Make best use of your idle GOLD
Turn your ornaments into immediate liquidity.
Our Swarna Gowri Gold Loan is designed to be your best companion in your financial journey, allowing you to make the best use of your idle Gold and Silver Jewellery, Ornaments & Coins. Avail quick credit against the pledge of Gold or Silver jewellery, ornaments, and coins with minimal documentation. Whether for personal needs or business expansion, we ensure your gold stays secure while providing you the capital you deserve.
- Maximum upto Rs. 25 Lakh for Term Loan or Overdraft facility
- Maximum upto Rs. 2.25 Lakh for Bullet repayment Loan
- Maximum credit exposure limit per borrower will be Rs. 30.00 Lakh (i.e. Term Loan + Overdraft facility)
- Bullet Repayment Loan – Entire loan with Interest to be repaid at the end of 12 months from the date of sanction.
- Term Loan – Repayable in 36 Monthly Installments Plus Interest or EMI.
- Overdraft facility – Facility is valid upto 12 Months from the date of sanction.
- Individuals / Proprietors (must be true lawful owners of Ornaments, Jewellery & Coins to be pledged with the Bank).
Eligible Loan Amount:
- LTV % of the Market Value of the Net Weight (Gold & Silver Jewellery / Ornaments / Coins)
Net Weight Methodology:
| SR. NO. |
GOLD / SILVER | DESCRIPTION OF ARTICLES | NO. OF ARTICLES |
GROSS WEIGHT (A) | NET WEIGHT (B) | CARAT | RATE / 10 GMS (C) |
VALUE (B x C) |
||
|---|---|---|---|---|---|---|---|---|---|---|
| GR | MG | GR | MG | |||||||
| 1 | GOLD |
Gold / Silver Jewellery, Ornaments, Coins |
X | X | X | X | X | X | X | X |
| 2 | GOLD | X | X | X | X | X | X | X | X | |
| 3 | SILVER | X | X | X | X | X | X | X | X | |
| TOTAL | XX | XX | XX | XX | XX | XXX | ||||
| APPLICABLE LTV | X% | |||||||||
| ELIGIBLE LOAN AMOUNT | XXX | |||||||||
- LTV % is determined based on Specific Product Scheme and Purpose of Loan as applicable from time to time
- Market Value of the Gold / Silver is determined by the Bank and Purity of Gold / Silver articles are determined by the Bank’s approved Gold / Silver Appraiser / Assayer / Valuer.
- One latest passport size photograph.
- PAN Card or Form 60.
- Any one of - Aadhaar Card, Voter’s ID, Driving License, Passport, Job Card issued under MGNREGA or the new Viksit Bharat-G RAM G Act, Letter issued by the National Population Registrar.