Pallavan Grama Bank Gold Loan features – Apply Now
| Pallavan Grama Bank Gold Loan Interest Rate | 7.25% per annum |
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Pallavan Grama Bank Gold Loan Rate Per Gram
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Rate Per Gram is ₹ 3,800 to ₹ 4,350 |
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Pallavan Grama Bank Processing Fee
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0.75% of the Principal Loan Amount
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| Pallavan Grama Bank Maximum Loan Amount |
Up to Rs. 50 lakh
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| Pallavan Grama Bank Minimum Loan Amount |
75% LTV
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Pallavan Grama Bank Gold Prepayment Charges
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2%+GST (Within 3 Months), 0 (After 3 months)
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Pallavan Grama Bank Gold Repayment Tenure
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Up to 36 Months
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Pallavan Grama Bank Gold Repayment Scheme
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Bullet Payment Scheme, Overdraft Scheme
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GOLD LOAN @ 0.75%*
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About Pallavan Grama Bank Gold Loan
Pallavan Grama Bank is a regional rural bank in the state of Tamil Nadu. The bank was established in the year 2006 after the merger of two grama banks namely, Adhiyaman Grama Bank and Vallalar Grama Bank. The bank has a wide network of 289 branches that serve 15 districts of Tamil Nadu. A lot of financial services are available by this bank like Gold Loan, Personal Loan, Home Loan and many more.
What is Gold Loan?
Gold Loan is a service that is availed by people in times of need. To begin, the applicant just has to put gold ornaments in the bank in return for the loan amount. As soon as the applicant repays the loan amount, the ornaments are returned to the customer. Finally, Gold Loan Interest Rate is quite affordable in comparison to other services.
GOLD LOAN @ 0.75%*
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Advantages of Pallavan Grama Bank Gold Loan
- Safety of Ornaments: Of course the security of your Gold Jewellery is more in banks due to the proper security systems, unlike our homes.
- Fast Process: This is a type of secured loan therefore, you can get your gold loan processed as quick as 30 minutes
- Overdraft Facility: The applicant has the option of an overdraft facility that allows the applicant to enjoy anytime cash flow as per the needs.
- Low-Interest Rates: Another feature is the rate of interest is very less in comparison to other services provided by the banks and NBFC’s
- No Processing Charges: Surprisingly, the bank does not charge any extra cost for applying for a gold loan.
- Less Documentation: The formalities that are to be completed are very less due to the type of service this is.
- Flexible Period: Last but not least, the applicant can choose the tenure depending upon the need.
- Foreclosure Charges: The Pallavan Grama Bank charges up to 0.50% of the principal amount as foreclosure charges.
GOLD LOAN @ 0.75%*
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Interest Rate of Pallavan Grama Bank Gold Loan
- First of all, The interest rate of this service starts at 7.25% per annum.
- Secondly, The financial organizations provide these loans for 1 to 4 years.
- Thirdly, The pre-closure charges are between 0% to 2% of the value of the loans.
Eligibility for Pallavan Grama Bank Gold Loan
The applicant can avail of a loan as long as the eligibility criteria are fulfilled:
- Firstly, The applicant should lie in the age group 18-70 years
- Most importantly, you should be a citizen of India
- No employment status is considered, therefore, both salaried and self-employed can apply
- The weight and quality of gold are equally important as a result the gold should weigh at least 10 grams and purity should lie between 18 carats to 22 carats
- Maximum funding that can be availed is up to 1Crore
GOLD LOAN @ 0.75%*
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Pallava Grama Bank Gold Loan At Home
With the changing needs of the times, Pallava Grama Bank has come across a simple yet valuable solution that will make everything easy for you. Just like your necessary commodities such as groceries, clothes and much more, everything is provided at your doorstep, in the same way, now, you can quickly get a gold loan at the comfort of your home.
