Federal Bank Gold Loan:

The bank offers its gold loan facility for any personal or household purpose. One can take a maximum of Rs. 75 lacs loan under this scheme.

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

Federal Bank Gold Loan Interest Rate: The current Federal Bank Gold Loan Interest Rate is discussed below.

Federal Bank Gold Loan Interest Rate is calculated on a base rate of .Federal Bank Gold Loan Rate for general purposes is 13.75%. Federal Bank Gold Loan Rate for OYG is 12.50%. Federal Bank Gold Loan Rate for easy Gold is 14.00%. Federal Bank Gold Loan Rate for Gold equity is 13.75%.

Federal Bank Gold Loan Eligibility:

According to the Federal Bank Gold Loan review the Federal Bank Gold Loan

Eligibility Criteria Are:

• ·The customer should hold an account with the bank.
• ·The applicant can get loan only against 22 carat gold.
• ·The customer needs to provide documents regarding to the state of ownership of the gold for Federal Bank Gold Federal Bank Gold Loan Eligibility.

Federal Bank Gold Loan Rate for per gram gold: The maximum Federal Bank Gold Loan Rate for 22 carat gold is Rs. 1600 per gram.

Federal Bank Gold Loan Documentation: According to the Federal Bank Gold Loan Review these documents are Required For Federal Bank Gold Loan

Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Affidavit stating the ownership of the gold.

Federal Bank Gold Loan Review shows that Federal Bank Gold Loan can be availed for maximum loan tenure of 12 months for general loan and 6 months for special loan which has to be repaid in lump sum with interest. 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.

Federal Bank 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 Federal Bank Gold Loan eligibility and Federal Bank Gold Loan Interest Rate etc. are on the official site at http://www.federalbank.co.in/Personal_Loans_GoldLoanScheme.aspx