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Introduction:

Fulfil your needs on your own with NBC Bank Gold Loan which allows you to get funds in 45 minutes!

The NBC Bank Gold Loan is your definitive solution to meet your imperative financial needs. Whatever your reason may be, education, business expansion, personal requirement, medical crisis or any other specified end-use, our Loan against Gold is all you need.

In volatile times and during a contingency you can take a Loan on Gold, for any use other than to purchase jewellery.

​​​​​​​Gold is a valuable asset, and with it comes surety and stability, so why not let it work for you? With minimal documentation and quick disbursal, a Gold Loan is a seamless solution. You can avail a Loan against Gold at any time. Our flexible tenure and repayment options ensure that your monthly outgoings are within your budget.

Make the most of your idle gold with NBC Bank’s attractive gold loans. Get a loan in 45 minutes over the counter with minimal documentation and transparent charges.

Gold Loans

All You Need To Know

  • FEATURES                                                    FEES & CHARGES                                 DOCUMENTATION

Features

  • Maximum Loan Amount : Rs 50.00 lacs

  • Minimum Loan Amount : Rs 20,000 /-

  • Margin

    • Gold Loan (EMI based): 25%

    • 3 Months Bullet Repayment Gold Loan* : 30%

    • 6 Months Bullet Repayment Gold Loan*: 30%

    • 12 Months Bullet Repayment Gold Loan: 35%
      *No further appraisal of pledged gold is required at the time of two subsequent renewals, subject to the pledged gold remaining in the custody of the Bank.

  • Security : Pledge of gold ornaments duly verified for quality & quantity.

  • Processing Fees: 
    Loan Amount of Rs. 3.00 lac - NIL
    Above loan Amount of Rs. 3.00 lac - 

    • 3 Months Bullet Repayment Gold Loan : Rs. 100+GST

    • 6 Months Bullet Repayment Gold Loan : Rs. 150+GST

    • 12 Months Bullet Repayment Gold Loan : 0.25% of loan amount subject to minimum Rs. 250 and maximum Rs. 5000+ applicable GST.

    • Gold Loan EMI based : 0.25% of loan amount subject to minimum Rs. 250 + applicable GST.

  • Others : Gold appraiser charges will be paid by the Applicant.

Requirements

 

Submit any one of the following:

  • Passport (Not expired)

  • Driving license (Not expired)

  • Voters’ ID Card

  • Aadhaar Card issued by UIDAI

  • PAN (Permanent Account Number) Card (along with any of above mentioned documents) or Form 60

  • One Passport Size Photograph

  • Agri Allied Occupation Documentation( in case of bullet repayment for agriculture customers)

Eligibility

  • Age : 18 years and above

  • Profession : Any individual (singly or jointly) with Steady source of income including: Bank’s Employees, Pensioners. (No Proof of income required)

Repayment

  • Repayment Mode 

    • Gold Loan (EMI based): Repayment of Principal and Interest will commence from month following the month of disbursement.

    • 3 Months Bullet Repayment Gold Loan: Interest and Principal on or before end of term.

    • 6 Months Bullet Repayment Gold Loan: Interest and Principal on or before end of term.

    • 12 Months Bullet Repayment Gold Loan: Interest and Principal on or before end of term.

  • Repayment Period

    • Maximum :
      Gold Loan (EMI based) : 36 months
      3 Months Bullet Repayment Gold Loan: 3 months 
      6 Months Bullet Repayment Gold Loan : 6 months ,
      12 Months Bullet Repayment Gold Loan: 12 months

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