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Old January 28th, 2013, 03:59 PM
ibrahim
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Default federal bank gold

Does federal bank provide loan on gold? What is the interest rate of its gold loan?
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  #2  
Old January 30th, 2013, 02:19 PM
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Join Date: Aug 2012
Default Re: federal bank gold

Yes federal bank provide gold load. Gold loan scheme for you, that can provide you business needs or any such urgent, Individuals, Partnership firms and Proprietary firms.
Individual limit for this loan is up to a maximum amount of Rs 75 Lacs. And Minimum amount is Rs.5000. Period for the loan is 66 days.
Interest rate for gold loan is Base rate +2.75%. There is no processing fee or service charge for this loan.
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