Gold Loan A/c
Facility: Term Loan
Eligibility: Individual or Firm
Purpose:
Agricultural/ Education/ Small Business / Profession/ any other to meet Short time Financial Requirements.
Security:
Gold Ornaments
Rate of Interest: 10.50% PA
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Max Loan period: 1 Year
Loan Limit: Maximum Rs.100.00 Lacs
Repayment:
Up to 2 Lakhs: Bullet Payment
Above 2 Lakhs: EMI
Interest method: Diminishing Method
Margin: As applicable from time to time
Processing Fees: Nil
Basic Documents: KYC documents of Borrowers and Guarantors
Terms & Conditions: As per Bank’s Loan Policy.
