Gold Loan

1

Eligibility

Only Individuals  

2

Purpose

Consumption, Medical, Education,  Agriculture etc.

3

Maximum Loan Amount

75% of the Gold Value, Maximum Rs.15.00 Lakhs

4

Repayment Period

One Year

5

Rate of Interest

9.5% to 10.0% ( ROI applicable as revised by the Bank from time to time)

6

Security for the Loan

Pledge of Gold Jewels /Ornaments

7

Documents to be submitted

  •   Loan application in the prescribed format
  •   Documents as per the KYC Norms
  •   Other loan documents

Other General Conditions:

  1. Applicant should be the real owner of the gold jewels/ornments
  2. Processing Charges : 0.50% of loan amount maximum Rs.2000/-
  3. Overdue Interest : 2% on the Overdue portion
  4. Contact the Bank branch for more information.