In today’s continuously changing world, where individuals’ desires and needs increase, the number of urgent or emergency situations also increases due to the rise of risks. To face that kind of situation, individuals need support to handle the burden on themselves. For that, there are many banks, NBFCs, and other financial institutions available for financial assistance needed by individuals.
But individuals sometimes prefer to sell their precious assets rather than take help from financial institutions due to their unreasonably high interest rates, complex procedure for application, long process for approval, many documents required for loans, and need to be eligible for assistance, which is also complex.
CC Bank Gold Loan is a solution to all these problems individuals face when seeking financial assistance. With CC Bank Gold Loan, there is minimum documentation required, which leads to less time taken for approval, and the application procedure is simple, as it is easy enough that any individual is able to apply, and also their interest rate depends on the amount of the loan. Most importantly, through getting support from CC Bank Gold Loan, individuals do not need to sell their precious valuable assets.
Important Feature of CC Bank Gold Loan
| Feature | Detail |
| Loan Amount | Depending on gold weight and purity |
| Duration of Repayment | 3 Months to 36 Months |
| Interest Rate | Starts from 7.25% P.A. |
| Loan Disbursement Time | Within 1-2 hours after approval |
| Repayment Options | EMI, Bullet Repayment, Overdraft Facility |
| Processing Fee | 0.25% to 1% of loan amount |
| Gold Accepted | Gold jewellery (usually 18K to 24K) |
| Security | Fully secured against pledged gold |
Eligibility Criteria of CC Bank Gold Loan
✅ Age: 18 Year to 70 Year Old
✅ Gold Ownership: Applicant should have gold jewellery to be pledged
✅ Employment Type: Salary Person, Self Employed Individual, Agriculturist, Homemaker
✅ Gold Purity: 18 karats to 24 karats
✅ Gold Weight: Minimum 10 grams or more prefer
Documents Required For CC Bank Gold Loan
- Identity Proof: Aadhaar Card, PAN Card, Voter ID
- Address Proof: Aadhaar Card, Utility Bills
- Photographs: 2 recent passport-size photo
- Loan Application Form: Duly filled and signed
CC Bank Gold Loan Vs Other Type Loans
| Parameter | CC Bank Gold Loan | Personal Loan | Credit Card Loan |
| Collateral Required | Yes (Gold) | No | No |
| Interest Rate | Low (7.25% onwards) | High (12% onwards) | Very High (24% onwards) |
| Approval Time | 1 to 2 Hours | 1 to 2 Days | Instant |
| Credit Score Requirement | Not Mandatory | Mandatory | Mandatory |
| Loan Tenure | Flexible (up to 36 Months) | Up to 60 Months | Up to 24 Months |
| Loan Amount | Depend on Gold Value | Depend on Income and Credit Score | Credit Limit |
Important Blog: Online Loan Scam Alert – How to Identify & Avoid Fraud
Conclusion
CC Bank Gold Loan is the best option for individuals who have an urgent need of cash but do not want to sell their precious and valuable assets. Also, CC Bank Gold Loan requires minimum documentation for the approval process and is simple for individuals to easily understand the application procedure without any problem, and all these benefits make it a standout option among individuals.
Frequently Asked Questions
What happens if the borrower does not pay or is not able to pay the CC Bank Gold Loan on time?
If the applicant is not able to pay the loan on time, then CC Bank Gold Loan will notify the borrower and also charge some extra fee as late payment charges or some penalty for not repaying the loan on time. But if the applicant does not repay the CC Bank Gold Loan, then CC Bank will notify the borrower for loan repayment after giving sufficient notice, and if the borrower still does not repay the loan, then CC Bank Gold Loan will auction off the pledged gold.
Is it possible to pay off the CC Bank Gold Loan before time without any extra charges?
Yes, it is possible to repay the loan amount before the loan tenure or prepayment without causing any extra charges or penalty, but it is advisable to confirm about prepayment during signing the loan agreement.
