Beruflich Dokumente
Kultur Dokumente
INTRODUCTION
ADVANTAGES
Minimum documentation
Low interest rates
Valuation charge
Late payment penalty
Pre-payment penalty
Go for gold loan only if you are confident Compare the benefits provided Best option for short term requirements
DOCUMENTS REQUIRED
Identity proof
Address proof
Signature proof
Disbursement
Documentatio n
Sanction
Calling Valuator
RBI has come up with a norm for NBFCs that does not allow them to offer a loan above 60% of the value of gold.
Hassle-free quick processing of loans Simplified paperwork Easy payment options Attractive interest rate & LTV. Loan amount ranging from Rs. 10,000 to Rs.15,00,000
CONTD
CONTD.
CONTD
Interest Rate Base Rate 9.70 % w.e.f. 04.02.2013 Size of Credit Limit Upto Rs. 1,00,000/Above Rs. 1,00,000/-
Rate of Interest 4.25% above Base Rate Floating, currently 13.95% p.a. 4.75% above Base Rate Floating, currently 14.45% p.a.
CONTD
1% of the loan amount inclusive Loans above of service tax or Rs.1000/- per Rs.25000/- application whichever is higher
CONTD
Step 1: Submission of application form with gold assets Step 2: Analysis and LTV Step 3: Sanctioned Step 4: Disbursement
CONTD
0 90 days
GL-B2
Rebate @ 1% p.a. shall be provided if account settled / 91 180 days 23% p.a. (Rebate 1% p.a.) paid interest after 3 months and before 12 months 181 365 days 24% p.a. (Rebate 1% p.a.) 0 90 days 20% p.a. 91 180 days 22% p.a. 181 365 days 0 30 days 31 60 days 61 365 days 0 30 days 31 60 days 61 365 days 24% p.a. 16% p.a. 20% p.a. 24% p.a. 13% p.a. 16% p.a. 24% p.a.
GL-A2
GL-D2
GL-D1
COMPARISION
Basis SBI Bank loans <= Rs.25000 Rs. 500/application, >Rs25000 then 1% 1% of sanction limit 0% 0% loan amount inclusive Processin service tax or Rs.1000 g Fess whichever is high Mini Rs.5000(rural Loan /semi urban), Rs. Rs.10000 to amount 10000(urban /metros) Rs.1500 to 1 Rs.1000 to Rs.1 1500000 Range to 10 lacs Crore Crore
LTV 70 to 75% 70% 60% 60%
ICICI Bank
THANK YOU..!!!