SMSO Jewel Loan

Salient Features of SMSO Jewel Loan
  • Loan can be availed on 18K to 24K Jewels.
  • A sum of Rs. 2200/- can be availed against 1 gram of gold.
  • Weight of stones, etc., fixed on the ornaments will be deducted. Loans can be renewed after 12 months.
  • Faster processing & instant disbursal.
  • Loan can be availed for any amount between Rs. 1,000/- upto a maximum of 15 Lakhs.
  • Gold loan products have a maximum tenure of 1 year.
  • Loans can be availed at any of our branches.
  • Payment of loans can be made at any our branches.
  • Daily remittance available.
  • Do not have any lock-in period pre-payment penalties.
  • Closing of Jewel loan is allowed only at the branch where the loan was availed.
  • No service charge. No appraiser Fees.

Enquire Now

Like to know about any of our Loans or Deposits?
Fill the form, We will get in touch.

Rate of Interest
  • 12% per annum that is Rs. 1 per Rs. 100/- per month.
  • Interest calculated on a diminishing balance basis.
  • Interest for previous month payable on or before 10th of the Succeeding Calendar Month.
  • After 10th of a month, a compound interest @ 1.25% on the accumulated interest will be levied.
Documents required for SMSO Jewel Loan
  • Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
  • Proof of Address –  Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
  • Two Passport size photographs.
  • Rupees One hundred for Membership Enrolment.
  • Rupees One hundred for opening Savings Deposit Account.
Documents required for SMSO Jewel Loan
  • Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
  • Proof of Address –  Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
  • Two Passport size photographs.
  • Rupees One hundred for Membership Enrolment.
  • Rupees One hundred for opening Savings Deposit Account.
Any Member who owns gold ornaments can avail SMSO Jewel Loan
  • Once you submit your Application Form, Demand Promissory Note and supporting documents, we shall give approval within a matter of minutes provided everything is in order. All loan approvals are at the sole discretion of the Branch Head.
  • Our products are well tailored not only to the income group of the customer, but to relevant considerations like how much loan customers would like to avail against jewellery, and their comfort levels with respect to the interest rate and periodicity of repayment of interest and principal. Incidentally, gold loans can be availed at our branches for amounts as low as Rs. 1000 and as high as Rs. 15 Lakhs.
Guaranty and Security
  • We know that these gold ornaments are very precious and favourite to you. So we guarantee you that it will be in our safe hands in strong cash safes inside a strong room built as per the standards and specifications applicable to commercial banks. The pledged gold ornaments are also insured for full value. Moreover, security personnel and modern electronic surveillance technology are deployed to protect your beloved gold ornaments.
  • The most important things from the customer’s perspective are transparency, security and choice of loan product to suit individual requirements. Transparency would help the customer see for himself what he gets in return for what he pays. There should be no hidden costs and no nasty surprises. Security is about how well the gold is physically secured, and also about the internal systems and procedures at the company which ensure that there is no scope for any malfunctions after the jewellers have been pledged. The choice of loan products should cover the range from high LTV (loan to value) to low LTV.
Guaranty and Security
  • We know that these gold ornaments are very precious and favourite to you. So we guarantee you that it will be in our safe hands in strong cash safes inside a strong room built as per the standards and specifications applicable to commercial banks. The pledged gold ornaments are also insured for full value. Moreover, security personnel and modern electronic surveillance technology are deployed to protect your beloved gold ornaments.
  • The most important things from the customer’s perspective are transparency, security and choice of loan product to suit individual requirements. Transparency would help the customer see for himself what he gets in return for what he pays. There should be no hidden costs and no nasty surprises. Security is about how well the gold is physically secured, and also about the internal systems and procedures at the company which ensure that there is no scope for any malfunctions after the jewellers have been pledged. The choice of loan products should cover the range from high LTV (loan to value) to low LTV.
Customer Services Feedback | Suggestion | Grievances Form - We honour your views