Loan Against Gold South Indian Bank

I want to take gold loan from South Indian Bank for my sisters wedding . Will you please detailed information regarding the Gold loan of the South Indian Bank ?

[Quick Sam]

South Indian Bank Limited (SIB) was established in the year 1929 . The Headquarter is located in Thrissur City, Kerala, India .

Gold loan schemes :

Gold Loan Monthly Interest - To meet the customer personal requirement.

Gold Max Plus - For meeting personal/family/business/ finance requirements/other unforeseen requirements

Gold Max - To meet the customer personal requirement.

Gold Rush - Gold Loans with attractive interest rate

Swarnanidhi - For meeting personal/family/business/ finance requirements

To be operated as an overdraft account against pledge of 22 carrot gold ornaments.

There is provision for release of the ornaments & re-deposit of the ornaments without any restrictions.

Special features of the scheme

Target group : Individuals, Partnership & Proprietary Firms.

Loan limits : Minimum Rs.0.25 lac , Maximum Rs.500 lacs

Type of facility : Overdraft against pledge of 22 carrot gold ornaments

Security : Pledge of 22 ct Gold Ornaments

Rate of Interest : Click here to view the latest Rate of Interest

Processing fee : 0.20% on each renewal / enhancement

Penal interest : 2 % p.a

Rate per gram : as fixed by H.O from time to time

Period of sanction : 12 months; Can be renewed after paying interest.

Only 22 ct ornaments sbe accepted for pledge .

Borrower can operate this account as their personal overdraft.

Hello, I want to take the loan from the South Indian Bank against gold. Please tell me the details of the loan.

[sumit]

Hello, here I am providing you the details of the gold loan of South Indian Bank as under:

Gold max:
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

Gold power:
Target group: Individuals, Business/Self Employed
Type of facility: Overdraft against pledge of 22 carat gold ornaments
Loan limits: Minimum Rs.0.25 lac , Maximum Rs.500 lacs
Security: Pledge of 22 ct Gold Ornaments, Re-Pledge of 22 ct Gold
Ornaments

Interest rates:
Gold Rush Scheme 14.00%
Gold Max Scheme (For other purpose) 13.00%
Gold Max Scheme (For Agricultural purposes) 10.50%
Gold Loan General 13.00%
Gold Loan Agri 10.50%
Gold Loan Agri up to & incl 3 lakhs-Interest Subvention 7.00%
Gold Loan - Other Priority Sector (other than Agriculture Gold loan) 12.00%
Gold Max Plus 13.00%
Gold Loan Monthly Interest Payment 13.00%
Gold Power 13.00%
Gold Power -Priority sector (MSE) 12.50%