Avsarathi
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District Central Cooperative Banks and through its Branches: For Jewel Loan

The scheme allows eligible individuals to obtain loans by pledging their gold and jewelry. The maximum loan amount is ₹1,00,000/- with an interest rate of 12%, subject to changes as per bank policies.

What you get

  • Access to Loan: Up to ₹1,00,000/-.- Interest Rate: 12% (subject to change).

Who can apply

  • The beneficiary should be a resident of Tamil Nadu.
  • Loans should be applicable only for Jewel.

How to apply

Offline

Step-1: The interested applicant should collect the application form from the District Central Cooperative Banks or its branches. Step-2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required). Step-3: Submit the duly filled and signed application form along with the documents to the concerned authority.. Step-4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, a unique identification number (if applicable).

Documents to carry

  1. Identity proof (Aadhaar, PAN card, etc.).
  2. Address proof.
  3. Valuation certificate for the pledged jewelry.
  4. Any other documents (if required).

Details

The "District Central Cooperative Banks and through its Branches: For Jewel Loan" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, allows citizens to obtain loans by pledging their gold and jewelry. The maximum loan amount is ₹1,00,000/- with an interest rate of 12%, subject to changes as per bank policies.

Questions people ask