Vengara Service Co-operative Bank

Gold Loan

Title	Norms
Purpose	General purposes/any purpose including consumption purpose
Eligibility	A/C/D Class Membership
Limit of Loan	Rs.25,00,000 up 1 months 80% of market value up 3 months 80% of market value up 6 months 75% of market value up 12 months 75% of market value
Security	Gold Ornaments
Repayment Period	1 Months,3 Months, 6 Months & 12 Months
Repayment Mode	Within due date
Rate of Interest	Up to 1 months - 6.75 Up to 3 months - 9.00 Up to 6 months - 9.00 Up to 12 months - 11.00 Penal Interest: 2% extra for default amount