Punjab & Sind Bank Gold Loan

Hi I want to take the gold loan from the Punjab & Sind Bank so can you please tell me the rate of interest and the purpose for the loan so I can have an idea??

[pawan]

Well below I have given you the details for the gold loan of the Punjab & Sind Bank like the rate of interest and the gold loan scheme

S. No TENOR RATE OF INTEREST (%)

1. Overnight MCLR 9.30

2. One Month MCLR 9.50

3. Three Month MCLR 9.65

4. Six Month MCLR 9.65

5. One Year MCLR 9



Gold Loan Scheme


i) For Productive Purpose (Agriculture): Rates as per policy of rates for agricultural
loans.

ii) For Productive Purpose (Other than Agriculture): One Year MCLR (9.65%) +3% =
12.65%

iii) For Non-Productive Purpose: One Year MCLR (9.65%) + 4% =13.65%

iv) Staff (Non-productive purpose): One Year MCLR (9.65%) + 3% = 12.65%