Jana Small Finance Bank Gold Loan
Jana Small Finance Bank is a type of a small finance bank with the primary functions being accepting and lending of money. Being a small bank gold loans become a major source of income. Gold loans are the type of loans which are given against gold for easy cash.
There are some conditions that the applicant should fulfill to get a Jana Small Finance Bank. These are written below
- First of all age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
- Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
- After that applicant should have gold in the form of jewelry. But the purity of the gold must lie between be 18 karats to 22 karats.
- Starting amount of that can be provided to the customers is Rs.18,000 here and it can be extended up to Rs.50,000.
- Time for the disbursal of the loan is very less here. Therefore you will be able to get the amount of loan in your account within a few minutes.
- Jana Small Finance Bank provides very tight security to the gold assets provided by the customers. So customer’s gold is kept under three-layer security. So there is no risk.
- Most noteworthy is that there are no charges for the for closure.
- Jana Small Finance Bank provides the facility of prepayment also, there are no penalty charges for this.
- The customer can return the loan amount from 1 day to 36 months.
- 1% of the loan amount is charged as the processing fees.• Most importantly there are no prepayment or part payment charges.
- Besides, that service tax and other governmental tax charges will be applied.
- With us you can repay loans with quarterly, half yearly and even yearly bullet loans.
Interest rate of Jana Small Finance Bank Gold Loan starts from 10.70%. More the interest rate more will be the EMI. The scheme which will be Repayment of loans can be made is with quarterly, half-yearly and even yearly bullet loans. Along with this there are no hidden charges involved with us.
The process of documentation is very easy and simple.
- Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
- 3 passport size photos
- A passport acts as an ID proof because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately.
- Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
- Driving license can also be a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer.
- Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
- PAN card is the permanent account number and it prevents from the financial frauds. So it can be an identity/residence proof. Pan card is very essential document under KYC (know your customer) formality.
- Ration card also can be a residence proof because it provides enough information about the applicant.
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Here, we are to provide you with the loans and here we are to offer loans and tell you why Magicloans.in is better than other websites.
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