Dhanlaxmi Bank

Gold Loan

Realise the full potential of your gold ornaments without liquidating it with our instant gold loan. You can benefit with the flexi-payment options, attractive interest rates and the assurance of utmost safety for your valuables.

Features

Eligibility

Documentation

Fees & Charges

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Avail gold loan in minutes
Easy documentation
Flexible tenure and repayment options
Attractive interest rates starting 13.5%p.a (floating)*
LTV upto 85%** of the value of gold ornaments

*Interest rates linked to base rate. (base rate + 3.25%)
**Terms & conditions apply

Individuals, proprietorships, and partnership firms can avail the loan against gold ornaments owned by the individual, proprietor or any partner of the firm

Pre-Sanction Documentation

Proof of identity (passport copy/voters id/driving license/pan card)
Address proof ( electricity bill/landline telephone bill/passport copy/shop & establishment certificate/rental agreement/ration card)
2 passport size photograph

Post Sanction Documentation

Pledge form
Demand promissory note

Description of charges	Gold loan
Processing charges (non refundable)	1% of the loan amount+service tax
Valuation fees	As per actuals
Legal & incidental charges	As per actuals.
Overdue charges	2% p.a over and above applicable interest rate
Foreclosure charges	nil

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Loan Against Securities

Loan against securities helps you leverage your equity investments without selling them in order to address your need for funds conveniently and easily.

Approved Securities

Equity shares*- demat shares up to 50% of the value
Approved list of shares

Mutual fund units* - mutual funds up to 50% of NAV (Net Asset Value). Mutual fund schemes
Approved list of mutual funds

Features

Eligibility

Documentation

Fees & Charges

Apply

No EMIs
No post dated cheques
No pre-payment charges
Interest charged only on utilized amount
Exhaustive number of approved securities
Upto 80% loan
Simple and speedy processing

You must be a resident of India ( loans cannot be given to minors,trusts)
You can pledge securities from the bank's approved list only. Refer approved securities for more details
Securities should be in the name of eligible borrowers (securities in the name of minors, trusts, partly paid up or shares in the name of individuals in companies of which they are directors/ promoters, ELSS schemes cannot be accepted)

Pre-Saction Documents

Proof of photo identity -all holders/ directors
Proof of residence -all holders/ directors
Proof of signature -all holders/ directors
Proof of age - all holders/ directors

Additional Documents for Corporate Customer

SEBI registration certificate (if broker)
10 settlements volumes(if broker)
Copy of financial statement for last 2 years (P&L & balance sheet)
Copy of IT Acknowledgement for the last 2 years
Board resolution in banks format
Copies of MOA & AOA (for main applicant and guarantor )
Letter providing breakup of the business
Copy of company PAN card
Registration certificate of company
Details of authorized signatories on company letterhead (name , signature and photograph of director )

Post -Sanction Documents

Signature verification
End use declaration
Linkage / other LAS facility declaration
Loan against securities agreement

Description of Charges	Details
Processing charges (non refundable)	0.3% of the loan amount with minimum of Rs. 1250/-
Sale of security in the event of default	All brokerages, transaction charges and other levies as per actuals
Legal & incidental charges	As per actuals
Stamp duty & other statutory charges	As per the rates applicable at the place of execution of loan agreement
Pre payment charges	Nil
Duplicate no due certificate / NOC	Nil
No due certificate / No objection certificate (NOC)	Nil
Solvency certificate	Not applicable
Charges for changing from fixed to floating rate of interest	Not applicable
Charges for changing from floating to fixed rate of interest	Not applicable
Charges on drawings in excess of limits (due to application of interest or revaluation of portfolio under pledge)	Penal interest 24% p.a. plus tax on the amount drawn in excess of the limit. This will be calculated on a daily product basis.
Annual maintenance charge (AMC)	Rs. 500/-
Charges for realization of proceeds on maturity in respect of fixed maturity plans (FMPs)	Rs. 500/- per instruction
TRF processing charges	Rs.10/- per TRF
Charges in case limit drops to zero	Rs.500/- per month

Important note : Monthly interest charge has to be paid fully by way of credit to the LAS account in the immediately following month, failing which the accounts are liable to be classified as NPA . In such cases, bank will exercise its right to sell/ redeem the securities in the market after providing reasonable notice to clients

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Gold Loan

Loan Against Securities