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April 6th, 2013, 01:15 PM
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Join Date: Mar 2012
Indian Overseas Bank Gold Loan

Would you provide me the details for the Indian Overseas Bank Gold Loan?

Indian Overseas Bank offered the Agricultural Jewel Loans or Gold Loan facilities.

Agricultural Jewel Loans
This is a package calculated for farmers to avail loan for Agricultural purpose next to security of their gold jewellery.

Eligibility:

Individual farmers who own jewels and are engaged in Agricultural activities are eligible.

Quantum of Loan:
You can contact our nearest branches for per gram rate of advance against gold ornaments.

Rate of Interest: Interest will be,
a) For loans up to Rs. 3 lacs : Base Rate +0.75 (before interest subvention)
b) For loans above 3 lacs : Base Rate +3.

Security
Pledge of gold jewellery

Last edited by Neelurk; February 10th, 2020 at 02:15 PM.
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