Loan against Sovereign Gold Bond - Personal Banking

Features

• Minimum Loan Amount per individual: Rs 20,000/-
• Maximum Loan per individual : Rs 20.00 lacs per individual
• Margin : 35% of Market Value of SGBs
• Type of Facility : Overdraft & Demand Loan.
• Interest Rate : Refer to the Interest Rate page
• Tenor
  • Overdraft : 36 months,
  • Demand Loan : 12 months
• Processing Fee : 0.50% of the Loan amount + applicable Service Tax or Rs 500 + applicable Tax, whichever is higher.
• Interest to be serviced monthly.
• Principal to be repaid on or before the end of the term.
• Demand Loan : (Bullet-Repayment) Interest & Principal to be repaid on or before the end of the term.