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#1
June 8th, 2016, 10:21 AM
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 yes bank gold loan   |
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#2
May 29th, 2017, 03:50 PM
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| Re: yes bank gold loan
Hi I am interested in having the information about the Gold Loan which is offered by Yes Bank as well as the details of the documents and the eligibility for availing the loan?
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#3
May 29th, 2017, 03:50 PM
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| Re: yes bank gold loan
Yes Bank offers Gold Loan to clients who can benefit reserves against the gold gems or coins held by them at alluring rates. The bank guarantees the advance procedure to be advantageous and bother free for the clients to profit the advance effectively and rapidly. Yes Bank's Loan against Gold The advance is offered against gold gems and trimmings and has the accompanying elements and advantages: The base measure of advance gave is Rs.25, 000 and one can profit advances of higher sums for a most extreme of Rs.50 lakhs. The reimbursement alternatives to the client are adaptable and he or she may pick any method of reimbursement suiting his or her needs. The advance authorize and disbursal process is quick and straightforward. The reports required are basic in nature and in the wake of presenting the fundamental records, the advance is issued in a split second Advances are likewise accessible for short-tern needs of people where the residency is for a brief timeframe Advance is accessible against the security of gold extending from 18 Karats to 24 Karats and not lower than that The rate of advance offered per gram of gold swore is higher than that offered by different banks under a similar plan The gold stored with the bank is kept with most extreme security with no dread of burglary or harm. The bank's reference cost for Loan against Gold is Rs.2570 per gram The bank does not offer the full estimation of gold as advance. There is an edge necessity of 30% of the estimation of the gold which is held by the bank and the rest 70% is offered as credit The most extreme rate of loaning against the security of 24 Karat Gold is Rs.1799 per gram Loan fees are aggressive and couple with that charged by different banks so clients may lean toward Yes Bank instead of different banks No underwriter/security arerequired. An underwriter is somebody who assurances to pay the advance himself/herself if the candidate neglects to reimburse the credit himself. Under the Gold Loan plot, the bank does not request any underwriter who ought to attempt to ensure the advance reimbursement. Insurance is a benefit against which advance is issued and if there should be an occurrence of inability to reimburse the credit, the bank has the ability to have the advantage and auction it to meet the exceptional advance sum. Be that as it may, Yes Bank, under its Gold Loan Scheme goes simple on the client and does not request any guarantee for issuing the advance and the advance is given bother free. Qualification An individual applying for the credit ought to meet the accompanying qualification criteria as set around the bank. The advance is issued to people who are Resident Indians The age of the individual ought to be between 18 years to a greatest of 65 years The virtue of the gold against which advance is accessible is 18 Karat to 24 Karat Documentation The accompanying reports are required to be submitted at the season of benefiting of a Gold Loan from Yes Bank: For Individual Customers 2 Passport sixed Photographs Proof of Identity Proof of Address Proof of Signature For Sole-Proprietorship Firms 2 Passport sixed Photographs Proof of Identity Proof of Address Proof of Signature Proof of Business For Partnership Firms 2 Passport sixed Photographs Proof of Identity Proof of Address Proof of Signature Proof of Business Partnership Deed Fees and Charges The bank levies the following fees and charges on the loan offered against Gold Description Charges Loan Processing Fees 0.50% Valuation Fee NIL Gold Deposit Charges NIL Charges for late payment of loan amount Rate of Interest +2% per annum for overdue days Stamp Duty & other Statutory Charges At Actuals Credit Assessment Charges NIL Non-standard Repayment Charges NIL Loan Foreclosure Charges No charges if the loan is foreclosed 3 months after the disbursement of the loan else 0.5% Cheque Swapping Charges NIL Loan cancellation / re-booking charges NIL Renewal Processing Fees NIL Late Renewal Processing Fees NIL Prepayment/Part payment charges NIL |
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