Syndicate Bank Gold Loan

Hi buddy I am thinking to take Gold Loan from Syndicate Bank in my daughter marriage , so can you here tell me about Syndicate Bank Gold Loan??

[Shaleen]

Syndicate Bank is one of the oldest and major commercial banks of India. as you asking I am telling about Syndicate Bank Gold Loan

Eligibility
Existing and new customers who are properly introduced to the Bank.

Interest Rate
11.20% p.a (BR+1.50)
Base Rate (BR): 9.70%

Penal Interest
2% above the applicable rate on all overdue loans.

Loan Amount
Upto Rs. 10.00 lakhs for Non priority purposes
Upto Rs. 20.00 lakhs for Business purposes

Repayment Period
12 months (The entire loan amount with interest shall be repayable within 12 months from the date of sanction. No rollover of the loan account beyond due date shall be permitted).

Document require
1. Signed application form with photograph
2.Copy of passport/voter ID card/driving license
3. Processing fee cheque
4. Last 3 months bank statement/6 months bank passbook
5. Documentation for salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16
6. Documentation for self-employed applicants:

Latest Bank statement
Latest ITR or Form 16