South Indian Bank Gold Loan Per Gram

Sir I also want to take Loan on my gold ornaments . Would you tell me what is the rate of interest given on Per Gram gold in banks ? Provide me information of Gold Loan rates in South Indian Bank ? Would you please provide me a pdf of Gold Loan Pledge Form of this Bank ?

Hii sir, I Wants to get the Information About the South Indian Bank Gold Loan Will you Please Provide It ?

[pooja]

South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India.

The South Indian Bank Gold Loan is given below

Target Customers :

Individuals
Proprietorship concern
Hindu Undivided Family
Partnership Firm
Pvt. Ltd / Public Ltd. Company

Quantum of Finance
Minimum - Rs. 0.25 Lacs
2. Maximum - Rs. 1000.00 Lacs

Security
Primary security of 22 ct (916) Gold Ornaments/ Jewellary

Processing Fee
0.10% of the limit sanctioned.

Penal Interest
2% p.a. for the defaulted amount for the defaulted period.

Special Features
Safety of the ornaments Under custody of the Bank.
Liquidity of the gold is ensured by sanctioning an overdraft against pledge of ornaments.
Availability of the ornaments for use at any time there is provision for release of the ornaments & re-deposit of the ornaments without any restrictions.
For Re-pledge borrowers: A declaration by the original pawner stating the actual ownership and No-Objection for Re-pledge the Gold by the pawnee pledges the same with any Bank should be obtained.
Borrower can operate this account as their personal overdraft.