GST No.: 24AABAT4356N1Z6               

Gold Loan

Eligibility of borrower
  • Having current / saving account  holder of the Bank.
  • KYC norms should be observed.
  • Applicant must have his own ornaments.
  • Borrower must be a member /nominal member of the  bank.  
Purpose of Loan         
  • Any personal needs.
Quantum of finance     
  • Loan up to 75% of gold value [monthly average price of bullion market] or Rs. 20,000/- per 10 gram whichever is less will be considered.
  • Maximum amount of loan to an individual is Rs. 1.85 lakh.
Repayment period
  • Within 12 months for repayment of total loan. (As Bullet recovery)
Rate of Interest     
  • 9.00%  p. a.
Security
  • Pledge of gold ornaments with the Bank.

 Gold Loan