Loan against SBI Gold Bonds
Why take credit when you can borrow against your own SBI Gold Bonds.
Welcome to world-class Banking at IDBI.
You need funds urgently? Our Loan against SBI Gold Bonds is the right product to fund your needs. To avail of the loan all you have to do is leverage your investments in the above by simply pledging them with us to get funds instantly. For further assistance, please feel free to talk to your Relationship Manager at the nearest branch or email us at capitalmarketgroup@idbibank.com / lakshmichand@idbibank.com
Details
Eligibility:An individual or HUF can avail of the loan under this scheme.
Loan Amount:You may take a minimum loan of Rs. 25,000. The limit depends upon the value of the bonds, applicable margin, and other conditions applicable from time to time.
Tenure:This facility will be renewable at the end of every 12 months.
Margin: For SBI Gold Bonds the margin is 25% of the market value of the Gold Bonds.
Purpose of the Loan: You can avail of the facility to meet contingencies and personal needs like House improvement, Educational purpose, Marriage purpose, Holiday abroad, Business opportunity etc.
Mode of Availing the Loan:
- The loan is in the form of an overdraft facility, repayable on demand and renewable every year.
- A suitable drawing limit will be fixed within which you can draw from your overdraft facility.
Rate of Interest and Other Charges: The interest rates charged by us are amongst the lowest in the market.
Renewal: The overdraft account needs to be renewed after 12 months. Penal interest at the rate of 2% is applicable for non-renewal of the account.
Loan against 6.6% ARS / US-64 Tax Free Bonds issued by UTI
Why take credit when you can borrow against your UTI Bonds
Welcome to world-class Banking at IDBI.
Our Loan against 6.6% Tax Free ARS Bonds issued by UTI is the right product to fund your needs. To avail of the loan all you have to do is leverage your investments in the above by simply pledging them with us to get funds instantly.
For further assistance, please feel free to talk to your Relationship Manager at the nearest branch or email us at capitalmarketgroup@idbibank.com / lakshmichand@idbibank.com
Details
Eligibility: An individual or HUF can avail of the loan under this scheme.
Loan Amount: You may take a minimum loan of Rs. 25,000. The limit depends upon the value of the bonds, applicable margin, your capacity to service the interest and the loan amount. Other conditions as applicable from time to time.
Margin: The margin application will be linked to the tenor to maturity of the bond i.e. 5% for every unexpired year. The margin varies between to 5% and 25%. Maximum Loan to Value is 95% of the value of the bond depending upon the maturity date of the bond.
Purpose of the Loan: You can avail of the facility to meet contingencies and personal needs like House improvement, Educational purpose, Marriage purpose, Holiday abroad, Business opportunity etc.
Mode of Availing the Loan
- The loan is in the form of an overdraft facility, repayable on demand and renewable every year.
- A suitable drawing limit will be fixed within which you can draw from your overdraft facility.
Rate of Interest and Other Charges: The interest rates charged by us are amongst the lowest in the market.
Renewal: The overdraft account needs to be renewed after 12 months. Penal interest at the rate of 2% is applicable for non-renewal of the account. |
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