OUR GOLD LOAN SCHEME BASKET

You can avail the loan against pledge of your household ornaments. The loan offered shall depend upon the purity level of your ornaments and the net weight of gold content.

Our staff follows strict operating guidelines while handling customer ornaments. This avoids ornament breakage and loss. The ornaments are kept in safe custody (safe rooms or strong rooms) with adequate security measures in the branch.

Yes, our gold Loan schemes also have a minimum lock-in period of 1 day, the interest is applicable only for the days the money was actually utilized. It is calculated on simple interest rate.

Our gold loan schemes fall broadly into following categories: - a) Maximum Value for Gold: These schemes offer the maximum amount of loan per gram. - b) Low interest rate: In this category, the interest rates are lower which offers the customer a choice of higher/lower Loan to Value (LTV) and tenure. - c) Flexible Repayment Option: Our products are tailored to suit the requirement of customer as at their comfort levels with respect to the interest rate and periodicity of repayment of interest and principal. Incidentally, gold loans can be availed at our branches for amounts as low as a Rs 3,000 and as high as 1crore. - d) Loan Transfer: Balance transfer is designed to help customers to transfer their gold loans with higher interest rate with banks & NBFC to Fedbank Loan transfer scheme which offers lower rate of interest.