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  • Loan to meet unforeseen contingencies.
  • Lower Rate of Interest.
  • No Prepayment penalty.
  • Minimal processing charges.
  • Multiple transactions within the limit allowed.
  • Quick processing and disbursement.
  • To meet medical expenses and other unforeseen Commitment/ Contingencies etc.

    Nature of Facility

    • Overdraft

    Loan Quantum

    • 70% of the Appraised Value of Gold.
    • Minimum Amount - Rs. 5000/-
    • Maximum amount - Rs. 35 Lakh.
      Subject to a ceiling of Rs. 35 Lakh per Borrower under three schemes viz Swarna loan, Swarna OD & Swarna Express.

    Security
    Pledge of

    • Gold ornaments/Jewellery.
    • Specially minted Gold coins sold by banks up to 50 grams per customer.

    Repayment tenure

    • Revolving Credit Facility tenable for 24 Months subject to Annual Review.
    • Interest to be serviced as and when due at monthly intervals.

    Nomination Facility is available

  • Resident Individuals, NRIs
  • 0.50% of the Loan amount
  • Minimum Amount - Rs.500/-
  • Maximum Amount - Rs.5000/-
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Last updated on 26-09-2023 10:41 AM

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