LOAN AGAINST GOLD

 

 

Eligibility of borrower:

  • Having current/saving account holder of the Bank.
  • Borrower must be a member of the Bank.

Purpose of Loan:

  • Business purpose
  • Social work of the borrower
  • Educational expenses of his children
  • Personal use or any accidental requirement of money


Quantum of Finance:

  • per 1 gm of gold, loan up to Rs.2000.00/-
  • Maximum amount of loan to an individual is Rs. 5 Lacs.

    • Repayment period:

    • 11 months for repayment of total loan in one lump sum and interest to be repaid monthly.
    • or Maximum 12 months with monthly installments together with interest.


Features:

  • Instant Loan Across The Table
  • Attractive Interest Rates
  • Simple & Easy Documentation
  • Repayment At The End of Loan Tenure
  • Complete safety of jewels


Security:

  • Pledge of gold ornaments with the Bank