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.
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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% Repayment: 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.
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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.
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Composite /loan Limit | 1. Minimum: Rs.10,000/-
2. Maximum: Rs.20,00,000/-
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Margin | |
Detail Link | View Link |