Gold Loan Overdraft
Flexible gold-backed overdraft facility for your financial needs.
Purpose
A gold loan with an Overdraft facility function is the same as a credit card. You can do the spending according to your need and requirement up to the credit limit based on your gold loan value.
Eligibility
- Having operative current account holder of the Bank for more than six months.
- Gold Loan Overdraft loan limit will be approved for borrowers who require gold loan of more than 4 Lakh Rupees.
- Borrower / Partners / Directors / Guarantors must be a member of the Bank.
Document Required
- Duly filled prescribed application form.
- KYC documents of applicant and 2 Guarantor i.e. PAN Card, Aadhar card, latest photograph, Identity proof, (e.g. Voter ID, Passport, Driving Licson ) residence proof.
- Declaration from borrower that he/she is the true owner of the ornaments.
Rate of Interest
10.50%
*p.a