Personal Gold loan is a monthly instalment repayment scheme sanctioned for a short period by accepting the gold ornaments of the customer as pledge.

• Purpose
• To meet the credit needs of individuals such as trade, commercial activity, other general business, household requirements, real estate as also for their bonafide requirements.
• Eligibility
• Any individual who owns gold ornaments can avail the loan provided he/she is the share holder or nominal share holder of the Bank. (Note: minors are not eligible.)
• Procedure
• Submit the gold ornaments (within a karat range of 22 to 24 k) along with the application in the prescribed format at the branch. The loan will be sanctioned on the base of the gold valuation which involves verification of its purity.
• Charges and other costs
• The charges levied are forms, insurance, notice and miscellaneous charges. Please visit the page of service charges in this site
• Period
• Maximum tenor of 90 days.
• Eligible amount
• (Above 4 lakh)
• Bank will periodically review and fix the maximum advance amount payable per gram of gold , which nevertheless will exceed the 75% of the existing market value of the gold.
• Repayment
• This is a monthly instalment loan. Customer should repay the instalment amount with interest in monthly basis and are free to repay part amount of loan and/or accrued interest thereon at anytime.
• Rate of interest
• To see the interest rate please visit the page of Interest rate in this site. The Bank will charge a minimum interest for 15 days and beyond that the interest will be calculated per day basis. After due date the interest will be charged at the rate of interest applicable on ordinary Gold loan.