INTRODUCTION

Whatever be a customer needs, Gold loan from Federal Bank is the easiest option for him/her
to get instant finance. Federal Bank provides its customers hassle-free, instant Gold loans at
lowest interest rates.

Instant cash against gold has got two categories in which it

provides loans:

FEDERAL GOLD LOAN

FEDERAL SPECIAL GOLD LOAN
This is provided for both personal loan and loan provided to NRIs.
The terms and conditions are same for both NRIs and residentials.

1) FEDERAL GOLD LOAN

FEATURES

Available at lower interest rates.

Supported by over 1000 branches.

Avail loan amount up to Rs.75 Lakhs.

Hassle free processing within a few minutes.

No hidden charges or heavy penalties.

ADVANTAGES

Savings Account is not required for loan amount up to Rs.2 Lakhs.

Lump sum repayment option is available.

Repayment period is up to 12 months.

Security for the loan will be pledge of 22 ct gold ornaments.

BENEFITS

Repayment of the loan can be made as lump sum or as installments.

No heavy penalties on default.
Simple documentation.
Flexible repayment options.

MOTIVE

The main motive is to provide instant gold loans at cheaper interest rates and also to
make use of unused gold kept with customer in proving loans against it.

COMPARISON WITH HDFC BANK

PARTICULARS
Foreclosure charges
Prepayment or part payment
charges
Valuation fees

FEDERAL BANK GOLD

LOAN

HDFC BANK GOLD

LOAN

NIL
NIL

Upto 1%.
Upto 1%.

NIL

Rupees 250 to Rupees 500.