Siddhartha Bank launches gold loan scheme with up to Rs 5 million ceiling
Summary
Siddhartha Bank has introduced a gold loan scheme allowing customers to pledge gold and jewellery as collateral for loans up to Rs 5 million, available at their New Road Gate branch in Kathmandu.
Key Points
- Siddhartha Bank Limited launched a new lending product called Siddhartha Gold Loan.
- Customers can secure loans up to Rs 5 million using gold and gold jewellery as collateral.
- Loans are extended up to 75 percent of the assessed value of pledged gold.
- The scheme is currently available at the bank's New Road Gate branch in Kathmandu.
