The bank offers credit facility to borrowers against pledge of gold. A customer can get multiple withdrawals within a sanctioned limit. Vijaya Bank gold loan Review states that it is an attractive loan which customers are willing to take as the Vijaya Bank gold loan Interest Rate is attractive and the Vijaya Bank gold loan Eligibility is easy to achieve.

Vijaya Bank Gold Loan Interest Rate:

The current Vijaya Bank gold loan Interest Rate is discussed below.

Vijaya Bank gold loan Interest Rate is calculated on base rate. Vijaya Bank gold loan Rate is currently being calculated on 9.50% BR. Vijaya Bank gold loan Rate is at 12.75%.

Vijaya Bank Gold Loan Eligibility:

According to the Vijaya Bank gold loan review the Vijaya Bank gold loan Eligibility criteria are:

• ·Individuals above 18 years of age are eligible for the Vijaya Bank gold loan rate.
• ·The customer should have an account with the bank for Vijaya Bank gold loan Eligibility.

Vijaya Bank Gold Loan Documentation:

According to the Vijaya Bank gold loan Review these documents are required for Vijaya Bank gold loan

Eligibility:

Filled Application Form

Two Photographs

Agreement for Demand Cash Credit against gold.

Vijaya Bank gold loan Review shows that Vijaya Bank gold loan can be availed for maximum loan tenure of 2 years which can be repaid in equated monthly instalments. 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.

Vijaya 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 Vijaya Bank gold loan eligibility and Vijaya Bank gold loan Interest Rate etc. are on the official site at http://vijayabank.com/vijaya/vijaya/internet-en/menus/loans-advances/retail-lending-schemes/JewelLoan_Cash_Credit.html