The personal gold loan offered by the Cental Bank of India helps a customer to demand loan or overdraft facility against gold or gold ornaments of 22 carat purity for personal expenses like marriage / medical / educational needs etc.

Cental Bank Of India Gold Loan Review states that it is an attractive loan which customers are willing to take as the Cental Bank Of India Gold Loan Interest Rate is attractive and the Cental Bank Of India Gold Loan Eligibility is easy to achieve.

Cental Bank Of India Gold Loan Interest Rate:

The current Cental Bank Of India Gold Loan Interest Rate is discussed below.

Cental Bank Of India Gold Loan Rate is calculated at 9.50% base rate. For overdraft facility the Cental Bank Of India Gold Loan Rate is 12.50% p.a. For demand loan facility the Cental Bank Of India Gold Loan Rate is 13.50%.

Cental Bank Of India Gold Loan Eligibility:

 According to the Cental Bank Of India Gold Loan review the Cental Bank Of India Gold Loan Eligibility criteria are:

• Only Gold of 22 carat purity is admissible as security.
• The borrower should be above 18 years of age.
• The applicant should have a savings account with the bank to fulfil Cental bank of India gold loan eligibility.

Cental Bank Of India Gold Loan Rate For Per Gram Gold:

The Cental Bank Of India Gold Loan Rate for 22 carat gold is Rs. 1400 per gram.

Cental Bank Of India Gold Loan Documentation:

According to the Cental Bank Of India Gold Loan Review these documents are required for Cental Bank Of India Gold Loan Eligibility:

• Filled Application Form
• Two Photographs
• Proof Of Identification
• Proof Of Residence
• Proof Of Income
• Affidavit stating the ownership of the gold.

Cental Bank Of India Gold Loan Review shows that Cental Bank Of India Gold Loan can be availed for maximum loan tenure of 36 months which can be repaid in equated monthly instalments or post dated cheques. In case of overdraft facility the limit is reviewed by the bank on an annual basis.  The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank.

Cental Bank Of India Gold Loan Tax Benefits:

One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Cental Bank Of India Gold Loan eligibility and Cental Bank Of India Gold Loan Interest Rate etc. are on the official site at https://www.Centralbankofindia.co.in/site/MainSite.aspx?status=2&menu_id=154

Remarks: Prepayment penalty is not mentioned.