| |
| Sanction
Limit |
- Upto
75% of valuation report *
|
|
|
*
Gold to be valued by the Bank’s approved valuer
|
|
|
|
|
Repayment period |
- Maximum
24/36 monthly installments
|
|
|
|
|
| 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
|
|
|
