| Sanction Limit |
- Upto 75% of the value arrived at based on purity of the gold and at Bank’s specified rates
- Valuation can be conducted on the spot at specific branches at Bank’s specified rates.
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| Repayment
period |
- Maximum 24/36 monthly installments
- Repayment of loans upto Rs. 2 lacs repayable within 12 months
- Term Loans repayable within maxm 5 years
- No pre-payment penalty
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| Rate of interest |
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| Security |
- Gold items will be pledged in favor of the bank
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| Documents
Required |
- Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
- Proof of Income - Salary Slip or last 3 years Balance Sheet or Tax Returns
- Letter of Pledge
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