IB Loan against Sovereign Gold Bond
IB Loan against Sovereign Gold Bond
| Eligibility |
|
| Purpose | For any bankable purpose |
| Margin | 30% |
| Quantum of loan | 70% of the average market price of 24 carat gold for the preceding 30 days as quoted by the India Bullion and Jewellers Association Ltd.
Minimum loan amount Rs.25000.00 Maximum no limit. |
| Repayment Period | 1 year (Bullet payment along with interest at the end of the term) |
| Interest Rate | Click here |
| Processing Fee | Click here |
| Security | Pledge of the Sovereign Gold Bond |
| Documents required | Original Sovereign Gold Certificate (Holding certificate) |
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