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  • 19th Annual Report


    Bank's 19th Annual Report is available >>> Read More

  • Shivalik Bank and LIC of India join hands!

    Shivalik Bank now offers life insurance plans of LIC of India as its corporate agent. An MoU was

    >>> Read More

Gold Loan Scheme

Salient Features of Gold Loan Scheme

Eligibility: Age 21, regular source of income.

Quantum of Finance: Rs. 10,000/- and above.

Guarantor: Not needed.

Margin: Max. 75% of value of gold.

Pre-payment penalty: None

Term of Loan: 12 months. May be extended if a/c. is satisfactorily conducted.

Interest Rate: Min. 13% (depends upon the margin)

Processing Fee: 0.5% min. Rs. 500/-. (Valuer's fee is included in it).

Return of gold jewellery: Immediately on closure of gold loan account.

Other Requirements: If the borrower is not an existing customer of the bank, KYC formalities are to be taken care of.


Gold Loan (Term Loan)

Term Loan can also be offered against pledged gold ornaments.  Repayment is to be done in easy monthly instalments.