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Loan Against Sovereign Gold Bonds

Loan Against Sovereign Gold Bonds

Are you in need of funds urgently? Why pledge your gold which is your family fortune?.ISFL provides loan against pledge of Sovereign Gold Bonds(SGB) held by you in demat form. While you continue to enjoy receiving interest on the SGB’s in your name, you can pledge it for raising funds quickly.


Features
  • Loans available against pledge of Sovereign Gold Bonds in your DP.
  • Loan period upto 36 months
  • Loan up to 60% of the value of the SGB’s pledged
  • Loans from Rupees Five lakhs
  • No restrictions on end use of borrowed funds (except for speculative purposes/ re investment in gold )
  • Interest paid on the bonds shall be directly received by you.
  • Flexible repayment options
  • Interest Charged only on amount utilised
  • Disbursement can be availed in tranches
  • Competitive Interest rate
  • Minimum Documentation

All loans of ISFL are subject to internal policies and guidelines of ISFL framed from time to time. As such For LAS

Eligibility
  • Any resident individual between the age group of 18 to 75 can apply for the loan
  • Minimum CIBIL score of 601
Fees & Charges

The loans of ISFL are attractively and competitively priced. ISFL charges a minimum processing fee upto 1% of the loan amount (plus applicable GST).

Documents Required

    minus    For loans upto Rs.20 lakhs

  • Self attested copy of Pan Card.
  • Self attested copy of Aadhar Card.
  • Self attested copy of Latest bank statements for a period of 3 months .
  • Client Request letter.

    minus    For loans above Rs. 20 lakhs and upto Rs. 50 lakhs.

  • Self attested copy of Pan Card.
  • Self attested copy of Aadhar Card.
  • Self attested copy of Latest bank statements for a period of 6 months .
  • Client Request letter.
  • Self certified networth statement of the client as on the latest date.
  • ITR for the latest Assessment year.

    minus    For loans above Rs.50 lakhs

  • Self attested copy of Pan Card.
  • Self attested copy of Aadhar Card.
  • Self attested copy of Latest bank statements for a period of 12 months .
  • Client Request letter.
  • CA certified networth statement of the client as on the latest date.
  • ITR for the latest 3 Assessment years.