To take this loan, you have to pledge your gold as collateral or security. The bank checks the CIBIL score of the customer before giving the loan.
You can apply for KVB Jewel loan both online and offline.The bank provides you the loan based on the purity of your gold.
If you are an existing customer of the bank and you fulfill all the conditions of the bank, then you can take advantage of this loan with attractive gold loan interest rate.
According to the need of the customers, the bank offers many types of KVB Jewel loans, in which the interest rate and loan amount can be different.
Under Karur Vysya Bank Gold Loan, you can get a loan of minimum Rs 5000 and maximum up to Rs 75 lakh.
At present, the interest rate of Karur Vysya Bank Gold loan starts from 8.20% p.a. which may vary depending on the loan.
You can take this loan for a maximum loan tenure of 12 months.For more info go on below