| Eligibility of borrower |
- Having current / saving account holder of the Bank.
- KYC norms should be observed.
- Applicant must have his own ornaments.
- Borrower must be a member /nominal member of the bank.
|
| Purpose of Loan |
|
| Quantum of finance |
- Loan up to 75% of gold value [monthly average price of bullion market]
- Maximum amount of loan to an individual is Rs. 4.50 lakh.
|
| Repayment period |
- Within 12 months for repayment of total loan. (As Bullet recovery)
|
| Rate of Interest |
|
| Security |
- Pledge of gold ornaments with the Bank.
|
