Loan Against Bullion (Gold/Silver)
Mahalaxmi Bikas Bank offers Loan Against Bullion (Gold/Silver) to customers who require quick access to funds to meet their personal financial needs. Under this facility, customers can avail of a loan against the security of gold and silver, including gold/silver jewellery and ornaments, utensils, coins, and other eligible bullion items.
Product Features:
- Loan limit up to 75% of FMV of Gold/Silver
- Simplified paperwork
- Easy disbursement
- Nominal service charge
- Easy to processing /renewal
Loan Limit:
Minimum: NPR.50,000.00 (Nepalese Rupees Fifty Thousands Only).
Maximum: NPR.5,000,000.00 (Nepalese Rupees Five Million Only) for Single Obligor Limit
Tenure: Maximum up to 1 year and could renew based upon the requirement of customer/ Business
Quantum of Loan:
Financing maximum up to 75% of FMV as determined by approved Gold tester. However, the loan amount shall not be less than 30% of the valuation.
