Banks will provide loans up to a maximum of 75 percent based on the valuation of the collateral gold.
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Siddhartha Bank has launched the 'Siddharth Gold Loan'.
The bank has announced that the new loan scheme has been introduced with the aim of addressing the immediate financial needs of the customers in a simple and accessible manner.
Under this, customers will be able to obtain the necessary loan from the bank by pledging gold and gold jewellery as collateral. The bank has said that customers can obtain a maximum loan facility of Rs 50 lakh under this scheme.
The bank has said that the bank will provide a maximum loan of 75 percent based on the valuation of the collateral gold.
This facility, which has been launched with the aim of providing fast, safe and reliable financial services to the customers, can be availed at Siddhartha Bank's New Road Gate branch in Kathmandu.
