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Home >> Personal Banking >> Loan Products >> Swarna Loan(Gold Loan)
 
Loan Products
 

Let your idle gold also glitter

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

Purpose:

  • To meet medical expenses and other unforeseen commitments / contingencies and investment / domestic purposes.

Repayment:

  • 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.

Eligibility:

  • Credit-worthy SB Account holders with satisfactory dealings or new customers properly introduced and credit-worthy.

Quantum :

  • Maximum Rs.10,00,000/-.

Rate of Interest:

  • Please visit our interest rate page for current rates.

Documents & formalities to be submitted:

  • Application for Swarna Loan

  • Certificate by the Jewel Appraiser (Bank will arrange)

  • Salary Certificate and Form No.16 / income proof

Security: Finance against

  • Specially minted gold coins sold by any Bank

  • Gold Ornaments

Processing Charges:

  • 1% of the loan amount, with a minimum of Rs. 1,000/- subject to a maximum of Rs. 5,000/- per loan

Click here for FAQs

For more details, please visit our nearest branch or call to toll free no. 1800 425 0018.