SLNCB - Gold Loan Scheme

Purpose
Education/Domestic/Business /Medical Expenses

Eligibility
Should be a Shareholder of the Bank.

Nature of facility
Term Loan

Quantum of Loan minimum / maximum Limit
Up to Rs.10.00 lakhs

Rate of Interest
8.5% P.a

Guarantor
N/A

Security
Pledge of Gold

Processing Fee / Other Charges
Application Fee + Govt. Stamp fee + Appraiser Commission + GST

Moratorium Period
N/A

Repayment Period
12 Months

Insurance
0.25% of Pledged Gold Value