Swarna Loan(Gold Loan)
If you need funds for purposes like medical expenses or any other contingencies, Swarna Loan Scheme is ideal for you.
- Hassle-free, quick loan, co-obligation and no guarantee required.
- Reasonable rate of interest
- To meet medical expenses and other unforeseen commitments / contingencies and investment / domestic purposes.
- The entire loan is to be repaid within 12 months from the date of sanction as 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.
- Credit-worthy SB Account holders with satisfactory dealings or new customers properly introduced and credit-worthy.
- Minimum Rs. 10,000/- Maximum Rs.10,00,000/
- Application for Swarna Loan
- Certificate by the Jewel Appraiser (Bank will arrange)
- Salary Certificate and Form No.16 / income proof
- Specially minted gold coins sold by any Bank
- Gold Ornaments