Guideline For Loan GOLD TERM LOAN Upto 35 Lakh – Interest Rate: 9.50% Period U12 Months Security GOLD ORNAMENTS Guideline For Loan GOLD LOAN (BULLET) Upto 4 Lakh – Interest Rate: 9.25% Period U12 Months Security GOLD ORNAMENTS - In case of an urgency of any sort of financial needs, fall back on Alavi Bank’s Gold Loan to get a loan approved of over Rs. 10 Lakh instantly.
- Eligibility:
- Any individual who is the true owner of the ornaments (preferably hallmark)
- Advance can be given to males solely against men ornaments without female applicant
- When advance is given only to male applicant against women ornaments, female consent is required to be obtained or she should be made a coborrower.
- Guarantor Details:
- Photograph-2 copies
- Last tax bill
- Last income tax return copy /Pay Slip
- Address proof – electric bill /telephone bill (any one)
- Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one)
- Conditions:
- Any one of proof for all partners/ directors or proprietor (Photo Id) :
- Approved courses leading to graduate/post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc.
- Courses like ICWA, CA, CFA etc.
- Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
- The above list is indicative in nature. Bank may approve other job oriented courses leading to technical / professional degrees, post graduate degrees / diplomas offered by recognized institutions under this scheme.
- Moratorium Period Equilant to Duration of Cource is allowed.
- Required 100% Collateral Tangible Security
- Applicant has to take share of bank @ 1%/ 2%/ 2.5% of the limit.
