Loan against Sovereign Gold Bond - Personal Banking
Loan against Sovereign Gold Bond
Features
- Minimum Loan Amount per individual: Rs 20,000/-
- Maximum Loan per individual : 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.
- 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.
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.

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs
Loans against Securities
Other Products

Mutual Fund investments to fulfil your personal goals..

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs