Business Gold Loans
“Emergency Business Gold loan” of the Bank to facilitate our customer to meet their short term requirements.
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This loan shall be granted on the following purposes under priority sector. Industry / Business / Service activities/Consumption.
Business Gold Loan Scheme Details
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term length
Three Months Only
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Principal Repay Frequency
Quarterly
![](https://sucobank.com/storage/2021/10/Penal-Ineterst.png)
PENAL INTEREST
2%
![](https://sucobank.com/storage/2021/10/Type-of-repayment-1.png)
Type of Repayment
End of the Term
![](https://sucobank.com/storage/2021/10/Interest-Repay-Frequency-1.png)
Interest Repay Frequency
Quarterly
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Processing Fee
1% with the Min of Rs.250/- only.
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RATE OF INTEREST
Communicated from time to time by Head office. Present 13%.
![](https://sucobank.com/storage/2021/10/quarterly-service-charges-1.png)
Quarterly Service Charges
Upto 25K – Rs.50/-
>25K -Rs.100/-.
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Gold Appraiser Fee
Rs.2.00 per 1000/- with a minimum of Rs.40/-only.
![](https://sucobank.com/storage/2021/10/quantum-of-loan-3.png)
QUANTUM OF LOAN
Minimum Rs.5000/- Maximum Rs.01 Lakh. If the customer is the member of the Bank then loan up to Rs.2 Lakh may be sanctioned
![](https://sucobank.com/storage/2021/10/Rate-Of-advance.png)
Rate of Advance
The rate of advance against gold ornaments is Rs.1800/- per gram of Sovereign touch gold (22 carat).