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    Loan against Sovereign Gold Bond

    • For business/personal purposes other than for speculative purposes or purposes prohibited by RBI/Loan policy.
    • Overdraft & Term Loan
    • The loan amount shall be fixed based on the price of gold per gram fixed by Credit Department, Head Office on daily basis.
    • The price will be reckoned on the simple average of 30 days as applicable to 24-carat gold or the prevailing market rate whichever is less.
    Margin
    • 25%
    Repayment
    • Term loan – Maximum of 60 months (Equated Monthly installments).
    Overdraft
    • 2 years (Renewable)
    Note
    • Period of loan should not exceed beyond the due date for redemption of Bond.
    Security
    • On pledge of SGBs.
    • Noting of lien with e-Kuber portal should be done through our RTGS cell.
    • Branches should make disbursement only after getting lien marking confirmation from RTGS cell.

    Interest :

    • Click for MCLR based interest rates.

    Fees & Charges

    • Upto Rs.25000/- :- NIL
    • Above Rs.25,000/- :- Rs.150/- for each loan (To be collected at the time of closure of loan)