Gold Loan

Gold Loan is provided for the purpose of growth of a firm or company. This type of loan can be considered personal use, family fuction purpose, purchase of household or industrial goods. The loan can be considered against the Gold ornaments. Our Bank considers a loan for up to 75% of the value of Gold Ornaments, Net weight valued by Bank's approved values.


  • Any member of the Shree Basaveshwar Co-Operative Bank Ltd.
  • Individuals who may be employed/self-employed in business having regular income.
  • Permanent employee of Central/State/Defense/Police Force/Public or Joint Sector Undertaking/reputed firms/established Educational Inst/Professional/Businessmen having regular income.

Purpose of Loan

  • For purchase personal use / purchase of household items / Industrial items..
  • To meet personal expenses or purchase of consumer durables
  • Any other reason acceptable to Bank.

Budget of Loan

  • Depends on net valuation of Gold articles / repayment capacity.
  • Priority sector -- Need based /Project based.

Budget of Finance

  • 75% of Cost of value fixed by the bank from time to time.

Repayment Details

  • By EMI
  • Depends upon the loan amount.

Other Features

  • No prepayment penalty
  • Flexible repayment schedule
  • Interest on a daily reducing balance basis.