If you are in urgent need of funds or too busy to visit a bank or prefer social distancing, Pallava Grama Gold Loan At home is a one-step solution. The process is straightforward. You need to give us a call to put in your request for a gold loan. Our executive from the nearest branch will visit your home at the earliest. Everything will be done at your home in your presence, from the evaluation of the loan documentation to the transfer of the loan amount. Furthermore, there are many benefits of Pallava Grama Bank Gold Loan at Home:
- Fast loan approval
- Lower interest rates
- Maximum value of gold
- Flexible repay tenures
- Easy payment options
- No additional charges
- 24*7 customer support
- Full security of the gold
- No hidden fees
- Service at your doorstep within 30 minutes
Documents Required for Pallavan Grama Bank Gold Loan
The documents should be particularly from the following options
Applicant Identity Verification Documents can be amongst the below documents (ANY):
- Passport: Valid Copy of passport both front and last page
- Voters ID card: Copy of Valid Voter Identity Card
- Driving License: Copy of Driving license which is valid.
- Adhar card: Copy of Adhar Card with current information
GOLD LOAN @ 0.75%*
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Applicant Address Verification Proof can be amongst the below documents(ANY):
- Passport: Valid Copy of passport both front and last page
- Voters ID card: Copy of Valid Voter Identity Card
- Driving License: Copy of Driving license which is valid.
- Adhar card: Copy of Adhar Card with current information
- Utility Bills on the name of the applicant.
- Sales Tax Certificate
- Rental Agreement
GOLD LOAN @ 0.75%*
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Signature Verification Documents for Pallavan Grama Bank Gold Loan required are namely:
- Valid Copy Passport
- Bank’s Verification Certificate
- Cheque
How to Apply for Pallavan Grama Bank Gold Loan?
- First of all, a lot of services are available through lending institutions thus people tend to get confused while choosing the best deal for themselves.
- In order to clear this confusion, our company provides the customer total assistance during the entire process of the loan and guide them to The Best Loan Deals according to their needs.
- Moreover, the customer is guided without any partiality towards a certain product. Which further gives them a clear picture of the loan to be availed.
- Easily Apply for a Gold Loan through Dialabank.com or Call on 95920-46860.
GOLD LOAN @ 0.75%*
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Uses of Pallavan Grama Bank Gold Loan
- To finance personal expenses like vacation expenses etc.
- Pallavan Grama Bank lets you take care of your education.
- Finance business needs like buying inventory, plant, etc.
- Gold against the loan for agricultural purposes.
GOLD LOAN @ 0.75%*
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Pallavan Grama Bank Agricultural Jewel Loan Scheme
| Scheme | Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 7.25% per annum (depends on the sum of the loan |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits of Pallavan Grama Bank Agricultural Jewel Loan Scheme
- No processing fee is applicable up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore
GOLD LOAN @ 0.75%*
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Pallavan Grama Bank gives an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Gold Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit with interest charges only on the amount withdrawn.
FAQs About Pallavan Grama Bank Gold Loan
✅ What is Pallavan Grama Bank Gold Loan?
Pallavan Grama Bank Gold loan is a loan against gold having a minimum purity of 18 Carats. You can get funding of up to 70% LTV for a maximum tenure of 36 months. The bank offers easy repayment methods and charges a low rate of interest on the loan.
✅What is Pallavan Grama Bank Gold Loan Overdraft Scheme
Pallavan Grama Bank gives an Overdraft Scheme. With this, you are provided a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Gold Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit with interest charges only on the amount withdrawn.
✅ What is the foreclosure procedure for Pallavan Grama Bank Gold Loan?
Pallavan Grama Bank asks from a borrower up to 0.50% on the key excellent if there should be an event of a Gold Loan Foreclosure.
✅ What is the Pallavan Grama Bank Gold Loan closure procedure?
The Gold loan will only close after the payment is done in full.
✅ What are Pallavan Grama Bank Gold Loan Preclosure charges?
The Bank Preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)
✅ What is the maximum gold loan tenure?
The maximum gold loan tenure is 36 months for Pallavan Grama Bank.
✅ What is the minimum gold loan tenure?
The minimum Pallavan Grama Bank gold loan tenure is 6 months.
✅What is the customer care number for Pallavan Grama Bank Gold Loan?
All the queries regarding Pallavan Grama Bank are answered at 9878981144.
