The Central Bank of India offers Cent Personal Gold Loan Scheme.

I am telling you about this scheme for your reference:

Purpose
To meet urgent personal expenses like marriage / medical / educational needs, etc. other than for Agricultural purpose.

Nature of Facility
Demand Loan against pledge of gold ornaments of 22 Carat purity or Gold Coins (Maximum 50 gram per person) sold by our Bank.

Security
Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by our Bank.

Quantum of loan
Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by our Bank.

Margin:
30% of the value at the time of sanction.

Maximum Limit of loan per gram
Rs.1750/- per gram of gold ornaments or 70% of the current market price of 22 carat gold whichever is less.
In case of gold coins sold by our Bank Rs.1850/- per gram of gold coins or 70% of the current market price of 24 carat gold whichever is less.
Drawing power will be revised suitably on monthly basis based on the market value of gold.

Repayment
The tenor of the loan should not exceed 12 months from the date of sanction.

Processing Fees
0.5% of the loan amount plus tax plus applicable Appraiser Fee.

Rate of Interest
MCLR (12m) +2.00 % p.a. floating

Helpline:
1800 22 1911