To meet medical expenses and other unforeseen Commitment/ Contingencies etc.
Quantum of Loan
Minimum Amount - Rs. 5,000
Maximum Amount - Rs. 35.00 Lakh.
Security
Against the pledge of gold ornaments / Jewellery.
Loan shall be against Ornaments, specially minted Gold Coins sold by Banks and not against Gold Coin, Bullion etc.
Total weight of Specially minted Gold Coins (sold by the Banks) shall not exceed 50 grams per customer.
Repayment Period
Swarna (Single Transaction Limit): The entire loan shall be repaid within 12 months from the date of sanction as a bullet payment along with interest. Interest will be accrued to the account at monthly rests compounded, but will become due for payment along with principal only at maturity.
Swarna Express (Single Transaction Limit):The entire loan shall be repaid within 6 months from the date of sanction as a bullet payment along with interest. Interest will be accrued to the account at monthly rests compounded, but will become due for payment along with principal only at maturity.
Overdraft:2 Years, subject to Annual Review. Interest is to be serviced monthly.
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.
