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Whats New

  • RBI grants Authorised Dealer – category II for retail forex license to Apna bank
  • BSI certifies Apna Bank with the upgraded ISO 27001:2013 cerification for information Security
  • IMPS -Apna Sahakari Bank Ltd. is Live in Immediate Mobile Payment System.
  • Milestone Of Business Mix Of Rs. 5000 Cr. Plus achieved. Thanks To All Our Shareholders & Customers.
  • We are SCHEDULED Bank now. Thanks to all Shareholders, Customers & Well Wishers.
Gold Loan


LOAN AGAINST PURE GOLD ORNAMENTS
Purpose To cater to urgent financial requirement for medical treatment, education, marriage, repayment of outside debt, house renovation etc.
Who can Avail this Loan Any account holder of the Bank having security as Gold Ornaments
Loan Features

a.Overdraft
Loan Limit : Upto Rs.1 Lakh
Eligibility   : Rs.21,500/- per 10gm. of pure gold ornaments
Repayment : 2 years. It can be renewed for a period of further 2 years


b.Demand Loan
Loan Limit : Upto Rs.2 Lakh
Eligibility : Rs.21,500/- per 10gm. of pure gold ornaments
Repayment : 1 year (bullet payment)


c. Term Loan
Eligibility : Rs.21,500/- per 10gm. of pure gold ornaments
Repayment : 48/60 months

Rate of Interest

Women   : 10.75 

Others    : 11%

Documents required
  1. Duly filled Loan form
  2. Valuation report of gold ornaments from Bank’s approved Gold Valuer
  3. 2 Photos of Borrower
  4. Income tax return if businessman / current payslip if salary earner
  5. Ration card
  6. Aadhar card
  7. Nominal membership for Loan upto Rs 1 lakh & Regular membership for Loan above Rs 1 lakh 
Charges
  1. Gold Valuation Charges – For first 5 gms Rs.100/-, thereafter Rs.5/- per gm
  2. Processing Charges 1%
  3. Franking – Upto Rs. 5 Lakhs – 0.10% Above Rs. 5 Lakhs – 0.20%
  4. Nominal membership / Regular membership fees
Positive Points
  1. Quick disbursement
  2. No Pre-payment charges
  3. Fixed rate of Interest
  4. Daily reducing balance
  5. Repayment in addition to fixed instalment can be made without any charges