Saraswat Bank Gold Loan Scheme
Type of CustomerIndividuals
Limits of Loans Maximum Rs. 25.00 lacs for TL depending on the repaying capacity and existing banking relations.
Income Linkage Income proof is required but linkage to amount of advance shall not be insisted on .
Basis of Advance/ Eligibility 70% of valuation. Valuation should be done by banks approved valuer.
Repayment PeriodMaximum repayment period is 12 months in case of Bullet repayment if loan amount is less than Rs. 1.00 lacs.
In other cases (EMI), maximum period 30 months.
Processing Fees
- Upto Rs. 2.00 lacs - Rs. 500/-
- Above Rs. 2.00 lacs – Rs. 1000/-
- Excluding the valuation charges.
Shareholding
Nominal Membership upto Rs. 25.00 lacs
Documentation 6 months bank statement required
Nature of account. Existing Banking relation are not necessary . However customer is required to open and operate Savings/Current Account.
Disbursement of Loan. Loan shall be disbursed on the same day of Valuation.
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