Loan against Sovereign Gold Bonds

Features
Eligibility

All individual or joint investors (age above 21 years) under Sovereign Gold Bond Scheme holding the SGBs.

Physical form: Must be issued through our Bank.

Demat Form: The customer(s) must have demat account with SSL.

Loan Amount per individual:
  • Minimum : Rs 20,000/-

  • Maximum : Rs 20.00 lacs per individual

Margin:

35% of Market Value of SGBs

Type of Facility :

Overdraft & Demand Loan.

Interest Rate :

Refer to the Interest Rate page

Tenor :

Overdraft : 36 months

Demand Loan : 12 months

Processing Fee :

0.50% of the Loan amount + applicable Service Tax or Rs 500 + applicable Tax, whichever is higher.

Repayment Mode
Overdraft
  • Interest to be serviced monthly.

  • Principal to be repaid on or before the end of the term.

Demand Loan
  • (Bullet-Repayment) Interest & Principal to be repaid on or before the end of the term.