Gold Loan

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  2. Gold Loan
  • Eligibility
    • All individual customers having full KYC compliance and with good track record / with proper introduction by the regular customer of the Bank.
    • Min. Age 21 years
  • Purpose
    • To meet the short term requirements or consumption / domestic / medical purposes/Business needs / investment credit/Education/ Housing/ Repayment of High cost debt etc.
  • Quantum of finance
    • Min. Rs.25,000/- max. Rs.10,00,000/-
    • (Bullet Repayment Option: - Max. Loan amount will be Rs.2.00 lakh)
  • Margin
    • DL (Repayment Base) – 25% .
    • DL (Bullet Repayment) – 35% .
  • Security
    • Pledge of gold ornaments / Jewellery.
    • (Bullion/ Primary gold is not eligible for Loan)
  • Repayment Period
    • For Bullet Repayment, Maximum Loan period will be 12 months.
    • For Agri investment credit need/Term loan (p-segment), Maximum loan period will be 36 months.
  • Moratorium
    • No Moratorium period
  • Rate of Interest
  • Processing Charge/Upfront Fee
    • Disclaimer:"Kindly contact the nearest branch for more details".