And Kashmir Grameen Bank mobile banking, Jammu And Kashmir Grameen Bank toll free number,Jammu And Kashmir Grameen Bank toll free number 24*7, Jammu And Kashmir Grameen Bank miss call number.
- CUSTOMER CARE NUMBERS - 18005729964, 7051510170, 7051510173
- CONTACT NUMBERS - 18005729964, 7051510170, 7051510173
Jammu And Kashmir Grameen Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.jkgb.in
- CONTACT NUMBERS - 18005729964, 7051510170, 7051510173
- EMAIL ID - [email protected]
- CUSTOMER CARE NO. - 18005729964, 7051510170, 7051510173
- TOTAL BRANCHES - 132
- HEADQUARTER - Jammu
- BANK ADDRESS - Near Fruit Complex, Narwal, Jammu - 180 006, Jammu & Kashmir
Jammu And Kashmir Grameen Bank Gold Loan FAQs Gold Loan Document Required
