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IB Loan against Sovereign Gold Bond

IB Loan against Sovereign Gold Bond

Eligibility
  • Holders of Sovereign Gold Bonds issued by RBI on behalf of Government of India.
  • Customers can approach for loan against SGB only through the branch through which the SGB was obtained.
Purpose For any bankable purpose
Margin 30%
Quantum of loan 70% of the average market price of 24 carat gold for the preceding 30 days as quoted by the India Bullion and Jewellers Association Ltd.

·         Minimum loan amount Rs.25000.00

·         Maximum no limit.

Repayment Period 1 year (Bullet payment along with interest at the end of the term)
Interest Rate Click here
Processing Fee Click here
Security Pledge of the Sovereign Gold Bond
Documents required Original Sovereign Gold Certificate (Holding certificate)

Apply for loan (Click Here)

( Last modified on Apr 16, 2022 at 12:04:56 PM )

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