Karnataka Bank Gold Loan

Features of KBL Agri Gold Scheme

1. Types:
   1. Agri Gold Loan
   2. General Gold Loan
2. Karnataka Bank Interest Rate:The interest on gold loan is
   1. Up to Rs.2 lakh: 8.49% p.a.
   2. Above Rs.2 lakh - Rs.25 lakh: 8.79% p.a.
3. Loan TenureThe period of the loan ranges between 6 months and up to 12 months.
4. Maximum Loan AmountThe maximum loan amount that is offered as gold loan is Rs.25 lakh per borrower.
5. SecurityHypothecation of assets or crops is required as primary security. Collateral security is the gold ornaments that have been pledged with the Bank for the loan amount.
6. Type of GoldAll gold ornaments or jewellery are accepted, especially minted gold coins that are sold by Banks, but this should not exceed 50 grams per borrower.Check Latest - Gold Rate Today
7. RepaymentThe repayment of the gold loan principal amount should be made on or before the maturity date of the loan. Interest is to be paid out by the due date/ yearly.

Eligibility for Karnataka Bank Agri Gold Loan