Eligibility

-      Applicant should be a/c holder of the Bank (KYC complied).

-      Applicant for loan should be either Nominal Member or Member of the Bank.

Amount

Maximum Rs. 5 lac

Margin

30 % on gold price on the average price during the period of last one month from day of deposit with the Bank

Rate of Interest

@ 9.50% p.a. ( With monthly rests')

Repayment

EMI  repayment within 12 months from the  date of loan

Repayment capacity

self declaration

Security

Pledge of gold.

Guarantor

No guarantor is required

Share linkage @ 2.5 % to be made applicable