Interest Rate & Loan Details

• Interest Rate: 8% – 9% p.a. (subject to change)
• Loan Tenure: Up to 12 months
• Processing Fee: Nominal fee (as per bank policy)
• Pre-closure Charges: Nil or as per bank policy

Eligibility Criteria for Central Cooperative Bank Gold Loan

To apply for a Central Cooperative Bank Gold Loan, you must fulfill the following eligibility criteria:

• Age: Minimum 18 years
• Gold Ownership: Must own gold ornaments or coins (excluding embedded gemstones)
• Income Proof: Optional (for larger loan amounts)
• Bank Account: Savings or current account with Central Cooperative Bank (optional)

Documents Required

You will need the following documents to apply for a Central Cooperative Bank Gold Loan:

• Application Form: Duly filled and signed
• Identity Proof (any one):
  • Aadhaar Card / PAN Card / Passport / Voter ID / Driving License
• Address Proof (any one):
  • Bank Statement / Utility Bill / Lease Agreement / Ration Card
• Income Proof: Optional (e.g., latest salary slip, IT returns)

Loan Amount & Security

Loan Amount: Borrow up to 70% of the current market value of your gold. Security: The pledged gold ornaments or coins will serve as collateral for the loan.

Repayment Options

Central Cooperative Bank offers flexible repayment options:

• EMI-Based Repayment: Pay the loan in Equated Monthly Installments (EMI).
• Bullet Payment: Pay interest periodically and repay the principal amount at the end of the loan tenure.

Charges & Fees

• Processing Fee: Nominal fee (may vary based on the loan amount)
• Gold Valuation Fee: Applicable (paid to authorized valuers)
• Prepayment Charges: No penalty for pre-closure in most cases
• Late Payment Penalty: Applicable on delayed EMI payments

Key Considerations Before Applying

Here are some important points to consider before applying for a Central Cooperative Bank Gold Loan:

• Gold Quality: Only gold with a purity level of 18-22 carats is accepted.
• Loan Terms: Carefully review the loan terms and conditions before signing the agreement.
• Gold Security: Understand that your pledged gold may be forfeited in case of non-repayment.

Contact Central Cooperative Bank

For any queries or to apply for a gold loan, contact Central Cooperative Bank:

• 📞 Customer Care: Contact the nearest branch for assistance.
• 🌐 Official Website: https://www.centralcooperativebank.com

Disclaimer:The information provided above is based on publicly available data and is subject to change at the discretion of Central Cooperative Bank. For the most accurate and up-to-date details, please visit the official Central Cooperative Bank website or contact the nearest branch.