Nature of Facility
- 65% of the Appraised Value of Gold.
- Minimum Amount - Rs. 50000/-
- Maximum amount - Rs. 35 Lakh.
Subject to a ceiling of Rs. 35 Lakh per Borrower under MSME Gold Loan schemes.
- Gold ornaments/Jewellery.
- Specially minted Gold coins sold by banks up to 50 grams per customer.
- The entire loan is to be repaid within 12 months.
- Interest is to be serviced at monthly intervals.
Nomination Facility is available