What you get
- Access to Loan: Up to ₹1,00,000/-.- Interest Rate: 12% (subject to change).
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of this scheme?
The scheme allows eligible individuals to obtain loans by pledging their gold/jewelry. The maximum loan amount is [?]1,00,000/- with an interest rate of 12%, subject to changes as per bank policies.
What is the maximum loan amount available?
The maximum loan amount under this scheme is [?]1,00,000/-.
What is the interest rate on the loan?
The interest rate for the loan is 12%, but it is subject to change depending on the bank's policies.
Who is eligible for the Jewel Loan?
Any citizen with valid gold/jewelry for pledge is eligible to apply for the loan.
Is there a specific income requirement for eligibility?
No, there is no specific income requirement to apply for this loan.
What documents are required to apply for the loan?
Applicants are required to provide proof of identity, proof of address, and a valuation certificate for the pledged jewelry.
Where can one apply for the Jewel Loan?
The loan can be applied for at any District Central Cooperative Bank or its branches.
Is there a minimum loan amount that can be borrowed?
No specific minimum loan amount is mentioned under this scheme.
Is the interest rate fixed or can it change?
The interest rate is subject to change based on the bank's policies and market conditions.
Is there any processing fee involved for this loan?
The processing fee, if any, will depend on the policies of the specific bank branch where the loan is applied.