Gold Loan
Unlock the value of your gold jewels (preferably hallmark) with our Gold Loan facility at Veerashaiva Co-operative Bank Ltd. Members of the bank can avail loans up to 75% of the appraised value of their gold.
Purpose
Ideal for meeting urgent financial needs, our Gold Loan offers quick access to funds secured against your gold assets
Repayment Period
- Bullet Payment: 1 year for loans below Rs 2 lakhs.
- Term Loan EMI: 12 months for loans ranging from Rs 2 lakhs to Rs 5 lakhs.
Penal Charges
In case of any irregularity or default in repayment, a penal interest of 2.00% per annum will be charged over and above the applicable rate of interest on the outstanding balance
Note: “The sanctioned loan amount and interest rate are subject to terms and conditions.”