If you have gold, selling it may not be the optimum way to meet your financial needs. A smarter option is to apply for JS GoldFinance, keeping your gold as collateral for a short- or long-term loan. If you’re a gold owner, you can apply for JS GoldFinance and get up to PKR 25 million against your gold. You can use the money to fulfill your dreams, from education to entrepreneurship, with the surety that your gold is safe with JS Bank. We guarantee that the gold is safeguarded, kept in pristine condition, and returned undamaged once the facility has been availed and paid off.
With JS GoldFinance, you receive:
Small and medium enterprises along with individuals all over Pakistan have benefitted from JS GoldFinance, which provides a quick liquidation of their assets without having to permanently part with them.
Types of Facilities Available
For our customers’ convenience, JS Bank GoldFinance is offered as a Running finance facility as well as Term finance for a tenure of 1-3 years.
Interest is applicable only on the availed loan amount (up to x percent of gold value) the facility is offered for 3 years (without annual renewal) and may be renewed upon customer request after 3 years.
Facility 1 – Based on Equal Monthly Installment:
In case of Term Loan A,
The disbursement is in the form of a single draw into the customer’s financing account and the repayments are made in form of equal monthly installments (EMI) including both principal and interest portions.
Facility 2 – Based on Quarterly Mark-up Payment only, with principal payment at maturity:
In case of Term Loan B (Bullet Payments ),
The disbursement is in form of a single draw into the customer’s financing account. The facility can be renewed at the client’s request. Quarterly markup payments are made. Principal is paid at maturity
Term Loan Plus:
Facility for existing JS GoldFinance Term Loan clients.
JS GoldFinance pricing with a financing limit of PKR 299,999 or below:
Running Finance: Mark-up rate of 3M KIBOR + 12 % (inclusive of prompt payment bonus of 2%).
Term Loan A: Mark-up rate of 1-Year KIBOR + 12 % (inclusive of prompt payment bonus of 2%).
Term Loan – Facility B: 22% per annum (fixed) Term Loan Plus: (Same as Term Loan A)
JS GoldFinance pricing with a financing limit PKR 300,000 – PKR 25 Million
Running Finance: Mark-up rate of 3M KIBOR + 9 % (inclusive of prompt payment bonus of 2%).
Term Loan A: Mark-up rate of 1-Year KIBOR + 9 % (inclusive of prompt payment bonus of 2%).
Term Loan – Facility B: 20% per annum (fixed) Term Loan Plus: (Same as Term Loan A)