Andhra Bank
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Toll Free Number : 1800 425 1515

Loans against Gold Ornaments for Non Agricultural Purpose


Loans are allowed for  various purposes like

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

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

      Rate of interest
    One year RLLR + 2.00 % irrespective of loan amount and loan period.
      Prepayment charges
    No prepayment charges.

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

     Quantum of Finance per gram w.e.f. 01-03-2020
    Rs. 2,500/- 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 for limits up to Rs. 2.00 lakhs.
    0.75% of the loan sanctioned with a minimum of Rs. 2000 /- for the limits above Rs.2.00 lakhs.