Punjab Gramin Bank Gold Loan Documents Required

Features of Punjab Gramin Bank Gold Loan 

Baroda UP Gramin Bank Gold Loan

Some Key features of Punjab Gramin Bank Gold loan are:

1. Basic KYC documents – identity and residence evidence – are required for Punjab Gramin Bank Gold Loans. In the case of a gold loan, banks do not require proof of income.
2. When you require funds, the best option to obtain funds is through a gold loan from a bank. Banks keep your gold safe and can offer a high loan-to-value ratio of up to 75-80% of the gold’s value.
3. Gold loans are classified as secured loans. You can obtain finances through a gold loan in the event of an emergency. Gold loans are handled quickly by banks. Gold loans can be processed in a matter of hours.
4. This loan comes with a number of repayment alternatives. An individual can select the method of repayment that is most convenient for him.
   For gold loans, banks do not require credit scores.
5. Anyone between the ages of 18 and 65 can apply for a gold loan.

Punjab Gramin Bank Gold Loan Comparision with banks

Punjab Gramin Bank Gold Loan EMI calculator

The EMI calculator is a simple tool that allows borrowers to estimate the amount of EMI they would have to pay. This calculator takes your loan amount, interest rate, and payback tenure as inputs and calculates your monthly repayment amount.

What should you do to figure out how much EMI you’ll have to pay if you get a gold loan from Punjab Gramin Bank? Dialabank has created a simple Gold loan EMI calculator to assist you in determining your financial obligations after taking out a Gold loan.

Punjab Gramin Bank Gold Loan Documents Required

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Punjab Gramin Bank Gold Loan Documents Required – FAQs

✅ What is the maximum amount for a loan?

The maximum loan amount varies from one bank to the next. A loan’s maximum amount can be up to 1 crore, depending on the bank’s eligibility standards.

✅ Do we have to give any foreclosure charges for a loan? 

Charges for loan foreclosure range from 0% to 3% of the outstanding amount of your gold loan.

✅ How can I repay the loan?

The loan can be repaid in two ways: online and offline. Payments can be made via check, demand draft, or net banking.