Gold Loan

Applicant details

• The applicant must be the true owner of the gold ornaments to be pledged to the Bank.
• The applicant must be local resident & must have a savings account with the branch
• If no savings account with us, then it will be opened first, and KYC norms will have to be completed.
• You need to be a major (18 years or older) to apply for a gold loan.

Conditions

• The bank will give a loan based on the valuation
• The interest is based on a daily reducing basis.
• The applicant has to take insurance of the full value of the Gold in favour of the bank.
• Applicants need to open a Savings Account in our Bank