The Manjaly Service Co-operative Bank offers loans against gold ornaments – a scheme designed to provide loans against pledged gold ornaments which are ideal to meet your immediate requirement of cash. To build long-term wealth, with Manjaly Service Co-operative Bank, Bank’s ‘A’ Class can pledge gold. This loan is secured by gold jewelry. If the loan is not repaid after one year, the loan amount will be collected by auctioning the mortgaged property.

Features

• Maximum Loan Amount: Rs. 3.00 Lakhs.
• Duration 3 Months.
• Rate of interest is 7%.