| Loans & Advances | Deposits | Special Services |Service Charges |Fair Lending Practices Code|  
 
 
Sanction Limit
  • Upto 75% of valuation report *
              * Gold to be valued by the Bank’s approved valuer
Repayment period
  • Maximum 24/36 monthly installments
  • No pre-payment penalty
Rate of interest
  • 12.50% p.a.(w.e.f. 1st August, 2011)
  • Calculated on the daily reducing balance of the loan
Security
  • Gold items will be pledged in favor of the bank and one guarantor
Documents Required
  • Proof of Residence - Xerox copy of Ration Card/Electricity Bill/Telephone Bill/Passport
  • Proof of Income -  Salary Slip or last 3 years Balance Sheet or Tax Returns
  • Letter of Pledge