Karur Vysya Bank Gold Loan Careers

Someone is here who will provide information about Gold Loan Scheme of Karur Vysya Bank? What is processing charges for Gold Loan Scheme of Karur Vysya Bank?

The Karur Vysya Bank offers ‘SWARNAMITRA’ Gold Loan Scheme.

Features:
It is an Overdraft/ Short Term Loan
It is specific to individuals who own Gold Jewellery
The loan is specifically for personal purposes.

Minimum Loan Amount
Rs.1.00 Lakhs

Repayment Tenor
12 Months (Overdraft Facility).

SCHEME ROI (floating) p.a.
Swarnamitra One-year MCLR+2.60
Primary security Pledge of Gold Jewellery with Minimum purity of 22 Carats
and Gold Ingots sold by banks.
Collateral security Nil (Optional)
Guarantee Nil (Optional)
Processing charges 0.50 Per Loan of Rs.100.00 (inclusive of Appraisal charges)
Other Terms & Conditions Interest to be serviced monthly.

At the time of renewal Drawing Power shall be fixed based on Prevailing Gold Rates, as notified by the bank.

The facility shall be availed only by the owners of gold Jewelleries.

No exchange of Jewellery/ies is/are permitted.

Once an overdraft a/c becomes irregular or overdue, all the provisions applicable to jewel Loans (Recovery by auction etc) shall be applicable.

Helpline
1860 200 1916 (Local call charges applicable)

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Answered By StudyChaCha Member