Gold Loan
Overview
Agrasen Bank provides liquidity against gold ornaments without having to sell them to meet your financial needs. Use the power of gold which you have kept in your locker.
You can avail a loan against gold to expand your business or to fulfill other financial requirements such as your children’s higher education, marriage of your child or any unforeseen medical emergencies.
Loan against gold is one of the easiest means of finance that can be availed.
Eligibility | Individuals | ||||||||
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Type of Facility | Demand Loan | ||||||||
Amount of Loan | Maximum 25 lakhs | ||||||||
Loan Amount Per Gram | Rs. 5000/- | ||||||||
Repayment | 4 lakhs bullet payment and above 4 lakhs EMI | ||||||||
Security | Ornamental gold / jewellery | ||||||||
Rate of interest |
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Documentation | D P Note and D P Note delivery letter | ||||||||
Sanctioning Authority | General Manager / CEO / Board | ||||||||
Margin | 25% of intrinsic value of gold. |
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