Gold Loan

• Purpose: For personal financial needs and not for speculative purposes

• Maximum amount: Rs.4 Lakhs for 'Gold Bullet Loan' and Rs.50 Lakhs for regular Gold Loan

• Eligibility: Salaried Person-Employee of any reputed organization with confirmed service record; Business - Sole Proprietor/ Professional/ Self employed person etc

• Margin: 40% of Valuation

• Membership: Nominal/ Regular Member of Bank depends on amount of loan

• Period: Maximum 36 months and for 'Gold Bullet Loan' Up to 12 Months

• Security: Pledge of Gold Ornaments

• Interest Rate: As per Bank Policy

• Service Charges: As applicable from time to time

• Documents Required: Self certified KYC documents, current Banker's Statement of accounts for last one year, original pay slips for last consecutive three months/ Salary certificate, Form No-16 and/ or IT Returns with computation of income and Financial statements for last three consecutive years

• In case of Business, Self employed/ Proprietor/ Partnership firm/ Limited Company/ Professional IT Returns are compulsory along with other necessary documents including declaration about ownership of Gold Ornaments