Karur Vysya Bank started working in 1916 in Karur. The bank gives numerous budgetary administrations and items. These incorporate advances for individual needs. There are many individuals who require moment fund for specific costs. Gold Loan is most appropriate for here and now needs. It gives moment credit against gold. Gold Loan is fundamentally taken to beat here and now prerequisites of a man. Karur Vysya has it's gold credit plot named as Swarna Mitra which has many highlights examined beneath:

Highlights of Karur Vysya Bank Gold Loan

It is a Short Term Loan/an Overdraft

It credit is for those people who possess Gold Jewelry

The credit is particularly for individual purposes.

Specifics of Karur Vysya Bank Gold Loan

Swarnamitra
12.00% (BR+1.60%)

Essential security
Pledge of Gold Jewelry with Minimum virtue of 22 Carats and Gold Ingots sold by banks.

Guarantee security
Nil (Optional)

Guarantee
Nil (Optional)

Handling charges
0.50 Per Loan of Rs.100.00 (comprehensive of Appraisal charges)

Least Loan Amount
Rs.1.00 Lakhs

Reimbursement Tenor 12 Months (Overdraft Facility). The Limit can be restored for a further time of a year, subject to the circumspection of endorsing specialist.

MCLR Rate of Interest & per Gram Rate for Jewel Loan Products offered by Karur Vysya Bank

S.No
Jewel Loan Products
Present Per Gram Rate (Rs.)
MCLR Rate of Interest (%) with effect from 21.04.2017
Maximum Limit

Jewel Loan (Agri)

1
JEWEL LOAN (AGRI)-12 MONTH (Long term)
2050
9.50 [One Year MCLR 9.60]
Any amount (Based on extent of land and cultivation)

2
KVB QUICK JEWEL LOAN (AGRI)-6 MONTH (Short term)
2075
9.50 [Six month MCLR (9.30) +0.20]
Rs.25 lacs

Jewel Loan – Others (Non-Agri)

3
JEWEL LOAN (TRADE)-12 MONTH
1675
10.95 [One Year MCLR 9.50 +1.45]
Rs.25 lacs

4
JEWEL LOAN (PERSONAL)-12 MONTH
1650
10.95 [One Year MCLR 9.50 +1.45]
Rs.25 lacs

5
KVB QUICK JEWEL LOAN (TRADE) -6 MONTH
1825
10.95 [One Year MCLR 9.50 +1.45]
Rs.25 lacs

6
KVB QUICK JEWEL LOAN (PERSONAL) - 6 MONTH
1800
10.95 [One Year MCLR 9.50 +1.45]
Rs.25 lacs

7
KVB-SWARNA MITHRA SCHEME
OVERDRAFT (OD) PRODUCT
1850
10.95 [One Year MCLR 9.50 +1.45]
Rs.75 lacs