Loan Schemes
Gold Loan
The Gold Loan Scheme from Payyannur Service Co-operative Bank offers a fast and convenient way to access funds by pledging your gold ornaments. Whether it’s for household expenses, business needs, or personal requirements, our Gold Loan helps you meet short-term financial goals with ease.
With minimal documentation, instant approval, and low interest rates, our Gold Loan ensures your gold remains completely safe in our custody while providing you with the financial support you need.
Purpose
The Gold Loan can be availed to meet various credit and personal needs, including
Trade and business requirements
Commercial or small enterprise activities
Real estate and property-related expenses
Genuine household or emergency financial needs
Procedure
Visit your nearest branch with your gold ornaments (within the karat range of 18K to 24K) and a completed loan application form.
The bank will conduct a valuation and purity verification of the gold.
Based on the valuation, the loan amount will be sanctioned instantly.
Once approved, funds are disbursed quickly for your use.
Charges and Other Costs
Form and processing fees
Insurance charges
Notice and miscellaneous costs
All charges are transparent and minimal, ensuring you get the best value from your gold.