Nature of Facility

• Overdraft

Loan Quantum
Pledge of

• 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

• 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