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Product - Gold Loans

GOLD LOANS

Purpose:

     (a) Business purpose/ any productive purpose.

     (b) Consumption purpose/Medical expenses and others.

Eligibility of the borrower:

(a) All the permanent residents in the service area/operational area of the branch are  eligible.

(b) Loans should be sanctioned against strict identification and introduction from persons well known to the bank or account holders with KYC norms compliance.

Rate of Interest:

      Demand Loan    :    11.50% P.A

      Over Draft        :    15.00% P.A                   

Swarna Godavari :   

  • Introduced on 14.08.2015
  • Convenient for the employees and others who are having regular monthly income.
  • Term -    21 Months
  • ROI   -    13.75%.