|Bank||Central Bank of India|
|Scheme||CENT – BUSINESS GOLD LOAN|
|Description||For business needs only.|
|Eligibility||1. Existing as well as New Customer.
2. Individual (18 years to 60 years), Proprietorship and Partnership, engaged in Business activities.
|Rate of Interest & Repayment||1. Rs.10000 and up to Rs.10 lac: MCLR + 0.50%
2. Above Rs.10 lac and up to Rs.20 lac: MCLR + 1.00%
1. Repayment in case of Term Loan : 12-36 Months.
2. Repayment in case of Overdraft or Cash Credit : On demand and renewable on yearly basis.
|Collateral||Primary Security :
·Pledge of gold coins (specially minted and sold by Banks)/Gold ornaments and Jewellery of 22 as well as 24 Karats purity
·The Gold ornaments should be hall marked.
|Composite /loan Limit||1. Minimum: Rs.10,000/-
2. Maximum: Rs.20,00,000/-
|Detail Link||View Link|