Andhra Bank
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Toll Free Number: 1800 425 1515

Anytimers
 
Loans against Gold Ornaments for Non Agricultural Purpose

 Purpose

Loans are allowed for  various purposes like

  • Pure consumption,
  • Personal
  • Business  and not for speculative purposes.
  •  
      Eligibility


    Any properly identified person/existing customers who are properly identified and accepted as a customer as per KYC-AML guidelines

      Rate of interest
     
    Base Rate+1.40% i.e 11.40% p.a
     
      Prepayment charges
    No prepayment charges.
    Security

    Up to 50 grams coins only issued banks shall be accepted per borrower.

     
     Quantum of Finance per gram
    Rs.1600/- per gram or 75% of the market value (per gram 22 Ct. pure) of gold which ever is less.
     

    No Processing charges

    Appraising charges : 1% of the loan amount sanctioned.
    50% concession in applicable charges for the limits above Rs.2.00 lakhs.

     
     
     
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