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.

Benefits

Access to Loan: Up to ₹1,00,000/-.

Interest Rate: 12% (subject to change).

Eligibility

The beneficiary should be a resident of Tamil Nadu.

Loans should be applicable only for Jewel.

Application Process

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 Required

Identity proof (Aadhaar, PAN card, etc.).

Address proof.

Valuation certificate for the pledged jewelry.

Any other documents (if required).