Gold loan. A form of debt financing whereby a potential gold producer borrows gold from a lending institution, sells the gold on the open market, uses the cash for mine development, then pays back the gold from actual mine production.
Documents Required for Gold Loan
| Documents | Required |
|---|---|
| Two passport size photograph |  |
| ID Proof such as Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card. Any one document needs to be submitted | |
| Address Proof such as Driving License / Voter ID Card / Ration Card / Aadhaar Card / Passport Copy / registered lease agreement with not older than 3 months utility bills in the name of landlord (any one) | |
| Proof of land holding in case of agriculture loan of more than Rs. 1 lakh | |
| 6 month Bank Statements | |
| 2 Cheques | |