#1
2nd January 2016, 05:42 PM
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Jewel Loan Interest Rate in South Indian Bank
I want to take Gold Loan from South Indian Bank to purchase Jewelry so can you please tell me the interest rate on Gold Loan in this bank?
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#2
2nd January 2016, 05:43 PM
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Re: Jewel Loan Interest Rate in South Indian Bank
South Indian Bank Limited (SIB) is a private sector bank headquartered at Thrissur City, Kerala, India. It was established in 1929. South Indian Bank has 831 branches, 4 service branches,33 ext. counters and 20 regional offices spread across more than 26 states and 3 union territories in India. Gold Loan Monthly Interest- Purpose of the loan: For meeting personal/family/business/finance requirements/other unforeseen requirement. Minimum Amount of Advance : Rs. 5000 Maximum Amount : Rs.5.00 Crores Security : Pledge of 22ct Gold jewellery/ornaments Period of Loan : 12 months Cutoff date for conducting auction : 13 Months Minimum Interest: Minimum for 5 days or Rs. 50/- whichever is higher. Rate of Interest- Gold Rush Scheme 12% (Fixed) Gold Max Scheme (For other purpose) 12% (Fixed) Gold Max Scheme (For Agricultural purposes) 10.5%(Fixed) Gold Loan General 12%(Fixed) Gold Loan Agri 10.5%(Fixed) Gold Loan Agri up to & incl 3 lakhs-Interest Subvention 7%(Fixed) Gold Loan - Other Priority Sector (other than Agriculture Gold loan) 12%(Fixed) Gold Max Plus 12%(Fixed) Gold Loan Monthly Interest Payment 12%(Fixed) Gold Power -Indvidual BR + 2.50 % Gold Power -Business/Self employed BR + 2.50% Gold Power -Re-pledge BR + 2.75% |
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