Interest Rate & Loan Details

• Interest Rate: Starts from 9.80% per annum.
• Loan Amount:
  • Minimum: Rs. 10,000
  • Maximum: Rs. 2 crore
• Loan Tenure: Up to 12 months
• Processing Fee: Details available upon application.
• Pre-closure Charges: No prepayment penalty.
• Loan-to-Value (LTV) Ratio: As per the LTV fixed by the bank from time to time.

Purpose of Gold Loan

• Personal expenses
• Business needs
• Agricultural investments
• Medical emergencies
• Educational expenses

Eligibility Criteria

• Ownership: Individuals who own gold jewelry (minimum 22 carats) and gold ingots sold by banks (up to 50 grams).
• KYC Compliance: Valid KYC documents required.

Documents Required

• Application Form: Duly filled and signed.
• Photographs: Two recent passport-size photos.
• Identity Proof (Any one):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
  • Driving License
• Address Proof (Any one):
  • Aadhaar Card
  • Utility Bills
  • Ration Card
  • Lease Agreement

Repayment Options

• Bullet Repayment: Principal and interest payable on or before maturity.
• Overdraft Facility (Swarnamitra): Flexible withdrawals and repayments within the sanctioned limit.

Charges & Fees

• Processing Fee: Details available upon application.
• Gold Appraiser Charges: Borne by the applicant.

Key Considerations Before Applying

• Gold Quality: Loans are based on the purity and net weight of the gold. Loans are not granted against the security of primary gold (i.e., 24 carats gold bars and biscuits).
• Loan Terms: Review the loan agreement carefully before signing.
• Gold Security: Non-repayment may lead to forfeiture of the pledged gold.

Benefits of Karur Vysya Bank Gold Loan

• Quick Loan Approval: Instant processing and disbursal, often on the same day of application.
• Attractive Interest Rates: Competitive rates starting from 9.80% per annum.
• High Loan Value: Loan up to 75% of the gold’s market value.
• Flexible Repayment: Options for bullet repayment or overdraft facility.
• No Guarantor Required: The pledged gold itself serves as collateral.

Contact Karur Vysya Bank

• Customer Care: 1860 258 1916
• Email: customersupport@kvbmail.com
• Official Website: Karur Vysya Bank

Disclaimer: The above information is subject to change. For the latest updates, please refer to the official Karur Vysya Bank website or contact your nearest branch.