Purpose:

• Obtain a loan against the pledge of your gold.

Loan Amount:

• Up to 75% of the valuation of the gold pledged.

Margin:

• 25% of the gold’s valuation.

Repayment:

• Flexible repayment period up to 1 year, with monthly installments for a maximum of 12 months.

Security:

• Gold pledged as collateral.

Processing Fee:

• Valuation fee by a goldsmith and a processing fee of 1.5% of the loan amount plus applicable service tax.

Shareholding:

• Nominal membership required.

Documents Required:

• Latest photograph, photo identity proof, residence proof of the applicant, and guarantors.

Insurance:

• Insurance of the pledged gold is mandatory and is charged to the bank.

For more details or to apply, please visit our nearest branch.