What is the interest rate for gold loan ? - letsdiskuss
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Student | Posted on | Share-Market-Finance

What is the interest rate for gold loan ?


Student | Posted on

Gold Loan is a product whichcan be useful when you require money for urgent needs.

Gold Loan is offered by SVC Bank for the following purposes:

For personal requirements - Loan to individuals for marriage, medical expenses, educational expenses. For business requirements - Loan for business purposes, i.e. business expansion, business travel.

“Gold is a commonly owned asset across regions and communities in India. Getting a Gold Loan is relatively easier as it does not require much documentation.The interest rates arealso very reasonable”, says Mr. Ajit Venugopalan, M.D, SVC Bank.

“Gold Loan approval is almost instantaneous if you fulfill the eligibility criteria. We disburse Gold Loan for a maximum tenure of 60 months after ascertaining the purity and the value of the gold ornaments pledged.Salaried, Self-employed Professional, Self-employed Non-professional and Housewives in the age group 21-65 years are eligible to get a Gold loan.This is, by far, the easiest and quickest way to get a Loan of upto Rs. 20 lakhs and is therefore a preferred funding option of customers who are in urgent need of money”, adds Mr. Venugopalan.

A gold loan aspirant can approach SVC Bank’s nearest branch to know more about eligibility or call the toll free helpline 18003132120 for more details. The customer can also feed in his enquiry on the Bank’s website www.svcbank.com which is responded to promptly by the bank’s service staff.


About SVC Bank

Set up in 1906, SVC Bank has contributed significantly to the development of the cooperative movement in India for over a century. Today, the bank is one of the oldest and most recognized names in the country’s co-operative banking space and remains India’s only multi-state scheduled bank with a presence across 11 states. It is also the first and only bank to develop and offer ‘Genius’ – a core banking solution to more than 80 other cooperative banks. With a total business of over Rs. 25000 crores plus and a net profit of Rs. 132 crores (FY 17-18), it has proven its strong fundamentals. The Bank offers the entire gamut of services across Retail Banking, Corporate Banking and International Banking. Headquartered in Mumbai, the Bank has a vast spread of 198 branches and has an employee strength of over 2500. For more details visit www.svcbank.com