Rajarambapu Sahakari Bank Ltd Gold Loan Interest Rate at 9.00%
|LOAN TENURE||Maximum 60 Months|
|PROCESSING FEE||As decided by the bank from time to time|
|PRE CLOSURE CHARGES||As decided by the bank from time to time|
About Rajarambapu Sahakari Bank Ltd
Rajarambapu Sahakari Bank Ltd is a Co-operative bank in india. It has headquarter in Mumbai. Rajarambapu Sahakari Bank Ltd was founded on 29-06-1981. It has 48 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 Rajarambapu Sahakari Bank Ltd which includes Rajarambapu Sahakari Bank Ltd Official Website, Rajarambapu Sahakari Bank Ltd ATMs accross the India, Rajarambapu Sahakari Bank Ltd Branches accross the India, Rajarambapu Sahakari Bank Ltd Contact Numbers, Rajarambapu Sahakari Bank Ltd official EmailID, Rajarambapu Sahakari Bank Ltd Headquarter and Rajarambapu Sahakari Bank Ltd Headquarter Address. Find Rajarambapu Sahakari Bank Ltd Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.
Other Products of Rajarambapu Sahakari Bank Ltd:
|Home Loan||Personal Loan|
|Education Loan||Business Loan|
|Car Loan||Two Wheeler Loan|
|Gold Loan||FD Interest Rates|
|RD Interest Rates||Bank ATMs|
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.
Rajarambapu Sahakari Bank Ltd 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).
Rajarambapu Sahakari Bank Ltd 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)
Rajarambapu Sahakari Bank Ltd Gold Loan AmountNeed Based Loan/
Quantum of loan should be determined based on the net weight of the jewel|ornament and rate per gram based on daily price quoted by Bank
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.
Rajarambapu Sahakari Bank Ltd 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.
Rajarambapu Sahakari Bank Ltd 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 Rajarambapu Sahakari Bank Ltd, Rajarambapu Sahakari Bank Ltd SMS balance check number, Rajarambapu Sahakari Bank Ltd SMS banking, Rajarambapu Sahakari Bank Ltd mobile banking, Rajarambapu Sahakari Bank Ltd toll free number,Rajarambapu Sahakari Bank Ltd toll free number 24*7, Rajarambapu Sahakari Bank Ltd miss call number.
- MISSED CALL NUMBERS - 9099086676
- CONTACT NUMBERS - 02342-252131, 252133
Rajarambapu Sahakari Bank Ltd Contact Details
- BANK OFFICIAL WEBSITE - www.rajarambapubank.org
- CONTACT NUMBERS - 02342-252131, 252133
- EMAIL ID - firstname.lastname@example.org
- MISSED CALL NO. - 9099086676
- TOTAL BRANCHES - 48
- TOTAL ATMS - 23
- HEADQUARTER - Mumbai
- BANK ADDRESS - Pune-Kolhapur (NH-04) Highway, Peth, Tal. Walwa, Dist. Sangli, Maharashtra India 415 407
Rajarambapu Sahakari Bank Ltd Gold Loan FAQsGold Loan Document Required
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