Naini Gold Loan

Purpose

For any purpose except for financial speculation of any nature.

Eligibility:

All individual being true owner of the gold ornaments/Jewellery/specially minted gold coins sold by the banks. The weights of specially minted gold coins should not exceed 50grams per customer.

Age :

Minimum Age: 18Years

Maximum Age: 70Years.

Maximum Amount of Finance :

Rs.15.00Lakh

Margin :

25% of value as applaised by bank's approved assayer.

Features :

Credit Facility in form of Cash Credit (For Agriculture Production Purpose Only) & Demad Loan.

Concessional Rate of interest to borrowers engaged in Agriculture Allied & MSME activities for loan amount upto Rs.3.00Lakh.

Repayment period of 01Years.

No processing & documentation charges for loan amount upto Rs.25000/-

No Prepayment charges.