THE UDAIPUR URBAN CO-OPERATIVE BANK LTD.
RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y
RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y
RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y
| Eligibility | All individuals desirous of availing Gold Loan against Gold Jewellery / ornaments. Minimum age 18 years Maximum age 60 years |
| Purpose | To cater the credit needs for meeting personal expenditure of varied needs like marriage, higher education, medical emergencies, business, travel etc. Purpose of loan will have to be specified along with an undertaking that loan will not be used for any speculative purposes. |
| Nature of Finance | Term Loan |
| Quantum of Loan | Min.Rs.50000/- and Max Rs.2 Lakh |
| Eligible Loan Limit | 70 % of the market value of the net weight (22 carat) of the Gold ornaments as per empanelled valuer / appraiser. |
| Loan Tenure | Max:12 months |
| Mode of Disbursement | Loan amount shall be disbursed to the credit of Savings Bank account with our Bank. |
| Membership | Borrower shall be Nominal Member of our Bank |
| Repayment | The entire loan amount along with interest shall be repaid within 12 months from the date of sanction. Interest shall be compounded on monthly basis but will become due for payment along with principal only at maturity. The LTV of 75 % to be maintained during tenure of loan account. |
| Interest Rate | 9.75% p.a on monthly compounding basis, subject to change from time to time. Penal interest @ 2% +GST. |
| Security | Pledge of Gold ornaments/jewellery |
| Processing charges | 0.35% of loan amount |
| Prepayment/Pre-closure Charges | NIL |
| Valuation Charges | Rs.500/- |
| Out of Pocket Charges (Stamp Charges) | As per applicable state law i.e. Stamp charges @ 0.25% of loan amount. |
| Custodial charges | Rs. 50/- per month or part thereof from the date of adjustment i.e. full repayment of the loan till date of release of gold ornaments/jewellery. |
| Details Required | a. Application Form b. KYC c. Income Proof d. CIBIL score |
| Eligibility | All individuals desirous of availing Gold Loan against Gold Jewellery / ornaments. Minimum age 18 years Maximum age 60 years |
| Purpose | To cater the credit needs for meeting personal expenditure of varied needs like marriage, higher education, medical emergencies, business, travel etc. Purpose of loan will have to be specified along with an undertaking that loan will not be used for any speculative purposes. |
| Nature of Finance | Term Loan |
| Quantum of Loan | Min.Rs.50000/- and
Max Rs.5 Lakh |
| Eligible Loan Limit | 70 % of the market value of the net weight (22 carat) of the Gold ornaments as per empanelled valuer / appraiser. |
| Loan Tenure | Max:12 months |
| Mode of Disbursement | Loan amount shall be disbursed to the credit of Savings Bank account with our Bank. |
| Membership | Borrower shall be Nominal Member of our Bank |
| Repayment | The principal along with interest shall be repaid in 12 EMI from the date of sanction. Interest shall be charged on monthly basis and collected along with instalments. The LTV of 75 % to be maintained during tenure of loan account. |
| Interest Rate | 9.75% pa on monthly compounding basis, subject to change from time to time. Penal interest @ 2% +GST. |
| Security | Pledge of Gold ornaments |
| Processing charges | 0.35% of Loan amount |
| Prepayment/Pre-closure Charges | NIL |
| Valuation Charges | Rs.500/- |
| Out of Pocket Charges (Stamp Charges) | As per applicable state law i.e. Stamp charges @ 0.25% of loan amount. |
| Custodial charges | Rs. 50/- per month or part thereof from the date of adjustment i.e. full repayment of the loan till date of release of gold ornaments/jewellery. |
| Details Required | a. Application Form b. KYC c. Income Proof d. CIBIL score |