Members of the Bank can avail Gold Loan. Gold should only in the form of ornaments. Other forms of gold like Gold Bars, gold biscuits, gold coins shall not be accepted by the Bank.
Based on the requirement of the customer, Loan tenure are categorised as follows:
Loan Type
Tenure
Rate of Interest
Jewellery Loan
12 Months
9.00%
Jewellery Loan EMI
For amounts exceeding
Rs. 2 Lakhs
12 Months
9.00%
Gold Loan eligibility will be determined @ Rs 6,200/- per gram. Rate per gram will be changing based on market value which will be periodically reviewed by the loan committees.
Amount of loan depends on the quantity and quality of gold subject to a maximum total limit of Rs.5.00 lakhs per day per individual.
Two photographs & KYC documents are required if the Applicant is not a savings bank account holder of the Bank.
The Jampeta Co-Operative Urban Bank Limited No. 46/B Rajamahendravaram
Interest Rates on Loans w.e.f. 03-06-2024
