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) only for a period of years/months (maximum 24 months) from your Bank against pledge of my/our following gold/biscuits. I/We hereby deliver to the Bank as security for the loan to be granted to me/us. Sl. # Description Gross weight in grams TOTAL PERSONAL INFORMATION: Name: Profession: Date of Birth: Day Month Marital Status: Single Married Mobile No Ph. No:(O) Year Sex: Male I.D.Card No. (R) Female Fax No. Email Add: ADDRESS: a) Office Address:.

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Gold loan interest rates Bank / NBFCGold Loan Interest RateProcessing FeeHDFC Bank7.20% to 11.35%1% of disbursal amountKotak Mahindra Bank8.00% to 17.00%Upto 2% + GSTUnion Bank8.40% to 9.65%Central Bank of India8.45% to 8.55%0.50% of loan amount6 more rows • Mar 9, 2023

One of the best benefits of a gold loan is the security of the physical gold pledged by the borrower. The lender keeps the gold in secured vaults and protects it further with an insurance policy against theft. The lender returns the gold to the borrower once they repay the loan completely.

The loan amount you receive will be considered only against the actual gold in the asset. Since you will be pledging your precious gold as collateral, make sure the lender is reliable. Avoid getting a loan from jewelers or small shops, as they could be unregulated and may command unfavourable terms and conditions.

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 HDFC Bank's attractive gold loans. Get a loan in 45 minutes over the counter with minimal documentation and transparent charges.

The lender will feel secure as he has the gold as security in case if the borrower does not pay back. However, the value of your gold is higher than the loan value and you don't have any guarantee that you will get the gold back.

ing to the RBI's guidelines, banks can give a maximum of 90% of the value of gold as loan, implying a minimum 10% as haircut. Generally, the actual loan to value ratio varies from 55% to 65%, which means around a 35% to 45% margin for the banks, making it the safest loan for banks.

For a Gold Loan, the bank takes your gold as collateral for the period of the loan. Banks charge an interest rate, and once you repay the entire loan, the bank returns your jewellery. Another essential thing you need to know about how Gold Loan works is the type of gold accepted. Most banks accept only gold jewellery.

When a borrower fails to repay a loan in full within the stipulated period, the lender can sell the gold through a public auction at the borrower's risk and expense. However, the lending institution must notify the borrower about this two weeks before auctioning off the pledged gold.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232