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Gold Loan

gold loan

Purpose:

  • To meet their immediate finance requirements for agricultural purposes, business & personal needs by pledge of gold ornaments

Amount of Finance:

  • The maximum exposure per borrower under gold loans will be 5 accounts with aggregate limit of ₹25 lakhs and maximum loan of ₹5 lakh per account.

Period of loan:

  • Maximum period of 12 months and on due date account has to be closed.

Repayment:

  • On due date and servicing of interest on monthly basis.

Rate of Interest:

  • As per MCLR guidelines.

The above information is subject to terms and conditions.For more details, please contact the nearest Branch