KSFE GOLD LOAN
Purpose: The Scheme is intended to provide short term loans for people who are urgently in need of money, on the security of gold ornaments.
Loan Limit: Maximum loan amount in this scheme is limited to Rupees 25 Lakhs per individual per day.
Interest Rate: Upto and including Rs.10,000/- 8.50% per annum(simple)
Rs. 10001 to Rs.20,000/- 9.50% per annum(simple)
Above Rs.20000/- and up to & including Rs.25,00,000/- 10.50% p.a. (simple) (Minimum Interest Rs.25/- for loans above Rs.5000/-)
Period of Loan: Maximum period of loan is 12 months. Loanee can renew the loan for a further period of one year, after remitting the due interest and this facility can be availed up to 36 months.
Business Hours: Gold loan counter will be open from 10.00 AM to 4.30 PM on all working days.