Gold Loan (OD)

For business purposes only.

Interest Rate9% p.a.

Maximum Amount₹10 Lakhs

Maximum Tenure12 Months (Renewable Annually)

Key Highlights

Overdraft facility against pledged gold ornaments

Loan limit up to ₹10 Lakhs

Renewable every year

Interest to be serviced regularly

Valuation strictly as per RBI norms

Adequate margin maintained at all times

Loan up to ₹1 Lakh - Nominal Member eligible.

Loan above ₹1 Lakh - Regular Member required.

Borrower must submit a declaration confirming ownership of the gold/silver ornaments pledged.

Income proof of the borrower is mandatory.

KYC documents of the borrower.

Income proof of the borrower.

Declaration of ownership of gold/silver ornaments.

Valuation report issued by bank-authorized appraiser.

Ornament receipt/certificate issued by the bank.

Pledge of gold ornaments valued by bank-authorized appraisers as per RBI guidelines and IBJA gold rates.

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Processing Fee

As per prescribed Bank's Service Charges.

Visit the branch or call us for more details.