To meet the credit needs of trade, commercial activity, other general business, real estate as also for their bonafide requirements.
Submit the gold ornaments along with the application in the prescribed format at the branch. The loan will be sanctioned on the base of the gold valuation which involves verification of its purity.
Bank will periodically review and fix the maximum advance amount payable per gram of gold , which nevertheless will not exceed the 80% of the existing market value of the gold.
• You are also required to submit any one of the following documents for verifying the correct Photo Identity .
Photo Identity Proof:
– Pass port
– PAN card
– Voters Identity Card
– Driving License
You are also required to submit any one of the following documents for verifying the correct permanent address.
– Telephone Bill
– Electricity Bill (Bearing Name of the account holder)
– Ration Card
– Property Tax Book / Receipt
– Registered Lease Deed.