Loan Against Gold Jewellery from Bandhan Bank

Unleash the potential of your assets to pay off your debts

Bandhan Bank Loan Against Gold Jewellery

This scheme helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This advance can be used to meet any financial needs such as a wedding, overseas travel and higher education as well as to consolidate high-interest debts.

Features of Bandhan Bank Loan Against Gold Jewellery (Gold Loan)

Why this Loan?

  • The Bandhan Bank Loan Against Gold Jewellery is meant for borrowers who want to get funds by pledging gold jewellery to meet their financial needs
  • This loan scheme can also be availed by borrowers as a consolidation loan to pay off their high-interest credit card debts and loans
  • The bank offers secure storage with a free locker facility with this loan scheme to ensure peace of mind for the borrower

Loan Amount

  • There is no maximum limit for this loan, which means that the bank decides the loan amount to be sanctioned to a borrower on a case-to-case basis

Interest

  • The interest rate applicable to this loan ranges anywhere from 10.99% to 18.00%

Repayment


  • This loan repayment can range from 6 months to 3 years

Eligibility

  • Borrowers should be above 18 years of age
  • Borrowers must be the true owners of the gold ornaments/jewellery

Security Needed

  • The bank accepts pledging of gold jewellery to secure this loan

Processing Charges


  • The bank charges up to 1% of the loan amount for processing this loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts:

  • Bandhan Bank Website: www.bandhanbank.com
  • Headquarters: Kolkata, West Bengal
  • Call Centre Toll-Free Number: 1800 258 8181, 033 4409 9090