FAQ

Secured Business Loan
+How will you determine my loan eligibility for mortgage loans?
+In how many years can I repay the loan amount?

The typical tenure of these loans ranges from 5 to 12 years. However, it can vary depending on the purpose of the loan and the customer's profile.

+Who can be my co- applicant?

If you are an individual, your spouse, your parents or even your major children can be your co- applicants. The co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property.

Gold Loan
+What is the tenure of Gold Loan provided by Gramin Swablamban Bharat Nidhi Ltd. ?
+What is the loan amount provided?

You can avail Gold Loan for any value from ₹10,000 to ₹15 lakhs instantly and as per your need.

+How long does it take to process Gold Loan?

A Gold Loan is disbursed within 30 minutes. This is, however, subject to the verification of gold and other documents that you submit. Approvals are at sole discretion of the Gramin Swablamban Bharat Nidhi Ltd.

+Are there any benefits on for Agricultural/Priority Sector?

Yes, the Gramin Swablamban Bharat Nidhi Ltd. will give preferred interest rates and priority processing for the Priority Sector.

+Can I get funding against gold coins?

You can get loan on gold coins upto maximum of 50 gms per customer for coins issued by Indian banks only.

+What are the documents that I need to submit?

As you come to take gold loan from us, please bring:
Two passport size photographs
ID proof
Address proof
Proof of land holding in case of agriculture loan of more than ₹1 Lakh

+What happens if I change my address?

During the tenure of loan, if there is any change in address, it should be updated in our records. You could call us on +91623003599 or visit your nearest branch of Gramin Swablamban Bharat Nidhi Ltd.

+What interest will I be charged?

AU Gold Loans come to you at attractive & competitive interest rates based on the prevalent market situation. You will be charged simple interest, which is fixed and is calculated on reducing balance basis.

+Can I make partial payment?

Customers are allowed to make partial payments but security will be released only on closure of loan.

Mortgage Loan
+What is Agriculture Term Loan?
+What is the frequency of repayment of Agriculture Term Loan?

Repayment frequency is decided as per customer convenience or aligned to crop harvesting period. It could be planned for monthly, quarterly or half yearly instalments. Each instalment will comprise of principal and interest component.

+What will be mode of repayment of this loan?

The loan can be repaid by cash, cheque, Funds Transfer or NACH.

+What is tenure of Agriculture Term Loan?

Tenure of Agriculture Term Loan will be scheduled for 60 months only.

+What are the security requirements for this loan?

For a loan of more than 1 lakh, collateral security like agriculture land, non-agriculture land, commercial property, financial security (Fixed Deposit/National Saving Certificate)/gold or gold ornaments etc. assets to be financed can be taken.

+Is there any insurance premium amount funding facility available for the asset financed?

Yes, insurance premium amount funding is available for all financed assets.