GOLD LOAN
A loan will be granted against pledge of gold ornaments /coins.
- Minimum loan limit : Rs.10,000/-
- Maximum loan amount – Rs. 10 lacs
- Period of loan – maximum 1 to 2 years
- Gold appraiser charges shall be payable by the member
- Gold ornaments / coins less than 16 carrot will not be accepted
- Margin – 25% on the value of gold ornaments / coins as per appraiser report
- Interest will be applied on daily balance method at monthly rests
