Nature of Facility
- 90% of the Appraised Value of Gold.
- Minimum Amount - Rs. 1.60 Lakh
- Maximum Amount - Rs. 10 Lakh.
Subject to a ceiling of Rs. 10 Lakh per Borrower under Agricultural Gold Loan schemes.
- Gold ornaments/Jewellery.
- Specially minted Gold coins sold by banks up to 50 grams per customer.
- Revolving Facility tenable for 36 Months subject to Annual Review..
Simple Interest shall be charged with Half-yearly rest.
Nomination Facility is available