J&K Bank’s Loan Against Gold Ornaments & Jewellery: Get instant cash for your business, personal needs or other emergencies. Go for it and get going. Apply for J&K Bank’s Loan Against Gold Ornaments & Jewellery, to avail a secured credit facility up to Rs.15 lacs. For more details, call 1800 890 2122.

• For Business, personal need, Domestic purposes, Medical needs, etc
• Short Term Loan for a maximum period of one year.

J&K Bank Loan Against Gold Ornaments & Jewellery: Eligibility

• Individuals, singly or jointly maintaining account with our Bank.
• Gold Jewellery should be owned by the applicant or any of his family members, i.e. Spouse & Children (who shall be co- borrowers)*
• Loan can also be advanced against the specially minted Gold Coins sold by Banks subject to the condition that the weight of the coin(s) does not exceed 50 grams per customer.

J&K Bank’s Loan Against Gold Ornaments & Jewellery: Loan Amount

• Minimum :   Rs 10,000.
• Maximum :  Rs 1,500,000.
• The loan to Value(LTV) will be 70%.The LTV shall be based on the value of Gold ornaments (on Net weight basis adjusted to 22 Carat purity ) as apprised by the valuer.

J&K Bank’s Loan Against Gold Ornaments & Jewellery: Payment

• 6-12 months in equated monthly instalments or
  a customer can choose to serve monthly interest only and repay the entire Principal outstanding at the end of the loan tenure.

J&K Bank’s Loan Against Gold Ornaments & Jewellery: Rate Of Interest

• 1 Year MCLR+ 2.00% p.a. (Floating) 50bps concession to female borrowers(both for sole and joint borrowers)
• Click here for rate of Interest

J&K Bank’s Loan Against Gold Ornaments & Jewellery: Valuation Charges

• Up to Rs 5.00 lacs : Rs 500.00 plus applicable GST.
• Above Rs 5.00 lacs : Rs 700.00 plus applicable GST.