Taiz Tareen Gold Loan…

The country’s fastest loan offering, through JS GoldFinance, just walk into your nearest JS Bank branch, pledge your gold ornaments and avail financing facility of up to Rs. 25 million – within 100 minutes. Offered as both long-term or running finance facility with financing of up to 70% of the assessed gold value, JS GoldFinance can meet both your business or investment needs.

Financing up to Rs. 25 Million!

JS GoldFinance offers financing between Rs. 100,000 and Rs. 25 million, depending on the collateral pledged and financing requested. JS GoldFinance can be availed by individuals, sole proprietors, partnerships or private limited companies.

Facility Type

1. Term Finance – long term facility based on equal monthly instalments.

  •  No Account Opening Required
  • Mark-up rate: 1Y KIBOR + 9% (floating rate), with 2% prompt payment bonus (re-priced on a calendar year basis)
  • Offered in tenures of 1, 2 and 3 years

2. Running Finance – short term facility based on quarterly payment of mark-up on utilization

  • Offered to JS Bank deposit customers
  • Mark-up rate: 3M KIBOR + 9% (floating rate), with 2% prompt payment bonus (re-priced on a calendar quarter basis)
  • Facility is renewable every 3 years

Note: Prompt payment bonus of 2% will not apply in case of non-payment by due date, and respective mark-up will be 1Y KIBOR + 11% (Term) and 3M KIBOR + 11% (Running).

Gold Valuation

JS GoldFinance offers financing against net gold contents, as determined by our designated valuator (goldsmith). The valuation is provided for gold of minimum 21 karat purity. Furthermore, the valuation will only be for the net gold contents and will not take into account any wax, strings, fastenings, precious and semi-precious stones.

Withdrawal Process

Your gold will remain safe and insured with JS Bank for the duration of the facility, and will be returned to you if you no longer require the financing facility. Once you have paid off your facility, you may request return of your gold ornaments from the branch, at your convenience.

Public Notice – Auction of Gold Ornaments/Valuable

Finance facilities were extended by JS Bank Limited to its customers mentioned below against the security of deposit and pledge of Gold ornaments/valuables. The customers have neglected and failed to repay the finances extended to them by JS Bank Limited along with mark-up thereon and the current outstanding liability of such customers is mentioned below. Notice is hereby given to the under mentioned customers that if payment of the entire outstanding amount of finance along with mark-up is not made by them to JS Bank Limited within 15 days of the publication of this notice, JS Bank Limited shall auction the Gold ornaments/valuables after issuing public notice regarding the date and time of the public auction and the proceeds realized from such auction shall be applied towards the outstanding amount due and payable by the customers to JS Bank Limited. No further public notice shall be issued to call upon the customers to make payment of the outstanding amounts due and payable to JS Bank as mentioned hereunder: Click here to access GoldFinance Running Finance Auction List and Click here to access GoldFinance Term Loan Auction List.