| January 17th, 2018 10:49 AM | |
| prince karak | Re: central bank of india jewel loan interest rate Cent Personal Gold Loan facility offered by CBI (Central Bank of India) for its customers is basically to meet urgent personal expenses like marriage / medical / educational needs, etc. other than for Agricultural purpose. Nature of Facility • Demand Loan against pledge of gold ornaments of 22 Carat purity or Gold Coins (Maximum 50 gram per person) sold by Bank. Rate of Interest • MCLR (12m) +2.00 % p.a. floating Security • Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by Bank. Quantum of loan • Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by Bank. Margin: • 30% of the value at the time of sanction. Maximum Limit of loan per gram • Rs.1750/- per gram of gold ornaments or 70% of the current market price of 22 carat gold whichever is less. • In case of gold coins sold by our Bank Rs.1850/- per gram of gold coins or 70% of the current market price of 24 carat gold whichever is less. • The weight of coins promised should not exceed 50 grams per borrower in case of advance against security of gold coins. • Drawing power is revised suitably on monthly basis based on the market value of gold. Repayment • The tenor of the loan should not exceed 12 months from the date of sanction. Processing Fees • 0.5% of the loan amount plus tax plus applicable Appraiser Fee. |
| January 17th, 2018 10:49 AM | |
| Unregistered | Re: central bank of india jewel loan interest rate Can you tell me in detail about the interest rate and other details of the Cent Personal Gold Loan facility offered by CBI (Central Bank of India) for its customers? |
| November 29th, 2015 09:47 AM | |
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