Kerala Bank will grant gold loan for any reasonable purpose

Loans are granted for any reasonable purpose. Up to 75% of make value of gold for 22 carat pure gold ornaments. If it is gold coin, only up to 50 grams will be considered for issuing loan.
Loan limit Up to Rs. 40 lakh
Repayment period The maximum period of loan is 24 months.
Eligibility The facility of gold loan shall be extended to persons who have a Current/Savings Bank account with the bank as well as for all citizens having KYC documents.

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