SGB BIZ SCHEME
Features & Benefits
Your Sovereign Gold Bonds are more than just an investment-they are the key to unlocking new financial opportunities. Secure a loan against your SGBs and tap into a quick easy and affordable financing solution. Your gold continues to grow and so can your ambitions.
OD/CC : for meeting working capital requirement
Term Loan: for funding of WC requirement or for acquisition of fixed assets
Eligibility
The loan facility is available to Self employed individuals / Proprietorship Firms / Partnerships / Companies or any other legal entity engaged in lawful business activities.
The following are outside the purview of the scheme:
- SGBs owned by NRIs
- SGBs in dematerialized form with depositories other than Federal Bank
- SGBs owned by minors.
- SGBs held in physical form.
Repayment
- OD/CC: Lump sum.
- Term Loan / Demand Loan: EMI
To avail the loan, you may visit any of our branches or request a call back.
Interest Rates & Charges
Please visit the rates and charges page for details