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The SPSR Nellore District Co-operative Central Bank Ltd.
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Gold Loan Policy & Scheme

Instant Liquidity Against 22 Karat Gold Ornaments

RATE OF INTEREST
8.75% - 9.50% p.a.
Tenure: 12 Months (Bullet Repayment or Monthly Interest)

About Scheme

Fast, hassle-free gold loans at the lowest interest rates in the cooperative sector with secure locker storage and transparent karat appraisal.

Maximum Sanction
Up to ₹25,00,000 per borrower
Repayment Tenure
12 Months (Bullet Repayment or Monthly Interest)
Share Capital / Fee
2.5% for cooperative membership

Key Features & Benefits

  • Spot sanction within 15 minutes at all 28 branches
  • High per-gram advance rate based on daily market price
  • Bullet repayment option: pay interest and principal together at maturity
  • Safe deposit vault custody with 100% insurance coverage

Eligibility Criteria

  • Any individual residing within Nellore district
  • Minimum age 18 years

Documents Required

  • Aadhaar card
  • Proof of residence
  • Two passport size photos

Apply for this Loan

Submit your loan request online or visit any of our 28 DCCB branches in Nellore district.

Need immediate assistance?
Call Head Office: 0861-2328221