Gold Overdraft

Overdraft against Gold ornaments:
The quickest way and easy to get liquidity for your immediate business requirements and for emergencies by pledging your gold ornaments. This is an instant overdraft facility offered at competitive and attractive interest rates. This is a special scheme designed for your business convenience wherein you can avail the OD limit by pledging your gold ornaments for your business development purpose.
Quantum
An amount of Rupees 5,300/- per (net) gram of pure gold (22 carat). The quantum of overdraft limit will be decided basing on the genuine business requirement and availability of security of gold ornaments with an Interest rate as minimum as 11% per Annum(Terms & Conditions apply).
Repayment Period
- Overdraft limit will be sanctioned for a period of one year and will be renewed as per the requirement of business.
- An overdrat account will be opened with cheque book and the borrower can operate the account as a business overdraft account without restrictions in operations.
Security
- Pledge of gold ornaments/ jewellery
KYC of the applicant to submit for the loan.