Nagpur Nagarik Sahakari Bank Limited 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|
|PRE CLOSURE CHARGES||As decided by the bank from time to time|
About Nagpur Nagarik Sahakari Bank
Nagpur Nagarik Sahakari Bank Limited is a Co-operative bank in india. It has headquarter in Nagpur. Nagpur Nagarik Sahakari Bank Limited was founded on 10-08-1962. It has 46 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 Nagpur Nagarik Sahakari Bank Limited which includes Nagpur Nagarik Sahakari Bank Limited Official Website, Nagpur Nagarik Sahakari Bank Limited ATMs accross the India, Nagpur Nagarik Sahakari Bank Limited Branches accross the India, Nagpur Nagarik Sahakari Bank Limited Contact Numbers, Nagpur Nagarik Sahakari Bank Limited official EmailID, Nagpur Nagarik Sahakari Bank Limited Headquarter and Nagpur Nagarik Sahakari Bank Limited Headquarter Address. Find Nagpur Nagarik Sahakari Bank Limited Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.
Other Products of Nagpur Nagarik Sahakari Bank Limited:
|Home Loan||Personal Loan|
|Education Loan||Business Loan|
|Car Loan||Two Wheeler Loan|
|Gold Loan||FD Interest Rates|
|Nagpur Nagarik Sahakari Bank RD Interest Rates||Nagpur Nagarik Sahakari Bank ATMs Location|
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.
Nagpur Nagarik Sahakari 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).
Nagpur Nagarik Sahakari 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)
Nagpur Nagarik Sahakari 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.
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.
Nagpur Nagarik Sahakari 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.
Nagpur Nagarik Sahakari 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.
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- CUSTOMER CARE NUMBERS - 1800 266 7183
- CONTACT NUMBERS - 0712-2761386, 0712-2764313, 1800 266 7183
Nagpur Nagarik Sahakari Bank Limited Contact Details
- BANK OFFICIAL WEBSITE - https://www.nnsbank.co.in
- CONTACT NUMBERS - 0712-2761386, 0712-2764313, 1800 266 7183
- EMAIL ID - [email protected]
- CUSTOMER CARE NO. - 1800 266 7183
- TOTAL BRANCHES - 46
- TOTAL ATMS - 22
- HEADQUARTER - Nagpur
- BANK ADDRESS - Dr. Ambedkar Chowk, Central Avenue, Nagpur, Maharashtra Pincode-440008
Nagpur Nagarik Sahakari Bank Gold Loan FAQs Gold Loan Document Required