- The applicant must be true owner of the gold ornaments to be pledged with the Bank.
- The applicant must be local resident & must have a saving account with the branch
- If no saving account with us then, it will be opened first and KYC norms will have to be completed.
- You need to be a major (18 years or older) to apply for a gold loan.
- Bank will give loan based on the valuation
- The interest is based on daily reducing basis.
- Applicant has to take insurance of full value of Gold in favour of bank.
- Applicant need to open Savings Account in our Bank