The bank offers overdraft facility through its Swarnamitra loans. This loan enables a customer to get a loan against gold jewellery without actually selling it. Karur Vysya bank Gold Loan Review states that it is an attractive loan which customers are willing to take as the Karur Vysya bank Gold Loan Interest Rate is attractive and the Karur Vysya bank Gold Loan Eligibility is easy to achieve.

Karur Vysya Bank Gold Loan Interest Rate:

The current Karur Vysya bank Gold Loan Interest Rate is discussed below.

Karur Vysya bank Gold Loan Interest Rate is currently at 15%. Karur Vysya bank Gold Loan Rate is revised regularly according to the RBI norms. One can get the updated Karur Vysya bank Gold Loan Rate from the nearest baranch.

Karur Vysya Bank Gold Loan Eligibility:

According to the Karur Vysya bank Gold Loan review the Karur Vysya bank Gold Loan Eligibility criteria are:

• ·Individuals who own jewellery are eligible for the Karur Vysya bank Gold Loan rate.
• ·The customer need to state personal purpose for loan in order to qualify for Karur Vysya bank Gold Loan Eligibility.

Karur Vysya bank Gold Loan Rate for per gram gold: The Karur Vysya bank Gold Loan Rate for 22 carat gold is Rs. 1100 per gram. The Karur Vysya bank Gold Loan Rate for 22 gold with hallmark is Rs. 1125 per gram.

Karur Vysya Bank Gold Loan Documentation:

According to the Karur Vysya bank Gold Loan Review these documents are required for Karur Vysya bank Gold Loan

Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Affidavit stating the ownership of the gold.

Karur Vysya bank Gold Loan Review shows that Karur Vysya bank Gold Loan can be repaid with Monthly interest and other expenses debited from the account. 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.

Karur Vysya 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 Karur Vysya bank Gold Loan eligibility and Karur Vysya bank Gold Loan Interest Rate etc. are on the official site at http://www.kvb.co.in/personal/gold_loans.html