Business Gold Loans

“Emergency Business Gold loan” of the Bank to facilitate our customer to meet their short term requirements.

Get your loan instantly, Contact us Now!

This loan shall be granted on the following purposes under priority sector. Industry / Business / Service activities/Consumption.

Business Gold Loan Scheme Details

term length

Three Months Only

Principal Repay Frequency

Quarterly

PENAL INTEREST

2%

Type of Repayment

End of the Term

Interest Repay Frequency

Quarterly

Processing Fee

1% with the Min of Rs.250/- only.

RATE OF INTEREST

Communicated from time to time by Head office. Present 13%.

Quarterly Service Charges

Upto 25K – Rs.50/-
>25K -Rs.100/-.

Gold Appraiser Fee

Rs.2.00 per 1000/- with a minimum of Rs.40/-only.

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

Rate of Advance

The rate of advance against gold ornaments is Rs.1800/- per gram of Sovereign touch gold (22 carat).