jewel loan
JEWEL LOAN
Rate: Per gram Rs.2000/- on 24 carrat basis for loans with repayment period of 12 months, Rs.1900/- per gram [24 carrat basis] for loans above 12 months repayment period.
No processing charges for loans up to Rs.2.00 lakh.
Rate of Interest: Linked to Base Rate which is 10.65% at present
Loans up to 12 months : 10.60%
Loans above 12 months and up to 24 months: 11.10% v For Agriculturists, loans sanctioned to short-term crop production up to Rs. 3 lakhs during the current year and repayable with in 12 months, the rate of interest is: 7 %
v
For Jewel Loans other than agriculture (CADL /CAOD) :
Up to Rs.2 lakhs : 11.60%
Above Rs.2 lakhs : 12.60%
Repayment: Demand Loan/Maximum 24 months.
Secured overdraft: Running account facility to be renewed / reviewed every year.
Special Features Secured Over Draft account can be linked to the existing Debit Card of the account holder. Personalized chequebook can be issued as an added benefit
What is Gold Loan
As the name suggests this is the loan given against gold. Many nationalized banks, private banks and other financial companies offer this loan at attractive rates. Many go for this loan for short period to meet the requirement of their children’s education, marriage and other financial problems in the family. And others think that instead of keeping the gold idle at home or locker, loan against gold is the best option. Moreover with the rise in gold rates the demand from companies and banks offering such loans has raised. For instance, Muthoot Finance, one of the leading gold loan companies has seen 24 percent rises in gold loan against 17 percent raise in the market value of gold. Advantages of Gold Loan
Gold loan doesn’t demand any certificate to show your salary or income and even no credit card history is required. Thus even unemployed and non working people can go for gold loan.
Unlike any other
Rate: Per gram Rs.2000/- on 24 carrat basis for loans with repayment period of 12 months, Rs.1900/- per gram [24 carrat basis] for loans above 12 months repayment period.
No processing charges for loans up to Rs.2.00 lakh.
Rate of Interest: Linked to Base Rate which is 10.65% at present
Loans up to 12 months : 10.60%
Loans above 12 months and up to 24 months: 11.10% v For Agriculturists, loans sanctioned to short-term crop production up to Rs. 3 lakhs during the current year and repayable with in 12 months, the rate of interest is: 7 %
v
For Jewel Loans other than agriculture (CADL /CAOD) :
Up to Rs.2 lakhs : 11.60%
Above Rs.2 lakhs : 12.60%
Repayment: Demand Loan/Maximum 24 months.
Secured overdraft: Running account facility to be renewed / reviewed every year.
Special Features Secured Over Draft account can be linked to the existing Debit Card of the account holder. Personalized chequebook can be issued as an added benefit
What is Gold Loan
As the name suggests this is the loan given against gold. Many nationalized banks, private banks and other financial companies offer this loan at attractive rates. Many go for this loan for short period to meet the requirement of their children’s education, marriage and other financial problems in the family. And others think that instead of keeping the gold idle at home or locker, loan against gold is the best option. Moreover with the rise in gold rates the demand from companies and banks offering such loans has raised. For instance, Muthoot Finance, one of the leading gold loan companies has seen 24 percent rises in gold loan against 17 percent raise in the market value of gold. Advantages of Gold Loan
Gold loan doesn’t demand any certificate to show your salary or income and even no credit card history is required. Thus even unemployed and non working people can go for gold loan.
Unlike any other