GOLD LOAN
Gold loan (also called loan against gold) is a secured loan taken by the borrower from by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is 80 percent of the gold, based on the current market value and quality of gold.
| Scheme Name | Tenure | Interest | Per Gram Rate | Penality |
|---|---|---|---|---|
| Flex Gold loan | 30 days | 19 | 3200 | 2% extra from default date |
| Smart gold loan | 60 days | 21 | 3500 | 3% extra from default date |
| Triple Plus Gold loan | 90 days | 24 | 3800 | 6% extra from default date |