GOLD LOAN

    
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Gold-Loan
 
Loan Classification
  • Member
  • Nominal Member
  • for women
 
Loan Limit
  • Member : Upto 2 Lakhs
  • Nominal Member : Upto 1 Lakhs
  • Above 2 Lakhs
  • for women : Upto 1 Lakhs
 
Interest Rate
  • Member : 9.50%
  • Nominal Member : 9.50%
  • Above 2 Lakhs : 14.00%
  • for women : 9.00%
Repayment Period
  • Max 1 Years
Foreclosure Charges
  • NO.
Processing fee
  • As per bank rules
Documets required
  • for Requirement of Docuemts as per bank policy, Contact to nearest branch
Methodology for Valuation of Gold Collateral
  • The Bank's paneled/approved valuer shall verify the purity of the gold ornaments and determine the net weight of gold, after excluding stones, alloy, strings, fastenings and other non-gold components and LTV ratio will be maintained at 70% while sanctioning the loan.
  • The value of eligible gold shall be determined based on the IBJA (India Bullion and Jewelers Association) rate, considering the average closing price of gold for the preceding 30 days or the applicable day-end rate, whichever is lower, in accordance with the applicable RBI guidelines.