This facility is for meeting any type of contingent requirements, thus harnessing the yellow metal, which is usually a “non-sweating” asset, for productive purposes. The customer can walk into any nearest branch of the Bank offering Gold Loan with the customers’ jewellery/ gold bullion. The easy documentation and simple process will ensure that a customer can avail a loan across the counter. This helps in making good use of the assets owned.
||To finance against pledge of gold or gold ornaments to individuals/firms for their private investment.
||Up to 10.00 Million
||1 year (subject to annual review)
||Maximum up to 80% of the derived value in case of solid gold and 70% of the derived value in case of gold ornaments.