Gold Loans

Easiest and quickest way to get liquidity for your immediate requirements and for emergencies. This is an instant loan facility offered at competitive and attractive interest rates. This is a special scheme designed for your convenience wherein you can avail the loan by pledging your gold ornaments for any general and genuine purpose or expenditure.

Quantum

•  With Effect from 01.06.2020 an amount of Rupees. 3300/- per (net) gram of pure gold (24 carat) up to maximum of Rs. 50,00,000/-, is sanctioned per individual borrower against pledge of gold ornaments with an Interest rate as minimum as 7.99% per Annum(Terms & Conditions apply)

Repayment Period

•  Gold loans up to Rs. 2 lakh : One year –bullet payment (Interest+ Principal)
•  Gold loans above Rs. 2 lakh: Repayable in equated quarterly installments
•  Kranti Silver Jublie Gold loans – repayable in three months

Security

•  Pledge of gold ornaments/ jewellery.