Helpline No. : 0141-2222441
  integralbarkatnagar@gmail.com
Gold Loan

Gold Loan

Gold loan is sanctioned by accepting the gold ornaments of the customer as pledge. Gold loans are often used for short term household requirements, business purposes etc. However, in terms of the cost and ease of availing the loan, and the convenience, gold loans are a better bargain.

To meet the credit needs of trade, commercial activity, other general business, real estate as also for their bonafide requirements.

Anyone who owns gold ornaments can avail the loan provided he/she is the share holder or nominal share holder of the Bank. (Note: minors are not eligible.)

Procedure

  • 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.
  • Customers are free to repay part amount of loan and/or accrued interest thereon at anytime.