Here I am providing complete information related to Gold Loan Scheme of TJSB Bank for your reference:

TJSB BANK GOLD LOAN SCHEME:

Loan Limit:
Maximum Upto Rs. 25.00 Lacs.

Repayment
For Gold loan upto Rs.2.00 lacs:
Maximum repayment period 12 months.
Interest to be serviced on monthly basis.
Bullet repayment at the end of 12 months can be considered.

For Gold loan above Rs.2.00 lacs
Maximum repayment period 12 months.
EMI to be stipulated for repayment of loan amount making maximum repayment period of 12 months from the date of disbursement.

Subject to following conditions :
Period of loan shall not exceed 12 months from the date of sanction.
Interest will be charged to the account at monthly rests, but will become due for payment along with principal only at the end of 12 months from the date of sanction.

No Pre-payment Penalty.

Eligibility to Apply for Gold Loan:
The applicant must be true owner of the gold ornaments and jewellery to be pledged with the bank.

The applicant should be local resident and customer of our bank.

If the applicant does not have account with us then account to be opened first subject to compliance with KYC norms.

Age :
Min: 21 years.
Max: 60 years at loan maturity.

Documents Required:
Duly filled form with :
Income Proof of Applicant(s) & Guarantor(s)
Residential Proof of Applicant(s) & Guarantor(s)
PAN Card of Applicant(s) & Guarantor(s)
KYC of Applicant(s) & Guarantor(s)

Pledge of Gold ornaments and jewellery is Prime Security.
No Guarantors.
Other Charges : Testing Charges, Franking Charges.

Share Membership:
Regular membership in case of loan above Rs.1.00 lacs.

Helpline:
1800 223 466