BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Charges for safe keeping of gold of jewellery left with the braches in closed gold loan account is
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50
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200
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100
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150
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Explanation:
Detailed explanation-1: -This Loan can be pre closed any time during the tenure. In case of pre-closure of the loan, a charge, currently 3% of the balance principal outstanding plus Service Tax will be applicable.
Detailed explanation-2: -Muthoot Finance not only promises the best gold loan rate but also a safe and secure storage facility for your gold. Quick, convenient, and easy-a gold loan from Muthoot ticks all the right boxes.
Detailed explanation-3: -The interest rates on gold loan, availed by pledging gold, are relatively lower than other types of loans and range between 7.35% to 29% p.a. Banks and other financial institutions in India offer gold loans, the loan amount for which ranges from Rs.1500 to Rs.1.5 crore.
There is 1 question to complete.