Summit Gold Loan | Summit Bank

Summit Gold Loan

Summit Gold Loan is a secured running finance /personal loan facility designed to cater to the emergency funding needs of individuals.

Features:

Loan Amount Minimum: Rs.50,000/-Maximum: Rs.2,000,000/-
Loan Tenor 1 Yr
Mark-up Rate 3 Months KIBOR + 500bps or Minimum 15%

 

*Mark-up rate to be revised on Quarterly Basis

Loan Limit against Gold Upto 60% of Gold Value
Loan Type Running Finance / Term Finance
Insurance Insurance of Gold will be mandatory from Bank’s authorized

Insurance Company

Loan Enhancement Facility Available
Early Settlement Facility  Available

Note: Subject to other prevailing terms & conditions

 

Benefits:

  • Quick Processing
  • Minimum Documentation
  • Competitive Rates

 

Requirements:

  • Account will be opened in accordance with documentary requirements laid down in the SOP of “Account opening and management”
  • Must be a resident Pakistani
  • No minimum income required
  • 2 passport size photograph of applicant
  • 1 passport size photograph of Nominee
  • 2 References
  • Quality of Gold Not less than 18 Karat

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Last Updated 2017-03-27


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