Varachha bank gold loan

Hello ! sir myself IShaant and I want to take an gold loan from Varaccha Bank so kindly tell me the details regarding the Gold Loan from Varaccha Bank????

[Kiran Chandar]

Dear friend as you are taking gold laon from Varaccha Bank and for that looking for the details About gold loan :-

1. Eligibility of Borrower for Gold loan :- An applicant should have his current Account or Saving Account or he or she should be an holder of the account in the Bank.

For issuing Loan s KYC Norms will be followed.

Applicant must have his own ornaments.

It is cpompulsory for the borrower to be the member or nominal member of the Bank.


2. Purpose of taking Gold loan : It should be clear to the bank for what purpose one is taking Loan
Whether for meeting expenses or for scial ceremonies or for Medical treatment or for any other purpose.

3. Repayment of Period of Loan: 12 months are given for the repayment of Loan in lump sum and interst will be charge
In every month.

4. Rate of Interst: Rate of interest is 11.50 % p.a.

5. Security:- As an security the gold ornaments are taken by the bank.


For more details:

Affil Tower, L. H. Road,
Surat-395006, Gujarat, India

Phone No. + 91-261-4008000

Fax No. + 91-261-2558209