Gold Loan

1 Eligibility Only Individuals
2 Purpose Consumption, Medical, Education,  Agriculture etc.
3 Maximum Loan Amount 60% to 75% of the Gold Value, Maximum Rs. 20.00 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.