VVCC Bank| SMSBanking
VVCC Bank| SMSBanking
Gold Loan

Limit :As Per Income And Purpose Criteria
Rate of Interest :12.00%
Re-Payment:Loan up to Rs. 1.00 Lakh up to 12 Months
                   Above Rs. 1.00 Lakh up to 48 Months (EMI)


Terms and Conditions:

  • Mortgage of property required.
  • Charge to be registered with Govt. or Revenue Authorities.
  • KYC Documents with 2 Latest Photographs
  • 3 Yrs. I.T. Returns / Balance Sheet/ Last 3 Months Salary Slip and Statement of Net worth.
  • Last 2 Yrs. Bank Account Statements.
  • 2 Guarantors required with KYC and Statement of Net worth.
  • If required, moratorium period up to 18 months can be allowed at Bank's discretion.
  • Additional Shares (Linking Shares) to be taken @ 01.50% of sanctioned Limit.
  • Linking Share amount will be adjusted / refunded at the time of closer of loan account.
  • Dividend on linking Shares will be transferred in account as and when declared by the Board of Directors.
  • Penal interest @2% extra will be charged in case of irregular A/cs.
  • No Objection Certificate from other bank if any other facility availed. (If required)
  • Principal / Collateral Security must be covered by insurance.

Applicable Approx. Charges for above facilities.

Title Clearance Report 2500.00
Valuation Report of Property(if Required) Max 0.125% of Valuation Amount
Mortgage Charges
Legal Fees & Misc Charges 5500.00
Stamp Duty @ 0.35 % of Loan amount
Mortgage Registration Charge Max. Rs. 6000.00
Stamp charges for Loan Agreement @ 0.25% of Loan amount

VVCC Bank| SMSBanking