Attractive Features of Cosmos Gold Loan
Interest Rate
Interest Calculation on daily reducing balance / ROI as per bank’s policy changed from time to time.
ROI On Gold Loan
Fixed - 8.50%* p.a
Floating - 9.50%* p.a
Floating - 9.50%* p.a
Loan Amount
70% of gold valuation
Cosmos Gold Loan
The golden chance in your time of need.
Are you in need of quick cash? Bring your gold and fulfill your needs easily, for any domestic use / Business Purpose.
Gold is not for adornment in India. For ages it has been a very good means to invest for the future. For those who want to benefit from their gold investment, Cosmos Bank brings the Cosmos Gold Loan.
Loan Highlights
- Loan Limit
70% of the Gold Valuation
- Time of Disbursement
1 Day
- Prepayment Charges
Nil
- Repayment Period
Max upto 12 months only
Term loan Review within 12 months for Overdraft
- Rate of Interest
ROI % p.a. - Fixed (Existing) -
8.50%* p.a.
ROI % p.a. - Floating (New) -
9.50%* p.a.
Loan Charges
- Nil
Foreclosure Charges
- Nil
Eligibility
- The applicant must be the true owner of all the gold due to be pledged to the Bank
- The applicant must be a local resident and should have a Savings Account with the Bank
- In case the Savings Account does not exist, it should be opened and all the KYC (Know Your Customer) norms must be followed in order to acquire the loan
Overdraft or Term Loan
- Up to Rs. 1 lacs for Overdraft and above Rs. 1 lacs for Term Loan ( Subject to Capacity of applicant)
Documents Required
- KYC Documents
- ITR of applicant for 3 yrs
- Income proof documents.
Get In Touch
Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Cosmos Bank
Ideal for people
- Domestic Purpose
- Business Purpose
Good to Know
- Security: Gold or Gold Ornaments have to be provided (PDC (Post-Dated Cheque) is mandatory)
- Forms: Available on Online Form Centre.
- Guarantors: No Guarantors required.
*Terms and Conditions Apply