Unlock the Value of Your Gold
with a Harco Bank Gold Loan

Get quick access to funds for any need, with simple processes and transparent terms.

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Sr.No.	Condition	Requirements
1.	Maximum Limit	Rs. 25 lakh or 75% of the current market value of the pledged gold, whichever is lower. Minimum Loan Amount: Rs 20,000.
2.	Eligibility	Existing or new customers (after successful KYC). Individuals aged 21 years up to 70 years. CIBIL Score: 650+. Must be the rightful owner of the pledged gold ornaments/jewellery.
3.	Purpose	For any legitimate purpose.
4.	Repayment	Must be repaid within one year. Repayment can be in a lump sum or in three installments before the due date. If repaid within 15 days, a minimum of 15 days' interest is charged.
5.	Security	Loans are sanctioned against gold ornaments/jewellery with a purity of 18-22 carats.
6.	Rate of Interest	Kindly check with the branch.
7.	Processing Charges	0.60% of the loan amount (no upper cap). Rs. 1,000/- per loan case + applicable taxes. NIL pre-closure or hidden charges.

Loans under this scheme can be availed for any legitimate purpose, including:

Loans are sanctioned against gold ornaments/jewellery with a purity of **18-22 carats**.

Calculated based on the average gold rate for the past week as fixed by the bank.
Impurities like wax, thread, and stones are deducted by the appraiser.
Hallmarked jewellery is valued at full purity without additional deductions.
Valuation is conducted by a bank-approved appraiser in the presence of the Branch Manager, Cashier, and the borrower.

*The detailed procedure to determine the value is available in Annexure A of the detailed scheme.*

Loan application form.
**Two KYC documents** (One ID Proof & One Residential Proof) like PAN, AADHAAR, VOTER ID, PASSPORT, DRIVING LICENCE, or RENT/LEASE AGREEMENT.
Demand promissory note.
Proof of income (if applicable).
Legal heir certificate (if applicable).
CIBIL Report will be generated by the bank and checked against the willful defaulter list.